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Adbri updates market on Kwinana grinding plant expansion

15 December 2023

Australia: Adbri says that the cost and timing of its on-going expansion of its Kwinana grinding plant in Western Australia remain ‘on track.’ To date, the producer has invested US$161m in the expansion, towards a projected cost of US$385-420m.

In an accompanying trading update, Adbri said that it expects its full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) to be US$208 -212m in 2023, ‘moderately’ above its previous outlook. In 2022, its earnings before interest and taxation (EBIT) amounted to US$106m. The company has forecast total capital expenditure investments for 2023 of US$208-215m. It previously expected to invest US$221-235m during 2023.

Published in Global Cement News
Tagged under
  • Australia
  • Adbri
  • Outlook
  • capital expenditure
  • grinding plant
  • Expansion
  • Project
  • Investment
  • Western Australia
  • Cockburn Cement
  • GCW639

Holcim España to produce 50% reduced-CO2 cement at Sagunto cement plant

15 December 2023

Spain: Holcim España has committed to reaching 50% reduced-CO2 cement production at its Sagunto cement plant in Valencia. The cement comes under its ECOPlanet range, which offers emissions reductions of up to 30%. General manager Lucas García said that the company relies on supplementary cementitious materials, including recycled raw materials, and alternative fuels in producing the cement.

The El Mercantil Valenciano newspaper has reported that the Sagunto plant’s environmental manager, Carmen Orts, said that its application of 29 different best available techniques ‘ensures the protection of the environment with a holistic vision.’

Published in Global Cement News
Tagged under
  • Spain
  • Holcim España
  • CO2
  • Sustainability
  • Alternative Fuels
  • Alternative raw materials
  • GCW639

Lafarge faces new court case in US over alleged terror funding

15 December 2023

US/Iraq: Victims of ISIS brought a new claim for compensation against Lafarge on 14 December 2023 for its alleged complicity in crimes committed by the terrorist group in Iraq. A group of US citizens who belong to the Yazidi minority has sued the company, now part of Switzerland-based Holcim, in a US court. ISIS conducted a genocide against the Yazidi people in Sinjar, Iraq, beginning on 3 August 2014. The genocide involved 2100 – 4400 killings and 4200 – 10,800 abductions of girls and women, and displaced 500,000 people.

On 18 October 2023, Lafarge and Lafarge Syria pleaded guilty to conspiring to provide material support to ISIS and its ally al-Nusra Front by paying them approximately US$5.92m to continue operating during the Syrian Civil War.

Barrister Amal Clooney, representing the claimants in the latest case, said “It is shocking that a leading global corporation worked hand in hand with ISIS while ISIS was executing American civilians and committing genocide against Yazidis. We hope that this case will send a clear message that supporting terrorists cannot be ‘business as usual’ and that there will be justice for the victims.”

Published in Global Cement News
Tagged under
  • US
  • Court
  • Iraq
  • terrorism
  • Lafarge
  • Lafarge Syria
  • Islamic State
  • Syria
  • Finance
  • War
  • Invasion
  • compensation
  • GCW639

Sika opens Suzhou Technology Centre

15 December 2023

China: Switzerland-based Sika has opened its new Suzhou Technology Centre in Jiangsu Province. The centre will help Sika to develop its sustainable and high-performance technologies in order to grow it market potential throughout the Asia/Pacific region. By strategically expanding its research and development activities across all core technologies, Sika aims to further strengthen its global innovation leadership.

Chief innovation and sustainability officer Patricia Heidtman said "With our new technology centre, we are strengthening our innovation capabilities in the Asia/Pacific region and are fostering synergies in sustainable construction and environmentally friendly mobility. We have created the ideal framework for close collaboration between our research teams. It will thus enable us to develop forward-looking technologies for our customers that combine sustainability with performance."

Published in Global Cement News
Tagged under
  • China
  • Sika
  • Research
  • innovation
  • construction chemicals
  • GCW639

Shree Cement inaugurates Nawalgarh cement plant

14 December 2023

India: Shree Cement inaugurated its new 4.2Mt/yr Nawalgarh cement plant in Rajasthan on 14 December 2023. The plant boasts an 11,500t/day kiln, which is among the largest in India, according to the company. Following the inauguration, Shree Cement’s installed production capacity now stands at 53.4Mt/yr.

Managing director Neeraj Akhoury said “In our pursuit to become an 80Mt/yr company by 2028, we are excited to announce commissioning the kiln in our new integrated facility at Nawalgarh, Rajasthan. This facility is well suited to cater to the high consumption cement markets of National Capital Region, Punjab and Haryana, besides strengthening the company’s customer servicing capability in Rajasthan.”

Published in Global Cement News
Tagged under
  • India
  • Shree Cement
  • Rajasthan
  • Plant
  • Inauguration
  • growth
  • Capacity
  • target
  • market
  • GCW639
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