GCW206 India’s ‘greatest architect’ Charles Correa dies aged 84 18 June 2015 India: Charles Correa, a renowned Indian architect, died on 17 June 2015 at the age of 84. Correa designed structures in Toronto, Canada, Lisbon, Portugal and Boston, USA, but His
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· It says that the RDH has the potential to eliminate 2.4Bnt/yr of CO 2 emissions – 30% of global industrial CO 2 emissions and 7% of all global CO 2 emissions. CEO Joonas Rauramo said “Sharing our partners’ and customers’ sense of urgency to achieve net zero, we take determined actions to execute our strategy and progress
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· Canada: St Marys Cement, part of Brazil-based Votoronatim Cimentos, has installed a US$19.9m wet scrubber at its Bowmanville cement plant in Ontario. The installation will reduce the plant’s sulphur dioxide (SO 2) emissions by 90%. The producer says it is the first wet scrubber installed at a cement plant in Canada.
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· In its view ready-mixed concrete sales had been subdued since 2017 due to the UK’s departure from the European Union (Brexit) and a general slowdown in residential building. The market recovery seen so far in 2021 was likely to be merely a return to growth from a subdued level of activity that pre-dates Covid-19.
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· 04 April 2024. Poland: The Polish Cement Association reported a 12% fall in cement production in 2023, with output reaching 16.6Mt, according to data from the Central Statistical Office. The decline reflects challenges faced by the construction sector amidst a slowing economy, despite a slight GDP growth of over 0.2%.
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4 · Global: The Global Cement and Concrete Association (GCCA) and the United Nations Industrial Development Organization (UNIDO) have entered a partnership to
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· InterCement’s cement and clinker sales volumes fell by 16% to 11.8Mt in the first half of 2016 and its sales fell by 31% to Euro898m. As it described it, ‘the political and economic instability in Brazil in the first half, impacting on unemployment, investment and government spending, ultimately retracted the construction activity, compressing
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5 · About Global Cement Global Cement brings you essential news, events, research and market data on the global cement industry.Global Cement covers all aspects of the cement industry: mining and quarrying, refractories, process optimisation, monitoring, alternative fuels, environment and safety, markets, country reviews, cement
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· 19 June 2024. Adani Group’s subsidiary Ambuja Cements signed a deal this week to buy Penna Cement for US$1.25bn. The agreement adds 14Mt/yr of cement production capacity to the group with a focus in the south of India. The acquisition is a big step towards the group’s target of reaching a capacity of 140Mt/yr by 2028.
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30 May 2024. Belgium: The Alliance for Low-Carbon Cement & Concrete (ALCCC) has marked its first anniversary with a new policy roadmap aimed at achieving net zero emissions by 2040. Initiated in May 2023, the alliance brings together environmental NGOs and industry stakeholders to transform the cement and concrete sectors.
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Pasig City mayor Maribel Eusebio said that the plant would produce fuel pellets from the waste, which would then be supplied as an alternative fuel to cement plants. The RDF is majority-owned by Basic Environmental Systems & Technologies (BEST), a subsidiary of publicly-listed Minerales Industrias Corp, as well as France-based Lafarge Industrial
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Update on India, August 2023. Written by David Perilli, Global Cement 09 August 2023. Print. Adani Group announced this week that it was set to acquire a majority stake in Sanghi Cement. Its subsidiary Ambuja Cements said it was going to spend an enterprise value of just over US$600m on buying a 57% share in Sanghi Industries.
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· Given that they have a combined 425Mt/yr of cement capacity (give or take) this equates to around 190 staff for each 1Mt/yr of capacity. As the new LafargeHolcim will have control over around 340Mt/yr of cement capacity, we can crudely scale the 190 staff up to 64,600 cement sector staff.
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· During the nine-month period up to 31 March 2024, the Pakistani cement industry sold 34.5Mt of cement, up by 3% year-on-year. Producers have responded to the growth with capacity expansions, including the launch of the new 1.3Mt/yr Line 3 of Attock Cement’s Hub cement plant in Balochistan on 17 April 2023. China-based contractor
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· Global Cement online portal for all things cement related India: Ambuja Cement’s sales rose by 8.4% year-on-year in the first quarter of 2023, to US$520m, from US$483m in the first quarter of 2022. The company’s earnings before interest, taxation, depreciation and
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1 · Dublin, June 24, 2024 (GLOBE NEWSWIRE) -- The "Global Cement Industry Market Size & Forecast by Value and Volume Across 50+ Market Segments by Cement
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· 05 December 2023. Colombia: Grupo Argos launched a buyback of US$10.1m-worth of its shares on 4 December 2023. Local press has reported that the offer covers US$8.33m-worth of common shares and US$1.73m worth of preferred shares. The offer will remain open until 7 December 2023. Published in Global Cement News.
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09 May 2024. UK: C-Capture has initiated a carbon capture trial at Heidelberg Materials’ Ketton cement works in Rutland, as part of its national 'XLR8 CCS' project aimed at accelerating low-cost carbon capture solutions in industries like cement and glass. The trial utilises C-Capture’s technology, which employs a solvent to selectively
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01 March 2024. Tanzania: Huaxin Cement Tanzania Maweni Company has successfully commenced operations at its new Mavini plant. INPR News has reported that the plant will export cement to other countries. This will generate economic growth whilst also creating 1000 new jobs for local people, according to the company. Published in Global Cement
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· India: JK Cement's consolidated income rose by 21% year-on-year to US$1.19bn in the 2023 financial year, from US$983m in the 2022 financial year, Accord Fintech News has reported. High costs caused the group's net profit to fall by 38% to US$50.7m from US$82.1m. Published in Global Cement News.
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· 07 June 2024. Taiwan: Taiwan Cement recorded a net income of US$60.8m in the first quarter of 2024, marking a 39% rise from the same period last year, despite a 2.9% decline in revenue to US$790m. The company's profit margin increased to 7.7% from 5.4% in the first quarter of 2023, attributed to reduced expenses. Published in
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· GCC’s sales grow in first quarter of 2024. 25 April 2024. Mexico: GCC’s net sales were US$273m in 2024, up by 12% year-on-year. Its US sales rose by 17%, with local cement volumes up by 8.3% and concrete volumes up by 5.6% year-on-year, respectively. Meanwhile, its Mexican sales grew by 4%.
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· 17 April 2024. Ukraine: Data from Ukrcement, the Ukrainian Cement Association, show that cement consumption grew by 17% from 4.6Mt in 2022 to 5.4Mt in 2023. Pavlo Kachur, the head of Ukrcement, said that consumption is expected to continue growing modestly in 2024, according to Interfax-Ukraine.
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5 · An international conference in Bangkok has called for new policy commitments to support the global cement and concrete industry’s drive to net zero. BEUMER Group
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5 · Global Cement News. Search Cement News. Heidelberg Materials and Linde launch first large-scale CCU facility at Lengfurt cement plant. 20 June 2024. Germany:
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· 03 April 2024. China: Huaxin Cement grew its revenue and profit in 2023 by growing its concrete market domestically and increasing its international business. Its revenue rose by 11% year-on-year to US$4.67bn in 2023 from US$4.21bn in 2022. However its operating revenue from cement and clinker declined.
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· The headline figure, for example, is that following a set of pathways to fully decarbonise the US cement industry would cost US$60-120bn by 2050. Doing so would involve reducing the clinker factor, improving energy efficiency, increased use of alternative fuels, using CCUS, using alternative feedstocks and adopting alternatives to traditional
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5 · The latest cement news. Groundbreaking ceremony for the world's first large-scale carbon capture and utilisation facility in the cement industry. Friday 21 June 2024
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12 June 2024. Kenya: The government has decided to sell its entire 25% stake in East African Portland Cement Company, as part of a strategic reform of its investments, guided by the International Monetary Fund. The Star newspaper has reported that the government expects to earn US$134m from the sale. It reportedly sold 30% of shares in the
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Global Cement Consumption Outlook: insights and forecast The CW Group is a leading US-headquartered advisory, research and business intelligence boutique with a multi
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