Cement News tagged under: Weekly Newsletter
Cemtech Asia 202405 February 2024, Published under Cement NewsCemtech ASIA 2024 Advancing decarbonisation technologies in Asia | Sustainable Solutions Across All Continents Shangri-la Hotel, Jakarta, Indonesia 02-05 June 2024 Cemtech returns to Jakarta, Indonesia for the first time in 10 years in June for the next annual Asia conference and exhibition. Cemtech Asia 2024 is organised with the support of the Indonesia Cement Association (Asosiasi Semen Indonesia), representing 120Mta cement capacity in one of Asia’s biggest markets, and is set t... |
Taiwan Cement Corporation awards oxyfuel project to thyssenkrupp polysius02 February 2024, Published under Cement NewsTaiwan Cement Corp (TCC), Taipei, and thyssenkrupp Polysius, via its regional headquarter Asia-Pacific office agreed to construct and commission a separate oxyfuel calciner at the cement producer's Hoping cement plant with a compact footprint. A Memorandum of Understanding (MoU) was signed in Taipei, Taiwan, for a pilot plant that will be integrated into the existing Hoping production line. In a first step, TCC will commission thyssenkrupp Polysius with the engineering of the plant. Pabl... |
China Cement Association and GCCA sign low-carbon future agreement02 February 2024, Published under Cement NewsThe two leading representative bodies of the global cement industry have signed a milestone agreement to help accelerate decarbonisation of the sector across the world. China Cement Association (CCA), which represents more than 50 per cent of the world’s cement production and the Global Cement and Concrete Association (GCCA), whose members account for 80 per cent of cement production capacity outside of China, have signed a historic partnership pledge. The pledge includes an agreement to wor... |
Eagle Materials reports record revenue in 3QFY23-2401 February 2024, Published under Cement NewsUS-based Eagle Materials has reported record revenue of US$558.8m in the third quarter of FY23-24 (3QFY24), ended 31 December 2023, marking a nine per cent increase YoY. The results come despite “a backdrop of shifting, albeit constructive, market conditions as interest rates moved materially lower during the latter half of the quarter,” said Michael Haack, president, Eagle Materials. Adjusted EBITDA was up 10 per cent YoY to US$218.6m, while the company also reported record net earnings o... |
CNBM profit to fall 65% in 202331 January 2024, Published under Cement NewsChina National Building Materials (CNBM) has issued a profit warning for 2023, reports MarketScreener. According to the company, unaudited profit attributable to the equity holders of CNBM is forecast to decline by 65 per cent in 2023, compared to the previous year. The contraction is being attributed to a fall in the sales price of cement, commercial concrete and glass fibre, and lower sales volumes of cement and commercial concrete. The company has also noted a decline in performance... |
Heidelberg Materials ends clinker production at Hanover30 January 2024, Published under Cement NewsHeidelberg Materials has announced that it is shutting down clinker production at its Hanover cement plant in the second half of 2024. Going forward, the company will instead focus its activities in Hanover on the end-product cement and will continue to operate the site as a grinding facility. The adjustment comes after a substantial decline in cement sales following weak construction demand in Germany due to the current economic environment, as well as a stronger alignment of the co... |
Holcim to list North America business in the US29 January 2024, Published under Cement NewsHolcim has announced its intention to list its North American business in the US with a full capital market separation. According to the company, this process will create the leading pure-play building solutions company in the region. The newly-listed business will be committed to driving long-term growth in the rapidly expanding North American market and unlocking value for all its stakeholders. Following the US listing of North America, Holcim is expected to remain included in the Sw... |
PPC concludes 51% CIMERWA stake disposal29 January 2024, Published under Cement NewsPPC has concluded the sale of its 51 per cent stake in CIMERWA , Rwanda. The South Africa-based cement producer sold its shareholding for US$42.5m to National Cement Holding Ltd. The sale enables PPC to focus on its core domestic market, where it sees opportunities to improve profitability and secure a more sustainable return on capital, reports The Chronicle. In a notice to shareholders, PPC Chief Executive Officer, Matias Cardarelli, said: "I am pleased with the timely completion of t... |
Votorantim Cimentos to invest BRL5bn until 202826 January 2024, Published under Cement NewsVotorantim Cimentos announced BRL5bn (US$1bn) in investments, which BRL1.5bn (US$300m) are already in place, to expand the company's cement capacity by 10 per cent in the next five years (3Mta). At BRL1666m/t (US$333m/t), the investment is expected to increase the yearly EBITDA by BRL1.3bn (US$260m) - 26 per cent of Votorantim's 2022 EBITDA, as stated by the news. According to Osvaldo Ayres Filho, global CEO, the investment will also increase the company's competitiveness, reduce mining ... |
Dalmia Bharat Ltd records INR2660m profit in 3QFY2425 January 2024, Published under Cement NewsDalmia Bharat Ltd reported profit after tax of INR2660m (US$32m) in the 3QFY23-24, up 22 per cent from INR2180m in the 3QFY22-23. Sales volume reached 6.8Mt in the 3QFY23-24. This was a rise of 8.1 per cent from the 6.3Mt recorded in the 3QFY22-23. The 3QFY23-24 EBITDA for the company amounted to INR7750m, a rise of 20.3 per cent from the INR6440m reported in the 3QFY22-23. Commenting on the quarter gone by, Puneet Dalmia, MD and CEO of Dalmia Bharat Ltd, said, “India has undergone a hu... |