Cement News tagged under: Weekly Newsletter
Titan and thyssenkrupp sign IFESTOS FEED contract09 October 2024, Published under Cement NewsTIitan Group and thyssenkrupp have signed a Front-End Engineering Design (FEED) contract for the IFESTOS Carbon Capture Project. IFESTOS is one of the largest carbon capture projects in Europe, enabling the production of zero-carbon cement and concrete. The engineering contract provides for thyssenkrupp to design and equip the two kiln lines of the Kamari cement plant in Greece with oxyfuel systems for CO 2 capture. This technology will enable the plant's CO 2 emissions to be reduce... |
Confidence Cement invests US$68m in new facility in Narsingdi02 October 2024, Published under Cement NewsConfidence Cement PLC , a leading cement producer based in Bangladesh, is investing BDT8.15bn (US$68.2m) to construct a new production facility on 10 acres of land in Narsingdi. This expansion comes amid a slowdown in construction across Bangladesh following political changes, yet the company is positioning itself to meet future demand in Dhaka and surrounding regions. The new unit, Confidence Cement Dhaka Ltd, will have a daily production capacity of 6000tpd and is expected to create ar... |
Holcim plans new US$44m calcined clay processing line in Czech Republic01 October 2024, Published under Cement NewsHolcim Cesko is set to embark on its largest investment to date with the construction of a new calcined clay processing line at its Cížkovice cement plant, worth CZK1bn (US$44m). This cutting-edge project, expected to be completed by the end of 2026, is part of Holcim’s broader decarbonisation initiative aimed at reducing energy intensity and eliminating reliance on fossil fuels. By incorporating calcined clay, a low-carbon material, the new line will significantly reduce CO 2 emissions a... |
PPC cement sales fall in 4M24-2501 October 2024, Published under Cement NewsPPC cement sales declined 4.6 per cent in South Africa and Botswana in the first four months of FY24-25. However, revenue increased by 1.6 per cent YoY, supported by a 5.5 per cent hike in prices. The company said it would continue to focus on the turnaround of its cement businesses to improve profitability and cash generation, focussing on people, organisational culture, processes as well as industrial and supply chain optimisation, reported The Star. “The South African cement business is... |
Rezzato Mazzano CCS feasibility study launched30 September 2024, Published under Cement NewsHeidelberg Materials’ Rezzato Mazzano cement plant in the province of Brescia, Italy, is expected to be the first plant in the country to produce carbon captured net-zero cement and concrete. The plant has begun a feasibility study for a decarbonisation project. It is hoped that the Rezzato Mazzano carbon capture project will be part of a larger decarbonisation programme involving carbon capture and storage at Ravenna . Phase 1 of the Ravenna CCS project is being carried out by a join... |
Ethiopia's PM inaugurates Lemi National Cement Plant30 September 2024, Published under Cement NewsEthiopia's Prime Minister, Abiy Ahmed, inaugurated the Lemi National Cement Plant in the Lemi Building Materials Park, about 150km north of the country’s capital Addis Ababa. The new plant has a capacity of 15,000tpd (4.95Mta). During the inauguration of the mega plant, Abiy said the project was "a true model of fast and efficient delivery of critical infrastructure." He congratulated all those involved in the realisation of this important project, which will produce "50 perc ent of all ... |
GICA to raise exports to 10Mta30 September 2024, Published under Cement NewsAlgeria's Groupe Industriel des Ciments d'Algérie ( GICA ) is setting ambitious targets to elevate its export capacity to 10Mt in the coming years, according to Dzair Tube. This initiative aligns with Algeria’s national strategy to diversify revenue sources beyond the hydrocarbon sector, reflecting the country’s broader economic vision for sustainable growth. The Ain Touta cement complex , a subsidiary of GICA, has marked a significant milestone in technological advancement, as highlight... |
Cement Hranice records 29% rise in 2023 profit25 September 2024, Published under Cement NewsCzech cement producer Cement Hranice , owned by Germany’s Dyckerhoff AG , recorded a 29 per cent increase in net profit in 2023, reaching a record CZK916.2m (US$40.8m), compared to CZK710.5m in 2022. Revenues from sales grew by 5.5 per cent YoY, advancing from CZK2.227bn in 2022 to CZK2.349bn in 2023, according to the company’s annual report. Despite a reduction in cement sales volume last year, revenue growth was driven by higher product prices, according to the company's Board Chairma... |
Les Ciments de Bizerte posts 59% drop in 1H revenue24 September 2024, Published under Cement NewsLes Ciments de Bizerte announced disappointing results in 1H24. Revenues at the Tunisian cement producer declined by 59.3 per cent YoY to TND19.58m (US$6.45m) in the 1H24 from TND48.2m in the 1H23. The company’s loss increased by 55.2 per cent YoY to TND-26.8m from TND-17.27m over the same period. In addition, Les Ciments de Bizerte saw its cost of sales fall by 54.6 per cent to reach TND21.43m while financial expenses declined by 22.5 per cent to reach TND5.93m in the 1H24. "Given the s... |
CRH announces new CEO24 September 2024, Published under Cement NewsCRH has announced the appointment of Jim Mintern as the next chief executive officer, succeeding Albert Manifold who will retire at the end of the year. Mr Mintern is currently CRH’s chief financial officer, having been a director of the company’s board since June 2021. He has over 30 years of experience in the building materials industry and has been at CRH for 22 years. The company states that Mr Mintern has deep industry knowledge, has led a variety of operational businesses and is... |