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Vietnam cement exports drop 10.8% in 1H24

02 July 2024, Published under Cement News

Between 2019 and 2022, the average export value of cement and clinker ranged from US$1bn to US$1.3bn annually. However, in 2023, export earnings sharply declined due to falling prices. The average Free On Board (FOB) price of clinker fell to US$31-32/t in May 2024, a notable decrease from US$46-48/t  in 2022. The country’s Ministry of Construction (MoC) cited an increase in the tax on clinker exports, from five to 10 per cent as of 1 January 2023, as a key factor making Vietnamese clinker...

US considering carbon pricing for imports

02 July 2024, Published under Cement News

The US is looking to a potential carbon pricing system for goods and services imported into the country as part of a wider carbon policy. The step is a key policy shift as it looks to counter Chinese industrial competition and reduce emissions. John Podesta said the US would fight against “freeriding” by foreign producers of carbon-intensive industrial imports, in an interview with the UK Financial Times. “We’re not going to just give up our industrial base to people who are dumping carbon...

Dominican cement price rise affects housing construction

01 July 2024, Published under Cement News

In the Dominican Republic, cement prices, as represented in the Direct Cost of Housing Construction (ICDV), have increased by 49.3 per cent between January 2020-April 2024, according to the Dominican Association of Housing Builders and Developers (Acoprovi). This is causing inflationary pressures and increasing the cost of housing construction as cement represents 18 per cent of construction costs. In 2024 to date cement prices have advanced by eight per cent with an extra six per cent ant...

Amran Cement Factory to be modernised

01 July 2024, Published under Cement News

Chairman of the Board of Directors of the Yemeni General Corp for Cement Industry and Marketing , Yahya Atifa, has reviewed the progress of production work at the 2Mta Amran Cement Factory . Mr Atifa, accompanied by First Undersecretary Governor, Abdul Aziz Abu Kharfsha, inspected the work conditions at the factory. In the meeting, chaired by Mr Atifa, the performance and work level of all departments and manufacturing formations of the Amran Cement Factory units were discussed. He stre...

Unacem to invest US$300m to reduce its carbon footprint by 2030

01 July 2024, Published under Cement News

Peru-based Unacem Group has published its Corporate Roadmap to 2030, setting a carbon emissions target of 1500kg of CO 2 /t of cement by 2030 in all its operations, representing a reduction from 607kg, and to achieve carbon neutrality by 2050. To achieve the target the company is investing US$300m by 2030. In 2023 the company achieved a reduction of 5kg of CO 2 /to of cement and has set a total reduction target of 6kg for 2024. In the medium term, targets are 21 and 16kg for 2025 and 2026,...

JK Cement posts 65% YoY jump in PAT

01 July 2024, Published under Cement News

JK Cement has reported revenue from operations of INR109,180m (US$1308m) in FY2023-24 (ended 31 March 2024), up 17 per cent YoY. Net sales over the same period came in at INR105,630m, marking a 16 per cent YoY expansion, while profit after tax jumped 65 per cent YoY to reach INR8310m.  Over the 12-month period the company produced 18.53Mt of grey and white cement (including wall putty), up 17 per cent YoY, giving a utilisation rate (excluding Toshali and Fujairah) of 81 per cent. In ter...

Dalmia Bharat Cement targets 130Mta

28 June 2024, Published under Cement News

India’s Dalmia Bharat Cement plans to reach 110-130Mta of cement production capacity by 2031. The company has also announced an interim target of 75Mta by 2027. According to the company, it aims to achieve this through new construction projects, expanding existing facilities and through acquisitions. In May this year, its cement production capacity stood at 45.6Mt with projects underway to add a further 2.4Mta and 0.5Mta in Assam and Bihar, respectively. A further 9.4Mta will be adde...

Cementos Molins appoints new CEO

27 June 2024, Published under Cement News

Cementos Molins SA has appointed Marcos Cela as its new CEO. Marcos Cela holds a degree in business management by the University of Barcelona, an MBA by ESADE Business School and a PADE senior management programme by IESE Business School. He developed his career at Decathlon Spain and Bic Graphic Europe, joining Molins in 2004 as finance director, a position he held until 2014. From that date until today, he has been a member of the Executive Committee responsible for the regions of Asia, ...

Heidelberg Materials converts Speed plant to slag grinding

26 June 2024, Published under Cement News

Heidelberg Materials has announced the successful conversion of its cement plant in Speed , Indiana, USA, to a slag grinding facility to better support the increased demand for sustainable products in the fast-growing Midwest market.   Following last year’s opening of its new state-of-the-art cement plant in Mitchell , Indiana, Heidelberg Materials ceased Portland cement production at its manufacturing site in Speed and invested in modifying the facility to produce slag cement from do...

Nuada starts carbon capture trials with Buzzi

25 June 2024, Published under Cement News

UK-based carbon capture technology provider Nuada has announced the launch of its pilot plant operation at Buzzi Unicem's cement facility in Monselice , Italy. Buzzi is trialling Nuada’s advanced carbon capture technology as a solution to produce low-carbon cement, leading the way in cement industry decarbonisation. This pilot project marks a milestone in carbon capture innovation, demonstrating the performance of Nuada's next-generation technology within a cement manufacturing setting...