Cement News tagged under: Weekly Newsletter
India's CMA welcomes Interim Budget 2024-2507 February 2024, Published under Cement NewsIndia’s cement producers have applauded the country’s government for its sustained focus on infrastructure development in its latest Interim Budget 2024-25. Under the budget plan, investment in infrastructure will increase by 11.1 per cent YoY in 2024-25, equivalent to 3.4 per cent of GDP. Three major economic railway corridor programmes, namely the energy, mineral and cement corridor, as well as the port connectivity corridor and high traffic density corridor, are to be implemented t... |
Misr Cement appoint new CEO and MD07 February 2024, Published under Cement NewsMr Hassan Gabry has been appointed the new CEO, managing director and member of the Board of Directors at Misr Cement Group , effective from February 2024. Mr Gabry brings over 30 years of distinguished professional experience in commercial operations and business functions, with a significant focus on the cement industry spanning approximately 20 years. He has held key leadership and executive roles in major multinational companies across various continents. With his extensive backg... |
CEMENTTECH 202406 February 2024, Published under Cement NewsCEMENTTECH 2024 will be held during June 26-28, 2024 at Wuhan International Expo Center, China. The event is hosted by the China Building Materials Federation, China Cement Association, China Council for the Promotion of International Trade Building Materials Branch, and co-sponsored by the Hubei Cement Industry Association. This year the organisers are committed to promoting industry innovation at this exhibition, and will join hands with the world's leading suppliers to showcase le... |
Monarch Cement embarks on groundbreaking solar project06 February 2024, Published under Cement NewsUS-based Monarch Cement Co and Evergy Energy Solutions are collaborating on a groundbreaking solar project that is expected to serve as a model for the cement industry’s use of renewable energy. With the capacity to generate 20MW of clean electricity, the project is designed to offset a significant portion of Monarch’s energy consumption, reducing greenhouse gas emissions. The solar project, which will be located on Monarch’s property in Humboldt, Kansas, will pair state-of-the-art sol... |
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 Indonesian cement association (Asosiasi Semen Indonesia), representing 140Mta cement capacity in one of Asia’s biggest markets, and is set ... |
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... |