Cement News tagged under: international
Cement Manufacturers' Association applauds 2024-25 budget26 July 2024, Published under Cement NewsThe Cement Manufacturers’ Association (CMA), the independent body of large cement producers in India that represents almost 75 per cent of the country’s total installed cement capacity, has applauded the Union Budget 2024-25. The budget, presented by the Finance Minister, Nirmala Sitharaman, on 23 July, set out a detailed plan for India’s economic growth with a strong emphasis on infrastructure development, employment generation and energy security. Speaking about the budget, Neeraj Akhou... |
Study finds by-products from lithium production can be used in cement production25 July 2024, Published under Cement NewsA peer-reviewed study by the German Lithium Institute has found that by-products from Rock Tech’s lithium conversion process can also be used as additives for cement, replacing the role of fly ash in cement production, a by-product of coal-fired power generation. The leached spodumene concentrate (LSC) generated during the production of lithium from spodumene holds serious potential as an additive. Consequently, the by-products of Rock Tech’s lithium production can ensure the regional ... |
Saurashtra Cement publishes increase in revenue24 July 2024, Published under Cement NewsSaurashtra Cement Ltd has reported consolidated revenue from operations of INR17.65bn (US$210m) in FY23-24 (ended 31 March 2024), up from INR16.45bn (seven per cent YoY). EBITDA for the year was INR1.2bn, compared to INR572m in FY22-23, reflecting a 77.1 per cent YoY increase. Net profit for the year before tax came in at INR565m, marking an 88 per cent YoY increase. Blended cement sales growth was higher than the overall sales growth and clinker production was up nine per cent than th... |
CIMERWA Plc acquires Prime Cement Ltd24 July 2024, Published under Cement NewsCement producer CIMERWA Plc has completed the purchase of Prime Cement Ltd. CIMERWA sent a notice to the Rwanda Stock Exchange (RSE) informing the regulator that it had finalised the acquisition on 18 July 2024. CIMERWA stated that the purchase of Prime Cement’s assets was an ‘off-market transaction’. This suggests the company negotiated a private deal with Prime Cement directly. A statement signed by CIMERWA’s Executive Director, Rajasekhar Naidu, announced, “Under this agreement, C... |
US launches Cement and Concrete Center of Excellence23 July 2024, Published under Cement NewsThe US Department of Energy’s (DOE) Industrial Efficiency and Decarbonisation Office (IEDO) has announced plans to create a Cement and Concrete Center of Excellence to accelerate the development and adoption of novel low-carbon cement and concrete technologies. US national laboratories can receive up to US$9m through an upcoming competitive lab call to develop and lead the centre. The centre aims to support collaboration across academia, national labs, government agencies and corporations t... |
Heidelberg Materials to receives US$5m in funding from EPA23 July 2024, Published under Cement NewsHeidelberg Materials North America is set to receive US$5m in funding from the US Environmental Protection Agency (EPA) for the development of a cloud-based tool that produces environmental product declarations (EPDs) for building materials. An EPD is a standardised declaration of a product’s lifecycle assessment that shows its impact on the environment. EPDs are vital for transparency on the carbon footprint of a product. The project aims to develop a tool that substantially enhan... |
Road spending to boost Indian cement demand23 July 2024, Published under Cement NewsIndia’s cement companies are expected to benefit from a boost in road infrastructure spending. In her Budget 2024 speech, Nirmala Sitharaman, India’s Union Finance Minister announced an investment of INR260,000m (US$3106m) in highway development in Bihar. According to Mint, key projects includes the construction of a two-lane bridge over the Ganga and new highways such as the Patna-Purnea Expressway and Buxom-Bhagalpur Expressway. The news is expected to bring renewed cement demand, b... |
Peru’s cement market contracts 6% in June22 July 2024, Published under Cement NewsCement dispatches in Peru declined by 5.9 per cent YoY to 0.924Mt in June 2024 from 0.928Mt in June 2023, according to ASOCEM, the Peruvian cement association. Of this total, dispatches by ASOCEM members were down 8.8 per cent to 0.842Mt in June 2024 from 0.923Mt in June 2023. Output from domestic cement plants declined 6.1 per cent YoY to 0.884Mt in June 2024 from 0.941Mt. Clinker production fell 15.5 per cent to 0.686Mt from 0.812Mt over the same period. In terms of external trade, Per... |
Singapore's first electric concrete mixer truck arrives at Pan-United22 July 2024, Published under Cement NewsSingapore-based concrete supplier Pan-United Corp Ltd has unveiled the country's first fully-electric concrete mixer truck, highlighting its commitment to sustainability. The adoption of electric vehicles (EVs) represents a milestone in the company’s efforts to become a carbon-neutral ready-mix concrete company by 2050. The electric mixer truck will reduce the carbon footprint associated with the haulage of concrete by 45 per cent, compared to a vehicle using fossil-fuel. Furthermore,... |
US cement sales rose in April19 July 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico amounted to 9.232Mt in April, up 5.9 per cent YoY from the 8.719Mt recorded in April 2023. Excluding for imports and sales to Puerto Rico, cement consumption in the US rose 5.9 per cent YoY to 9.11Mt, up from 8.6Mt a year earlier. The key district for shipments was the Mountain and Pacific region accounting for 1.629Mt, up 2.3 per cent YoY. Masonry cement shipments amounted to 202,211t, up 5.4 per ... |