Cement News tagged under: wind power

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Thatta Cement Co shows strong profit growth in 9MFY23-24

17 May 2024, Published under Cement News

Thatta Cement Co Ltd reported that in the nine months ending on 31 March (9MFY23-24), the company earned a net profit of PKR888.2m (US$3.19m) when compared to PKR80.6m in the year-ago period, representing a strong advance in net profit during the accounting period. The company's local sales, in terms of volume, increased by 21.2 per cent to 387,774t compared to the corresponding period of last year, when 319,959t of cement were dispatches. Thatta Cement achieved a 41.1 per cent increase i...

Lucky Cement profit jumps 67% in 9MFY23-24

30 April 2024, Published under Cement News

Lucky Cement Ltd announced its financial results for the 9MFY23-24 on the Pakistan Stock Exchange website on 29 April. It posted unconsolidated earnings of PKR18.649bn (US$67m), a significant advance of 67 per cent YoY. Earnings per share (EPS) stood at PKR63.65.    According to results from AHL Research, the top line in the 9MFY23-24 was PKR87.404bn, in contrast to PKR70.348bn in the equivalent period of the previous year, up 24 per cent YoY. The revenue growth comes from high...

Ambuja Cement to add 1GW of renewable energy

22 December 2023, Published under Cement News

Ambuja Cement ( Adani Group ) has announced a plan to add 1GW of solar and wind generation capacity. The company will invest INR60bn (US$72m) in solar and wind projects in two Indian states. The line-up of renewables includes a 600MW solar PV project and a 150MW wind project in Gujarat, as well as a 250MW solar PV project in Rajasthan. Ambuja Cement said the addition of solar and wind generation capacity will be achieved by the FY25-26 while the company reach 200MW of renewable capacity...

UltraTech Cement invests in wind power company

04 August 2023, Published under Cement News

UltraTech Cement has entered a Share Subscription and Shareholders Agreement and Energy Offtake Agreement with VEH Radiant Energy Pvt Ltd for the purpose of acquiring 26 per cent equity shares of VEH Radiant. VEH Radiant is engaged in generation and transmission of renewable wind power energy. The cost of the share price will not exceed INR151m (US$0.181m). VEH Energy has a registered office at TSIIC Hyderabad Knowledge City, India.

Flender opens expanded Voerde logistics and storage hall

19 May 2023, Published under Cement News

Drive manufacturer Flender has officially completed construction work on the expansion of its site in Voerde, Germany, with the opening of its new logistics and storage hall for the assembly of large gear units.   The hall has been built on an open area on the company's premises covering almost 8000m 2 . The new building is part of Flender's investments to be able to handle the expected growth in the global wind energy business and to drive the energy transition in Europe. In addition to...

Flender visited by Federal Minister for Economic Affairs and Climate Action

19 April 2023, Published under Cement News

German Federal Minister for Economic Affairs and Climate Action, Dr Robert Habeck, has visited drive specialist Flender at the international industry expo Hannover Messe. Flender was part of the Minister’s official tour of the expo and Dr Habeck took the opportunity to talk with Flender CEO Andreas Evertz about the energy transition goals for Germany and Europe, Flender’s role as one of the core suppliers for the wind energy industry, and also the importance of an energy-efficient industry o...

CEMEX supplies Vertua cement for eastern European projects

06 February 2023, Published under Cement News

CEMEX is providing Vertua lower-carbon cement for three high-profile renewable energy projects in Croatia and Bosnia-Herzegovina. The projects include wind farms in Croatia and Bosnia-Herzegovina and a hydropower plant in eastern Herzegovina.   Ivovik wind farm, the most significant investment in renewable energy sources in Bosnia-Herzegovina, will have 20 wind turbines and is expected to produce enough energy to meet the demand of more than 100,000 households. For this project, CEME...

Holcim Maroc inaugurates Agadir plant

27 June 2022, Published under Cement News

Holcim has opened its 1.6Mta Agadir-Souss plant in southern Morocco. Built in 2021, the company invested MAD3bn (US$299m) in the plant, which includes automation and artificial intelligence to optimise the production process.   In terms of sustainable operation, the Agadir-Souss facility will be powered using wind power from 2023 onward and will also use alternative fuels. In addition, the works generated 1400 temporary jobs during construction and 200 direct jobs since its opening. F...

Lucky Cement plans Karachi renewable energy project

13 June 2022, Published under Cement News

Lucky Cement Ltd has informed the Pakistan Stock Exchange (PSX) that the Board of Directors of Lucky cement, in its emergent meeting on 11 June 2022, has authorised the management of the company to undertake a feasibility study for a renewable energy project at its cement plant in Karachi, including wind and solar power. General Manager Finance and Company Secretary of Lucky Cement, Faisal Mahmood, in a bourse filing, stated that the Lucky Cement was one of the earliest cement companies...

Opterra orders 300GWh for renewable energy

21 April 2022, Published under Cement News

Statkraft, Europe's largest producer of renewable energy, has signed a further power purchase agreement (PPA) with Opterra , one of Germany's leading cement manufacturers, on the supply of renewable power from onshore wind and solar power. It follows a wind power PPA agreed in 2021 and enables Opterra to further transition its plant operations to a renewable energy supply. Opterra ( CRH group) is adding a further   300GWh of renewable power supplied by Statkraft to its plants in Karsd...