Unacem to invest US$300m to reduce its carbon footprint by 2030
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, representin...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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JK Cement posts 65% YoY jump in PAT
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 INR...
UltraTech commissions Tadipatri production line
UltraTech is commissioning an additional 3.35Mta clinker along with 1.8Mta grinding capacity at its existing unit situated at Tadipatri, Andhra Pradesh, India. The capacity...
Tapping India's CO2 storage potential
This week the Global Cement and Concrete Association (GCCA) hosted a webinar with the Global CCS Initiative and the Clean Energy Ministerial (CEM) CCUS Initiative following the...
UltraTech Cement poised to buy 23% stake in India Cements
UltraTech Cement says it will buy a 23 per cent stake in Chennai-based rival The India Cements for up to INR18.85bn (US$226m), closing the gap on India's Adani Group. The de...
Queens Carbon receives funding for novel zero CO2 pilot
Queens Carbon, a US-based startup company developing a ground-breaking technology to eliminate CO 2 from cement production, has been selected to receive funding from the US De...
Dalmia Bharat Cement targets 130Mta
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 ...
Holcim ramps up use of AI
Holcim is scaling up its use of artificial intelligence (AI) in manufacturing across more than 100 plants worldwide over the next four years, improving efficiency and reinfor...
Saint-Gobain to acquire FOSROC
Saint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately-owned global construction chemicals player for US$1025m in cash. Following the acq...
Lebap plant increases production in 4M24
In the January-April 2024 period, the Lebap cement plant in Koytendag, Turkmenistan, produced 295,200t of product with a total value of TMT59m (US$16.9m), up from last year, ...
Atlantic Group to open new plant in Madagascar
Atlantic Group has laid the foundation stone on a new cement plant in Tamatava, Madagascar. This latest project forms part of the cement producer’s plans to develop its activ...
Volatile EUA market lead by gas price moves, turning bearish on increased fear of EP election outcome
By Frank O. Brannvoll, Brannvoll ApS, Denmark The carbon market saw a marked increase at the end of May as the gas market rose sharply in fear of Norwegian production cuts. ...
EBRD finances Çimsa's decarbonisation programme
The European Bank for Reconstruction and Development (EBRD) is providing a EUR25m loan to Turkey’s Çimsa to finance the cement company’s decarbonisation investment programm...
Shree Cement achieves 1GW renewable energy capacity
India-based Shree Cement Ltd has reached 1GW of renewable energy capacity following the commissioning of the company’s 19.5MW solar power plant at factory in Andhra Pradesh. ...
Cementtech 2024 takes place in Wuhan
Cementtech 2024 opened its doors yesterday to over 20,000 visitors and 1500 exhibitors from across the globe in its 15,000m 2 exhibition area. Hosted at the picturesque Wuhan ...
Supramax rates for USG shipments stay under pressure from limited demand
By Brannvoll ApS, Denmark The USG Supramax spot freight market remains weak with no positive changes observed this month. The spot segment is experiencing a further decrease...
Holcim invests in Travertine to advance decarbonised cement and circularity
Via its corporate venture capital and open innovation unit MAQER Ventures, Holcim has invested in Travertine to apply the start-up’s proprietary circular technology to the de...
Cementos Molins appoints new CEO
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...
Mondi and Cemex launch SolmixMix bag in Spain
Mondi, a global leader in sustainable packaging and paper, has announced the Spanish launch of its ground-breaking SolmixBag in collaboration with Cemex , by bringing it to th...
Heidelberg Materials appoints new MD of Midland Quarry Products
Andrew Boileau has been appointed managing director of Heidelberg Materials’ UK-based asphalt and quarrying business MQP (Midland Quarry Products). He replaces Rick Green, wh...
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