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LATEST CEMENT INDUSTRY NEWS
JSW Cement secures US$48.9m sustainability-linked loan
India: JSW Cement has taken a loan of US$48.9m with which to finance its planned 47% capacity growth to 25Mt/yr from 17Mt/yr. MUFG Bank India provided the loan subject to sustainability-linked criteria. Press Trust of India News has reported that the producer’s subsidiary Shiva Cement is in the process of establishing a US$183m 1.36Mt/yr clinker plant and 1Mt/yr grinding plant in Odisha’s Sundergarh District./Global Cement
UAECEMENT.COM - OCT, 04 ,2022

Ambuja Cements creates non-disposable undertaking on part of ACC stake
India: Ambuja Cements says that it has created a non-disposable undertaking (NDU) on more than half of its 50% stake in fellow Adani Group subsidiary ACC. The Telegraph newspaper has reported that the producer intends to use the NDU as collateral for its loans. /Global Cement
UAECEMENT.COM - OCT, 02 ,2022

Nuh Çimento to expand waste heat recovery unit at Hereke cement plant
Turkey: Nuh Çimento has applied for environmental clearance for the expansion of a waste heat recovery (WHR) unit at its Hereke cement plant in Marmara. En Kocaeli News has reported that the company seeks to expand the plant’s power capacity by 66% to 29.6MW from 17.7MW. The company estimates that the project will cost US$4.38m. Its construction will employ 50 people. /Global Cement
UAECEMENT.COM - SEP, 20 ,2022

Adani Group completes Holcim India acquisition
India: Adani Group has successfully acquired Holcim’s assets in Indian for US$6.4bn. Holcim says that the transaction will facilitate the on-going implementation of its acquisition strategy, to build on investments of US$5.19bn in its solutions and products business so far in 2022. Holcim chief executive officer Jan Jenisch said “I would like to thank our 10,700 Indian colleagues who have played an essential role in the development of our business over the years with their relentless dedication and expertise. I am convinced that the Adani Group is the right home for them as well as for our customers to continue to thrive in the future. This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions, strengthening our balance sheet and giving us the firepower to continue our acquisition strategy.” /Global Cement
UAECEMENT.COM - SEP, 18 ,2022

Sadiq Ahmed Sadiq El Sewedy increases Arabian Cement stake to 11%
Egypt: Private investor Sadiq Ahmed Sadiq El Sewedy has enlarged their stake in Arabian Cement to 11% from 9.5%. The investor paid US$1.6m for the additional shares. Al Ahly Pharos and EFG Hermes Holding provided brokerage services for the deal. Arabian Cement recorded a profit of US$6.17m in the first half of 2022, compared to a US$1.2m loss in the first half of 2021. /Global Cement
UAECEMENT.COM - SEP, 14 ,2022

Tangshan Jidong Cement’s income rises but profit falls in first half of 2022
China: Tangshan Jidong Cement’s operating income rose by 3% year-on-year to US$2.44bn in the first half of 2022 from US$2.36bn in the same period in 2021. However, its net profit fell by 7% to US$165m from US$178m. Its sales volumes of cement and clinker dropped by 20% to 38.4Mt from 48Mt. It has a reported clinker and cement production capacity of 110Mt/yr and 176Mt/yr respectively. The cement producer said that demand for cement was weak, especially in April and May 2022, with no seasonal rebound. It blamed its falling profits on geopolitics, coronavirus and a downturn in the real estate sector. /Global Cement
UAECEMENT.COM - SEP, 04 ,2022

Adani likely to launch open offer for Holcim subsidiaries this week
India: The Adani Group is likely to launch an US$3.8bn open offer to acquire a 26% stake in each of Holcim s two Indian listed entities, Ambuja Cements and ACC, from public shareholders. The group announced that it had clinched a deal to acquire a controlling stake in the businesses for US$10.5bn in May 2022. As per the revised schedule submitted by ICICI Securities and Deutsche Equities India, the managers of the open offer, tendering of the shares in the open will start from 26 August 2022 and end on 9 September 2022. /Global Cement
UAECEMENT.COM - Aug, 24 ,2022

Southern Province Cement sees decline in sales and profit in first half of 2022
Saudi Arabia: Southern Province Cement s first-half 2022 sales were US$150m, down by 42% year-on-year from US$193m. Increased operating costs diminished the company s net profit by 42% from US$68.4m to US$39.9m. /Global Cement
UAECEMENT.COM - Aug, 11 ,2022

India imports record 2.03Mt of coal from Russia in July 2022
India: India imported 2.03Mt of coal from Russia in July 2022, making the widely sanctioned nation its third largest source of coal that month. The figure represents a 10% month-on-month increase from 1.85Mt-worth of Russian coal imports in June 2022. The Economic Times newspaper has reported that the single largest importer of thermal coal in July 2022 was UltraTech Cement, with 170,000t. /Global Cement
UAECEMENT.COM - Aug,06 ,2022

High costs reduce Vicat’s income in first half of 2022
France: Despite a 12% year-on-year increase in consolidated sales to Euro1.75bn from Euro1.56bn, Vicat recorded a net income drop of 17% to Euro77.8m from Euro93.5m in the first half of 2022. The group attributed the decline to increased global energy costs and to non-recurring industrial costs in France, India and the US. These costs included investments in exceptional maintenance at its Montalieu cement plant in France and a debottlenecking capacity expansion at its Kalburgi, India, cement plant. Geopolitical events also impacted the profitability of the producer s business in Mali. Group cement sales rose by 17% year-on-year to Euro1.1bn. Chair and CEO Guy Sidos said “The basis for comparison in the first six months of 2022 was unfavourably high given the sales and profitability levels achieved in the same period of the previous year.” /Global Cement
UAECEMENT.COM - Jul,31 ,2022

Solid Cement to commission expanded Antipolo cement plant in April 2024
Philippines: Cemex subsidiary Solid Cement is installing a new US$356m, 1.5Mt/yr line at its Antipolo cement plant. When operational in April 2024, the line will increase the plant’s capacity by 79% to 3.4Mt/yr. Over the first four months of the project since March 2022, Solid Cement invested US$197m in silos and mechanical installation. The new 1.5Mt/yr line will use Low Temperature Clinker technology to reduce its CO2 emissions, and will also recycle waste hot gases for raw materials drying. Solid Cement is building the plant using 6000t of its own Vertua reduced-CO2 cement, which it says will further reduce its net carbon footprint by 564t. Philippines president and CEO Luis Franco said “We will maintain our active role in supporting the development of this nation, as we have done in the past 25 years.” /Global Cement
UAECEMENT.COM - Jul,23 ,2022

Dangote Cement invited to establish cement plant in Burundi
Burundi: The government of Burundi says that it is ready to sign a credit letter with Dangote Cement for the establishment of a cement plant in the country. In this way, the government hopes to provide a long-term solution to the on-going national cement shortage. In the meantime, the government urged Dangote Cement to devise ‘modalities for the supply of construction materials’ into the country. Burundian delegates at a meeting with Dangote Cement on 8 July 2022 said that Northwest Burundi is endowed with abundant limestone reserves. /Global Cement
UAECEMENT.COM - Jul,12 ,2022

Popular Cement Industries wins Sindh mine case
Pakistan: Popular Cement Industries has won a court case against Gatron Group, which the cement company claimed was intruding upon a mine held under lease by it. The Business Recorder newspaper has reported that Gatron Group began construction of a partition wall across the mine. The judge ruled that Popular Cement Industries inherited its lease from Dadabhoy Cement in 1986. /Global Cement
UAECEMENT.COM - Jul,9 ,2022

FLSmidth to supply preheater and mills for upcoming Asian cement plant
Asia: FLSmidth says that it has won a contract to supply its low-NOx ILC preheater, an OK raw mill, an OK cement mill and other equipment to a cement plant in Asia. FLSmidth will deliver the equipment in 2023. The total value of the deal is US$56.1m. FLSmidth’s cement industry president Carsten Riisberg Lund said "This project showcases FLSmidth’s ability to deliver energy efficient technologies across the full cement flowsheet, and thereby support our customers in both increasing capacity and their sustainability efforts.” /Global Cement
UAECEMENT.COM - Jul,4 ,2022

MSG Group and Bedeschi agree to build plant in Somaliland
Somaliland: MSG Group of Companies through it s DIFC Dubai based subsidiary company Horn Holding Group ltd (HHG) has signed an agreement with Bedeschi SPA Italy for the construction of phase 1 of a full cement plant in Berbera, Somaliland. Phase 1, a grinding unit, will take about 18 months and will have production capacity of 0.7Mt/yr. The project has also achieved financing from reputed Italian Financial Institutions. The complete full plant project shall take three years to complete with a production capacity of 1.2Mt/yr of cement and 1.0Mt/yr of clinker. This article replaces an earlier version that erroneously stated that Raysut Cement was also involved in the project. MSG Group and Global Cement would like to make it clear that MSG Group is the 100% owner of this project. /Global Cement
UAECEMENT.COM - Jun,28 ,2022


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