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Italcementi predicts growth in Asia

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Italcementi, the world’s fifth largest cement company, feels that the global cement industry has bottomed out and will see more growth in Asia and a recovery in some mature countries. The company expects its own volumes to rise 0-5 per cent in 2011, after three years of declines due to a global economic and financial crisis. The world’s No 1 cement group Lafarge forecasts a 3-6 per cent rise in 2011 demand led by expanding economies in China, India, Indonesia, Turkey and Brazil where it has 70 per cent of its capacity. "We went through very tough market conditions in the last couple of years. We look to the future in a more positive way and we believe we are at the bottom of the cycle," said Carlo Pesenti, Chief Executive, Italcementi. The family-owned Italcementi posted a 36 per cent fall in 2010 net profit to 45.8 million Euros ($64 million), as weak activity in mature countries offset healthy performance in Egypt and Morocco and a significant improvement in Asia.

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Concrete

CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

Image source:https://www.heavyequipmentguide.ca/

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Concrete

JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

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