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Everest to construct fibre cement plant in Orissa

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Everest Industries plans to set up a 1,00,000-tonne fibre cement product plant in Orissa with an investment of Rs 50 crore. "The company is in the process of identifying 20 acres in Orissa for the new plant that will produce roofing solution products. The expansion will be funded through internal accruals," said Manish Sanghi, Managing Director, Everest Industries.

Currently, Everest has six production lines of fibre cement for roofing and three lines for boards at its Roorkee plant. The company offers a complete range of building solutions which includes ceilings, walls, flooring, cladding, doors, roofing and pre-engineered steel buildings. Besides Roorkee, it has manufacturing facilities at Kymore, Nashik, Coimbatore and Kolkata. The building solution industry was badly hit in FY-11 due to the poor monsoon in 2009. The industry had registered a growth of just one per cent in the financial year 2010-11, said Sanghi. The industry may register a growth of 8-10 per cent this fiscal as the disposable income of farmers and rural areas has improved substantially on the back of a bumper harvest and higher realisations of commodities, he added. On the soaring cement prices, Sanghi said there are no concrete reasons for prices to remain so high particularly when there is an excess production capacity in the country. Cement prices may stabilise or soften from here on. It is surprising that the cement prices are the highest in the world despite the country ranked as the world’s second largest cement manufacturer, he said.

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Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

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thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

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Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

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Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

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Concrete

Titan Cement Group enters South Asia

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Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

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