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Latin America CemenTrade Summit to explore market prospect

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Construction markets in Latin America present a positive outlook with growth in infrastructural projects and increase in cement demand. CMT’s Latin America CemenTrade conference, to be held in Rio de Janeiro, on the 27 and 28 October 2011, will spotlight on the optimistic cement market outlook in Latin America and touch upon the challenges faced by the industry. Latin America CemenTrade will have investors, raw material suppliers and traders from cement companies explore the cement demand in Peru, residential and commercial projects in Colombia and the upbeat market growth in Brazil, which will host the World Cup in 2014 and Olympic Games in 2016.

Participants will also hear opportunities in markets potential in Peru, Colombia and Mexico. Plus, panelists from Davy, TBS do Brasil and Rodolatina Logistica S.A. will offer insights into the global market outlook, freight rates projection and logistical challenges faced by the cement industry in Latin America. Presenting their perspectives on energy savings solution, cost efficient plant implementation experience, carbon initiatives & trade opportunities in Brazil are PEG SA, IMSACOL – Ingenieria y Mantenimiento S.A.S and WayCarbon Brazil. While Banco BBM SA and Excend Capital Group will look into the economic performance in Latin America, as well as financing options available for investment.

This event is expected to be attended by executives from international/regional cement companies, ready-mix concrete companies, building materials companies, construction analysts, project financiers, shipping companies, technology providers and many more.

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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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