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Cemex post Q4 profit MEXICO

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Cemex shares surged after it posted a surprise fourth-quarter profit, reaping benefits from ongoing debt and cost-reduction programs and asset sales.

The company, which operates in 50 countries and has a heavy U.S. dollar debt load. The currency volatility in the period caused a slight dip of 4 percent in its core profit, but that was also better than analysts? expectations.

The company reported a profit of $144 million compared with a loss of $178 million in the year-earlier quarter, helped by selling $700 million in assets and trimming its debt by $1 billion.

Cemex expects to reduce its total $15.3 billion debt by a further $2 billion in the next two years and it is planning to sell another $1 billion to $1.5 billion in assets over the same time frame, according to a presentation to investors.

Cemex?s business in the United States made the biggest contribution to the company?s net sales. U.S. sales jumped 7 percent, boosted by high demand from the residential and infrastructure sectors, even as oil well demand for cement dipped further, the company said.

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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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