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Indian cement makers’ price hikes to support margins: Fitch Ratings

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The recent price increases by India’s cement companies will counter the higher energy costs, Fitch Ratings said.

Fitch expects that the demand for cement will not be affected so much by the restrictions to curb the spread of Covid-19 this time around. It also expects that ehe larger cement companies’ strong profitability in the financial year ended March 31, 2021 (FY21) should cushion their financial profiles against downside risks.

??ey energy commodities, including petroleum coke, imported coal and diesel, which together account for more than 50 per cent of cement makers’ costs rose sharply, particularly after Q3FY21,” it said.

It believes that the fresh curbs to contain the resurgence of coronavirus in India after March 2021 are more localized and there is significantly less disruption to logistics services and labour availability. Unlike last year, manufacturing plants and construction sites can operate in most States.

Furthermore, Fitch cited that the localised curbs, which are effective in most states, could cause cement demand to drop by more than 20 per cent in Q1FY22 from Q4FY21.

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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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