Concrete

Cemex to restart kiln at CPN cement plant in Mexico to supply southwest US

Published

4 years ago

July 1, 2021

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Cemex has invested US$15m in recommissioning a 1Mt/yr cement kiln at its CPN cement plant in Hermosilla, Sonora. The decision is intended to reduce cement shortages in the western US and bolster its supply chain in Arizona, California and Nevada. The project at the CPN plant is scheduled for completion in the second quarter of 2021 and will create 130 jobs.

Cemex USA cement commercial executive vice president Joel Galassini said, ??any cement customers in California, Arizona and Nevada have been impacted by supply constraints this past year. The decision to recommission this kiln was made with our customers top-of-mind, to give them reliable access through a local supply chain to help meet their growing needs. Our unique network of production facilities in this region allows us to make these types of investments that will have a meaningful impact on meeting our customers??needs.??/p>

California regional president Francisco Rivera said, ??e are excited to build greater synergies with our Mexican operations to strengthen our US cement supply chain and help our customers avoid or mitigate any potential delays to their projects in 2021.??/p>

Concrete

UltraTech Cement Faces Growth Challenges Amid Cyclones and Monsoons

In contrast, the housing segment demonstrated robust growth.

Published

3 days ago

January 24, 2025

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UltraTech Cement, one of India’s largest cement manufacturers, highlighted in its Q3 exchange filing the growing impact of climate change and stringent environmental policies on its operations. Key segments, including infrastructure and housing, have been affected by severe weather events and pollution control measures.

The infrastructure segment witnessed a decline, largely attributed to pollution control measures in Delhi and surrounding regions. These regulations, aimed at curbing air pollution, slowed construction activities and delayed multiple infrastructure projects, reducing demand for cement. Additional challenges included farmers’ protests, completion of major projects like the RRTS, aggregate manufacturer strikes, and labour shortages during festive periods.

In contrast, the housing segment demonstrated robust growth across most regions, except Odisha, which was heavily impacted by Cyclone Dana. The cyclone caused significant disruptions, delaying construction and halting ongoing projects. Similarly, southern states such as Tamil Nadu, Telangana, and Andhra Pradesh faced growth slowdowns due to prolonged monsoon seasons and cyclone impacts.

UltraTech reported a 17% year-on-year decline in net profit, amounting to Rs 14.69 billion, despite a 3% rise in revenue from operations to Rs 171.93 billion. However, the company’s profit exceeded Street estimates of Rs 11.95 billion, and revenue surpassed expectations of Rs 168.54 billion.

(ET)

Concrete

Dalmia Bharat’s Q3 FY25 Net Profit Plunges by 75.19%

The company’s net consolidated total income dropped by 12.17% to Rs 32.18 billion in Q3 FY25.

Published

4 days ago

January 23, 2025

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Dalmia Bharat, a leading cement manufacturing company, reported a sharp decline of 75.19 per cent in its net consolidated profit for the quarter ending December 31, 2025. The company disclosed in a BSE filing that its profit after tax stood at Rs 660 million in Q3 FY25, compared to Rs 2.66 billion in the same quarter of the previous fiscal year.

The company’s net consolidated total income dropped by 12.17 per cent to Rs 32.18 billion in Q3 FY25, down from Rs 36.64 billion in the corresponding quarter last year.

According to Puneet Dalmia, the managing director and CEO, India experienced a slightly slower start to the year following multiple years of high growth. He assured that the company’s capacity expansion plans were progressing as expected, with a target of reaching 49.5 million tonnes (MnT) by the end of the fiscal year.

Chief Financial Officer Dharmender Tuteja highlighted that cement demand growth in Q3 fell short of earlier expectations. He noted that the company’s volumes declined by 2 per cent year-on-year, while EBITDA fell by 34.5 per cent year-on-year to Rs 5.11 billion, primarily due to continued softness in cement prices. However, he expressed optimism for the coming quarters, citing improving demand and signs of a positive trend in prices.

During the quarter, the company completed debottlenecking projects at its facilities in Rajgangpur, Odisha (0.6 MnT), and Kadapa, Andhra Pradesh (0.3 MnT), increasing its total clinker capacity to 23.5 MnT. Additionally, it commissioned a 4 MW captive solar power plant in Medinipur, West Bengal, and 46 MW renewable energy capacity under Group Captive, bringing its total operational renewable energy capacity to 252 MW.

Concrete

Gadchiroli Added to JSW’s List in Maharashtra’s Steel City Plan

A significant portion of this investment is likely to be concentrated in Nagpur and Gadchiroli.

Published

5 days ago

January 22, 2025

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On the first day of the World Economic Forum (WEF) at Davos, the state government signed memorandums of understanding (MoUs) worth over Rs 3.35 trillion for industrial investments in Vidarbha. By 8:30 pm (Indian time), the largest deal was secured with JSW Group, involving investment proposals worth Rs 3 trillion, which are expected to create 10,000 jobs. A significant portion of this investment is likely to be concentrated in Nagpur and Gadchiroli.

The Pune-based Kalyani Group, with interests in the defence and steel sectors, also signed an MoU for an investment proposal in Gadchiroli. According to a source from the state’s industries department, there is a possibility that the company will establish a defence production unit there.