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Concrete

Cement companies likely to invest for mt tonnes capacity

Cement companies likely to invest to add metric tonnes capacity

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Between FY 2023 and 2027, cement industries are anticipated to go on an expansion binge and add 145-155 MT of capacity. On a high base, that amounts to a compound annual growth rate of 4%–5%. According to a note from Crisil, a strong 6-7% CAGR in demand is anticipated over these five fiscal years, which will promote supply development.

Large producers are currently concentrating on organic growth due to the robust demand outlook and acquisition of the majority of the smaller and financially weaker enterprises. Throughout the medium term, the top 5 will be responsible for the majority of incremental capacity expansion.

Strong profitability and a good post-pandemic demand rebound helped producers reduce their debt on the balance sheet. The pandemic forced the suspension or postponement of capex plans, which were resumed in the second half of fiscal 2021.

However, the agency anticipates that the capacity addition drive would slow down in fiscal 2023 and stabilise at 30-32 MT, including integrated and grinding units, since increased input costs have hurt their profitability and caused capex to decrease.

Moreover, fiscal 2024 appears unimpressive with only a 30-32 MT addition. That’s because general elections could result in changes to policies.

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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