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Cementir Holding reports growth

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Cementir Holding reported that its 2014 earnings before interest, tax, depreciation and amortisation (EBITDA) would exceed Euro180 mn after posting annual growth of 26.4 per cent in the first half of 2014.

Cementir reported EBITDA of Euro78.4 mn in the first half of 2014, up from Euro62 mn in the same period of 2013. Revenues were slightly up reaching Euro473 mn from Euro472 mn. The currency depreciations to the euro had helped Cementir to cut its operating costs by Euro29.3 mn from the end of June 2013 to Euro386 mn at the end of June 2014. Cementir?s net financial debt went up by Euro30 mn from December 2013 to Euro355 mn at 30 June 2014, as a result of plant maintenance, dividend distribution and changes in working capital. Looking ahead, Cementir expects better sales in Scandinavia, Turkey and the Far East to continue. Markets in Egypt seem to be unpredictable due to the political unrest.

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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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