Latest news with #cementindustry
Zawya
2 days ago
- Business
- Zawya
Oman: Raysut Cement reports strong H1, global gains
MUSCAT - Raysut Cement Company (RCC) Group, Oman's largest cement producer, has reported a significant financial turnaround in the first half of 2025, marking a major step in its transformation into a resilient and forward-looking industry leader. The Group's consolidated revenue rose by 30.8% to RO 41.3 million, while net losses were reduced by 38% compared to the same period in 2024. This performance reflects a successful strategy implemented across its operations, including key contributions from its UAE-based subsidiary Pioneer Cement Industries and its growing presence in the Maldives. Pioneer Cement Industries (PCI), a wholly owned subsidiary of RCC in the UAE, has become a central pillar in the Group's recovery. PCI's capacity utilisation surged to 88% in the first half of the year, up from just 40% during the same period in 2024. This turnaround is attributed to improved operational discipline and a renewed commercial focus. PCI succeeded in attracting bulk cement customers in the UAE and increased its monthly sales by an average of 50,000 metric tonnes. It also developed premium clinker products with higher margins and introduced a smart pricing mechanism to enhance competitiveness. In an interview with the Observer, Acting CEO Dr Hilal Saif al Dhamri highlighted the importance of these strategic gains. 'Pioneer Cement's recovery is a textbook example of how operational excellence and smart market positioning can deliver real results,' he said. 'We have restored its reputation and repositioned it as a high-performing, quality-driven asset within our Group.' RCC's strategic expansion into the Maldives has also paid dividends. Its 75%-owned subsidiary, Maldives Raysut Cement Company, has become a preferred supplier for major infrastructure projects in the island nation. The Group now holds a 35% share of total cement imports to the Maldives. Despite logistical hurdles typical of island markets, the company introduced efficient distribution models and launched specialised marine-grade cement to meet coastal construction demands. 'The Maldives is a key part of our international growth strategy,' Dr Al Dhamri added. 'We've established ourselves as a reliable partner for national development projects, and our localised approach is helping us build long-term customer trust.' On the sustainability front, RCC is setting new benchmarks at its flagship Salalah plant. The company is implementing a Waste Heat Recovery System that will generate 9MW of clean electricity annually, cutting CO₂ emissions by an estimated 50,000 tonnes per year and saving around RO 1.5 million in energy costs. Alongside this, a Refuse-Derived Fuel (RDF) project is being rolled out to process about 700 tonnes of municipal waste per day into alternative fuel, replacing 15% of the plant's natural gas consumption. These initiatives support Oman's environmental goals and demonstrate the financial viability of green technology in heavy industry. At the Sohar Cement Factory, monthly sales increased by 32,000 metric tonnes, contributing to stronger Group-wide performance. Strategic price optimisation in export markets has also helped bolster revenues and create a more sustainable business model. With these achievements, RCC is entering a new phase of sustained growth under Dr Al Dhamri's leadership. 'We've laid a strong foundation by revitalising our core operations, expanding internationally, and leading on sustainability,' he noted. 'Our focus now is to accelerate our momentum and secure our position as a regional industry leader.' As 2025 progresses, Raysut Cement stands as a model of industrial transformation—one that combines operational discipline, market diversification, and environmental responsibility to drive long-term value for Oman's cement sector and the wider region. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Reuters
11-07-2025
- Business
- Reuters
China sets its first renewable standards for steel, cement and polysilicon
BEIJING, July 11 (Reuters) - China has for the first time set renewable energy mandates for the steel, cement, and polysilicon industries, as well as for some data centres, according to a National Development and Reform Commission notice on Friday. Beijing's renewable portfolio standards, or RPS, set out targets for the percentage of power consumption that the various industries must obtain from renewables in each province. Previously the RPS only affected companies involved in power trading and the electrolytical aluminium industry, said David Fishman, principal at the Lantau Group, an energy-focused consultancy in an online post. "Simply put: heavy industry must buy green," Fishman wrote of the new regulations. Newly built data centres in so-called national hub nodes must use at least 80% green electricity, while targets for the other industries vary by province. The RPS targets are closely watched by market participants, said Yan Qin, principal analyst at ClearBlue markets in an online post, because they are used to calculate the amount of renewable power generation that will be incorporated into China's new contract for difference mechanism, which represents a move toward market-based pricing for renewables. Under that mechanism, the government pays back generators if market prices fall below a set level. The non-data centre targets are further divided into hydro renewables and non-hydro renewables. For 2025, the total renewable target is as high as 70% for hydropower-rich Yunnan province, for example, and as low as 24.2% for Fujian. The non-hydro targets cap out at 30% in wind and solar heavy provinces like Inner Mongolia, Gansu, and Qinghai, while mountainous Chongqing has a target of just 10.8%. Targets for 2026 were also released as part of the plan; the targets typically rise a few percentage points each year.
Bloomberg
05-06-2025
- Business
- Bloomberg
India's Lofty Equity Valuations Are Pure Bollywood
Even to seasoned investment professionals, India's lofty equity valuations are a head-scratcher. How's a sell-side researcher to explain to a foreign institution that the country's cement makers are more than twice as expensive as their peers in every other major market? Building materials are just one example, though that's what analyst Sanjeev Prasad and his team at Kotak Institutional Equities picked to raise some provocative questions in a recent investor note, titled What the cement sector tells us about our industry.
Yahoo
20-05-2025
- Business
- Yahoo
SINOMA International Hosts 3rd SINOMA Cement Green & Intelligent Summit, Charting Course for Sustainable Industry
BEIJING, May 20, 2025 (GLOBE NEWSWIRE) -- The 3rd SINOMA Cement Green & Intelligent Summit, themed "Green Intelligence Empowers Cooperation," was held in Hefei on May 16, drawing over 580 industry leaders and experts from 49 event fostered in-depth dialogues on green and low-carbon development, digital design, intelligent management, and industrial transformation, advancing global cement industry innovation and aligning with the vision of building a community with a shared future for mankind. Zhou Yuxian, Chairman of China National Building Material Group (CNBM), the parent company of SINOMA, delivered a keynote speech titled "Innovation-Oriented, Green-Focused, Future-Forward: Create a Brighter Future for the Materials Industry Together." He highlighted CNBM's commitment to leveraging cutting-edge technologies, global manufacturing capabilities, and capital empowerment to drive sustainable growth. Zhou emphasized CNBM's breakthroughs in high-performance materials, cost-efficient solutions, smart technologies, and green services, proposing new collaboration models—including strategic partnerships, joint R&D, equity cooperation, and financial alliances—to expand global market opportunities. Khamis Mussa Omar, Tanzanian Ambassador to China, remarked that CNBM's vision for a green and intelligent cement industry aligns closely with Tanzania's goals for sustainable industrial development. He praised SINOMA for constructing modern cement plants in Tanzania and supporting the nation's economic growth through engineering expertise, operational services, technical training, and supply chain solutions. Iven Zyuulu, Zambian Ambassador to China, stated in his address that green development, low-carbon transition, and application of clean technologies are critical for the sustainable growth of the cement industry. He noted that SINOMA has been contributing to Zambia's industrial upgrading and sustainable development since 2006. Zyuulu affirmed Zambia's commitment to fostering a favorable business environment and building a diversified, resilient economy, inviting global investors to explore opportunities in Zambia. Yin Zhisong, Chairman of SINOMA, delivered a welcome speech, reviewing the achievements of the previous two sessions and the company's journey in pioneering green development, developing intelligent equipment, and building a global service network. He reaffirmed SINOMA's dedication to green, intelligent, and sustainable development, vowing to collaborate with global partners to accelerate industrial transformation, create a green, low-carbon, and smart ecosystem, and advance global sustainability. The conference unveiled four major sci-tech innovation achievements of SINOMA for 2025. The event established a vital platform for global dialogue, bridging the cement industry's transition into a green and intelligent era. SINOMA pledged to continue gathering global expertise, showcasing cutting-edge technologies, strengthening cross-border collaboration, and driving deeper integration of intelligence, green practices, and low-carbon solutions. The company remains committed to fostering open cooperation, improving global livelihoods, and co-creating a sustainable future characterized by mutual benefit and ecological harmony. Company: Sinoma International Engineering Co. Ltd. Contact Person: Deng Jiexi Email: dengjiexi@ Website: Telephone: (010)64399322 City: Beijing A photo accompanying this announcement is available at in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Sinoma International Successfully Hosts The Second SINOMA Cement Green & Intelligent Summit
BEIJING, May 19, 2025 (GLOBE NEWSWIRE) -- The Second SINOMA Cement Green & Intelligent Summit was held in Nanjing, Jiangsu province on May 17. Themed "Green Intelligence Empowers Cooperation," the event was joined by more than 400 representatives from 34 countries, who had in-depth exchange of views on green and low-carbon development, digital design and intelligent they shared the application results of frontier technologies and discussed international cooperation in the cement industry, in an attempt to build a green, intelligent and beautiful future. General Manager of China National Building Materials Group (CNBM) said in a speech that the group will keep adhering to its mission of "Better Materials Better World" and serve the industry and its clients with high-quality innovative achievements. The group will make this high-profile conference into a regular platform where global cement enterprises can meet and exchange with each other. He hopes that CNBM could work together with its domestic and overseas counterparts to create a new chapter of green, low-carbon, digital and intelligent development of the global cement industry. South African Ambassador to China Siyabonga Cyprian Cwele delivered a speech at the conference. He said that SINOMA International Engineering Co., Ltd. (SINOMA International) has played an active role in strengthening cooperation between China and South Africa since entering the South African market in 2006, highlighting the company's professional expertise and excellent service. He also invited international businesses in the building materials industry to invest and develop in South Africa. In his speech, Ethiopian Ambassador to China Tefera Derbew Yimam shared the characteristics and initiatives of Ethiopia's cement industry and green development. He said SINOMA International has promoted local cement production and created massive jobs when joining large-scale cement projects, acknowledging the company's contribution to Ethiopia's cement industry. He extended an invitation to all interested companies to invest in Ethiopia's cement sector. Chairman of SINOMA International Yin Zhisong, on behalf of the organizing committee, delivered a welcome speech at the opening ceremony of the conference, in which he shared his insights about how SINOMA International fulfilling commitments since the first summit. He noted that SINOMA International treasures innovation, considers equipment crucial, regards the environment as its life, and values mutual trust as the source of every business relationship. The company aims to empower its global clients with world-class industrial intelligent technology and services, Yin added. He said SINOMA International, following the corporate mission of "Promoting Green and Intelligent Development, Serving a Better World" will work to create a data-driven green and intelligent technology and service system, so as to promote the sustainable development of the global cement industry. This conference also featured two sub-forums on "Green Low-Carbon" and "Digital Intelligence," with a total of 29 invited reports and special technical lectures delivered in six sessions. The Second SINOMA Cement Green & Intelligent Summit provided an important platform for enterprises in the global green and intelligent building materials industry to enhance communication, build trust, and strengthen cooperation. The event will keep telling SINOMA stories to the world, showcase the new technologies and achievements of SINOMA International, and contribute to the high-end, intelligent, and green development of the global cement industry. It will work together with all relevant parties to build a community with a shared future for mankind, and write new chapters of development in 'Green Intelligence Empowers Cooperation'. Company: Sinoma International Engineering Co. Ltd.,Contact Person: Deng JiexiEmail: dengjiexi@ (010)64399322City: Beijing A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
