Items filtered by date: Thursday 09 March 2017
Saudi Arabia: Najran Cement has temporarily shut down its second production line due to poor market conditions and high inventory. The line has a clinker production capacity of 3000t/day. The cement producer intends to announce any financial impact arising from the shutdown in its financial report for the first quarter of 2017.
Philippines: The Cement Manufacturers Association of the Philippines (CEMAP) has asked that the local industry be treated fairly in an investigation by the Philippine Competition Commission (PCC). In a press statement, Ernesto M Ordoñez, President of CEMAP said that his association had not been notified or given a copy of a compliant filed by a legal firm, according to the Manila Bulletin. He added that the association’s lawyers had previously tried to find out more about the complaint in late January 2017 but had not had a reply.
"Fairness requires that both sides are heard. Not only were we not given a chance to be heard. More than a month after our letter to PCC asking for what the complaint is about so we could give our side, we still have no reply from PCC. We just found out about the nature of the complaint through the newspapers. This is one-sided and unfair, specially considering the track records of the subjects of the complaint," said Ordoñez.
The PCC announced in early March 2017 that was preparing to investigate the cement industry for alleged violations of competitive practice following a legal statement by Victorio Dimagiba, a former trade undersecretary, in August 2016 accusing CEMAP, LafargeHolcim Philippines and Republic Cement and Building Materials of engaging in anti-competitive agreements.
Mexico: Fives has supplied a Fives FCB Horomill for the new production line at Cementos Moctezuma’s Apazapan plant in Veracruz. The cement producer signed the acceptance certificate in mid-February 2017. The FCB Horomill 3800, supplied to fit the raw meal-grinding workshop, is part of the new plant that was inaugurated by Cementos Moctezuma in January 2017.
Chinese planners consider 10% cut in cement production 09 March 2017
China: The National Development and Reform Commission (NDRC) is considering aiming for a 10% cut in cement production. The Chinese state planning body announced on 6 March 2017 that it is pushing to cut production capacity in a number of industries including coal, steel and cement, according to the Nikkei Asian Review. Some sources place Chinese cement production capacity at up to 3.5Bnt/yr and 30% of this is believed to be surplus. The commission intends to cut production capacity through market control and legislation. The change in policy from the NDRC coincides with the third consecutive year that China’s annual target for real economic growth has been lowered.
Germany: Schwenk Zement has been confirmed as the buyer of Opterra Zement’s Karsdorf cement plant. The transaction remains subject to the Germany competition body and this is expected to take up to six months, according to the Naumburger Tageblatt newspaper. Employees are reportedly ‘concerned’ about the acquisition because Schwenk Zement operates its Bernburg plant in the same state, Saxony-Anhalt. The deal also includes a cement grinding plant.