Items filtered by date: Monday 17 April 2017
Indonesia: Semen Indonesia plans to start commercial operation of its Rembang cement plant in the first half of 2017. Rizkan Chandra, the chief executive, of the state-owned cement producer revealed the company’s plans, despite protests on environmental grounds by local residents, after a meeting with presidential staff in Jakarta, according to the Antara news agency. However the plant is waiting for environmental clearance that is expected to be released in April 2017. Previously a government minister said that the President Joko Widodo was expected to inaugurate the plant in mid-2017. However, in October 2016 the Supreme Court ruled in favour of the protesters and ordered Semen Indonesia to cease its activities.
China: Japan’s Mitsubishi Materials has signed an agreement to sell its 66.7% stake in Yantai Mitsubishi Cement in Shandong to a subsidiary of China National Building Material (CNBM). No value for the sale has been revealed, according to Nikkei. Yantai Mitsubishi has a cement production capacity of 1.2Mt/yr. Mitsubishi Materials will also liquidate two of its Chinese cement admixture producers: one in Shandong and the other in Jiangsu.
The materials producer has blamed the decision on cement production overcapacity in the Chinese market and increasing environmental regulations. Mitsubishi Materials was ordered to halt production three times in 2016. It intends to focus on the US market where infrastructure spending is expected to boost the cement market.
LafargeHolcim to import 0.25Mt of clinker into Argentina 17 April 2017
Argentina: Holcim Argentina plans to import about 0.25Mt of clinker with a value of US$16.3m from May 2017 to April 2018. The product will arrive in six separate vessels carrying 41,800t each, according to the El Cronista newspaper. The cement producer says that the imports are intended to cover local demand that it can’t meet with its own production base. The company’s director Carlos Moreno added that the price of imported clinker is ‘competitive.’ The subsidiary of LafargeHolcim has a cement production of 4.8Mt/yr from plants in Campana in Buenos Aires, Malagueño in Córdoba, Puesto Viejo in Jujuy and Las Heras in Mendoza.