Global Cement News
Search Cement News
Chris Leese leaves Cemex UK
Written by Global Cement staff
07 August 2019
UK: Chris Leese has decided to leave Cemex UK after 30 years with the company. His varied career at Cemex has seen him taking responsibility for a broad range of activities, notably as Vice President of Readymix VP and more latterly as Vice President of Aggregates.
Leese has been a long-standing champion of health and safety improvements, taking a lead role at Cemex and the broader industry. He was the chair of the MPA Health and Safety committee for over nine years.
Aggregate Industries appoints Max Colligan as the managing director of Ready Mix Concrete business
Written by Global Cement staff
07 August 2019
UK: Aggregate Industries has appointed Max Colligan as the managing director of its Ready Mix Concrete business and as a member of its executive committee. He holds over 30 years of experience in the construction industry. He holds a degree in civil engineering and has post-graduate qualifications in quarrying.
Trinidad & Tobago: The Caribbean Court of Justice (CCJ) has ruled that cement sold by Rock Hard Cement can be classified as ‘Other hydraulic cement.’ As such it is subject to a tariff of up to 5% under Common External Tariff (CET). Rock Hard Cement’s competitor Trinidad Cement and its subsidiaries had been arguing that the company’s products be classified as ‘Building cement (grey)’ and be charged a Caribbean Community (CARICOM) tax of 15% when imported into the region, according to the Barbados Today newspaper. The decision by the court is the latest in a series of legal cases between Rock Hard Cement and Trinidad Cement
However, the CCJ also said that recent developments in the cement industry made it appropriate for a study to be performed by the CARICOM Council for Trade and Economic Development (COTED) to assess whether the tariff rate for imported ‘Other hydraulic cement’ ought to be increased to give additional protection to regional cement manufacturers so that these manufacturers might obtain an appropriate level of protection. It also recommended greater collaboration between regional cement producers in undertaking global trade commitments.
JK Lakshmi Cement reports strong start to financial year 07 August 2019
India: JK Lakshmi Cement’s revenue rose by 9% year-on-year to US$160m in its first quarter to 30 June 2019 from US$147m in the same period in 2018. Notably, its expenses fell by 2% to US$146m due to decreasing logistics costs. Its net profit grew significantly to US$7.58m from US$0.44m. The cement producer also said that it had commissioned a 20MW captive power plant at its Durg cement plant in Chhattisgarh.
India: CARE Ratings has identified Telangana, Andhra Pradesh, Odisha, Rajasthan, West Bengal and Uttar Pradesh as the key states expected to lead cement production capacity additions over the next decade to 2030. In a sector report the credits agency forecast growth of 120Mt in this period. It noted that Rajasthan, Karnataka, Madhya Pradesh, Tamil Nadu, Andhra Pradesh and Telangana were among the top states in installed capacity at present. It said that the southern region led with highest installed capacity of 33% followed by the North, East, West and Central regions. Rajasthan, Karnataka, Telangana, Madhya Pradesh and Maharashtra are among the states with highest limestone resources.
India is the world’s second largest second producer but its per capita consumption is low, at 210kg. This is well below the global average of around 575kg/capita.