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Cemex querying provincial tax in Costa Rica 05 July 2019
Costa Rica: Cemex has taken legal action to query a local 5% tax on the sale of cement in the provinces of Cartago, San José and Guanacaste. The issue is commercially relevant because its competitor Cementos Fortaleza operates a grinding plant at Salinas Esparza in Puntarenas where the tax is not liable, according to Diario Extra magazine. Cementos Fortaleza opened its unit in 2018. Cemex operates an integrated and a grinding plant in the country.
Argentina: Cement sales fell by 6.4% year-on-year to 5.51Mt in the first half of 2019 from 5.89Mt in the same period in 2018, according to data from AFCP. This trend was driven by a fall in local sales. Local sales fell by 6.6% to 5.46Mt but exports rose by 28% to nearly 50,000t.
Russia: Oligarch Oleg Deripaska has moved the ownership of BaselCement’s Serebryansky Cement Plant by MKAO Fenestraria Consultants from Cyprus to Kaliningrad, Russia. Companies associated with Deripaska underwent redomiciling procedures in May 2019, according to Interfax. The change follows the creation of Russian special administrative regions in 2018 to encourage companies to relocate domestically in response to international sanctions.
Hoffmann Green Cement Technologies signs deal with Bouygues Construction to develop low carbon concrete 05 July 2019
France: Hoffmann Green Cement Technologies and Bouygues Construction have signed a 30-month initial technical and commercial collaboration agreement to develop and test concrete formulations using new cement made from Hoffmann’s H-EVA technology. Hoffmann Green Cement inaugurated its pilot plant at Bournezeau, Vendée in late 2018. The unit will manufacture cement products using flash-calcined metakaolin and blast-furnace slag. Bouygues Construction is a global construction company with a presence in over 60 countries.
InterCement stops production at Pedro Leopoldo plant 04 July 2019
Brazil: InterCement is to stop production at its integrated Pedro Leopoldo plant in Minas Gerais. It plans to temporarily run the unit as a cement terminal, according to Por Dentro De Tudo. The plant has 53 employees. 28 will be relocated to other plants in the company and the remaining 25 will be made redundant.