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China fights back in trade war with US 14 May 2019
China/US: The Chinese Ministry of Finance has increased tariffs on selected US goods, including cement, to 25% with effect from 1 June 2019. It said it took the action in response to escalating US tariffs in May 2019. The new Chinese tariffs range from 10% to 25% and include clinker, white cement, other Portland cements, other hydraulic cement, refractory cement, additives for cement, plaster and concrete, limestone, quicklime, slaked lime, gypsum, refractory products and cement packaging machinery.
Cemex agrees final agreement to sell aggregate and ready-mixed concrete assets in Germany 14 May 2019
Germany: Cemex has signed the final agreement to sell its aggregates and ready-mix assets in the North and North-West regions of Germany to GP Günter Papenburg AG for around Euro87m. The divestment is expected to close during the second quarter of 2019.
The assets in Germany being divested consist of four aggregates quarries and four ready-mix facilities in North Germany, and nine aggregates quarries and 14 ready-mix facilities in North-West Germany. The proceeds expected to be obtained from this divestment will be used mainly for debt reduction and for general corporate purposes.
Peru: UNACEM has ordered a clinker cooler for its Condorcorcha cement plant from Turkey’s Fons Technology International, part of Dal Engineering Group. The cement producer will replace its existing cooler with a new FTI clinker cooler. The FTI cooler is designed so that it can reuse the existing cooler casing and refractory. It has also ordered a three-roller crusher for its 1500t/day clinker production line. Installation is scheduled for September 2019. No value for the order has been disclosed.
Liberia: President George Manneh Weah has written to the Liberian Senate to agree investment and incentive agreements between the government and Starr Cement. The cement producer intends to build a 0.6Mt/yr grinding plant, according to the New Dawn newspaper. The project will cost US$41m. The proposed plant will supply cement locally and to other countries in the Mano River Union, including Ivory Coast, Guinea and Sierra Leone.
Nigeria: Ogbonnaya Onu, the Minister of Science and Technology, has inaugurated a pozzolana cement plant at Bokkos in Plateau state. The plant is currently being commissioned, according to the News Agency of Nigeria. The 5000t/yr grinding unit is intended to produce low cost cement. It consists of six sections: materials handling; grinding; nodulisation; calcination; milling; metering; and bagging. The plant is being run in conjunction with the Nigerian Building and Road Research Institute (NBBRI).