05 January 2021
Cementos Concepción’s 1Mt/yr Concepción cement plant scheduled for commissioning from June 2022 05 January 2021
Paraguay: Cementos Concepción (Cecon) says that its new 1Mt/yr integrated Concepción cement plant in San Lazaro will start commissioning in June 2022. Regular production is expected to start in August 2022. The Hoy newspaper reports that the project recently secured the last phase of its funding. It has a total investment of US$240m.
Argentina: Holcim Argentina has confirmed that it will stop milling activity at its Yocsina cement grinding plant in Córdoba province at the end of March 2021. The decision is part of a move to unify all cement grinding in the region at its integrated Malagueño plant, according to Agência CMA. The latter unit is currently being upgraded with start-up scheduled for the first quarter of 2021.
Rock Hard Cement says it will close for one month in Trinidad 05 January 2021
Trinidad & Tobago: Rock Hard Cement says it will close during January 2021 in Trinidad due to alleged changes in government tariffs on imported cement. It hopes to reopen In February 2021, according to the Trinidad & Tobago Guardian newspaper. The company has published advertisements in local media warning of potential price rises of up to 80% in 2021. As well as changes to import costs the cement importer claims that the quantity of imported cement will be restricted to 75,000t/yr. The Ministry of Trade and Industry said it couldn’t comment on the matter as it is currently undergoing legal proceedings.
Dominican Republic: The Dominican Association of Portland Cement Producers (ADOCEM) estimates that local production fell by 8% year-on-year in 2020 due to the coronavirus pandemic. Julissa Báez, the executive director of ADOCEM, said this compared to a 16% drop in the construction industry generally, according to local media. She added that local cement plants were allowed to continue production during a local lockdown that started in March 2020.
Najran receives licence for transportation subsidiary 05 January 2021
Saudi Arabia: The Ministry of Transport has granted Najran Cement a licence to launch its own limited liability transportation company. Reuters News has reported that the company is in the process of obtaining the final licence for the launch.
Oman: The Consumer Protection Authority (CPA) has intervened to suspend operations at a cement producing facility in Al Dhahirah Governorate. The Times of Oman has reported that the suspension results from repeated complaints to the CPA’s consumer protection department about product quality. The operation is also suspended from selling its goods.
BUA Cement and Dangote to supply discounted cement for social housing scheme in Nigeria 05 January 2021
Nigeria: BUA Cement and Dangote have signed an agreement with the government to supply cement at a discounted rate for the construction of 300,000 homes under the government’s Mass Housing Programme, according to The Sun newspaper.
Vice President Yemi Osinbajo said that the producers have agreed to provide cement for this project at a ‘considerable’ discount, which he described as ‘very helpful.’ He added, “Also important is the job creation aspect of it. You have young men and women who are builders, architects and civil engineers working on this project. We are hoping that a lot of the other building materials will be made locally.”
BUA Cement issues US$290m bond 05 January 2021
Nigeria: BUA Cement has successfully concluded a US$290m Series 1 fixed-rate senior unsecured bond issue. The Punch newspaper has reported that the company utilised US$290m of its US$505m maiden bond issue in line with regulatory guidelines. It was nonetheless oversubscribed by nearly US$350m. The group said that it will apply to dual-list the bond on the relevant exchanges, subject to necessary approvals.
Lafarge Africa receives product quality certificates from Standards Organisation of Nigeria 05 January 2021
Nigeria: The Standards Organisation of Nigeria (SON) has awarded Mandatory Conformity Assessment Programme product quality certificates to Lafarge Africa. The certificates were presented after the company’s Mfamosing cement plant met confirmatory and standardisation requirements set by the SON, according to the Punch newspaper. The subsidiary of Switzerland-based LafargeHolcim said that the certifications further demonstrated its commitment to ensuring quality assurance and compliance with the relevant product standards within the regulatory framework of the government. The certification process followed a series of inspections and connected analysis.
India: UltraTech Cement has raised around US$137m through unsecured redeemable non-convertible debentures (NCD). It has allotted 10,000 NCDs, each worth US$13,700, by private placement. The NCDs will reach maturity on 29 December 2023.