September 2024
China: Huaxin Cement has signed a capital injection agreement with Huangshi State-owned Assets Company to acquire a 5.2% stake in the latter for US$150m. The producer says that it will strengthen its cooperation with Huangshi State-owned Assets Company in order to accelerate development of its non-cement business. It said that the transaction will also improve its innovation capabilities, helping it to achieve a low-carbon transformation. Huangshi State-owned Assets Company indirectly owns a 16% share of Huaxin Cement.
China: Anhui Conch Cement has engaged Conch IT Engineering for software platform supply and maintenance services for some of its subsidiaries. The supplier will provide design and technical services for the production process control system software, a sales and product dispatch system, production data uploading and a quality management system for clinker production lines, grinding units, aggregate, commodity concrete and technology modification projects. The value of the work is US$36m.
Vietnam: Vietnam National Cement Association (VNCA) members exported 15.5Mt of cement in the first five months of 2022, down by 14% year-on-year from 16.2Mt in the corresponding period of 2021. The value of the cement and clinker was US$693m, up slightly from US$690m.
In May 2022, Vietnam exported 1.5Mt of cement and clinker, with a value US$92m, down by 52% in volume and up by 29% in value year-on-year.
Canada: Workers at St Mary’s Cement’s Port-Daniel-Gascons cement plant have voted in favour of taking strike action in a dispute over matters including wages and pensions. Local press has reported that workers and the company, a subsidiary of Brazil-based Votorantim Cimentos, will sit in negotiations on 13 and 14 June 2022. Employees previously rejected a ‘final and comprehensive’ offer from the company earlier in May 2022.
Saudi Arabia: Southern Province Cement has completed technical studies and commenced construction of a new 5000t/day line at its Jazan cement plant. The company will also build the infrastructure for another 5000t/day line at the site. Reuters new has reported that, together, the lines will replace the plant’s existing production lines.
Egypt: Misr Beni Suef recorded sales of US$23.5m in the first quarter of 2022, up by 70% year-on-year from US$13.8m in the first quarter of 2021. The producer recorded a net profit of US$2.57m, up by 28% year-on-year from US$2.01m.
Zimbabwe: Lafarge Zimbabwe’s cement volumes fell by 55% year-on-year in the first quarter of 2022. The company restarted grinding units at its Manresa grinding plant in February 2022 following a roof collapse in October 2021. In a trading update, Lafarge Zimbabwe said that the disruption impacted its profit in the quarter. The producer took the opportunity to decommission one of its ball mills for replacement with a new vertical roller mill in mid-2022.
Chief executive officer Geoffrey Ndugwa said “The company is confident that volumes will recover and grow as the availability of cement stabilises, especially after the new vertical roller mill start-up in the second quarter of 2022.”
Cembureau publishes 2030 Biodiversity Roadmap 30 May 2022
Europe: The European cement industry association Cembureau has published its 2030 Biodiversity Roadmap. The roadmap sets out the association’s strategy for becoming nature positive by 2030. This consists of four focus areas, namely participation in the European Union (EU) Pollinators Initiative, control of invasive species, support for protected species and ecosystem rehabilitation efforts.
Chief executive officer Koen Coppenholle said “The European cement industry is committed to achieving the goals set in the EU Green Deal. In addition to climate change, one of the key priorities of our industry is to protect and preserve the rich ecosystems thriving in and around our quarries and to make a strong contribution to biodiversity across the EU.”
India: The National Bank for Agriculture and Rural Development (NABARD) has entrusted Ambuja Cement Foundation with responsibility for a new watershed development project in Himachal Pradesh’s Mandi District. The work will support local farmers in increasing their production and productivity. It will be the 10th such project that Ambuja Cement Foundation has executed.
Director and CEO Pearl Tiwari said “Ambuja Cement Foundation has a long-standing relationship with NABARD, and we have been working together on watershed development in Himachal Pradesh for the past 14 years. With this new project, we are once again working to empower farmers of another district in the hilly region.”
India: India Cements’ fourth-quarter sales were US$183m in its 2022 financial year, which ended on 31 March 2022, down by 4% year-on-year from US$190m in the corresponding quarter of the 2021 Indian financial year. The producer’s net loss was US$1.37m, as against a first-quarter 2021 financial year net profit of US$6.47m. During the quarter, the company’s cement sales volumes fell by 1.4% to 2.63Mt from 2.67Mt, while its clinker sales volumes fell by 88% to 38,000t from 324,000t. For the full 2022 financial year, India Cements’ sales of cement rose by 2% to 9.07Mt from 8.9Mt. Coal costs ended the financial year at US$300/t, five times the 31 March 2021 price of US$60/t.
India Cements said “The spiralling prices of fuel, along with the shortage in availability of the same, affected the margins of the industry. The woes of the industry worsened further with the outbreak of Russia's war with Ukraine resulting in sanctions being imposed on Russia and its exports, fuelling further shortage of coal and oil in the market.”