September 2024
Mexican cement prices sky-rocket in January 2022 26 January 2022
Mexico: The average price of bagged grey cement has soared by an average of 14.5% so far in January 2022. Bulk cement prices have increased by 20% month-on-month since mid December 2021.
Locally-owned multinational producer Cemex said that, to maintain margins, it increased the price of its bagged cement by 14.4% nationwide and its bulk cement by 17 - 20%. "The increases applied to our products seek to recover part of the inflation that the company has had in its costs," the company explained in a press release.
Javier Fernández, director of the materials distributor Grupo Mecasa, which has a presence in Nuevo León, Coahuila, Tamaulipas and Veracruz, said that the rest of the country's cement companies also raised prices in a similar proportion to Cemex.
Iskitimcement sales rise by a fifth 26 January 2022
Russia: Iskitimcement, part of Siberian Cement, manufactured 1.18Mt of cement in 2021, a 20% rise year-on-year compared to 2020. It said that increase was primarily caused by demand growth. Iskitimcement shipped 0.45Mt of cement to customers by rail and 0.74Mt by road in 2021. Sales of bulk cement grew to 0.95Mt, around 80% of all sales. The manufacturer supplied 86,000t in 1t big bags and 145,000t in paper bags.
Orascom acquires Orascom Trading 26 January 2022
UAE/Egypt: Orascom Construction, a UAE-based engineering and construction contractor, has acquired Orascom Trading, an Egypt based provider of heavy machinery equipment, including equipment for the global cement sector.
National Construction Association of Sri Lanka claims no checks carried out on cement imports 26 January 2022
Sri Lanka: The National Construction Association of Sri Lanka (NCASL) claims that no quality control checks are being conducted on imports of cement. The association says that there are labels printed on cement bags confirming that they were quality checked by the Sri Lanka Standard Institute (SLSI) but that it has no evidence of such checks actually being carried out, according to the Sri Lankan Daily Mirror newspaper. It has asked for the authorities to show evidence that the quality control checks are actually taking place.
Sri Lanka faced a shortage of cement in the autumn of 2021 due to input cost rises, supply chain disruption and negative exchange rates effects. The NCASL reports that most cement imports come from India or Pakistan.
Canada: Lafarge Canada, part of Holcim, has contributed US$100,000 to a conservation effort undertaken in the sensitive Great Lakes region as a partner with the Nature Conservancy of Canada (NCC). In the future Lafarge Canada will provide additional support to enhance the conserved land's biodiversity and educational value.
At US$16m, the NCC's Manitoulin Island acquisition is one of its largest-ever in Ontario. Covering 7608 hectares, the Vidal Bay Forests and Shoreline property connects with adjacent conservation lands to form a protected area of more than 248km2 of forests, wetlands and shoreline, the largest of its kind south of the Canadian Shield in Ontario. Lafarge has a nearby 1640 hectare quarry in Meldrum Bay with two nearby international shipping terminals that service Ontario and the US.
Cementos Argos donates cement for local roads 26 January 2022
Colombia: Cementos Argos has donated 21,500 bags (1075t) of cement to the Mayor's Office of Sogamoso to contribute to the rehabilitation of several main roads in Sogamoso, Boyacá and thus contribute to the improvement of the mobility of the municipality and benefit to more than 30,000 people. The company’s Sogamoso de Argos plant is in the vicinity.
“This donation has been fundamental for us. An acknowledgment, a thank you to Argos,” commented Rigoberto Alfonso, mayor of Sogamoso.
Aliko Dangote is Africa’s richest man….for 11th consecutive year 26 January 2022
Nigeria: Aliko Dangote has retained his position as the richest man in Africa, with a net worth of US$12.1bn for the 11th consecutive year, according to Forbes’ Top 10 List of African Billionaires. The owner of Dangote Cement saw his personal wealth increase by US$1.8bn, or nearly US$5m/day, in 2021, bringing it to US$13.9bn. A major contributing factor was a 30% rise in the share price of Dangote Cement, his most valuable asset. This was due to a surge in housing developments in Nigeria and growth in government infrastructure spending in 2021.
The Forbes list also ranked Abdul Samad Rabiu as the fifth richest African. He founded and chairs Nigeria-based cement producer BUA Group.
Akkerman Cement buys majority stake in Akhangarancement 25 January 2022
Uzbekistan: Russia-based Akkerman Cement has acquired a 98.6% stake in Akhangarancement. Gazprombank provided a loan to the subsidiary of USM to support the deal after previously supporting Akkerman Cement’s acquisition of its Gornozavodsk plant in 2018. Eurocement started selling its majority stake in Akhangarancement in early 2021 prior to its own acquisition by Smikom later in the year. No value for the latest Akkerman Cement deal has been disclosed.
“The investment in Akhangarancement, like all USM investments in Uzbekistan, is primarily aimed at the development of this country, the small homeland of Alisher Usmanov, the main shareholder of USM. All the profit that will be generated here will remain in Uzbekistan and will be directed to the socio-economic development of the republic. We see great potential in this. A growing population, demand for quality new housing, and in the long term support for consumer demand through mortgage lending, all this will contribute to the growth of cement consumption,” said Anton Selyavko, chairman of the board of directors of Akkerman Cement. He added that growth in Uzbekistan might not be easy due to production overcapacity and high levels of imports from Kazakhstan, Kyrgyzstan and Tajikistan but that Akkerman Cement had experience of this from the Russian market.
Founded in 2002 Akkerman Cement was previously known as the South Ural Mining and Processing Company. It operates two integrated cement plants in Russia, at 2.3Mt/yr unit at Novotroitsk and a 2Mt/yr unit at Gornozavodsk, and 12 terminals including sites at Ekaterinburg, Izhevsk, Kazan, Moscow, Orenburg, Perm, Samara, Tumen and Ufa. The company also runs metal and lime divisions. Akhangarancement reportedly started a new 2.5Mt/yr dry process production line in late 2021.
Holcim sells cement business in Northern Ireland for Euro67m 25 January 2022
UK: Holcim has sold its cement business in Northern Ireland to Cookstown Cement for Euro67m. The latter is a newly formed local construction company established by a longstanding business partner of Holcim. It will take control of Holcim’s integrated 0.45Mt/yr Cookstown cement plant.
Miljan Gutovic, Region Head EMEA at Holcim, said, “This divestment advances our ‘Strategy 2025 – Accelerating Green Growth’ with a focus on consolidating our leadership in core markets to become the global leader in innovative and sustainable building solutions. With Cookstown Cement, we are pleased to have found a strategic and trusted owner for the business, better positioned to continue investing in its long term growth. We are delighted about Cookstown Cement’s vision, offering a solid platform for the team to continue to thrive.”
Congo: The Société Nouvelle de Ciment du Congo (SONOCC) plans to resume production at its integrated Louteté plant in Bouenza from 31 January 2022. Plant manager II Xingtao made the announcement during a meeting with Antoine Thomas Nicéphore Fylla Saint Eudes, the Minister of Industrial Development and Promotion of the Private Sector, according to the Central African News Agency.
The minister called for the meeting because reportedly only one of the country’s integrated cement plants, FORSPAK Cement, is currently operational. SONOCC blamed the situation on a mechanical breakdown, the coronavirus pandemic and the slow arrival of an order from France. II Xingtao said that SONOCC was hoping to use limestone from Dangote Cement’s plant at Mfila to help alleviate the situation.
Dangote Cement estimated in October 2021 that the total market for cement in Congo was around 667,000t in the first nine months of the year. Its 1.5Mt/yr integrated plant in Mfila sold 357,000t of cement during the period, a rise of 33% year-on-year.