September 2024
Oman Cement opens bids for new production line at Rusayl plant line 22 December 2021
Oman: Oman Cement Company has invited contractors to submit bids for work at its integrated Rusayl plant. It wants to build a new 10,000t/day production line (Line 4) and upgrade an existing line (Line 3) to 5000t/day from 4000t/day. The plans were originally released in September 2021. The company also intends to shut down Lines 1 and 2 once work is completed.
It was previously reported in October 2021 that the cement producer was spending US$300m on the project and that it had hired Switzerland-based PEG Resources. At this time the project had a commissioning date of 2024.
State Bank of India acquires JSW Cement minority stake for US$13.2m 22 December 2021
India: State Bank of India (SBI) has acquired a minority stake in JSW Cement with worth US$13.2m. The bank acquired the stake as compulsorily convertible preference shares. JSW Cement plans to add the capital infusion to its on-going investments in a planned 79% expansion of its total capacity to 25Mt from 14Mt.
India: UltraTech Cement has announced its decision to temporarily suspend production at its Awarpur cement plant in Maharashtra after it became impossible to operate the plant due to the activities of sit-in protestors. The Times of India newspaper has reported that informal union Vijay Kranti Kantrati Kamgar Sanghatna (VKKKS) organised sit-ins at all five cement plants in Chandrapur district. The organisation is protesting workers’ pay.
Cemex signs service deal with HCL Technologies 22 December 2021
Mexico: Cemex has signed a five-year agreement with India-based HCL Technologies for information technology (IT) services related to employee services, increased automation and analytics. HCL will work on IT managed services, infrastructure and application services and end-user support. It will also collaborate with Neoris, a subsidiary of Cemex, on customer services and supply chain resiliency. HCL will use its DryICE and Software products, along with various other automation products.
“Cemex selected HCL Technologies because we have a vision of working smarter to cater to the global company’s fast-growing operations,” said Fausto Sosa, vice president of Information Technology of Cemex.
Taiwan Cement chair pessimistic about Chinese market 22 December 2021
Taiwan: Zhang Anping, the chair of Taiwan Cement, has expressed doubts about the strength of the Chinese market in the short term. Whilst being interviewed by the state-owned Central News Agency at a community event, he said that increased raw material and energy prices looked set to remain high until at least mid-2022. The price of coal in China had more than tripled in 2021 before easing somewhat. He also raised the risks of growing global market uncertainty from an anticipated rise in interest rates in the US by the Federal Reserve and the spread of the Omicron variant of Covid-19.
Holcim Philippines signs collective bargaining deal with union 22 December 2021
Philippines: Holcim Philippines has signed a collective bargaining agreement (CBA) with the union at its Norzagaray cement plant in Bulacan. Under the agreement employees have pledged to support the company’s efforts to drive performance. The CBA is effective until 2026 with the economic provisions in the third and fourth year of the deal open to renegotiation by 2024.
Horia Adrian, the president and chief executive officer of Holcim Philippines, said “Bulacan made tremendous operational and sustainability improvements this year due to the hard work and dedication of its people including members of Holcim Philippines Employees Association (HPEA). With this CBA’s closing, we can refocus on further transforming our Bulacan plant into one of the best sites in the Holcim Group and the country. My sincerest thanks to HPEA for your support and the sustained dialogue that allowed us to finalise this agreement.”
Australia: Boral says that its emissions reduction targets have been approved by the Science Based Targets Initiative (SBTi) as being consistent with the levels required to meet the goals of the Paris Agreement. Boral released its targets in August 2021 when it said it intends to reach net-zero emissions by no later than 2050. It subsequently joined the SBTi’s Business Ambition for 1.5°C and the United Nations Framework Convention on Climate Change Race to Zero campaign.
The Australia-based building materials company plans to reduce its Scope One and Two emissions by 46% by 2030. It also plans to decrease its relevant Scope Three emissions per tonne of cementitious materials by 22%. It intends to do this by: transitioning to 100% renewable electricity by 2025 and increasing alternative fuels usage at its Berrima plant kiln; growing the proportion of revenue from its lower carbon concrete product range and optimising the efficiency of its cement plant; reducing transport emissions in its own and contractor fleet; prioritising lower carbon intensity suppliers; and exploring and testing emerging carbon capture use and storage technologies.
Boral’s Chief Finance and Strategy Officer, Tino La Spina, said “Boral is determined to become a leading innovator in sustainability through decarbonisation of cement and concrete and increasing our contribution to a more circular economy” He added “We continue to support our customers in their transition to net zero, broadening our range of high performing lower carbon concrete products to cater for all building and infrastructure applications, and offering Climate Active−certified net carbon neutral concrete.”
Cementos Argos to expand Piedras Azules cement plant 21 December 2021
Honduras: Cementos Argos plans to expand the production capacity of its 1Mt/yr Piedras Azules cement plant by 35%. The plan is part of a group of planned projects, including solar power and alternative fuels, with a total investment value of US$23m. The company expects to complete all of the work before 2024. It says that the expanded operations will generate 500 new direct job opportunities.
The company will increase its energy supply from the Comayagua solar power plant to 25% of the plant’s requirements from 20% at present. It will also establish a new 1.2MW solar power plant at Río Blanquito. The cement producer will also strengthen its industrial waste co-processing operations with the aim of achieving 12% refuse-derived fuel (RDF) substitution rate by 2030, the equivalent of 5500t/yr. If reached, this will reduce the company’s carbon footprint in the country by 14%.
Chief executive officer (CEO) Luis Eduardo Tovar said "This investment is a vote of confidence of Argos in Honduras and represents our commitment to the country's economic reactivation and our firm determination to contribute to the consolidation of prosperous and sustainable communities based on competitive and visionary initiatives.” He continued “We will continue our efforts to promote the development of Honduran families through the creation of social value at a national level."
Mexico: Cemex has joined the United Nations (UN) Global Compact’s Chief CFO Taskforce for the Sustainable Development Goals. The taskforce engages global chief finance officers (CFOs) in integrating the UN’s 10 sustainable development goals (SDG) into strategy, financing and investor relations in order to create a broad sustainable finance market. Its aims include providing the global development community with a modern view of how capital markets can contribute to financing the SDGs at scale, developing innovative financial instruments and contributing to a broad market of diversified investment opportunities, supporting companies in securing financial capital to transform their business and production models, connecting companies’ SDG investments with increasingly impact-orientated investors, developing internal tools and resources to embed sustainability in corporate finance, promoting partnerships between chief executive officers and CFOs and helping to translate sustainability strategies into financial language for investors and rating agencies.
Cemex’s CFO Maher Al-Haffar said “Climate change is perhaps the biggest challenge of our times, affecting lives and disrupting economies. Only by aligning our financial and climate action strategies will we be able to overcome this challenge.” He added “At Cemex, we share the beliefs embodied in the CFO principles and are honoured to join the UN Global Compact CFO Taskforce for the SDGs, through which we will actively contribute to the innovation of corporate finance that will enable the building of a more resilient future for all.”
Keralan state government to double cement capacity by 2024 21 December 2021
India: The government of Kerala says that it will double the total cement production capacity in the state to 14.4Mt from 7.2Mt before 2024. The Times of India newspaper has reported that Industries Minister Pinarayi Rajeev told Keralans that the state government would build a grinding plant at Kinfra in Kannur’s Mattanur district and a blending plant at Kochi Port Trust. Commissioning of both projects is planned by the end of 2023. A second phase of the plan will see additional grinding plants established.