Displaying items by tag: GCW338

Bolivia: Empresa Publica Productiva Cementos de Bolivia’s (Ecebol) new plant at Caracollo in Oruro is set to open by the end of 2018. Government minister Eugenio Rojas said that the 1.3Mt/yr plant would start testing in September 2018, according to La Jornada newspaper. The project had a budget of US$244m.

Venezuela: A cement plant at Valencia in Carabobo is only using 25% of its production capacity due to a lack of government investments. The plant was nationalised in 2017, according to the El Carabobeno newspaper. Reportedly it is the only plant out of four in the local area that is still operating.

US: Ed Sullivan, the Portland Cement Association’s (PCA) Senior Vice President and Chief Economist says that economic momentum supported by tax reform and federal infrastructure programs will play key roles in the demand for construction in the next few years. Sullivan made his comments at the World of Concrete event in Las Vegas, where he revealed details from his forthcoming spring forecast.

“There is little doubt that the near-term outlook for construction and cement consumption in 2018 and 2019 remains favourable,” said Sullivan. “Strengthening economic conditions, with the addition of fiscal stimulus, and in the context of already low unemployment could awaken inflationary pressures. Down the road, this could lead to an even more stringent monetary policy, leading to an acceleration in interest rate increases and an eventual cooling of construction markets. If this scenario plays out, it will likely take time to gestate and not materialise to a significant degree until after 2019.”

Sullivan noted the strong economy comes in context of continued strain to find skilled workers, including those needed for construction projects. Weather conditions and other economic factors prompted PCA to revise its 2017 Fall Forecast down slightly, though it says that its ‘fundamental’ assessments pertaining to the economy, construction markets, and cement consumption remain on target.

The PCA Spring Forecast will be released in early March 2018.

Belarus: The Belarusian Cement Company increased its exports of cement by 42.6% year-on-year to 1.4Mt/yr in 2017. The exported cement had a value of US$682.m, according to the Belarusian Telegraph Agency. The company has attributed the rise on an efficiency drive that it says has reduced the cost of production by 50%. The company mainly exports to the Commonwealth of Independent States region but it has started selling its product in parts of the European Union, including Poland and Latvia. It plans to increases its exports by 4% in 2018, partly by introducing 35kg bags.

Ukraine: Cement production rose by 2.3% year-on-year to 9.3Mt in 2017. In 2016 it rose by 7.1% to 9.1Mt, according to the Ukrainian News Agency. Despite the growth in 2017 production fell slightly in December 2017. 15 companies produce cement in the country with a total production capacity of 25Mt/yr.

Spain: LafargeHolcim’s subsidiary Holcim España invested over Euro2m in its cement plant at Jerez during 2017. The work included environmental improvements, changes to the despatch areas and health and safety upgrades such as fire detection systems in its fuels storage zones. The plant also introduced a sulphate-resistant cement product (CEM IV/A (V) 42,5 R/SR) in May 2017 targeted for marine applications.

Italy: Legal firm Eversheds Sutherland has suspended a Euro1.8m fine imposed by the Italian Competition Authority on Calme. Fines were made to a number of Italian cement producers in August 2017, according to the Il Sole 24 Ore newspaper. They were in relation to allegations of price fixing and market share coordination between 2011 and 2016.