Displaying items by tag: GCW385

Barbados: The Caribbean Court Of Justice has ruled in favour of Trinidad Cement on maintaining a 60% tariff on imports of cement. The subsidiary of Mexico’s Cemex and its own subsidiary Arawak Cement complained that import company Rock Hard Cement was only being taxed by 5%, according to the Nation News newspaper. However, the case will continue as the ruling only refers to hydraulic cement. It is unclear what classification of cement that Rock Hard Cement is importing.

India: Emami Cement has been granted permission by the National Company Law Tribunal (NCLT) to demerge its solar power assets. The cement producer has decided to focus on its core business, according to the Daily News and Analysis newspaper. The solar business part of the cement producer operates a 10MW plant at Gujarat Solar Park in Patan, Gujarat and a 3MW plant at Perunali in Tamil Nadu. The subsidiary of Emami Group will eventually be consolidated into sister company Emami Power.

Bolivia: The Potosí cement plant being built by Empresa Publica Productiva Cementos de Bolivia (ECEBOL) hopes to produce its first cement bag by December 2019. Work on the plant is over half-complete, according to the El Potosí newspaper. Construction work on the main platform of the preheater tower is continuing and civil engineering work on the mill has been completed. Most of the equipment for the project has been supplied. The plant is being built by Sociedad Accidental Imasa Polysius, a joint venture created by Polysius and Imasa. The US$240m unit will have a production capacity of 1.3Mt/yr when finished.

Spain: Cementos Portland Valderrivas’ (CPV) Alcalá de Guadaíra plant has awarded first place in its children’s painting competition to Eva María Gómez, a student at the nearby CEIP Ángeles Martín Mateo primary school. The student depicted the daily work conducted at the plant in vibrant colours. Second place went to Lucía López from the same school. Special mention was also made to Ainhoa Manzano. The competition was run with the Andalusian Foundation for Cement and Environment (FLACEMA).

US: Aggregate Industries, a US subsidiary of LafargeHolcim, has secured the contract to provide concrete for the US$2bn Minneapolis-area Southwest Light Rail Transit (LRT) extension of the Metro Green Line. The new line will run 14.5 miles from downtown Minneapolis to the suburb of Eden Prairie, Minnesota, and require construction of 16 new stations, plus the rail infrastructure itself. The project will require an estimated 0.30Mm³ of ready-mix concrete. It includes the construction of 44 structures, 29 new bridges, two cut and cover tunnels, six pedestrian tunnels, 15 at-grade crossings, 110 retaining walls and over 45,000m of track.

Philippines: The Philippine Cement Importers Association (PCIA) has warned of a slowdown in the construction sector due to an investigation in tariffs started by the Department of Trade and Industry (DTI) in September 2018. The association says that several importers are ‘wary’ and have stopped imports, according to Philippine Daily Inquirer newspaper. Napoleon Co, president of the PCIA, said that although local cement producers have started building new plants it will take three or four years for these to start production. In the meantime, he argued, importers are required to meet market demand. He added that import tariffs on cement would also add costs to end consumers.

India: Germany’s Gebr. Pfeiffer has hosted a customer event for the Indian cement industry at Gurugram near New Delhi. The two-day event in late November 2018 consisted of specialist talks on mineral processing. The equipment producer covered 3D system design, optimising grinding processes, after sales service strategies and other industrial sectors that intersect with the cement industry.

China: Russia’s Mechel says it has prolonged a coal supply contract with Jidong Cement until the end of 2019. The mining and steel company will supply 2Mt/yr of thermal coal mined at the company’s Elga and Yakutugol mines in South Yakutia. Monthly supplies will vary from 100,000 to 150,000t of coal products. Prices will be adjusted on a monthly basis following negotiations and on the basis of index rates.

“This is a third major contract signed by Mechel and Jidong Cement. I am sure that our ties will continue to develop in a constructive manner in the future. It is also important to note that Jidong Cement is a key customer of Elga’s thermal coal in Asia. In 2017 we supplied our Chinese partners with 1.9Mt and another 1.4Mt in 2018. In 2019 we plan to export thermal coal from Elga in comparable volumes,” said Mechel Mining Management’s chief executive officer (CEO) Pavel Shtark.

India: Prime Minister Narendra Modi says he wants to reduce the rate of the Goods and Services Tax (GST) on regular items, including cement, to 18% from 28%. A proposal to reduce the rate will be considered by the GST Council in late December 2018, according to the Economic Times. Luxury items are likely to remain in the higher tax bracket.

Pakistan: Two contract workers at Lucky Cement’s plant in Pezu, Khyber-Pakhtunkhwa province have been killed in a gun attacked on a bus. A third worker was wounded in the incident, according to the Dawn newspaper. Local police are searching for the killers.