Displaying items by tag: GCW426

Tunisia: Carthage Cement has announced a general improvement in its financial indicators as it forecast a gross operating income of US$25m for 2019. This would represent a 123% improvement from US$11.2m in 2018. Ibrahim Sana, Carthage Cement’s CEO anticipates a gross operating income as high as US$55m in 2023, with a targeted turnover of US$140m.

The company also announced a 0.1Mt export contract for cement to be sent to Spain.

Georgia: Oman’s Raysut Cement is set to start building a new 2Mt/yr integrated cement plant near Tbilisi with an investment of US$200m. Raysut Cement’s subsidiary Pioneer Cement is managing the project. It owns a concession to a limestone mine in the country that will be used to support the proposed plant. Construction work at the site is scheduled to start in mid-November 2019.

Ukraine: Antidumping duties on clinker and Ordinary Portland Cement (OPC) from Russia, Belarus and Moldova introduced by Ukraine in mid-2019 have benefitted local producers. Mykola Kruts, the chairman of the board of Ivano-Frankivskcement, said that his company has been operating at a 90% capacity utilisation rate, according to Interfax-Ukraine.

Morocco: Cement deliveries by members of the l'Association Professionnelle des Cimentiers (APC) grew by 2% year-on-year to 10Mt in the first nine months of 2019 from 9.8Mt in the same period in 2018. The growth was driven by building construction, according to Médias 24. However, cement used by the infrastructure segment fell by 15% in the reporting period.

Pakistan: Gharibwal Cement has blamed reduced exports due to tensions on the Pakistan-Indian border and rising input costs for a reduction in its sales. Its net sales fell by 3% year-on-year to US$72.3m in the year to 30 June 2019 from US$74.5m in the same period in 2018. Its cement dispatches fell by 11.4% to 1.68Mt from 1.89Mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 6.5% to US$18.7m from US$20m.

The cement producer said that work on a new 0.15Mt clinker silo is in progress and this is expected to be completed by June 2020. It is also building a rainwater reservoir to capture precipitation for use in the production process. The company operates a 2.1Mt/yr integrated plant at Ismailwal in Punjab Province.

Pakistan: Pioneer Cement’s sales fell by 4% year-on-year to US$62m in the year to 30 June 2019 from US$64.5m in the same period in 2018. Its costs and expenses grew by 7% to US$3.4m from US$3.2m. Its profit after taxation halved to US$5m from US$10.5m. The cement producer operates a 2Mt/yr integrated plant at Chenki in Punjab Province.

Costa Rica: The government plans to approve legislation charging a 5% tax on both locally produced and imported cement by the end of December 2019. The new rules will standardise existing laws that have only been applicable to the provinces of Cartago, San José and Guanacaste so far, according to the La Republica newspaper. The previous system was only being levied on two of the three cement companies with a presence in the country based on the location of their operations.

UK: The Global Cement and Concrete Association (GCCA) has launched the GCCA Industry EPD Tool (Version 2.0) to support the publication of environmental product declarations (EPDs) by cement and concrete producers. Originally commissioned by the World Business Council for Sustainable Development Cement Sustainability Initiative, the new GCCA Industry EPD Tool includes the latest database of energy impacts from cement production from across the world, supporting the output of more accurate EPD data. The GCCA is making the tool available to all producers and organisations in the cement and concrete industry to increase availability to designers and clients of EPDs to support the sector deliver a sustainable built environment.

“We are committed to supporting the cement and concrete industry to reduce its environmental impact and support global sustainability goals. With the launch of the new EPD Tool, we are enabling the industry and its customers to better quantify and verify the life cycle environmental impact of existing products and to develop lower-impact products in the future,” said Andrew Minson, GCCA Concrete and Sustainable Construction Director.

The GCCA Industry EPD Tool has been developed by Quantis, verified by Studio Fieschi, and the GCCA says it is the first industry tool in the International EPD System. It is based on internationally recognised standards and product category rules.

India: LafargeHolcim and HeidelbergCement have joined a bidding war for Emami Cement. LafargeHolcim is reported to have submitted an expression of interest via its subsidiary Ambuja Cement, according to the Hindu newspaper. HeidelbergCement has submitted its bids through HeidelbergCement India. Emami Cement has an expected value of around US$845m. Nuvoco Vistas Corporation, Shree Cement and Dalmia Bharat have also been linked to the sale.

Emami Cement operates a 2.5Mt/yr integrated plant at Risda in Chhattisgarh and a 2.5Mt/yr grinding plant at Panagarh in West Bengal. It acquired a 0.6Mt/yr grinding plant at Bhabua, Bihar in September 2018. In addition, the firm has mining assets in Guntur in Andhra Pradesh and near Jaipur in Rajasthan. Its main markets are in West Bengal, Chhattisgarh, Odisha, Jharkhand, Bihar, Maharashtra and Madhya Pradesh. It markets its products under the Double Bull brand.

Democratic Republic of the Congo: The government has decided to resume the construction of the Maiko cement plant in Kisangani. Work on the project had been stalled, according to Radio Okapi. Industry Minister Julien Paluku said that contacts are already underway with a new partner to continue the work on the unit. Work on the 1Mt/yr plant started in 2007 with an investment of US$250m. China’s Satarem Hong Kong was previously linked to the project as an investor.