Displaying items by tag: GCW441

India: The government of Andhra Pradesh terminated JC Company subsidiary Trishul Cement’s limestone extraction lease of an area in Konappalapadu, Ananthapurama District, which had previously been extended for five years in 2015, for the company’s failure to establish an integrated cement plant in the area. The state-government also revoked a 20-year lease granted in mid-2007 of a plot of land for a cement plant on which no work had been undertaken. Hans India News has reported that JC Company has dissolved Trishul Cements by incorporation.

Mexico: Cemex has announced that it is currently helping 45,000 young people across 11 countries to improve their employability through such initiatives as its New Employment Opportunities (NEO) initiative, which provides industry training to disadvantaged Caribbean and Latin American youths. The company says it aims to positively impact more than 65,000 youngsters by 2022 through its initiatives including awards programmes and volunteering schemes and its partnership with the Global Alliance for Youth (All4YOUth), through which it aims to promote skills.

Togo: Germany’s Intercem Engineering has been awarded a contract by CimMetal Group to build a 2.5Mt/yr cement grinding plant in Lomé. The opening ceremony for the project is expected to take place soon and production is scheduled to start in early 2021. No value for the order has been disclosed.

The order includes a 1000t/hr truck unloading station, a 25,000t/hr storage facility for additives, a 1000t/hr truck loading station, two 50,000t clinker silos, four packing machines, eight truck loading stations, 10 truck scales and the corresponding laboratory equipment. The steel construction, the entire sheet metal fabrication, the subsystems, the electrical equipment, the complete engineering, the supervision of erection and commissioning are also included in the scope of supply and services. All of the equipment will be supplied by European manufacturers. All material conveyors have a capacity of 1200t/hr and are installed in a closed gallery to ensure dust-free transport. This was planned because of the location in the immediate vicinity of the port in Lomé.

India: Wonder Cement has launched a new 2Mt/yr grinding plant at Badnawar in Madhya Pradesh. It follows the company’s first grinding plant at Dhule in Maharashtra that was launched in mid-2018, according to the Pioneer newspaper. The cement producer plans to open a third grinding plant at Jhajjar in Haryana to reach a combined production capacity of 13Mt/yr in 2020. The new grinding units have a cost of US$112m.

US: National Cement has broken ground on its US$250m upgrade to the Ragland plant in Alabama. City, county and state officials attended the ceremony, according to WBRC. The subsidiary of France’s Vicat is building a second kiln at its 1.9Mt/yr plant in Alabama. The project is expected to be completed in 2022.

India: Dalmia Cement (Bharat) has started producing oil well cement at its Khelrihat plant in Meghalaya. The subsidiary of Dalmia Bharat says that it is cement manufacturer to obtain a license for manufacturing oil well cement in the north east region of the country from the American Petroleum Institute (API) and the Bureau of Indian Standards (BIS), according to the Economic Times newspaper. This new unit it intended to serve markets in Assam, Tripura and Mizoram, Myanmar and Bangladesh. Dalmia Bharat has been producing oil well cement at its Dalmiapuram plant in Tamil Nadu since the mid-1980s.

Australia: The Australian Competition and Consumer Commission (ACCC) says that Barro Group’s acquisition of a 43% stake in Adelaide Brighton will not ‘substantially’ lessen competition. The ACCC examined the completed acquisition closely because the two vertically integrated companies have overlap in the market for the supply of cement, ready-mixed concrete and aggregates.

It found Barro and Adelaide Brighton will continue to face competition from Boral, Holcim and Hanson, three large vertically integrated competitors with national operations, along with a number of smaller independent competitors. The ACCC looked at competition impacts on the pre-mixed concrete and aggregates markets in Melbourne, Brisbane and Townsville, where Barro and Adelaide Brighton’s operations overlap and did not identify any areas of concern.

Barro did not seek informal merger clearance from the ACCC prior to acquiring Adelaide Brighton. However, the ACCC says it may reopen its investigation if it receives further information that alters its current conclusions.

Pakistan: Lucky Cement’s sales and profits have fallen in the first half of its financial year as gas, fuel and transportation costs of input materials have risen. Its sales fell by 11% year-on-year to US$201m in the six months to 31 December 2019 from US$226m in the same period in 2018. Its cement sales volumes dropped by 9.5% to 3.17Mt from 3.50Mt. Its profit after taxation more than halved to US$12.5m from US$35.6m. It also blamed lower sales volumes on price pressure due to low demand and higher transport and logistics costs.

The cement producer started operating a 2.8Mt/yr upgrade to its Pezu plant in Khyber Pakhtunkhwa at the end of December 2019. Construction work on a new 1.2Mt/yr plant in Samawah in Iraq is underway, with contracts in place for a cement grinding mill, packing plant and power generation unit. The new plant is expected to start commercial production in late 2020.

Ghana: Carlos Ahenkorah, Deputy Minister of Trade and Industry, says that government is considering a temporary block on imports on cement. However, he added the catch that it would only do this if local producers could ensure ‘fair’ pricing, according to the News Statesman newspaper. He made the comments at an award dinner organised by CIMAF.

Mexico: Grupo Cementos de Chihuahua (GCC) says it will commit to setting greenhouse gas reduction targets in line with climate science by joining the Science Based Targets initiative (SBTI). GCC will set science-based emission reduction targets in line with the level of decarbonisation required to keep global temperature increase well-below 2°C compared to pre-industrial temperatures, as described in the latest Special Report of the Intergovernmental Panel on Climate Change (IPCC).

“By joining the SBTI, GCC will ensure that the company´s low-carbon transformation is aligned with climate science and is a further reflection of our unwavering commitment to implement global best practices related to sustainability,” said Enrique Escalante, GCC´s chief executive officer (CEO).