Displaying items by tag: GCW491

Brazil: Companhia Siderurgica Nacional (CSN) subsidiary CSN Cimentos began operating as an independent company on 1 February 2021. The Valor Economico newspaper has reported that the move is a preliminary to a likely future initial public offering (IPO) in the near-term although no date has been set yet. Under the same strategy, sister company CSN Mineracao is due to launch its IPO of US$1bn on 18 February 2021.

The 4.7Mt/yr-cement capacity producer operates two integrated plants and it is planning an 8.6Mt/yr expansion consisting of an upgrade to its Arcos plant and three new cement plants at Para, Parana and Sergipe respectively.

Brazil: Votorantim Cimentos is testing using dissolvable cement bags in a pilot project with paper and bag manufacturer Klabin. Following development, the new bag type will be tested in a pilot project in the south of the country based around the Rio Branco do Sul cement plant in Paraná state. The bags can be dissolved directly in a mixer when making concrete to speed up the process.

Russia: Eurocement has won a tender to supply up to 150,000t of cement to PIK Group. Its Voronezh and Mikhailovcement plants will supply CEM I and CEM II products respectively. PIK Group is one of the largest residential building companies in Russia. Eurocement said that the contract is one of the largest direct contracts it has signed and that it would ensure production in the first half of 2021.

Russia: Siberian Cement produced 4.6Mt in 2020 from its five plants, a decline of 4.7% year-on-year. Notably, its integrated Krasnoyarsk cement plant managed to increase production by 3% to 0.63Mt. Majority owned subsidiaries, Iskitimcement and Angarskcement, officially became part of Siberian Cement in mid-June 2020. The group currently reports it has a production capacity of 9Mt/yr.

Japan: Sumitomo Osaka Cement has been declared eligible for the Development Bank of Japan’s (DBJ) Environmental Rating loan program for the second time. The scheme offers preferential interest rates to companies scoring highly in environmental management based on the bank’s screening system. The cement producer says it obtained the ranking through its promotion of energy saving, waste recycling and greenhouse emission reduction targets for 2030 and 2050 in its business strategy.

Uganda: Hima Cement has introduced Kafluu, a chatbot-led initiative that lets customers order products via WhatsApp. The subsidiary of LafargeHolcim says that customers can use the platform 24 hours a day, 7 days a week to manage their orders and transactions. The automated chatbot software guides customers through the ordering process, gathering specifics like the product type, number of bags, delivery site and payment options. Payment is available via MTN MoMo Pay or bank transfer.

“We are always looking to improve the customer experience and Kafluu is able to respond quickly and effectively, enabling customers to place orders, make payments and input their delivery information with ease,” says Israel Tinkasimiire, the Hima Cement Sales Director.

The initiative is being piloted in Mbarara first before rollout in the rest of the country.

France: Mexico-based Cemex has sold 24 concrete plants and an aggregates quarry in southeast France to Switzerland-based LafargeHolcim. Finalisation of the deal is expected in April 2021 and no approval by competition bodies is required. No value for the sale has been disclosed. The group said that the divestment is part of its strategy of focused portfolio development into high-growth markets.

France: LafargeHolcim subsidiary Lafarge France has completed the renovation of its 70m³/hr Larrieu concrete plant in Toulouse, Haute-Garonne Department. The renovated facility is equipped with six cement silos, two of which are dedicated to low-carbon cements for the production of ECOPact low-carbon concrete. It also has eight aggregate hoppers, including one dedicated to recycled concrete aggregates, and two mixer loading stations with forward truck access for safety. The total cost of the upgrade was Euro3m.

Haute-Garonne sector head Vincent Pelloquin praised the project’s speed and ability to rebuild the concrete plant in the middle of the coronavirus pandemic.

Lafarge France is presently engaged in a systematic modernisation of its concrete plants.

Pakistan: Lucky Cement plans to further upgrade its integrated Pezu plant following strong results in the first half of its financial year. It intends to increase the production capacity at the unit by 3.15Mt/yr. The cost of the project will be announced following the conclusion of negotiations with suppliers. Work is expected to start in 2021 and be completed in 2023.

The cement producer recorded sales of US$188m in the first half of its 2021 financial year (1 July 2020 – 30 June 2021), up by 42% year-on-year from US$132m in the first half of its 2020 financial year. Cement and clinker sales volumes grew by 36% to 5Mt from 3.7Mt. Its profit after tax more than doubled to US$28.3m from US$12.1m. It attributed this to higher production capacity at its Pezu plant as well as higher demand in the market generally.

Lucky Cement also reported that its new 1.2Mt/yr integrated plant at Samawah in Iraq started its kiln in the first week of January 2021 and trial production started in mid-January 2021. Commercial production is scheduled to start in February 2021.

India: Shree Cement has recorded consolidated net sales of US$1.27bn in the first nine months of its 2021 financial year (1 April 2020 – 31 March 2021), down by 2% year-on-year from US$1.29bn in the corresponding period of its 2019 financial year. The group’s net profit increased by 52% to US$204m from US$138m.

The company is currently working on a 6Mt/yr addition to its grinding capacity, consisting of two new grinding plants, in Athagarh Tehsil, Odisha, and Patas, Maharashtra. The facilities had been scheduled for completion in the first half of the 2021 financial year.