Displaying items by tag: GCW702

Fiji: Pacific Cement has suspended its cement production following a mill breakdown.

The Fijian Holdings subsidiary has sent the damaged mill part to Australia for repairs and expects the outage to last for around three months.

Kyrgyzstan: Production of cement grew by 48% in the first two months of 2025 to 0.29Mt, according to the National Statistical Committee. Production in January 2025 was 0.12Mt. This follows a rise in cement imports by over 300% year-on-year in January 2025.

Philippines: The Pacific Cement Corporation (PACEMCO), one of Mindanao's largest cement manufacturers, reopened its plant in Surigao City, Barangay on 21 March 2025. The plant had been closed for 11 years due to financial constraints. The reopening was made possible through investments by San Miguel Corporation (SMC), which aims to revive the plant's operations and boost local economic activity.

John Paul Ang, SMC’s vice chair and CEO, led the inauguration alongside Surigao City Mayor Pablo Yves Dumlao II, Surigao del Norte Governor Robert Lyndon Barbers and Representative Robert Ace Barbers. “PACEMCO was a big part of Surigao's history and one of the region's largest companies. It is a Filipino-owned and controlled cement factory," Ang said.

Mayor Dumlao emphasised the potential of the reopening to create employment and stimulate economic growth, saying "The return of PACEMCO means new opportunities for employment, stronger local enterprise and increased revenue.”

Tunisia: Wan Li, the Chinese Ambassador to Tunisia, has revealed that a ‘Chinese company specialising in the cement sector’ is preparing to acquire a cement plant close to the capital city Tunis. The value of the transaction is reported to be more than US$100m. If completed, it would be the first Chinese investment in Tunisia in the 2020s.

Li said "We are confident that this state-of-the-art company will introduce modern techniques and upgrade the plant's equipment, which will have a positive impact on the environment." He also assured that this acquisition will improve the productivity and efficiency of the cement plant.

Egypt: Misr Cement Group has announced an increase in its financial performance for 2024, reporting a net profit of US$5.4m. This represents a 136% increase year-on-year compared to 2023, when it made just US$2.3m. The company said that its growth underscored its successful cost optimisation, operational efficiency and market expansion policies, despite economic challenges.

Hassan Gabry, managing director and CEO of Misr Cement Group, said “The significant profit increase is a testament to the strength of our strategies and the efficiency of our management. We remain committed to expanding both locally and internationally while reinforcing our leadership in the cement industry across the region.”

Australia/Europe: The European Commission (EC) has approved a deal that will see Heidelberg Materials and Holcim acquire joint control of Australian business BGC Cementitious via their joint venture Cement Australia. BGC Cementitious, the cementitious division of the Buckeridge Group of Companies, is active in the cement, concrete, quarrying, asphalt and transportation sectors. The EC concluded that the planned deal would not hurt competition given the limited impact on the European Economic Area. The transaction includes, among others, the Kwinana Cement plant in Western Australia. Financial details of the deal were not disclosed.

Spain: Cement consumption grew by 8.6% year-on-year across Spain in February 2025 to reach 1.27Mt, around 0.1Mt more than in February 2024, according to the latest data published by the national cement association Oficemen. In the cumulative figures for the first two months of 2025, consumption was 2.4Mt, 0.2Mt (9.4%) higher than the equivalent figures for 2024. Rolling year-on-year data - covering March 2024 to February 2025 - showed consumption of 15.1Mt, a 4.4% increase compared to the year earlier period.

Aniceto Zaragoza, CEO of Oficemen, said “Although it is still early to make assessments, it is significant to note that February 2025 was the highest cement consumption month since 2011. This confirms a certain continuity in the positive trend we experienced at the end of 2024 and which we expected to continue in 2025.”

Cement exports from Spain fell by 15.3% in February 2025 to 0.31Mt, 55,627t less than in February 2024. In rolling year figures, exports fell by 5.1% over the 12-month period, to reach 4.8Mt.

Burkina Faso: Ibrahim Traoré, the President of Burkina Faso, inaugurated the Sino-Burkinabè Industrial Cement Company (CISINOB) in Laongo, Ziniaré on 20 March 2025. The grinding plant has a capacity of 0.75Mt/yr and cost US$43m. The unit will be expanded in a second later stage to reach a capacity of 1.2Mt/yr.

Vietnam: Deputy Prime Minister Tran Hong Ha has given in-principle approval for a port project at Long Son My Xuan in Ba Ria-Vung Tau Province. The US$102m plan includes a 2.3Mt/yr cement grinding plant, according to the Saigon Times Daily newspaper. A 270m-long berth for ships up to 30,000dwt and four 530m berths for vessels up to 7500dwt will also be added.

The People’s Committee of Ba Ria-Vung Tau Province has been assigned to allocate land to the investor in accordance with the approved land use planning, land use plan, and port development master plan, ensuring compliance with land regulations.

Colombia: Grey cement production in Colombia fell by 5.9% year-on-year to 0.95Mt in January 2025. Domestic shipments also fell by 3.0%, reflecting lower demand in the construction market, according to the National Administrative Department of Statistics (DANE).

DANE reported that cumulative production between February 2024 and January 2025 reached 13.3Mt, a 5.7% year-on-year decrease compared to the same period a year previously. Domestic shipments dropped by 12.1Mt. Industry experts warn that these results could impact the pace of construction activity in the country in the coming months.