Displaying items by tag: tourism

India: The Meghalaya government has confirmed that it has no plans to revive the defunct state-owned Mawmluh Cherra Cements (MCCL) plant and is instead exploring options to transform the site into a tourist attraction. Deputy Chief Minister Sniawbhalang Dhar told the Assembly that after years of failed attempts, the state had concluded that MCCL’s revival was no longer feasible. MCCL, originally established as Assam Cement in the 1950s, ceased production in 2020 after mounting losses left it unable to compete with private manufacturers, according to local press. A final attempt in 2022 to secure a joint venture partner also collapsed after three interested firms either withdrew, were disqualified, or declined to proceed. The government has since rolled out a US$11m compensation plan for employees, contractors, suppliers and former workers. The third and final US$3m tranche is reportedly due by 2026 - 2027.

The government is focusing on repurposing the site with revival plans now ruled out. The Sohra area, already a popular tourist destination, is being considered for new projects. Chief Minister Conrad K Sangma previously confirmed that he had been in talks with the Hima of Sohra, a local community group, in August 2023 and that it had ‘expressed enthusiasm’ about working with the government to develop tourism opportunities that would benefit the local economy.

Malaysia: Borneo Cement (Sabah) (BCS) plans to convert its upcoming integrated cement plant in Sabah's Tongod district into a tourist destination once the plant begins operations in May 2025. According to BCS chair Masiung Banah, limestone processing and environmental protection practices could serve as a an ‘attractive package’ for foreign and domestic tourists, according to The Star Malaysia. He said that limestone areas rich in flora and fauna and tropical ecosystems would be maintained without being polluted by factory waste. The plant will also reportedly be made into a research hub for Malaysian universities. It is currently in its first phase of development.

Mexico: The Mexican ambassador to the US is due to make US-based Vulcan Materials an offer of US$390m to sell a 2400 hectare parcel of land in Quintana Roo to the government. The land includes a disused limestone quarry and the Riviera Maya cement terminal, which is currently used by Cemex. The government's Ministry of the Environment ordered the closure of the quarry in May 2022, when it also banned Vulcan Materials from despatching limestone.

Mexican President López Obrador said that Vulcan Materials 'shouldn't reject the offer.' He added "We’ll buy everything from them, we’ll pay immediately and we’ll turn 2000 hectares into a natural protected area. They’ll be able to say "We’re contributing to stopping climate change." And we’ll only keep one part, to carry out an ecotourism development with a cruise ship pier.”

Associated Press News has reported that Vulcan Materials has filed a valuation showing the land to be worth US$1.9bn.

Thailand: Siam Cement Group (SCG) has forecast 10% year-on-year growth in its consolidated sales to US$19.1bn in 2023, from US$17.4bn in 2022. The Bangkok Post newspaper has reported that the group expects sales to rise due to the reopening of the Chinese market and an anticipated growth in Thai domestic tourism.

High value-added goods and services constituted 34% of SCG’s total sales in 2022. The group increased its installed renewable power capacity by 78% to 234MW throughout the year. SCG has planned capital expenditure investments of US$1.22 - 1.53bn in 2023.

SCG president and CEO Roongrote Rangsiyopash said "The economic outlook for 2023 seems to be better than last year, but we will continue to monitor risk factors that may affect our businesses.”

Armenia: The tariff on cement imports has been reduced by 35% to US$22/t, from US$34/t previously, following changes to import rules by the government. Imports of clinker will be subject to no tariffs.

News.am has reported that seven-month cement imports to Armenia rose by 1.7% year-on-year in the period up to 31 August 2022, to 84.7Mt from 83Mt. The cause of the growth is variously the cancellation of an income tax refund on mortgages from 1 July 2022, the increased immigration of Russian citizens into Armenia and the growth of tourism.