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20 November 2018

Cemex Philippines facing legal action over landslides in Naga

Philippines: Cemex Philippines is facing legal action in relation to the quarry operations of its subsidiary in Naga following a landslide that killed nearly 80 people in September 2018. It said that it had received a summons order for the class suit along with its subsidiary APO Cement, according to the BusinessWorld newspaper. The defendants also include APO Land & Quarry, the Mines and Geosciences Bureau Regional Office VII, the City Government of Naga and the Province of Cebu. The lawsuit is attempting to seek damages of up to US$80m on environmental grounds on relation to the quarry.

Published in Global Cement News
Tagged under
  • Philippines
  • Cemex Philippines
  • Legal
  • Quarry
  • APO Cement
  • APO Land & Quarry
  • Government
  • GCW380
19 November 2018

Gas supplier ordered not to raise price for Lucky Cement

Pakistan: The Peshawar High Court has temporarily ordered Sui Northern Gas Pipelines (SNGP) not to charge Lucky Cement a higher price for gas. The cement producer took legal action against the supplier, the Oil and Gas Regulatory Authority (OGRA) and the Ministry of Energy following a price increase of 142% in October 2018, according to the Dawn newspaper. The court has asked OGRA to respond to questions about the price rise. Lawyers on behalf of the Lucky Cement argue that the increase in the cost of gas was taken without following the normal legal requirements.

Published in Global Cement News
Tagged under
  • Pakistan
  • Lucky Cement
  • Gas
  • Government
  • Price
  • Sui Northern Gas Pipelines
  • Oil & Gas Regulatory Authority
  • Ministry of Energy
  • Legal
  • GCW380
19 November 2018

Cementos Melon expands Puerto Montt grinding plant

Chile: Cementos Melon has completed a US$25m upgrade to its Puerto Montt grinding plant. The expansion has doubled its production capacity to 0.6Mt/yr from 0.3Mt/yr, according to the Diario Financiero. The project is intended to meet growing demand for cement in the south of the country.

Published in Global Cement News
Tagged under
  • Chile
  • Cementos Melon
  • grinding plant
  • Upgrade
  • GCW380
19 November 2018

Quebec government approached about equity-debt swap in McInnis Cement

Canada: Quebec's Ministry of Economy and Innovation has confirmed that it has received a request from the shareholders of McInnis Cement to swap the debt the province holds in the venture for equity. A request has been made to the ministry and to Investissement Québec, the provincial government's investment arm, to convert almost US$200m of debt into shares in the cement producer, according to the Globe and Mail newspaper. The newspaper speculates that an arrangement of this kind could be part of a potential deal with creditors to reduce the company’s liabilities and enable it to continue to operate.

McInnis Cement’s plant at Port-Daniel–Gascons was inaugurated in mid-2017. Construction at the site started in mid-2014. However, cost overruns saw the government-backed project delayed and then taken over by an investor, the Caisse de dépôt et placement du Québec (CDPQ), a pension and insurance fund manager. The CDPQ was reportedly considering options including selling the plant or securing more investment in early 2018. Three bids were made for the cement producer but were rejected as being too low, according to reporting by the Globe and Mail. Interested parties in the company included Germany’s HeidelbergCement.

Published in Global Cement News
Tagged under
  • Canada
  • Quebec
  • Government
  • Ministry of Economy & Innovation
  • McInnis Cement
  • Plant
  • Shares
  • Debts
  • Investissement Québec
  • Caisse de dépôt et placement du Québec
  • HeidelbergCement
  • Bid
  • GCW380
19 November 2018

Holcim El Salvador receives nod from environmental ministry

El Salvador: Holcim El Salvador has received a ‘Special Mention’ from the Ministry of Environment and Natural Resources as part of the 2018 National Environment Awards, according to the El Mundo newspaper. It won the recognition for its environmental strategy, including efforts to recover and manage eco-systems around its quarries in Metapan.

Published in Global Cement News
Tagged under
  • El Salvador
  • Holcim El Salvador
  • LafargeHolcim
  • Government
  • Award
  • GCW380
19 November 2018

EAPCC described as insolvent by Auditor-General

Kenya: Edward Ouko, the Auditor-General, has described the East Africa Portland Cement Company (EAPCC) as insolvent because it cannot pay its debts. The cement producer made an operating loss of US$34m in its financial year that ended on 30 June 2018, according to the Standard newspaper. Its revenue fell by 25% year-on-year to US$50m. The company said it devised a new strategy to focus distribution on it own depots and to compete on pricing to counteract a lack of distribution of its products in common retail stores.

Published in Global Cement News
Tagged under
  • Kenya
  • East Africa Portland Cement
  • East African Portland Cement Company
  • Results
  • Government
  • GCW380
19 November 2018

Nigerian government looks into complaints about quarry at Lafarge Africa’s Ewekoro plant

Nigeria: The Federal Government says it is investigating complaints from residents at Akinbo village near to the quarry of Lafarge Africa’s Ewekoro cement plant in Ogun State. Local residents have complained about breeches of local environmental legislation at the site, according to the Vanguard newspaper. Adegboyega Salam, the Director of Mines Environmental Compliance Department from the Federal Ministry of Mines and Steel Development, said that the issue was related to relocation of the community. He added that he had asked Lafarge Africa for comment. The dispute relates to an agreement between the cement producer and the local community in 2012.

Published in Global Cement News
Tagged under
  • Nigeria
  • Lafarge Africa
  • LafargeHolcim
  • Environment
  • Government
  • community
  • GCW380
19 November 2018

Ghorahi Cement lauded for tax return

Nepal: Ghorahi Cement has been praised by the Inland Revenue Department for paying one of the highest amount of value added tax (VAT) in the country in the 2017 – 2018 financial year, according to the Himalayan Times. The cement producer was awarded the accolade as part of the seventh National Tax Day.

Published in Global Cement News
Tagged under
  • Nepal
  • Ghorahi Cement
  • Tax
  • Government
  • GCW380
16 November 2018

Portland Cement Association forecasts ebbing growth in 2019 and 2020

US: The Portland Cement Association (PCA) forecasts that cement consumption growth will drop to 2.6% in 2019 and 1.6% in 2020. This compares to 2.9% in 2018. The PCA’s Market Intelligence Group has blamed the softening on rising interest rates, local financial problems at the state level and a general end to the recovery period following the financial crash in 2008.

“We are expecting relatively modest but sustained interest rate increases after 10 years of low and stable rates,” said PCA Senior Vice President and Chief Economist Ed Sullivan. “The Federal Reserve’s actions will gradually slow the construction sector’s growth due to, among other things, the higher mortgage rates for residential buildings and higher borrowing cost for non-residential buildings.” He added that tax cuts passed at the end of 2017 had boosted the overall economy but that rising debt levels was likely to frame the discussion of future federal public infrastructure spending.

Published in Global Cement News
Tagged under
  • US
  • Portland Cement Association
  • Forecast
  • GCW380
16 November 2018

Cemento Regional buys modular grinding plant from Cemengal for project in El Salvador

El Salvador: Guatamala’s Cemento Regional has ordered a Plug&Grind modular grinding unit for a project in El Salvador. The project includes a Plug&Grind Classic, a modular packaging and palletising system, raw material and cement storage halls and silos for bulk dispatching. The new unit is scheduled to be commissioned in the first half of 2019. It will have a production capacity of 12t/hr.

Published in Global Cement News
Tagged under
  • El Salvador
  • Cemento Regional
  • Order
  • Cemengal
  • grinding plant
  • Guatemala
  • GCW380
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