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01 February 2023

Yazid bin Khalid Al-Shathri appointed as chair of Tabuk Cement

Written by Global Cement staff

Saudi Arabia: Tabuk Cement has appointed Yazid bin Khalid Al-Shathri as the chair of its board of directors. Other staff assignments include the appointment of Tariq bin Khalid Al-Anqari as vice-chair of the board and Amal Bint Hussein Redaa as secretary to the board. The company held an election in late December 2022 to appoint its board of directors from late January 2023 to January 2026.

Published in People
Tagged under
  • Saudi Arabia
  • Tabuk Cement
  • GCW593
01 February 2023

GCC publishes fourth quarter 2022 earnings report

Mexico: GCC recorded full-year sales of US$1.17bn in 2022, up by 13% year-on-year from US$1.04bn in 2021. The producer’s earnings before interest, taxation, depreciation and amortisation (EBITDA) also rose, by 7.4% year-on-year to US$363m from US$338m.

The producer increased its cement sales volumes by 2.9% in the US, while its cement volumes dropped by 2.9% in Mexico. Prices rose across both regions, by 12% and 13% respectively. An increased cost of production and increased freight and maintenance costs partly offset the rise.

GCC chief executive officer Enrique Escalante said “GCC’s focus on operational excellence enabled us to deliver strong results in an unprecedented market environment. We continue to anticipate challenges, mitigating their potential effects while also capitalising on important opportunities. Our team will continue to adapt to the evolving operating dynamics in the year ahead, as these will present further occasions for us to again leverage our exceptional competitive advantages.”

Published in Global Cement News
Tagged under
  • Mexico
  • GCC
  • Results
  • GCW593
01 February 2023

UltraTech Cement to acquire 70% stake in Duqm Cement

Oman: Aditya Birla Group subsidiary UltraTech Cement signed an agreement with Seven Seas Company to acquire a 70% majority stake in Duqm Cement on 30 January 2023. ET Now News has reported that UltraTech Cement’s UAE-based subsidiary Cement Middle East Investments concluded the deal in the form of a share sale and purchase agreement. the parties expect to complete the transaction in late April 2023.

Published in Global Cement News
Tagged under
  • Oman
  • Aditya Birla
  • UltraTech Cement
  • Acquisition
  • India
  • Seven Seas
  • Duqm Cement
  • UAE
  • Cement Middle East Investments
  • GCW593
01 February 2023

Sinoma International Engineering signs deal with Dangote Cement to build Itori plant

Nigeria: China based Sinoma International Engineering has signed a US$585m contract to build an integrated cement plant at Itori in Ogun state. The plant will have two 6000t/day clinker production lines covering limestone crushing to cement packaging and shipping. The contract becomes effective once Sinoma International Engineering receives a geological survey, payment and performance guarantees and a 12% advance payment. Clinker production is scheduled for two years after the contract starts with final commissioning expected a few months later.

Dangote Cement’s Itori Cement subsidiary was established in 2016 at the same time work started on building the 6Mt/yr Okpella plant in Edo state. The Okpella plant started producing cement in 2021.

Published in Global Cement News
Tagged under
  • Nigeria
  • Dangote Cement
  • Plant
  • Order
  • China
  • Sinoma International Engineering
  • GCW593
  • Ogun
  • CNBM
01 February 2023

Energy shortages threaten to shut down 50 Iranian cement plants

Iran: The Iranian Cement Industry Employers Association (CIEA) has warned that 50 cement plants are ‘on the verge of closure’ in early 2023. Asia News has reported that plants’ electricity supply has dropped by 50%, while their gas supply has dropped by 80%. Low winter temperatures have diverted the utilities supplies towards heating homes. Cement producers outside of urban areas are licensed to use fuel oil to power their operations. This would increase their costs, however, due to high transport fees.

Published in Global Cement News
Tagged under
  • Iran
  • Plant
  • Closure
  • Energy
  • Electricity
  • Gas
  • Iranian Cement Industry Employers Association
  • GCW593
01 February 2023

Qatar National Cement Company’s sales drop in 2022

Qatar: Qatar National Cement Company (QNCC) recorded full-year sales of US$195m in 2022, down by 14% year-on-year from US$226m in 2021. The producer recorded a net profit for the year of US$62.4m, up by 1.2% from US$61.7m.

Published in Global Cement News
Tagged under
  • Qatar
  • Qatar National Cement Company
  • Results
  • GCW593
01 February 2023

Cemex orders ship unloader from Bruks Siwertell

US: Cemex has ordered a type 10 000 S mobile ship unloader from Sweden-based Bruks Siwertell for use at Belle Chasse in Louisiana. The ship unloader was delivered towards the end of 2022, has a continuous rated cement handling capacity of 300t/hr and can discharge vessels up to 10,000dwt.

Published in Global Cement News
Tagged under
  • US
  • Cemex
  • Order
  • shiploader
  • Sweden
  • Bruks Siwertell
  • GCW593
  • Louisiana
01 February 2023

Sumitomo Osaka Cement powers head office using biomass

Japan: Sumitomo Osaka Cement has started using electricity generated from biomass to power its head office in the Shiodome Sumitomo Building in Tokyo. The electricity is generated at the company’s company's Tochigi biomass power plant in Sano and then fed into the general grid. The cement producer and the country are using a feed-in-tariff (FIT) non-fossil energy certificate system to track the use of electricity generated from non-fossil fuel generated sources.

Published in Global Cement News
Tagged under
  • Japan
  • Sumitomo Osaka Cement
  • Electricity
  • Biomass
  • Headquarters
  • GCW593
01 February 2023

Platinum Equity completes acquisition of Calderys

France: Private equity investment company Platinum Equity has completed its acquisition of Calderys from Imerys. It announced in July 2022 that it had agreed to pay around Euro930m to buy Imerys’ High Temperature Solutions business (HTS). Michel Cornelissen will remain as the president and chief executive officer of the refractory manufacturer.

In December 2022 Platinum Equity said that it has signed a definitive merger agreement to buy HarbisonWalker International (HWI), a supplier of refractory products and services in North America. the move is intended to create a global refractories supplier. The HWI deal is expected to complete in the first half of 2023 subject to closing conditions and regulatory approval.

Published in Global Cement News
Tagged under
  • France
  • Platinum Equity
  • Acquisition
  • Calderys
  • Imerys
  • HarbisonWalker International
  • GCW593
  • Refractory
01 February 2023

Venezuelan Cement Workers Federation alleges intimidation and coercion in Venezuelan cement industry

Venezuela: The Cement Workers Federation (Fetracemento) says that workers in the Venezuelan cement industry are subject to ‘constant persecution and intimidation.’ Fetracemento president Orlando Chirinos said that workers face arbitrary suspensions and that the industry even relies on forced labour. Chirinos said that labour inspectorates do not pursue claims by workers due to political pressures.

Local press has reported that protests by workers in January 2023 contributed to a drop in cement capacity utilisation in Venezuela to 10%.

Published in Global Cement News
Tagged under
  • Venezuela
  • Fetracemento
  • Union
  • labour
  • GCW593
  • working conditions
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