Colombia: BBVA has granted a US$45.1m loan to Grupo Argos subsidiary Cementos Argos. The loan includes a pricing adjustment mechanism which links its interest rate to the producer’s environmental, social and corporate governance (ESG) performance rating. The company said that the choice of financing arrangement aims to promote a greater commitment to sustainability management and compliance with socially and environmentally responsible practices that ensure the construction of a greener future. The transaction is the first of its kind in Colombia and constitutes Grupo Argos’ debut in sustainable financing.

Chief executive officer Juan Esteban Calle said, “This is a definite advance in line with our sustainability strategy that fills us with joy, not only because it contributes to our debt profile and reassures our commitment to sustainability as a strategic pillar and source of competitive advantage, but it is also a benchmark of trust for our investors and other stakeholders”

Austria: Weitersdorfer Group has consolidated its lime activities under lime subsidiary Intercal. The group says that the closer cooperation of locations under the regionally-rooted InterCal enables the most effective roll-out of new technology such as drones for stockpile management and supports sustainable production practices such as the use of blown wood dust in lime kilns. Austria-based W&P Kalk became InterCal Austria, Slovenia-based IGM became InterCal Slovenija and Croatia-based InterCal became InterCal Croatia.

Sales and marketing managing director Harald Braunecker said, InterCal's "The new umbrella brand enables future-orientated cooperation between the individual locations, thus strengthening our market position from Austria to the Black Sea. The name InterCal combines the international market claim of the umbrella brand with calcium carbonate, the most important basic raw material for lime production.” He added, "Thanks to cross-border synergy effects among the individual InterCal companies, it is also possible for us to place an even stronger focus on the topic of sustainable production."

India: Ramco Cements says that its 16Mt/yr installed production capacity will increase to 20Mt/yr during its 2022 financial year that starts in April 2021 with the completion of a new plant at Kurnool in Andhra Pradesh and a third production line at its Jayanthipuram plant. The original plan to complete the work by the end of March 2021 was delayed by the coronavirus pandemic, according to the Hindu newspaper. The new integrated plant at Kurnool will have a clinker capacity of 2.25Mt/yr and a cement production capacity of 1Mt/yr. The third production line at the Jayanthipuram plant will have a production capacity of 1.5Mt/yr, increasing the plant’s total to 4.5Mt/yr.

The producer also plans to complete Phase 3 of the installation of a waste heat recover (WHR) unit at the Jayanthipuram plant. Phase 1 (9MW) was commissioned in September 2020, Phase 2 (9MW) in February 2021 and Phase 3 (9MW) is scheduled for after the third line is complete. So far the first two stages have reduced the cement plant’s power consumption from a thermal power plant by 15MW. The project has cost around US$30m.

Ramco Cements has spent US$345m out of its planned US$470m capital expenditure in the 2021 financial year, which ends on 31 March 2021.

India: Shree Cement has commenced commercial production at its 3.0Mt/yr Cuttack grinding plant in Athagarh Tehsil, Odisha. The Economic Times newspaper has reported that the company officially launched the new plant on 15 March 2021.

Oman: Oman Cement has issued an engineering, procurement and construction (EPC) tender to build a power plant at its proposed integrated plant at the Port of Duqm. The Muscat Daily newspaper has reported that the plant will have a clinker production capacity of 5000t/day and is expected to cost US$250m.

Iraq: Lucky Cement has started commercial cement production at its 1.2Mt/yr integrated Samawah cement plant. The News International newspaper has reported that the plant brings the company’s overseas installed cement production capacity to 4.1Mt/yr. It operates the 1.7Mt/yr Basra grinding plant in Iraq and a 1.2Mt/yr integrated cement plant in the Democratic Republic of Congo.

The company said, “Despite the impacts of Covid-19 pandemic, the project has successfully achieved its milestones on time.”

India: The Science-Based Targets Initiative (SBTI) has validated UltraTech Cement’s CO₂ emissions reduction targets. The validation confirms that the company’s targets are in line with a 2°C temperature rise scenario under the Paris Agreement. The targets consist of a 27% reduction in Scope 1 CO₂ emissions between 2017 and 2032 and a 69% reduction in Scope 2 CO₂ emissions between 2017 and 2032. This corresponds to a 462kg/t net CO₂ reduction for the producer’s cement.

Managing director Kailash Jhanwar said, “A changing climate scenario poses significant challenges for the built environment sector. It equally provides valuable opportunities to develop sustainable products and services. By committing to science-based targets, UltraTech Cement has once again demonstrated leadership in paving the way for the sector to help build sustainable infrastructure.”

Bangladesh: Protesters in Chhatak, Sunamganj District have accused LafargeHolcim Bangladesh of selling limestone illegally. The New Nation newspaper has reported that protesters allege that the company sold imported Indian limestone on the open market. They allege that the limestone was imported exclusively for use as a raw material in cement production under Bangladeshi tax law.

Argentina: Loma Negra has completed the replacement of an electrostatic filter at its integrated Zapala cement plant in Neuquén with a new baghouse filter. The Gaceta Mercanil newspaper has reported that the company said that the new product has the benefit of being able to work without an electricity supply. Additionally, it is able to operate at higher inlet temperatures than the previous filter, reducing water consumption by approximately 50%. Work began in early 2019 and the total investment cost of the project was US$7m.

Argentina: Loma Negra’s consolidated adjusted earning before interest, taxation, depreciation and amortisation (EBITDA) grew by 3% year-on-year to US$146m in 2020 from US$143min 2019. Sales fell by 13% to US$458m from US$526m and net profit rose by 107% to US$125m from US$60.6m. Consolidated cement, masonry and lime sales fell by 6% to 5.2Mt from 5.5Mt, but rose by 27% in the fourth quarter of 2020 to 1.6Mt from 1.3Mt. The company noted a fourth-quarter increase in bulk cement sales of 7%. Bagged cement also made a ‘robust recovery’ from the negative effects of the strict Covid-19 lockdown in the second quarter of 2020, according to the company. It attributed the rise to the partial lifting of lockdown for private works. Throughout the year, the group decreased its net debt by 81% to US$22.8m from US$119m.

In 2020 the producer continued with its L’Amali cement plant expansion and divested its Paraguayan asset. All detailed engineering is reported complete and all equipment and materials supplies have been delivered to the site. Commissioning and start-up has been completed at the crushing section and a new primary crusher is fully operational. Commissioning and start-up at raw mill department and clinker line are in progress.

Chief executive officer Sergio Faifman said, “We finished the year in a very good way when considering the unprecedented scenario that we were presented with from the beginning of the year. At that point in time, the fragile macroeconomic environment in the country was impacted by the emergence of the Covid-19 pandemic, making the future uncertain and blurred. More than ever, it was in that challenging context that we lean on our competitive strengths.” He added, “At the beginning of the crisis, we focused on managing our cash position and cash generation, and we sought to optimise our productive structure. As the market began to pull in demand, we relied on our value chain to speed up sales, especially of bagged cement. All of this allowed us to expand our profitability, and enhanced our already solid balance sheet.”