Global Cement News

Colombia: Cemex Colombia has reached a deal with the Attorney General allowing it to operate its Maceo cement plant in Antioquia. Under the terms of the government-brokered agreement Cemex will lease the land from CI Calizas y Minerales for around US$15,000/yr, according to the El Espectador newspaper. The lease has a duration of 21 years and this can be extended by another 10 years.

In 2016 Cemex fired several senior staff members in relation to the Maceo project and its subsidiary’s chief executive resigned. This followed an internal audit and investigation into payments worth around US$20.5m made to a non-governmental third party in connection with the acquisition of the land, mining rights and benefits of the tax free zone for the project. The US Department of Justice is also investigating the project.

Argentina: Loma Negra and tyre manufacturer Bridgestone have started a partnership to re-use water in the Llavallol suburb of Buenos Aires. Bridgestone will provide Loma Negra with 200,000l/days of filtered water for use at its operations, according to the Mercado newspaper. In return Loma Negra will use less water from the local aquifer.

Ireland: CRH has appointed Bank of America to sell its European Distribution business. The sale is valued at around Euro2bn and is expected to start in May 2019, according to sources quoted by Reuters. Private equity companies including Advent, Lone Star and CVC have been linked to the sale. CRH is due to issue a trading updating in late April 2019.

Germany: Thomas Zement has ordered a selective catalytic reduction (SCR) unit from GEA for its Erwite cement plant to reduce its NO_x emissions. The order includes two reactors for selective catalytic reduction (SCR) including handling of the flue gas transport by induced draft (ID) fans and integration into plant. The contract also includes engineering services as well as the supply, installation and commissioning of steel structures, SCR catalysts, ID fans, heating circuits, duct connection and adaptation of NH₃ injection from existing storage tanks. Production will continue at the site during the installation of the SCR unit.

Ireland: Quinn Industrial’s turnover rose by 15% year-on-year to Euro240m in 2018 from Euro209m in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 10% to Euro26.4m from Euro23.9m

“Our Building Products division is currently planning to enter the ready-mix concrete market in the greater Dublin area to meet rising demand from the expanding construction and housing markets,” said chief executive officer (CEO) Liam McCaffrey. He added that, despite Brexit, the business is focused on growing in both the UK and the Republic of Ireland.

Quinn Building Products continued to benefit from the on-going building recovery in the Republic of Ireland as well continued strong exports to the UK where the introduction of its new plastic bagged cement product at the start of 2018 allowed it to expand its market presence.

Quinn Industrial is also considering investment options, including an initial public offering (IPC) or a cash injection from private equity, according to the Irish Independent newspaper. However, the company has not commented on the issue.