Global Cement News

Tunisia: Production remains suspended at Carthage Cement due to a dispute between the NLSupervision and the staff. The management of NLSupervision, a subsidiary of Denmark’s FLSmidth that holds a contact to operate the plant, and union representatives have met several times to try and resolve the matter, according to the Tunis Afrique Presse. On 4 April 2018 NLSupervision shut down the plant for 60 days.

Lebanon: Residents in Koura district has demanded that nearby cement plants be closed and cement exports banned due to health fears. George Costantine al-Itani, the environmental committee coordinator for Kfar Hazir issues a list of demands, according to the Daily Star newspaper. The group wants local cement plants in the area to move out of residential areas, close down unauthorised quarries and replace petcoke usage with natural gas. In the longer term the group wants the government to plant trees on cement company land and decrease the cost of local cement. Local company Cimenterie Nationale and Switzerland’s LafargeHolcim operate cement plants in the region.

France: Sonia Artinian, Lafarge’s human resources director from 2013 to 2015, has been charged ‘endangering the lives of others’ during operations in Syria. However, she avoided being charged for financing a terrorist organisation instead being granted ‘assisted witness’ status, according to the Agence France Presse. LafargeHolcim is being investigated in France over claims that Lafarge Syria had paid extremist groups to keep its Jalabiya cement plant operational after the outbreak of war in Syria. Six former Lafarge executives have been charged so far with financing a terrorist organisation.

Russia: Local residents have protested against a cement plant being built at Zueovo near Novgorod. Over 800 residents demonstrated against the project and sent a letter to the regional governor, according to the Kolmovo newspaper. The protestors object to potential health concerns related to the plant such as poor air quality due to dust emissions.

India: The Binani Operational Creditors Forum (BOCF) is seeking a forensic audit of the insolvency resolution process of Binani Cement due to an alleged lack of transparency. The forum has filed a petition in the Supreme Court, according to the Press Trust of India. Binani Cement owes about US$1.07bn to its creditors.

The Supreme Court previously blocked an out-of-court offer by UltraTech Cement for Binani Cement. A consortium led by Dalmia Bharat won an auction for Binani Cement with a bid of US$974m in early March 2018. However, UltraTech Cement then made a direct bid to Binani Cement a few weeks later. According to the BOCF, the operational creditors are expected to only receive US$23.2m from a total exposure of US$107m if the bid from Dalmia Bharat is allowed to complete.