Brazil: Cemex Latam Holdings (CLH), the subsidiary of Mexican cement company Cemex in Central and South America and the Caribbean region, together with its subsidiary Corporacion Cementera Latinoamericana, expect to finalise the sale of Brazilian cement producer Cimento Vencemos Do Amazonas (CVDA) for around US$30m by the end of 2018. On 25 May 2018, the pair agreed to sell all of the shares they own in CVDA to Brazilian cement company Votorantim Cimentos.
Argentinian growth picks up
Argentina: Both the sale and consumption of cement grew by 17% in August 2018 compared to July 2018, according to the national government. With sales of 1.1Mt, August 2018 also grew 0.1% compared to August 2017.
"The August figures are very positive in this economic context, which shows that construction, public and private, continues to advance,” said Guillermo Dietrich, Minister of Transportation. “The sale of cement maintains the same values as in August 2017, setting a historical record. We are facing the most ambitious infrastructure plan in history and that does not stop."
Surprise fall in Pakistan due to weak August
Pakistan: Overall cement sales in Pakistan fell by 2% year-on-year to 7Mt in the first two months of the current fiscal year, which began on 1 July 2018. Domestic sales dropped by 5.3% to 5.9Mt, while exports increased by 21.5% to 1.1Mt.
A spokesperson from the All Pakistan Cement Manufacturers Association (APCMA) said that the industry had been expecting slower growth at home but had not expected a contraction. He added that in July 2018 overall sales had grown by 5% but they fell by 8% in August 2018.
BUA announces plant for Ebonyi State
Nigeria: BUA Group has announced that it will commence core drilling in Ebonyi State, prior to establishing a greenfield cement plant there. Speaking in the state capital Abakalik on 5 September 2018, BUA’s Managing Director Kabiru Rabiu said that he was surprised there was no cement plant already in the state, despite there being enormous limestone deposits. Ibeto Cement is in the process of setting up two integrated cement plants in the state.
"We are here because the state is blessed,” said Rabiu. “It has a huge deposit of limestone that is very high in quality. The state also has coal, which is necessary for cement production. The state is strategically located; it is close to Enugu, close to Cross River State and close to the Middle Belt.”
