Global Cement News

Spain: Cementos Molins has secured a renewal of its sustainability-linked loan until December 2026 and increased its limit to Euro300m. The loan is linked to reductions in Cementos Molins’ CO₂ emissions.

Chief financial officer Jorge Bonnin said “This innovation, together with the robust financial position and the strong cash generation, enables the development of the profitable and sustainable growth strategy through markets consolidation and development in new markets.”

India: Police have successfully raided a fake cement mixing and bagging operation in the Patel Nagar district of West Delhi. The Times of India newspaper has reported that the accused perpetrators claim to have recorded a profit of US$2.69/bag by contaminating cement purchased for US$3.36/bag with expired cement from building sites. Two people were processing a 350 bag order at the time of the raid.

Police continue to work to trace all cement dispatches from the factory in the interest of public safety.

Libya: The National Mining Corporation and Abraj Al-Ghad Company have contracted AstroPlan, FLSmidth and Grenzebach for the construction of a five-factory building materials production complex at Bani Walid. The Libya Herald newspaper has reported that the 16,300ha complex will include a new cement plant. The Libyan Ministry of Industry and Materials said that a total of 4000 new jobs will be available at the complex.

Colombia: Dow Jones has named Grupo Argos in its Sustainability Index 2021, the company’s ninth time appearing in the ranking. It achieved its highest ratings in materiality, risk management, environmental reporting, climate change strategy, social reporting and human rights. The group said that the listing constitutes its recognition as the most sustainable cement company in the world. Its sustainable initiatives include offering collection of its used cement bags, supplying all the electricity for its Colombian operations from renewable sources and currently having three credit facilities linked to environmental, social and governance indicators.

Legal and sustainability vice-president Maria Isabel Echeverri said “At Argos, we are greatly satisfied with this result which places us as a world benchmark in sustainability and reassures our commitment to closing gaps and implementing best practices in social, environmental, financial and corporate governance matters. This drives us to continue moving forward in creating social value to build the dreams of housing and infrastructure for millions of people.”

World: The governments of Canada, Germany, India, the UAE and the UK have signed a commitment to support the development of markets for low-carbon cement and concrete in their countries. The governments will create market incentives for purchasers, review and update product standards to allow low-carbon materials to be used in all safe settings and promote their use through their public sector tendering rules.

World Cement Association (WCA) chief executive officer Ian Riley said “I’m delighted to see that governments are heeding our call for urgent action to accelerate decarbonisation of the cement industry around the world, and we look forward to hearing more details from the UK, India, Germany, Canada and UAE on the steps they will take.” He added “This commitment marks a hugely significant shift in mindset that we hope will be followed by other countries in the months ahead. When it comes to hard-to-abate industries like cement, it is vital to work together with governments to create the conditions in which we can get to net zero and beyond, as quickly as possible. We cannot do this alone in time.”