Global Cement News

Trinidad & Tobago: Trinidad Cement has launched production of its new reduced-CO2 cement, called ECO, at its Claxton Bay cement plant. Trinidad & Tobago Government News has reported that the company invested US$73,800 in the development of the product.

UK: 200 Hanson UK cement truck drivers have ended a one-month strike after accepting an improved pay deal. Construction Enquirer News has reported that the producer has retroactively increased drivers’ pay by 2.8% from 1 January 2021 and agreed to increase pay by a further 3.3% from 1 January 2022. Drivers’ overnight allowance will retroactively increase to Euro49.7/night from 1 October 2021, and the company has committed to a transformation of bank holiday working arrangements. Additionally, its management will share its fleet replacement programme with its drivers.

Spain: Corporación Noroeste has completed its acquisition of Cementos Balboa. The companies agreed to the deal in June 2021. Agencia EFE News has reported that the acquisition brings parent company Votorantim Cimentos’ installed cement capacity to 57.4Mt/yr globally.

Nepal: The Nepal Electricity Authority (NEA) has completed and commissioned a switching station to supply power for Huaxin Cement and Vaidya Group’s upcoming Dhading cement plant in Rorang. The Republic newspaper has reported that, when operational, the plant will receive 20MW of power via the switching station. Two transmission lines with capacities of 33kV and 11kV connect the facilities.

The US$125m Dhading cement plant awaits commissioning following the completion of its construction in August 2021.

India: Ratings agency Emkay Global has forecast an 11% year-on-year rise in UltraTech Cement’s second-quarter sales in the 2022 financial year to US$1.5bn from US$1.36bn. It expects the producer’s cement sales to rise by 6% in the period to 20.4Mt, and its net profit to grow by 6.4% to US$174m from US$163m.

The Economic Times newspaper has reported that Emkay Global predicted that UltraTech Cement’s costs will rise by 7% and that its earnings before interest, taxation, depreciation and amortisation per tonne of cement will fall by 5% year-on-year.