Global Cement News

US: The Portland Cement Association (PCA) has supported a bipartisan deal between the White House and 21 senators towards a deal on a US$953bn infrastructure package. Sean O’Neill, the PCA’s Senior Vice President of Government Affairs, said that, “America's economic vitality depends on an integrated, national transportation network that moves goods and people safely and efficiently, while ensuring quality of life and economic prosperity for all citizens.” The PCA added that is has continually advocated for a long-term bipartisan infrastructure package and encouraged both parties in the House of Congress to work towards enacting ‘strong’ bipartisan infrastructure legislation.

Jordan: The country’s industrial chambers have made a statement saying that most cement plants are charging ‘average’ prices for cement despite recent rises in energy costs due to imported coal and diesel. In a joint statement the group’s said, that although some plants have increased the price of cement, it does not reflect the increase in real cost to producers, according to the Jordan News Agency. The price of cement has reportedly risen by 12% recently.

The industrial chambers noted that the sector is, “keen to stabilise commodity prices locally and maintain their sustainability." It added that it accomplished this in the interests of citizens during the Covid-19 crisis despite the high price of raw materials. The statement also noted that the country has a cement production capacity of 10Mt/yr but the local market only uses 3Mt/yr.

India: Cochin Port Trust has announced plans for expansion projects to the Port of Cochin in Kerala worth around US$420m. The Times of India has reported that the new developments are to include a cement terminal and bagging facility. Other initiatives covered by the memorandum of understandings include a hospital, an oil refinery, a petrochemical terminal and a multi-modal logistics hub. The projects are scheduled for completion by the end of 2023.

India: Visaka Industries plans to establish a US$10.8m cement boards plant at Coimabatore, Tamil Nadu. The Hindu newspaper has reported that the plant will be the company’s fourth to produce its Vnext product range of cement boards.

Joint managing director Vamsi Gaddam said that, together with a new US$6.74m roofing plant, the Coimbatore will add US$27.0m-worth of additional turnover in their first full year of operation. She added, “While the company passed through a tough phase due to Covid-19 led disruption, we managed to do well after the lockdown with volumes coming back to normality. We are adding these two plants due to the demand for our sustainable products.”

Mexico: Cemex says that it will invest US$925m in 2021 – 2023 in production capacity expansions and upgrades, as well as in other projects to improve financial margins. Chief executive officer Fernando González said at its Cemex Day 2021 business update that the group is planning a 10Mt/yr cement capacity expansion consisting of an extra 7.5Mt/yr in the Americas, 1.5Mt/yr in the Philippines and 1.0Mt/yr in Europe. It expects a total increase in 2023 full-year profit of US$520m as result of the investments. Around US$425m will be spent on the cement capacity additions and the remainder will go towards projects on urbanisation and its other business lines.

Strategic planning and business development executive vice president José González said “We focus on high-growth metropolitan areas, where our products and solutions nurture the urbanisation needs of these markets. These areas represent around 70% of the population and around 80% of the gross domestic product (GDP) of construction.”