Global Cement News

India: Larsen & Toubro has secured and engineering, procurement and construction (EPC) contract for a new integrated cement plant at Pali, Rajasthan. It says that a major national cement producer awarded the contract.

In December 2020, Global Cement reported that Aditya Birla subsidiary UltraTech Cement planned to proceed with the construction of a cement plant at Pali.

Brazil: Votorantim Cimentos has announced plans to upgrade cement production at its 0.2Mt/yr integrated Corumbá cement plant in Mato Grosso do Sul. The Correio de Corumbá newspaper has reported the value of the planned work as US$2.85m. The investment is intended to improve the plant’s grinding line, modernise an electrical substation system, make changes to its mining operations and generally focus on optimising energy consumption. It also plans to train employees and work on community outreach activities.

Philippines: The Department of Trade and Industry (DTI) has issued an order amending its previous order on cement safeguards. The Manila Bulletin newspaper has reported that the amendment extends safeguard measures to 13 new countries which now exceed the necessary 3% import volume share. These are Chile, the Czech Republic, Estonia, Hungary, Israel, Indonesia, Latvia, Lithuania, Poland, Slovenia, Slovakia and South Korea. Imported cement from these countries will now face a safeguard duty of US$0.2/bag. An official source quoted by the newspaper called the surge in importation from these countries "trade diversion" tactics by importers since these countries were previously exempt from the safeguard duty.

US: R-Tec Creations has launched New World Concrete, a single-stone Portland pozzolan concrete. R-Tec creations classifies the product as super ultra high performance concrete (SUHPC) for its compressive strength. It developed the concrete for use in construction in hurricane and earthquake-affected areas.

Colombia: BBVA has granted a US$45.1m loan to Grupo Argos subsidiary Cementos Argos. The loan includes a pricing adjustment mechanism which links its interest rate to the producer’s environmental, social and corporate governance (ESG) performance rating. The company said that the choice of financing arrangement aims to promote a greater commitment to sustainability management and compliance with socially and environmentally responsible practices that ensure the construction of a greener future. The transaction is the first of its kind in Colombia and constitutes Grupo Argos’ debut in sustainable financing.

Chief executive officer Juan Esteban Calle said, “This is a definite advance in line with our sustainability strategy that fills us with joy, not only because it contributes to our debt profile and reassures our commitment to sustainability as a strategic pillar and source of competitive advantage, but it is also a benchmark of trust for our investors and other stakeholders”