Displaying items by tag: Government

US: The state Land Use Commission of Hawaii has approved Hawaiian Cement’s licence application for expanded operations at Pohokea quarry in Wiakapu until 2035. The Maui News newspaper has reported that the commission has ordered the producer to hold consultations with the US Department of Land and Natural Resources with regards to the management of possible impacts on yellow-faced bees. The insects were declared an endangered species in 2016. The bees’ welfare formed the basis of a challenge by the conservationist Sierra Club Maui against the licence extension.

Argentina: The Ministry of Internal Trade has secured an agreement from national building materials producers, including Loma Negra and Cemento Avellaneda, to restrict the price of building products such as cement. The Clarín newspaper has reported that average building materials prices rose by 85% year-on-year in May 2021, nearly double the inflation rate. The primary cause is a rise in domestic construction. Currency effects have further increased the cost of building due to the dollarization of materials such as steel.

The ministry previously negotiated concerted price reductions in September 2020 and December 2020. Minister for Internal Trade Paula Español urged building materials producers to maximise their capacity utilisation to meet demand and protect the domestic market.

India: The South India Cement Manufacturers’ Association (SICMA) has assured the public that it is collaborating with the Tamil Nadu government to implement concessionary cement prices for lower income homebuilders. The Business Standard has reported that the association and government aim to keep cement available to all. Domestic cement production capacity utilisation has been reported as low as 60% during the second wave of Covid-19 in the country with a 35% month-on-month production drop in April 2021. Increased input costs caused a price rise in the first quarter of the 2022 financial year. Cement prices are reportedly forecast to remain high in the medium term.

Spain: The Balearic Environmental Commission has set more stringent environmental requirements than previously in its authorisation of Cemex’s Lloseta plant’s licence to operate. The Diario de Mallorca newspaper has reported that the authority has followed standards set out by European Commission decisions. The requirements cover emissions, dust and hazardous waste volumes.

Grenada: The Caribbean Community (CARICOM) Council for Trade and Economic Development has received an application from Grenada for the legalisation of imports of cement from outside of the CARICOM bloc into the country. Nation News has reported that the country is experiencing a cement shortage because Trinidad & Tobago-based Trinidad Cement has suspended exports. The producer reduced its activities because of the on-going Covid-19 outbreak.

Grenada previously sought to import cement from non-CARICOM member countries in 2004 following Hurricane Ivan.

Bolivia: Empresa Publica Productiva Cementos de Bolivia (ECEBOL) has officially restarted cement production at its integrated Oruro cement plant in Caracollo. The La Razón newspaper has reported the cost of the restart at US$8.41m. The producer received a cash injection from the government in order to enable it to restock cement bags, pay outstanding salaries and have working capital, according to Bolivian President Luis Arce. The head of state alleges that the previous administration ‘paralysed’ many of the country’s public companies through mismanagement.

Trinidad & Tobago: Trinidad Cement says it has no plans to raises its prices at the current time. However, it reserves the right to do so in the future if its production costs change, according the Trinidad Guardian newspaper. The subsidiary of Mexico-based Cemex said that it had suffered ‘significant’ losses due to government coronavirus-related regulations. It has not sold cement to the local market since early May 2021 with the exception of three construction projects due to the request of the government. The cement producer added that its silos and warehouses were fully stocked and that it was ready to start supply when it is given permission to do so.

Cement shortages at retailers has been reported in June 2021. Cement importer Rock Hard Cement announced earlier in the month that it was set to raise its prices in July 2021 due to increasing prices around the world and volatile shipping rates.

India: The state government of Telangana has renewed The India Cements’ mining licence for two sites in Guntur district until 2037. These are the Pondugula and Pulipadu mines, which supply the company’s Vishnupuram cement plant in Nalgonda district. The Times of India has reported that the producer first received its licence for the mines in 2000 and applied for the recent extension a decade later.

India: Ratings agency ICRA has forecast a 25% year-on-year decline in cement sales during the first quarter of the 2022 financial year to 30 June 2021. Domestic cement demand fell by 4% year-on-year and by 35% month-on-month in April 2021, according to the Press Trust of India. The agency said that this was due to the spread of the Covid-19 outbreak to rural areas and the imposition of numerous regional lockdowns. Pent-up demand is expected to drive a gradual recovery in the second quarter from July 2021. Costs for cement companies increased by 5% nationally year-on-year in April 2021. Increased fuel, power and transport costs all contributed to the rise.

Trinidad and Tobago: Rock Hard Cement says it intends to raise the price of its imported cement in July 2021 due to increasing prices around the world and volatile shipping rates. It added that it expected prices to stabilise in 2022, according to the Trinidad Express newspaper. Cement shortages have been reported at retailers in the country. This has been attributed to local manufacturer Trinidad Cement stopping production in early May 2021 dye to government coronavirus-related health regulations.