Ukraine: Ukrcement, the Ukrainian cement association, has lobbied for cement to be excluded from a free trade agreement being arranged between Ukraine and Turkey. Pavel Kachur, the head of Ukrcement, said that he had informed the Ministry of Economy and the trade representative of Ukraine about the association’s view, according to Interfax-Ukraine. He said that the local cement sector was able to fully provide consumers with cement. He also noted the significantly higher cement production capacity in Turkey compared to Ukraine. In mid-2020 the Interdepartmental Commission for International Trade explored a complaint by local cement producers including Buzzi-Unicem subsidiary Dyckerhoff, HeidelbergCement subsidiary Kryvyi Rih Cement and CRH subsidiary Podilsky Cement into imports of cement from Turkey.
Taiwan Cement to set up super battery plant
Taiwan: Taiwan Cement has announced plans to establish a super battery plant in Kaohsiung. The plant will produce high-charge-discharge nickel ternary batteries developed by the company’s subsidiaries TCC Green Energy and battery specialist E-Moli. The maximum total investment in the facility will be US$350m. The plant will be the first of its kind in Taiwan and will have a capacity of 1.8GW/yr in battery power.
Chair Nelson Chang said, "Everyone has only one nationality, Earth."
China National Building Materials details subsidiaries’ epidemic prevention and work resumption efforts
China: China National Building Materials (CNBM) has provided details of its subsidiaries’ efforts to prepare for the resumption of work following the end of the coronavirus outbreak in China and prevention of further outbreaks. The group set out 10 management measures, according to which its subsidiaries: implemented government and group regulations and requirements, took effective measures for work resumption, promoted Covid-19 awareness, formulated response measures, organised epidemic prevention and control, health-checked staff, provided sanitary equipment, controlled contact at work, including with outsiders, established isolation sites and disposed of hazardous materials.
The group said, “Each subsidiary overcame difficulties such as shortage of raw materials for production, poor transportation of products, difficulty in controlling the personnel that pick up goods in plant, and shortage of anti-epidemic materials to coordinate and promote the resumption of production.” It added, “The resumption of production has stabilised the enterprise's efficiency and staff, and maintained the orderly connection of the production chain of the whole building materials industry. We believe that as long as we have firm confidence, withstand the pressure and redouble our efforts, we will be able to minimise the adverse impact of the epidemic and make positive contributions to the stable development of economy and society.”
Azerbaijan: Holcim Azerbaijan, part of Switzerland-based LafargeHolcim, has launched its participation in the Azerbaijan Ministry of Ecology and Natural Resources’ National Green Marathon with the planting of 1000 trees at its Garadagh cement plant. Turan Information Agency News has reported that the initiative aims to plant 1 million trees nationally in 2021.
Technical director Ali Huseynov said, "We have a common goal and value - sustainable development. We should apply principles of sustainability in each work and in every step. We are ready to demonstrate our best practices in environmental protection.” He added, “Our work is not over. We should also care for these trees and install an irrigation system. For this purpose, the work necessary for treatment and use of the wastewater in the irrigation system has started, and with this we can save clean water, contributing to the environmental protection."
Smikom to buy Eurocement
Russia: Holdings company Smikom has won the auction to buy Eurocement from Sberbank. RBC News has reported the value of the deal as Euro2.1bn. Smikom, formerly known as BaselCement, will acquire a 100% share of Cyprus-based GFI Investments, which controls Eurocement Group. The final terms of the deal are still being agreed, according to sources quoted by the Russia-based media group. Neither Sberbank nor SmiKom have commented on the matter.
Sberbank acquired a 100% stake in GFI Investment in November 2020 following an increase in its debts in mid-2020. An electronic auction process for company then started in February 2021.
Eurocement is the largest cement producer in Russia operating 10 plants domestically and abroad.
Poland: Lafarge Poland, part of Switzerland-based LafargeHolcim, has begun the demolition of part of its 2.0Mt/yr Małogoszcz cement plant in Świętokrzyskie voivodeship. The work proceeded with the company taking down one of the plant’s 120m-high chimneys.
Industrial director Stanislaw Sobczyk said that the new Małogoszcz cement plant would “rise like a Phoenix from the ashes” of the old. The plant’s two chimneys were a local landmark and appeared on the logo of the former Małogoszcz Cement Company.
India: Aditya Birla subsidiary Grasim Industries has raised US$136m through fully paid unsecured non-convertible debentures (NCDs). The company has allotted the NCDs on a private placement basis.
Sinai Cement’s loss increases in 2020
Egypt: Sinai Cement’s consolidated net loss before minority interests was US$35.6m in 2020. The figure represents an increase of 26% year-on-year from US$28.3m in 2019, according to Mubasher.
Egypt: South Valley Cement’s full-year sales in 2020 were US$22.3m, down by 20% year-on-year from US$28.0m. Loss also fell by 20%, to US$16.0m from US$20.1m in the 2020 financial year, according to Mubasher.
US: Holcim Participations, part of Switzerland-based LafargeHolcim, has completed its acquisition of Firestone Building Products from Bridgestone. The group said that the acquisition marks a milestone in its transformation into a global innovative and sustainable building materials and solutions leader. It group said that the early conclusion of the deal came about due to ‘smooth collaboration’ with Bridgestone.
Chief executive officer Jan Jenisch welcomed Firestone Building Products’ 1900 employees to the group, saying “Together, we will lead this iconic company’s next era of growth to become the global leader in flat roofing systems. As we expand its leadership in the US to Europe and Latin America, I want the world to know that Nobody Covers You Better than Firestone.” He added, “I am excited about the strong growth prospects, accelerated by the many opportunities from President Biden’s ‘Build Back Better’ plan. With its leading roofing systems, Firestone Building Products makes us a partner of choice from rooftop to foundation. This truly is a milestone for LafargeHolcim as we become the global leader in innovative and sustainable building solutions.”