28 June 2021

Ghana: Environmental Protection Agency (EPA) agents and police have raided China-based Empire Cement’s McCarthy Hills cement plant in Accra. The Ghana News Agency has reported that the facility had entered cement production without a licence. The authorities stopped operations at the site and dismissed the staff, including Chinese nationals. Previously, local residents had complained about potential environmental concerns at the site.

India: The Andhra Pradesh branch of the National Company Law Tribunal (NCLT) has approved Sagar Power’s resolution plan for the start of operations at the mothballed Panyam cement plant at Kurnool. Sagar Power intends to pay US$13.5m, together with RV Consulting Services, to settle the debts from the plant’s previous owners, according to the Times of India newspaper. The partners also plan to inject a further US$20.2m of fresh capital into the venture.

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.”