29 June 2022

Vietnam: Brokerage company Mirae Asset Securities Vietnam (MASVN) expects cement producers that specialise in exports to switch to the domestic market due to reduced demand in China. The export market to China has slowed down due its Zero-Covid policy and a reduced real estate market, according to the Viet Nam News newspaper. Major local exporters include Vissai Ninh Binh, Hoang Mai and Thanh Thang. China accounted for 40% of Vietnam’s cement exports in 2021. If these companies switch to the local market then it is expected to create more competition for producers that are more domestically aligned, including Vicem Ha Tien, FICO and Holcim Vietnam

India: Nuvoco Vistas is promoting its products in Northern India with the launch of its Double Bull cement brand in the region. As part of the initiative it has increased its dealer network in the states of Haryana, Western Uttar Pradesh, Punjab, Delhi and Madhya Pradesh. It is also preparing to build a 1.2Mt/yr grinding plant at Bhiwani in Haryana to support its presence in the north of the country.

The cement producer manufactures Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC) and Portland Composite Cement (PCC) products. Its flagship brands include the Concreto, Duraguard and Double Bull products.

Pakistan: The Federal Board of Revenue (FBR) has ordered cement producers to ensure that all cement bags that leave manufacturing sites include a tax stamp or unique identification marking from October 2022. The new requirement is intended to allow for the electronic monitoring of production and sales of goods, according to the Pakistan Today newspaper. This is part of a set of measures designed to increase tax revenue, reduce counterfeit products and stop smuggling.

Egypt: Korra Energi has been awarded a contract to build a 20MW waste heat recovery (WHR) unit at Suez Cement’s Helwan plant. The WHR unit will serve both of the plant’s two production lines. Korra Energi says it will be the first WHR project for a cement company in the country. Korra Energi is an Egypt-based engineering company and a subsidiary of conglomerate Korra.

Ghana: Alan Kyerematen, the Minister for Trade and Industry, has blamed the increasing price of cement on negative currency exchange effects and growing fuel prices. He informed the Parliament of Ghana that the cost to import clinker has risen significantly, according to the Ghana News Agency. Kyerematen also noted that the cost of freight has surged due to the coronavirus pandemic and then the war in Ukraine.

Morocco: LafargeHolcim Maroc is preparing to export clinker to West Africa in early July 2022. The shipment will be the plant’s second clinker export following a consignment of 40,000t to Guinea, according to the Les Eco newspaper. The plant, based near Tidsi, has been operational since late 2021.

Mexico: Cemex has launched a Green Financing Framework. The framework is intended to allow the building materials producer to issue green financing instruments aligned with the International Capital Market Association (ICMA) Green Bond Principles and the Loan Market Association Green Loan Principles. Under the Framework, Cemex intends to allocate the net proceeds from the issuances to finance eligible green projects in areas such as CO₂ emissions reduction, clean electricity and energy efficiency, clean transportation, water management, air quality, circular economy and waste management. The framework reflects the roadmap and objectives of Cemex's climate action program, Future in Action. Cemex says it is the first of its kind in the building materials sector.

“After launching our Sustainability-Linked Financing Framework in 2021, it is only natural for us to build on that initiative with additional sustainable finance innovation in the form of the Green Financing Framework, that will enable the building of a more resilient future for all,” said Maher Al-Haffar, Cemex's Chief Financial Officer (CFO) and founding member of the United Nations Global Compact CFO Coalition for the Sustainable Development Goals.

Tanzania/UK: Maweni Limestone has joined the World Cement Association (WCA) as a Corporate Member. The cement producer is based in Tanzania and it has a production capacity of 1.5Mt/yr. In 2020 it was acquired and reconstructed by China-based Huaxin Cement.

“We are delighted to welcome Maweni Limestone among our membership, as one of WCA’s key ambitions is to more effectively engage emerging-market players across the global cement ecosystem” explains Ian Riley, the chief executive officer of the WCA.