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Opposition filed at local government against San Miguel cement plant project in Pagbilao

29 January 2019

Philippines: Church and non-government organisations (NGO) have filed a document with the local government expressing their opposition against several San Miguel projects, including a new 2Mt/yr cement plant at Pagbilao in Quezon. They allege that no public hearing was given for local communities to comment on the projects among other complaints, according to the Business Mirror newspaper. San Miguel is planning to build a group of projects at the site in Ibabang Polo including a coal power plant, a logistics hub and a quarry.

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Titan Group’s share exchange offer fails

29 January 2019

Greece: Titan Group’s share exchange offer between its subsidiaries has failed. It blamed this on a lack of ordinary shares being tendered despite the support of Titan’s core shareholders and its board of directors. The voluntary share offer was intended to help list its shares at exchanges in Brussels and Paris. The group said that its strategy remained focused on international growth. It added that broadening sources of funding and improving access to international capital and credit markets was an important priority.

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HeidelbergCement takes top cement company position in CDP sustainability rankings

29 January 2019

Germany: HeidelbergCement has been awarded ‘A-‘ in the climate change category of CDP’s Climate A List. It also received the same score in the water security category. The result marked it as the highest-scoring cement company on the list beating other major international producers such as LafargeHolcim, Cemex and CRH. Notably, these other cement companies each received ‘F’ for water security due to a lack of sufficient information available. CDP analyses data from over 6800 large companies around the world.

“This is a strong confirmation that we are on the right track with our Sustainability Commitments 2030. The excellent result encourages us to further reduce our ecological footprint across all business lines and on a global level,” said Bernd Scheifele, chairman of the managing board of HeidelbergCement.

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LafargeHolcim looking at sale of Holcim Philippines

28 January 2019

Philippines: LafargeHolcim is considering selling its subsidiary Holcim Philippines. Sources quoted by Bloomberg said that the multinational building materials producer was trying to find the ‘right’ price for the business. Holcim Philippines has been valued at around US$2.5bn. It operates integrated cement plants at La Union, Bulacan, Misamis Oriental and Davao. As part part of its ongoing portfolio assessment scheme, LafargeHolcim announced that it was selling its business in Indonesia to Semen Indonesia for US$1.75bn in November 2018.

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Philippine Competition Commission to consider new import tariff in probe

28 January 2019

Philippines: The Philippine Competition Commission (PCC) says it will consider a new tariff on imported cement as part of its investigation into alleged anti-competitive behaviour. In early January 2019 The Department of Trade and Industry (DTI) said it would impose a provisional safeguard duty of US$0.16/bag on imported cement, according to the Philippine Star newspaper. The PCC started its latest investigation into the cement industry in 2017. Previously it said it planned to complete the study in 2019.

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Akmenes Cementas’ revenue rises by 18.9% to Euro67.3m in 2018

28 January 2019

Lithuania: Akmenes Cementas’ revenue rose by 18.9% year-on-year to Euro67.3m in 2018 from Euro56.6m in 2017. Its cement sales increased by 12% to 1.17Mt from 1.04Mt, according to the Baltic News Service. However, it made a continued to make a loss. The cement producer blamed this on mounting energy and staff costs.

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South Central Railway to raise cement carrying capacity

28 January 2019

India: The South Central Railway (SCR) hopes to increase its cement loading capacity to 27.5Mt/yr in the current financial year. It has handled 20.5Mt in the nine months to the end of Dcember 2018, according to the Hindu newspaper. The cement industry represents the second largest freight segment for the Indian railway sector with a share of 23% of a capacity of 500Mt/yr for the 2017 – 2018 year.

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Telestack to invest Euro5.8m in Omagh plant

28 January 2019

UK: Northern Ireland’s Telestack plans to invest Euro5.8m towards upgrading its Omagh plant. The mobile bulk material handling system producer will build a new 4180m3 plant next to its existing site. The new unit will include production lines, a research and development centre and new office premises.

“Telestack has grown rapidly over the last number of years and we have firm plans to double our revenue again in the next three and a half years. We have out-grown our current facility and we need to extend our manufacturing footprint to meet the international demand for our products. We have made a conscious decision, even in the face of Brexit uncertainty, to invest locally” said Telestack’s managing director Martin Dummigan.

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Construction ready to start on Sinoma and Hengya Cement plant in Tanzania

25 January 2019

Tanzania: The Tanzania Investment Centre (TIC) says construction of a new 7Mt/yr cement plant by China’s Sinoma and Hengya Cement is due to start soon. TIC executive director Geoffrey Mwambe said that the government body had provided all the necessary incentives for the US$1bn project, according to the Citizen newspaper. The TIC licence gives investors a three-year window in which to start construction, otherwise the licence revoked.

The Chinese company plans to build a cement plant with a 1200MW captive power plant. At least 70% of the cement produced at the plant will be exported and the remainder will be sold domestically. The unit is expected to create 4000 - 8000 direct and indirect jobs.

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Tudela Veguín buys lime producer Caleras de San Cucao

25 January 2019

Spain: Cementos Tudela Veguín has purchased a full stake in Caleras de San Cucao, a lime producer based in Asturias, according to the La Nueva España newspaper. No value for the acquisition has been disclosed. The company operates a lime plant at Llanera and it runs two lime quarries at Agüera and Las Regueras. Cementos Tudela Veguín has a lime production capacity of 0.6Mt/yr from its Tudela Veguín plant in Oviedo.

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