Displaying items by tag: Cancellation

Vietnam: High costs have resulted in the cancellation of four planned new integrated cement lines by a local cement producer. Viet Nam News has reported that the producer in question presently faces costs of US$59.9 - 64.1/t cement, with a net loss of US$8.55 - 10.30/t. Coal prices are US$237/t, more than triple those at the start of 2022 of US$85.5/t. Gypsum and diesel prices rose by 50% over the first half of 2022. The producer reportedly attributed the coal price rise to the effects of the Covid-19 conflict and the Russian invasion of Ukraine.

Egypt: Misr Beni Suef Cement has ended a contract with Arab Swiss Engineering Company (ASEC). In April 2019 the companies signed a contract for ASEC to provide technical management at the producer’s plant. Reuters News has reported that the cement company will now undertake the operation of its production lines.

Germany: Vecoplan has said that it will host 360-Degree Days, an exclusive live presentation from its technology centre, from 27 - 29 May 2020. It says that the event is aimed at filling the void left by the cancellation of IFAT 2020, which would have covered waste and raw materials management, due to the coronavirus outbreak. Vecoplan said, “Participants will learn all about recycling and processing technology, subdivided into several topic areas. Details on the content will be announced closer to the time.”

Germany: HeidelbergCement’s profit was Euro1.24bn in 2019, down by 3.4% from Euro1.23bn in 2018. Its revenue grew by 4.3% to Euro18.9bn from Euro18.1bn. HeidelbergCement says that it reduced its specific net CO₂ emissions by 1.5% year-on-year to 590kg/t from 599kg/t in 2018 and ‘intensified its research and development (R&D) efforts on carbon capture and utilisation/storage (CCU/S)’ in every operating region globally.

The group announced a year-on-year increase in volumes in the first two months of 2020, with all but three of its plants (HeidelbergCement subsidiary Italcementi’s 2.8Mt/yr Calusco plant, 2.5Mt/yr Rezzato plant and 0.6Mt/yr Tavernola plant in Lombardy region, Italy) still operating through the coronavirus pandemic, though it noted that construction is slowing in the US, Australia and Western Europe due to the outbreak.

HeidelbergCement cancelled its 7 May 2020 annual general meeting (AGM) ‘due to the spread of the coronavirus.’

Germany: Easyfairs Deutschland has announced that its Solids & Recycling-Technik Dortmund trade fair will not be taking place on 1 – 2 April 2020 due to the coronavirus pandemic. It has postponed the event to 24 – 25 June 2020, pursuant to a ‘general decree by the authorities,’ namely the City of Dortmund and the Ministry of Health of North Rhine Westphalia.

Easyfairs event director Sandrina Schempp told attendees, “Our team will actively contact you by telephone in the coming days regarding further procedures.”

China: The coronavirus outbreak which began in China’s Wuhan province has forced the China Cement Association to postpone its CementTech 2020 cement industry supply conference in Anhui province. The conference was due to take place on 25-27 March 2020 at the International Conference and Exhibition Centre in the province’s capital of Hefei.

Namibia: Singapore’s International Cement Group (ICG)’s intended purchase of Schwenk Namibia for US$104m has fallen through. The company stated that it will not buy the subsidiary of Germany’s Schwenk Zement, whose 1.0Mt/yr total integrated capacity consists of Ohorongo Cement’s Walvis Bay plant, over four months ahead of the deal’s long stop date of 31 January 2020. The deal’s deadline had previously been extended from 30 June 2019 following the Singapore Exchange forestalled the deal due to ICG’s inability to pay for the unprofitable company.

UAE: Failure of financing has put a stop to Ras Al Khaimah’s intended purchase of an 0.6Mt/yr integrated white cement plant in Fujairah and its associated quarry. Reuters has reported that the estimated US$123m deal will not be going ahead.

Pakistan: Bestway Cement has cancelled its acquisition of Dewan Cement's north plant. It blamed the cancellation on delays and uncertainty following related legal proceedings at the Sindh High Court.

US: Lafarge North America has scrapped plan to expand its Joppa cement plant in Illinois. One of the two kilns at the plant was shut in 2012. However, the company announced it was restarting this kiln and planning on building a third kiln in 2015, according to the Paducah Sun newspaper. The subsidiary of LafargeHolcim blamed the cancellation on poor market recovery for its products. Production is expected to continue at the cement plant using its existing two kilns. No job losses are anticipated.