Displaying items by tag: GCW410

Paraguay: Cartes Group has been fined US$79,500 for cutting down trees near San Lazaro, Concepción where it is planning to build a new cement plant. It will also have to pay US$1.8m towards gaining environmental certificates for the project, according to the ABC Color newspaper. Cartes Group purchased Calera Risso, the company planning to build the new unit, in late 2018.

Environmental studies at the site have also noted caves that should be protected including the Risso Cavern, where a fossil of a giant sloth was found in 2012. The Paraguayan Federation of Speleology has asked the the Ministry of Environmetnal and Sustainablity (MADES) to safeguard the site that also holds microfossils dating back 550m years.

The Cementos Concepción plant project was announced in early 2019. It intends to build a 1Mt/yr cement plant by 2021 with an investment of US$180m.

Malaysia: The Cement and Concrete Association of Malaysia has defended a reported 40% rise in the price of cement due to unsustainable mounting input costs. It said that over the last few years the cement industry had suffered from an increase in cost of electricity, packing materials, imported fuels, raw materials and equipment, according to the Star newspaper. It added that jobs in the sector would be at risk if it did not pass on its costs adequately.

Business representatives have complained about the sudden hike in cement prices. Penang Master Builders and Building Materials Dealers Association adviser Datuk Lim Kai Seng described the sudden increase as ‘unfair.’ Finance Minister Lim Guan Eng also described the situation as unprecedented. He said he would refer the matter to the Domestic Trade, Consumerism and Cooperatives Affairs Minister Datuk Seri Saifuddin Nation Ismail.

Bolivia: The Bolivian parliament has approved draft legislation prioritising the use of locally produced cement by local government and state-owned companies for infrastructure projects and road construction. The law will support the opening of two new cement plants at Potosí and Oruro in late 2019, according to El Potosi. The new rules further extend a decree announced in March 2019.

China: Cosco Shipping Bulk, part of Cosco Group, has signed a strategic deal with Conch Logistics, the logistics subsidiary of Anhui Conch. The agreement will see the two companies jointly develop in the cement logistics sector, according to Asia Shipping Media. In December 2018 Anhui Conch ordered four 12,500DWT bulk carriers from the Jiangdong Shipyard with delivery scheduled in 2020. Cosco Shipping Bulk operates the largest bulker fleet in the world with total capacity of over 33MDWT.

Bangladesh: The Chattogram Customs Authority has seized 30 containers of cement imported under false declaration by Pran Dairy at Chattogram Port. Sources quoted by the Daily Sun newspaper said that the company has attempted to avoid paying the correct import tariffs by falsely declaring the consignment as high-density polyethylene (HDPE) for the UAE. However, when custom officials examined the shipment they found Saudi Arabian-branded cement instead.

A total of 10,200 sacks of 50kg bags of cement were found. The duty payable on HDPE is 32% compared to 91% for cement. The importer was attempting to avoid paying import tariffs of over US$350,000.

Russia/Ukraine: Dyckerhoff cement plants in Russia and Ukraine have gained OHSAS 18001 or ISO 45001 certification in occupational safety. The OHSAS 18001 and ISO 45001 standards provide for a safe and healthy workplace environment and set forth guidelines for continually identifying and controlling health and safety risks, reducing accidents and improving overall performance.

US: Cemex has announced that it is supplying concrete, including a specialised self-consolidating mix, along with thousands of tonnes of aggregates for the replacement of the Sixth Street Viaduct Bridge in Los Angeles, California. The original 915m-long bridge, which has served as a backdrop in numerous films, was built in 1932 and is in need of replacement.

Cemex will supply 34,400m3 of ready-mix concrete. This will include 4800m³ of Evolution, Cemex’s range of self-consolidating concrete product that, in this instance, was tailored to fit the bridge’s design and the requirements of the client, CalTrans. Cemex will also supply a fibre-reinforced concrete solution for the bridge deck and structure itself. The US$482m structure, funded by a mixture of state and Federal funds, is expected to open in late 2020.

Malaysia: YTL Cement has increased its shareholding in Lafarge Malaysia to 76.98% following the conclusion of a mandatory general offer (MGO). In a bourse filing, Maybank Investment Bank said the MGO had been concluded at the close of business on 14 June 2019, with YTL Cement acquiring an additional 220.72 million shares, or 25.98% of Lafarge Malaysia, for US$198m.

On 6 May 2019 YTL concluded its purchase of 51% of Lafarge Malaysia from Associated International Cement Ltd (AICL). It paid US$390m on that occasion.

Saudi Arabia: Saudi Cement’s revenue for the first quarter of 2019 rose 18% higher year-on-year to US$103.9m, driven by higher export sales volume of cement and clinker. It said that its prices had risen, but that the price rise was not as great as that achieved by some other producers. Its profit for the quarter was US$35.2m, a 7% fall year-on-year. However its profit was 6% higher compared to the fourth quarter of 2018.

Saudi Cement’s cement export volumes increased to 0.25Mt for the quarter, while clinker sales volumes (mainly exports) jumped to 0.41Mt. In contrast, local cement sales volumes declined by 16.5% year-on-year to 1.19Mt. Going forward, the company says it will continue to focus on exports in light of weak domestic demand.

Turkey: Batıçim Çimento, part of Bati Anadolu Group, is considering selling up to a 75% stake in its subsidiary Batısöke Çimento. A source quoted by Reuters says that financial services group Unlu&Co has been hired to handle the sale. A document seen by Reuters indicates that due diligence for any potential offers is scheduled to be completed by September 2019. Batisöke Çimento operates one integrated and one grinding plant in Turkey.

In 2018 Turkish conglomerate Sabancı Group mandated Unlu&Co to sell cement producers Kayseri Çimento, Nigde Çimento and Ladik Çimento.