Displaying items by tag: GCW526

Argentina: Members of the Argentinian Portland Cement Producers’ Association (AFCP) dispatched 8.79Mt of cement in the first nine months of 2021, up by 32% year-on-year from 6.66Mt in the first nine months of 2020. Domestic consumption also rose by 32% to 8.7Mt from 6.6Mt. In 2020, full-year cement sales totaled 9.8Mt.

Australia: AdBri and Barro Group have signed an agreement to acquire Metro Quarry Group’s sand operations. The business consists oftwo quarries, the Lang Lang quarry and the Nyora quarry, in Victoria. The quarries command a total of 50Mt of sand reserves. AdBri will pay US$21.6m to the companies’ joint venture for the purpose of the acquisition and to supplement the business’ working capital. The partners expect to conclude the deal in November 2021.

France: Hoffmann Green Cement Technologies has renewed its strategic partnership with research and testing organization Scientific and Technical Centre for Building (CSTB). CSTB has provided Hoffmann Green Cement Technologies with certification for its clinker-free cements since 2017.It evaluates the products' performance, durability and safety.

The producer said "Hoffmann Green Cement's research and development strategy is to continually invest in the development of new low-carbon technologies. The signing of this partnership agreement will allow the company to benefit over time from optimised deadlines in the processing of its files for the evaluation of its current and future technologies."

Spain: Hanson Spain has agreed to sell its Madrid quarry and three ready-mix concrete plants in the Balearics to Cemex España. The buyer said that the investments promise a high return and are part of the strategic global strengthening of its vertically integrated positions near high-growth urban centres. It expects the deal to close in early 2022.

Europe, Middle East, Africa and Asia regional president Sergio Menéndez said “This acquisition will allow us to better serve our clients by integrating and complementing our portfolio to provide a comprehensive and sustainable offering in Cemex’s high-growth regions of Madrid and the Balearic Islands.” He added “This is another example of the efforts we make to optimise our portfolio and drive earnings before interest, taxation, depreciation and amortisation (EBITDA) growth through high-yield complementary investments."

Hanson has also sold its aggregates and ready-mix concrete assets in Asturias, Catalonia and Madrid to different buyers. Parent company HeidelbergCement had announced a review of its Spanish assets on 22 February 2021. Their total value was Euro300m.

Pakistan: The All Pakistan Cement Manufacturers Association (APCMA) recorded a 5.7% year-on-year decline in overall cement sales in the first quarter of the 2022 financial year to 12.8Mt from 13.6Mt in the corresponding period of the 2021 financial year. Intensified local construction activity increased domestic cement sales by 4% to 11.3Mt/yr from 10.9Mt/yr.

Costs increased – notably the price of coal, which more than tripled year-on-year to US$210/t from US$68/t. Its transport costs from South Africa more than doubled to US$30/t from US$11/t. Currency effects exacerbated the rise in costs. The Dawn newspaper has reported that exports fell by 44% in the period to 1.55Mt from 2.74Mt. Afghanistan had previously received 606,000t of Pakistani cement exports, 22% of the total. This figure fell by 36% year-on-year to 389,000t, 25% of the first-quarter 2021 total, due to political unrest and increased transport costs.

India: JK Lakshmi has temporarily suspended dispatches of cement from its Durg cement plant in Chattisgarh. India Infoline News has reported that the producer had previously reduced its dispatches on 19 September 2021. This is due to disruption caused by a strike by the Chattisgarh Cement Transport Association. The producer has called the strike action ‘illegal.’ It said “Industry-wide negotiations are being held with State Government and we are hopeful of an amicable solution shortly.”

Russia: Holcim Russia has committed to realising a 15% CO₂ emissions reduction in its cement production between 2019 and 2030 to 475kg/t from 561kg/t. It plans to further reduce its cement’s CO2 emissions to 453kg/t by 2050, and to implement further measures to ensure its net carbon neutrality at that time.

Corporate relations director Vitaly Bogachenko said “The company's goal is to drastically reduce carbon emissions, and there are two working solutions for this. The first is the use of alternative fuels (AF) obtained from different types of waste: residues of municipal solid waste after sorting and extraction of all useful fractions from them, used tyres and others. The presence of biomass in them makes such fuels carbon neutral, so emissions during production are significantly reduced. The second solution is to replace carbon intensive raw materials. For example, instead of limestone, we use slags. The 'recipe' for cement is completely different: thanks to the new composition and the lower temperature during the firing process, the carbon footprint in the production of cement is reduced.”

Bangladesh: Seven Rings Cement has secured a contract for the supply of cement to the site of the upcoming Sylhet Osmani Internation Airport in Sylhet. Chief marketing officer Gautam Chatterjee signed the contract with Beijing Urban Construction Group on behalf of the company.

Seven Rings Cement is currently also supplying cement for the new Hazrat Shahjalal International Airport Terminal 3 in Dhaka.

Mozambique: West China Cement has signed a memorandum of understanding with the Mozambique government for four upcoming ‘industrial investment and development’ projects including a cement plant worth a total of US$800m. Local press has reported that another of the projects will be the construction of a power plant.

President Zhang Jimin said Zhang thanked the government for its past support of subsidiary Dugong Cimentos. He added “Due to this support we have, we are confident to continue the implementation of the development projects in Mozambique, as the government shows its concern to improve the investment conditions and environment.”

US: Martin Marietta Materials has completed its US$2.3bn takeover of Lehigh Hanson’s West Region business. The acquisition enlarges the company’s cement assets by two new plants and related distribution terminals, as well as targeted downstream operations, in California and Arizona.

Chair, president and CEO Ward Nye said "We are pleased to complete the Lehigh West Region acquisition and welcome a talented group of new employees to the Martin Marietta team. These assets serve as a new growth platform for our continued geographic expansion and are uniquely positioned to benefit from favourable market dynamics and accelerating public and private construction activity in California and Arizona.” He added “We are confident in our ability to quickly realise the benefits of this transaction and deliver significant value creation for our shareholders, customers and employees following the same proven approach we took with our acquisitions of TXI and Bluegrass."