Displaying items by tag: GCW691

Argentina: Cement despatches dropped by 24% year-on-year to 9.56Mt in 2024, the lowest annual level reported since 2009, according to the Association of Portland Cement Manufacturers. Total dispatches in 2024 reached 9.5Mt, 24% lower compared to 2023 when dispatches were 12.5Mt. Dispatches in December 2024 showed the lowest yearly percentage decline, falling by 5% year-on-year to 0.77Mt, 12% less than was recorded in November 2024. This marks 21 consecutive months of declines. The declines recorded from December 2023 coincide with the decision announced by President Javier Milei to end the execution of public works by the national government.

India: Nuvoco Vistas has won a bidding process to acquire Vadraj Cement through a corporate insolvency resolution, according to The Economic Times. The acquisition includes Vadraj’s 6Mt/yr grinding unit in Surat and 3.5Mt/yr clinker capacity in Kutch, increasing Nuvoco Vista’s production capacity of 25Mt/yr by over 20%. The value of the deal was not disclosed.

Nuvoco will acquire Vadraj Cement through its subsidiary Vanya Corporation, which was incorporated in November 2024. The company said that it plans to fund the acquisition without a significant rise in its consolidated debt levels. It plans to invest in Vadraj Cement over 15 months to bring in operational improvements before commencing production in the third quarter of the 2027 financial year. The acquisition awaits National Company Law Tribunal approval.

The company stated in its press release “With this transaction, Nuvoco's total cement production capacity is set to increase to approximately 31Mt/yr, distributed as 19Mt/yr in the East, 6Mt/yr in the North, and 6Mt/yr in the West, consolidating its position as the fifth-largest cement group in India.”

India: Sagar Cements has announced the commencement of operations of its 6MW solar power plant, located at its cement plant in Gudipadu village, Ananthapur District, Andhra Pradesh. The plant is part of the company's broader strategy to integrate renewable energy into its operations, according to Business Upturn.

Vietnam: Cement production rose by 3.5% year-on-year to 184.2Mt in 2024, according to the latest data from the General Statistics Office.

In December 2024, cement output reached 17.2Mt, up by 10% year-on-year. The revised figure for 2023 shows production reached 120Mt, down 4.5% year-on-year.

Nepal: Hetauda Cement Industry has paused production for nearly three months, with no clear timeline for the return to regular cement production, according to Khabar Hub news. The company has cited a need for repairs to various equipment and the installation of new machinery as the cause.

Basanta Raj Pandey, general manager, said that operations depend on confirmation of a regular 8MW power supply from the Nepal Electricity Authority. Ongoing negotiations with the NEA have reportedly yet to resolve daily power cuts, which have delayed the repairs and installations, which are expected to take several more weeks. The company once produced 18,000 bags/day of cement, but now produces just 10,000 bags/day due to deteriorating equipment. A bidding process for the procurement of 4000t/day of coal has now begun.

Morocco: Cement sales rose by 9% year-on-year to 13.7Mt in 2024, according to the Ministry of National Territory and Urban Planning, Housing and City Policy.

Distribution-targeted deliveries reached 7.88Mt, based on data from members of the Professional Association of Cement Manufacturers (APC).

Philippines: DMCI Holdings will postpone developing a cement plant on Semirara Island following its acquisition of almost 90% of Cemex Holdings Philippines (CHP). 

Herbert Consunji, chief finance officer of DMCI and president and CEO of CHP, said CHP's existing plants in Antipolo and Cebu better serve key markets in Luzon and Visayas, according to The Manila Bulletin. Transport costs from Semirara Island would result in an increase in cement prices.

The company will reconsider the project upon the renewal of its coal operating contract in July 2027.

Nigeria: Tetracore Energy has entered into an agreement with Dangote Cement to supply up to 400,000m³/day of compressed natural gas (CNG) for its logistics operations. The energy provider will deploy its mobile refilling units and establish mother stations nationwide to provide a supply of CNG for Dangote’s logistics fleet.

Philippines: Governor Gwen Garcia has called for an investigation into all cement plants in Cebu over environmental and safety risks from large-scale quarrying operations, according to Sugbo News.

The governor called attention to mineral production sharing agreements (MPSAs) granted to companies like Apo Land and Quarry Corporation (ALQC), which cover over 3300 hectares, including populated areas. ALQC supplied materials to Cemex Philippines. Garcia also requested a review of other cement plants, including Solid Earth (owned by Taiheiyo Cement), Mabuhay Filcement and Republic Cement, advocating for stricter oversight.

UAE: A cement plant in Fujairah has halted operations after a malfunction caused thick smoke to rise from the chimney, according to local news reports. The Fujairah Environment Authority conducted an inspection to ensure compliance with environmental regulations and laws. The plant consequently initiated an immediate shutdown and submitted a plan to repair the malfunction and prevent future issues.