Displaying items by tag: development

Russia: Russian producers sold 2.4Mt of cement in January 2020, up by 9.6% from 2.2Mt in January 2019. This is in line with Unioncement’s optimistic forecast of 6% year-on-year demand growth. The coming construction season promises sustained growth due to the planned renovation of housing stock, the implementation of integrated development projects and an increased share of roads built using cement concrete, in line with the country’s 2020 Housing and Urban Environment programme and President Putin’s social initiatives.

Spain: The Port Authority of Gijón granted Cemex España a 30-year concession for use of 2480m² of the El Musel terminal for unloading, storage and bagging on 20 December 2019, subject to the Mexican company’s use of the facilities for a minimum of 50,000t/yr of cement and derived products for the first two years of the arrangement, 0.1Mt/yr for the subsequent three years, and 0.15Mt/yr thereafter. La Nueva España newspaper has reported that Cemex España applied for the concession in February 2019. Its plans consist of a Euro5.0m investment in a development including two 6000t-capacity silos, a 44m crane and bagging facilities. Cemex España will take an estimated 10 months to complete the works from beginning the project in early 2020.

India: The government of the state of Odisha will invest US$1.25bn in infrastructure development, including construction of several industrial facilities. These will include a 1.0Mt/yr integrated plant owned by JSW Cement subsidiary Shiva Cement and a total of 4.0Mt/yr grinding capacity in new Shiva Cement and Shree Cement plants. The projects will source their cement from Odisha’s existing installed capacity of 7.3Mt/yr, consisting of 3.8Mt/yr integrated and 3.5Mt/yr grinding capacity at plants owned and operated by Dalmia Bharat’s OCC India, Toshali Cement, UltraTech Cement and Lafarge Holcim’s ACC Cement.

India: The Union Council of India has approved a US$1.4bn distress fund to help developers finish partially completed residential developments. Business Today has suggested that the financing, which prioritises affordable and middle-income housing projects, will bolster demand for cement producers. The launch of the scheme follows India’s decision not to join the Regional Comprehensive Economic Partnership on 4 November 2019, for which it stated reasons of a trade deficit with 11 of the 15 other signatories and the rejection of its proposed three-tier structure for phasing out tariffs.

Oman: Four French investors and technology suppliers, including Fives and Suez, have created a syndicate to develop business opportunities in the Special Economic Zone Authority of Duqm. The other partners are CMA CGM and EDF Renewables. The companies intend to assess various investment options in the area and develop them. In particular, the syndicate has an interest in a ‘global approach to cement factory ecosystems’ and related facilities including transport facilities, a solar power generation plant and the production of alternative fuels.

Cuba: The Nuevitas cement plant will test LC3 cement, according to the Adelante newspaper. LC3 is a blend of limestone and calcined clay that reduces the amount of clinker used. The plant is one of three units in the country earmarked for upgrades in 2018.