Semen Tonasa orders a palletiser from Beumer Group
Indonesia: Germany-based Beumer Group says that it has secured a contract with Semen Tonasa to supply its 40 - 50kg bag palletising system for the producer's Celukan Bawang cement plant in Bali. The system's multi-programme interface offers custom adjustment between all common packing patterns. Commissioning is scheduled for mid-late 2023.
Beumer Group said "Global influences such as delivery bottlenecks, shortages of raw materials and logistics problems continue to massively disrupt the supply chains. Nevertheless, the system provider will be able to send the machine to the customer in seven months. The target is to install and commission the machine in the third quarter of 2022."
Peru: Cemento Gloria subsidiary Cemento Yura's Yura cement plant has allegedly been the source of intermittent dust emissions, water contamination and destructive vibrations during its 50 years of operation. In May 2022, local authorities declared four houses uninhabitable due to cracks in walls and roof collapses. Local people have attributed the damage to the vibrations from the Yura cement plant's activities. In November 2022, local water supply is unavailable for over 40 minutes every day, allegedly also due to the plant's operations.
The La República newspaper has reported that Yura residents have launched a protest against the alleged environmental mismanagement outside of the company's plant.
Ecocem launches ACT alternative materials cement product
Ireland: Ecocem has announced the launch of ACT, an alternative materials-based cement ingredient capable of reducing the CO2 emissions of cement production by 70%. The developer says that any existing cement plant can produce ACT at comparatively low cost. The technology is globally scalable, and Ecocem expects to achieve full commercial availability across its Benelux, France, Ireland and UK markets by 2025.
Ecocem managing director Donal O’Riain said “We are eager to work closely with the cement industry and with policymakers to support the scaling and development of a new generation of low-carbon cements. Current policy priorities on decarbonising cement have now been overtaken by technology. Fully effective deployment of ACT requires policymakers to provide effective support well beyond their traditional emphasis on CCUS as the core cement decarbonisation technology.”
Ecocem's investors include France-based building products company Saint-Gobain and US-based Breakthrough Energy Investments.
Bamburi Cement forecasts over 25% earnings drop in 2022
Kenya: Bamburi Cement says that it expects its full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) to fall by 25% or more year-on-year during 2022. The Kenyan Wall Street newspaper has reported that the producer attributed the anticipated decline to increased energy costs and reduced cement demand.
During 2021, Bamburi Cement recorded a turnover of US$338m and a profit for the period of US$11.3m.
Omani Capital Market Authority questions Raysut Cement's second quarter 2022 results
Oman: The Capital Market Authority (CMA) has called on Raysut Cement to urgently address 'material misrepresentations' in its financial results for the second quarter of 2022. The Oman Daily Observer newspaper has reported that the CMA has warned investors that the misrepresentations 'hugely' impacted the report's profit and loss accounts.
The regulator said "CMA emphasises that failure to exercise due diligence in providing timely and accurate financial statements to the investors in fair manner is a breach of the law, and renders the violating entities legally responsible. The CMA announces zero tolerance in this regard."
South Korea: The government ordered 2500 cement truck drivers to return to work on 29 November 2022. The Korea Herald newspaper has reported that drivers in the sector who continue their strike will be subject to criminal sanctions of up to three years in prison or a US$22,600 fine, and will have their truck driving licences suspended. The government explained that the order is justified due to cement truck drivers' failure to present 'good cause' for the industrial action.
President Yoon Suk-Yeol said "Taking the livelihoods of ordinary people and the national economy hostage to look out for their own needs is not justifiable."
Cement truck drivers make up 35% of a total 7080 truck drivers from 200 companies across the South Korean economy participating in the strike, which began on 24 November 2022.
Guyanese officials meet Cementos Cienfuegos representatives
Cuba/Guyana: Guyanese government officials attended a meeting with representatives of Cuba-based Cementos Cienfuegos on 25 November 2022. The Guyana Chronicle newspaper has reported that the Cuban government advised the Guyanese officials of the feasibility of importing Cuban building materials, including cement, into Guyana.
China: China National Building Material (CNBM) subsidiary Sinoma International Engineering has concluded an agreement to acquire cement plant equipment supplier CNBM Smart Industry Technology. MarketScreener News has reported the value of the deal as US$52m.
CNBM Smart Industry Technology supplies maintenance services and equipment to companies around the globe.
JK Cement commissions new Uttar Pradesh grinding plant
India: JK Cement has commissioned its latest new grinding plant in Uttar Pradesh. Reuters News has reported that the facility has a cement production capacity of 2Mt/yr.
JK Cement is on track to increase its total installed capacity to 23Mt/yr by the end of 2023.
China: Chinese regulatory authorities have instructed the country's financial institutions to begin lending more to property developers to help them complete residential construction projects. The International New York Times newspaper has reported that the Ministry of Finance has implemented tax breaks for non-first-time homebuyers. Meanwhile, People's Bank of China reduced the minimum total emergency funds to be held by commercial Chinese banks by US$70bn in order to free up cash. Industrial and Commercial Bank of China lent US$91bn to 12 different developers, while Bank of Communications lent US$14bn to leading property developer Vanke.
Governor of the People's Bank of China Yi Gang said “China’s housing sector is linked to a lot of upstream and downstream industries, so its healthy development is of great significance to the overall economy."