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28 April 2021

Thal Limited to establish polypropylene bag plant

Pakistan: House of Habib subsidiary Thal Limited has invested US$11.0m to establish a polypropylene woven bag plant in Hub, Balochistan. Germany-based Windmoller & Holscher will supply the plant. The Business Recorder newspaper has reported that it will have a capacity of 90m bags/yr.

Chief executive officer Syed Umair Ahmed said "Thal Limited also has a paper production capacity of 250m bags/yr and with a polypropylene woven bag production capacity of 90m bags/yr we will be able to cater to not only the local market but also grow our export business."

Published in Global Cement News
Tagged under
  • Pakistan
  • Thal Limited
  • Bags
  • Windmöller & Hölscher
  • Germany
  • GCW503
28 April 2021

Generator explodes at Taiheiyo Cement’s Hidaka cement plant

Japan: An off-grid power system at Taiheiyo Cement’s Hidaka cement plant in Saitama prefecture exploded overnight on 27 April 2021, damaging a car in a nearby car park. Fire services quickly fought and extinguished a fire in woodland surrounding the plant. Kyodo News has reported that none of the 14 people working at the site at the time was harmed. Residents 2km away reportedly heard and felt the blast.

Published in Global Cement News
Tagged under
  • Japan
  • Taiheiyo Cement
  • Plant
  • Fire
  • Explosion
  • GCW503
27 April 2021

DG Khan Cement returns to profit as sales rise in first nine months of 2021 financial year

Pakistan: DG Khan Cement recorded a consolidated net profit after tax of US$18.5m in the first nine months of the 2021 financial year, compared to a US$12.0m loss in the corresponding period of the 2020 financial year. Net sales rose by 8% year-on-year to US$213m from US$198m. Cement sales volumes fell by 5% to 4.09Mt from 4.32Mt.

The company praised Pakistan’s ‘smart lockdown’ as a mitigating factor of the damaging effects of the coronavirus outbreak. Clinker production was 94% of capacity, compared to 101% in the first nine months of 2020. Total kiln operational days fell by 8% to 813 from 883. Depending on on-going outbreak conditions, the company forecast continued momentum gains in housing and infrastructure. It expects to commission a new waste heat recovery (WHR) power plant in the fourth quarter, reducing costs.

Published in Global Cement News
Tagged under
  • Pakistan
  • DG Khan
  • Results
  • coronavirus
  • Plant
  • Upgrade
  • Waste Heat Recovery
  • GCW503
27 April 2021

Up to 16 new cement plants under construction in Punjab

Pakistan: Punjab Chief Minister Usman Buzdar says that up to 16 cement plants are being set up in the province. DG Khan will operate three of the new plants, according to the Frontier Star newspaper. Buzdar made the comments at a political meeting in late April 2021.

Published in Global Cement News
Tagged under
  • Pakistan
  • Punjab
  • Plant
  • Government
  • DG Khan
  • GCW503
27 April 2021

Zuari Cements receives closure order for Kapada cement plant

India: The Andhra Pradesh Pollution Control Board (APPCB) has issued Zuari Cements’ Kapada cement plant with a closure order. The order follows an alleged failure to conform to a previous environmental order from the APPCB. The Indian Express newspaper has reported that, pursuant to the order, the board has requested police to cut off the power supply to the integrated cement plant.

Published in Global Cement News
Tagged under
  • India
  • Zuari
  • Plant
  • Closure
  • Andhra Pradesh Pollution Control Board
  • Pollution Control Board
  • Andhra Pradesh
  • GCW503
27 April 2021

Fábrica Nacional de Cemento inaugurates new clinker line at Cal Orcko cement plant

Bolivia: Fábrica Nacional de Cemento (FANCESA) has increased the clinker capacity of its Cal Orcko cement plant to 2100t/day with the inauguration of a new clinker line. The La Razón newspaper has reported that the company launched the project in May 2018 at an investment cost of US$215m. The work employed 1390 people, and a further 4000 indirectly. The producer expects the expanded plant to reach full capacity by mid-2021.

Published in Global Cement News
Tagged under
  • Bolivia
  • Fabrica Nacional de Cementos
  • FANCESA
  • Plant
  • Upgrade
  • GCW503
27 April 2021

Grupo Argos secures US$108m sustainability and gender equality-linked loan from Bancolombia

Colombia: Bancolombia has granted a US$108m loan to Grupo Argos. The loan’s interest rate is linked to two indicators, namely greenhouse gas emissions reductions and the increase in participation by women in the group’s upper management. These factors can decrease the interest rate by up to 100 basic points. The group said that signing the deal constitutes another milestone in realising its environmental, social and governance (ESG) commitment. The financing agreement modifies current conditions for debt and will have a five-year maturity. As such, it does not increase Grupo Argos’ current levels of indebtedness.

Group chief executive officer Jorge Mario Velásquez said “We are proud of this significant step, which reaffirms our commitment to driving gender equality and contributing to fighting climate change with concrete actions. Both of these topics lie at the heart of our Business Group’s strategy, in line with global goals defined in the 2030 Agenda for Sustainable Development.”

Published in Global Cement News
Tagged under
  • Colombia
  • Loan
  • corporate
  • Sustainability
  • Cementos Argos
  • Grupo Argos
  • GCW503
26 April 2021

Shiva Cement decreases loss as sales fall in 2021 financial year

India: Shiva Cement’s consolidated net sales in the 2021 financial year, which ended on 31 March 2020, were US$3.81m. The figure represents a 12% year-on-year decline from US$4.33m. Net loss also fell, by 4% to US$2.94m from US$3.05m.

Published in Global Cement News
Tagged under
  • India
  • Shiva Cement
  • Results
  • GCW503
26 April 2021

China Shanshui Cement’s loss narrows as sales increase in first quarter of 2021

China: China Shanshui Cement recorded a consolidated net loss of US$38.7m, down by 34% year-on-year from US$59.0m. ET Net News has reported that its operating sales increased by 70% to US$481m.

Published in Global Cement News
Tagged under
  • China
  • China Shanshui Cement
  • Results
  • GCW503
26 April 2021

Vietnamese cement dumping reportedly continues in spite of safeguard duty in the Philippines

Philippines: The Department of Trade and Industry (DTI) has launched a probe into the possible imposition of a new anti-dumping duty on imports of cement from Vietnam. The Philippine Star newspaper has reported that Vietnamese cement continues to enter the Philippine market at allegedly dumped prices despite the DTI’s safeguard measures on the product. The DTI is authorised to investigate where prices are believed to be harmful to the domestic industry. Cemex Philippines, Holcim Philippines and Republic Cement have applied for a probe.

Published in Global Cement News
Tagged under
  • Philippines
  • Government
  • Import
  • Investigation
  • dumping
  • Department of Trade and Industry
  • GCW503
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