Global Cement News

Pakistan: Two employees of DG Khan Cement have been killed in a gun attack. A third worker was seriously injured in the incident, according to the Dawn newspaper. Police report that unidentified motorcyclists in Dera Ghazi Khan opened fire on a company security van whilst it was transporting workers to a nearby plant. The victims died at the DG Khan Medical College.

Ireland: Irish Cement has been fined Euro4000 for dust emissions in December 2017. The subsidiary of CRH pleaded guilty at Limerick District Court to breaking the terms of the industrial licence at its plant in Limerick in early December 2017, according to the Irish Times newspaper. The cement producer reportedly unsuccessfully attempted to clear a build-up of dust in the plant’s kiln. A ‘significant’ amount of dust polluted the local neighbourhood subsequently leading to 21 complaints to the Environment Protection Agency. The cement producer was fined previously in mid-2018 for dust emissions occurred in April and May 2017.

Italy: Bedeschi has signed a contract to supply a clinker storage system to Cementeria Costantinopoli in Barile. The order includes a type STK P bridge stacker and a type BEL C bridge reclaimer. The storage system consists of: a belt conveyor (15m x 1m); a belt conveyor (60m x 1m); a STK P 25/1000 bridge stacker; and a BEL C 160/21 bridge reclaimer. The system will have a stacking capacity of 100t/hr and a reclaiming capacity of 130t/hr.

Oman: The board of directors of Oman Cement has agreed to move ahead with the construction of an integrated cement plant at Duqum. The unit will have a clinker production capacity of 5000t/day and an expected investment of US$212m. The project is being financed by the company and its shareholders. Previously the project was linked to Raysut Cement as a joint venture run under the Al Wusta Cement brand.

Argentina/US: US law firm Howard G Smith has filed a class action lawsuit against Argentina’s Loma Negra on behalf of investors that purchased securities in the company’s initial public offering (IPO) in late 2017. The legal complaint alleges that the cement producer misled investors by: misrepresenting Loma Negra's exposure to a corruption scandal affecting its owner, Brazil’s InterCement; misrepresenting demand for Loma Negra’s products; misrepresenting the general state of the Argentine economy; and including references to known potential risks that had already happened.

Loma Negra launched its IPO in November 2017. Since then cement sales in Argentina have fallen year-on-year in the second half of 2018 and the general economy has floundered. The local competition body, the National Commission for Protection of Competition, also started an investigation into alleged collusion and coordinated behaviour in the cement industry in May 2018