Global Cement News

Sweden: Lars Engström, the president of Sandvik Mining and Rock Technology, has announced his plans to leave Sandvik during 2019 after the appointment of a successor. Engström has been a member of Sandvik Group’s Executive Management and led the Business Area Sandvik Mining and Rock Technology since 2016.

Kyrgyzstan: Commissioning of the Kemin cement plant in Chuy region has been delayed due to electricity supply issues. Members of parliament have been discussing the delayed opening of the plant, according to the Central Asia News agency. The Chinese-backed plant project held its ground-breaking ceremony in mid-2014. It had an investment of US$120m. The unit has reportedly been built but it cannot be commissioned due to technical issues relating to its electricity supply, despite being situation close to the Datka Kemin power station. A working group was created in December 2018 to work with investors to solve the problems.

Philippines: Republic Cement Services plans to commission two cement grinding mills in 2019 at a cost of US$20m each. Once completed the company will have a cement production capacity of around 9Mt/yr, according to GMA News. President Nabil Francis also said that the company would need more clinker for the mills. This could either be sourced locally or from imports.

India: Shree Cement’s income rose by 15% year-on-year to US$1.18bn for the first nine months of 2018 from US$1.07bn in the same period in 2017. However, its profit before tax fell by 50% to US$95.2m from US$192m. This was mainly due to rising power and fuel costs and logistic expenses.

Pakistan: Local cement despatches grew by 5.9% year-on-year to 40.9Mt in 2018 from 38.6Mt in 2017. Exports increased by 42% to 5.9Mt from 4.6Mt, according to data from the All Pakistan Cement Manufacturers Association. Overall, all cement despatches rose by 9.4% to 46.8Mt from 42.8Mt. By region, despatches and imports grew faster in the south of the country and exports fell by 7.8% in the north. Exports to Afghanistan fell by 12% but exports to India rose by 2% and overseas exports increased by 155%.