Global Cement News

US: The Portland Cement Association (PCA)’s Environment and Energy Committee met in Tampa, Florida, to discuss the formation of a new coalition with other industry bodies under the leadership of the US Chamber of Commerce. The PCA said the coalition will take legal action against the US government, following the Environmental Protection Association (EPA)'s introduction of new, lower particulates emissions standards. The association says that the revised standards may lead to layoffs and lower cement and concrete production.

Other items on the agenda for the committee’s biannual meeting include permitting and regulatory reform for carbon capture, utilisation and storage and alternative fuels for cement production.

Saudi Arabia: Eastern Province Cement Company has entered into a contract with China National Building Material subsidiary Sinoma CDI to build its Khursaniyah cement plant’s upcoming 10,000t/day Line 5. Mubasher News has reported the value of the contract as US$271m. The contract includes engineering, supply, construction, installation, testing, operation and training services on a complete turnkey basis.

CEO Fahd bin Rashid Al-Otaibi said “The project aims to replace some low-efficiency production lines, enhancing energy efficiency and the company's capacity to meet local demand. This initiative aligns with the kingdom's vision to maximise shareholder returns and support future infrastructure projects that improve quality of life.”

The company secured approval from its board to award the contract to Sinoma CDI in January 2024.

Spain: FCC’s sales rose by 17% year-on-year to €9.03bn in 2023. Meanwhile, the company’s earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 17% to €1.53bn. The company reported a profit growth of 88% to €591m, following the stabilisation of its main business areas, particularly in cement. The cement business registered a 19% increase in turnover. The business includes Cementos Portland Valderrivas.

Ireland: CRH reported a 7% year-on-year increase in revenues to US$34.9bn in 2023. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 15% to US$6.2bn. It attributed its earnings growth to favourable weather conditions that facilitated the clearance of work backlogs. Looking ahead, CRH forecasts EBITDA of US$6.55 – 6.85bn in 2024.

CEO Albert Manifold said “Despite continued inflationary cost pressures during 2023 we expanded our margins and delivered further growth in profits, cash generation and returns.”

Tanzania: Huaxin Cement Tanzania Maweni Company has successfully commenced operations at its new Mavini plant. INPR News has reported that the plant will export cement to other countries. This will generate economic growth whilst also creating 1000 new jobs for local people, according to the company.