Global Cement News

US: Buzzi subsidiary Buzzi Unicem USA has published an update following a fire on the evening of 13 July 2023. The producer said that it first detected smoke from an alternative fuel (AF) store that housed wood chips and shredded tyres. Staff contacted the fire service, which brought the blaze under control without any injuries. The fire damaged the siding of the storehouse, as well as some electrical equipment. The producer said that the Stockertown cement plant did not lose electrical power, and that it is currently evaluating the extent of the damage.

Plant manager Rad Slavov said “I want to thank all the emergency responders for their quick response and professionalism in getting the fire under control swiftly.”

Spain: The Spanish cement association, Oficemen, recorded total national cement consumption of 7.54Mt throughout the first half of 2023. This corresponds to a 0.3% year-on-year rise from first-half 2022 levels. Meanwhile, first-half exports fell by 2.3% year-on-year to 2.84Mt.

The Cinco Días newspaper has reported that Oficemen general director Aniceto Zaragoza said “The first half of 2023 has closed with zero growth, in line with our forecasts at the beginning of the year. The confluence of three elections, which will end with the general elections on 23 July 2023, is an unusual circumstance, which has affected not only investments in public works but also at the business level." Zaragoza added that construction decision-making had 'already slowed down by itself due to the current international situation.'

Kenya: The government says that it has found a 'strategic investor' to buy a 30% stake in East African Portland Cement Company (EAPCC). Business Daily News has reported that the buyer will acquire shares from the National Treasury, the National Social Security Fund (NSSF) and Lafarge South Africa. The government holds 25% of EAPCC's shares through the Treasury, while the NSSF holds 27% and Lafarge South Africa 42%.

Lafarge South Africa denied that it plans to sell any of its shares in EAPCC. Chief executive officer Geoffrey Ndugwa said "We are not aware that we will be ceding shares.”

The government said that shareholders currently face the decision to sell EAPCC's land, seek a bailout from the Treasury or liquidate the company. It expects shareholders to reach a decision and establish a comprehensive plan for the company by 17 August 2023.

Ghana: Dangote Cement says that it has finished building a new grinding plant in Ghana. Tech Economy News has reported that the new facility has a capacity of 400,000t/yr.

Dangote Cement already operates the Tema cement terminal in Accra. Local press previously reported that Dangote Cement imported 1.5Mt of cement into Ghana in 2022.

Oman: Raysut Cement reported a net loss of US$4.52m during the first half of 2023. This corresponds to a drop of 67% year-on-year from US$13.8m in the previous first half. The Oman Daily Observer newspaper has reported that the producer attributed the loss reduction to its implementation of operational efficiency and cost reduction measures, as well as growth in sales volumes, during the latest half.