Global Cement News

Saudi Arabia: Yanbu Cement has appointed Fahd bin Sulaiman Al-Rajhi as its chair following an ordinary general assembly. Mohammed bin Abdullah Al-Khereiji has also appointed as vice chair and Nabil bin Mohammed Baghdadi as secretary to the board of directors. The term of each position will last for three years, to late June 2026.

Vietnam: The People’s Committee of Hoa Binh Province authorised Xuan Khiem Group to begin building its Xuan Son cement plant earlier in July 2023. Việt Nam News has reported that the upcoming plant will commence operations in late 2024, and will have a capacity of 2.3Mt/yr.

Kazakhstan: Steppe Cement sold 749,000t of cement during the first half of 2023, down by 11% year-on-year from 837,000t in the first half of 2022. The value of sales fell by 13% to US$38.5m from US$44.4m.

Australia: Korea Hydro & Nuclear Power has concluded a memorandum of understanding (MoU) with Hallett Group and renewable energy consultancy Elecseed. Business Korea Daily News has reported that the signatories will collaborate on Hallett Group’s Green Cement Transformation project. The project aims to reduce CO₂ emissions by 300,000t/yr, and eventually by 1Mt/yr, by producing reduced-CO₂ cement from three industrial waste streams. It will also use green hydrogen. The US$83.6m project has US$13m-worth of funding from the government.

Additionally, the partners say that they will seek to foster a ‘globally competitive hydrogen export industry.’

Ghana: The Bureau of National Investigations (BNI) and the Ghana Revenue Authority (GRA) have arrested managers of Wan Heng Ghana. The Business and Financial Times newspaper has reported that the cement producer is suspected of neglecting to pay US$43.1m in tax. An investigation showed that the company received sufficient imported clinker to produce US$120m-worth of cement between 2018 and 2021, yet declared only US$19.6m-worth of sales. Management then reportedly refused to cooperate with further investigations, leading to the arrests. Wan Heng Ghana produces Sol brand cement.

The Chamber of Cement Manufacturers Ghana (COCMAG) affirmed its commitment to ensuring fair competition and ethical practices within the cement industry. It represents cement producers in the country, including Wan Heng Ghana.