Global Cement News

Italy: Buzzi Unicem's board of directors has elected to exercise an option of early repayment on a Euro500m bond loan. Italian Collection News has reported that the producer will make the payment on 28 January 2023. The bonds have a coupon of 2.1% and will mature on 28 April 2023.

India: Visaka Industries plans to invest US$15.7m in the construction of a new cement boards plant in West Midnapore, West Bengal. United News of India has reported that the plant will produce the company's Vnext fibre cement board product. When commissioned in August 2023, it will increase Visaka Industries' Vnext boards production capacity to 72,000t/yr. The producer will equip the plant with an ATUM Solar Roof integrated solar power unit, eliminating 840,000t/yr of Scope 2 CO₂ emissions. Visaka Industries plans to employ 500 people at the plant, and additionally support its host community in Shalbani Dakhinshole through its corporate social responsibility (CSR) initiatives.

Germany: Menzel Elektromotoren held a topping out ceremony for the erection of the last structural beam in its upcoming Hennigsdorf motors plant in Berlin on 16 December 2022. The motors manufacturer expects to complete construction in mid-2023 and commission the facility late that year. Full-capacity operations will commence from January 2024. Menzel Elektromotoren will relocate existing equipment from its Central Berlin plant to the new 6500m² site. The Hennigsdorf plant will offer an increased hoist capacity of 80t, enabling it to handle larger pieces of equipment.

In the cement industry, Menzel Elektromotoren motors run blowers, conveyor systems, crushers, fans and mills.

Thailand: Siam Cement Group (SCG) will invest US$2.89bn in new renewable power infrastructure across its businesses. Major growth areas include 3000MW of solar power generation capacity. This will increase group solar capacity by a factor of 15. Saur Energy News has reported that the renewable power projects will support the company’s on-going decarbonisation investments in cement and other businesses.

SCG is committed to achieving a circular business model and net zero CO₂ emissions by 2050.

Europe: Cembureau has welcomed a satisfactory conclusion to talks over the new Carbon Border Adjustment Mechanism (CBAM) under the European Union (EU) Emissions Trading Scheme (ETS). Negotiators from different EU institutions agreed to a gradual CBAM implementation, which will officially commence in October 2023. Free allocations of ETS credits to the EU cement sector and other industries will phase out between 2026 and 2034. During this transition period, CBAM duties will apply to imported products in proportion to EU production not covered by free allocation.

Cembureau's chief executive Koen Coppenholle said “The agreements on CBAM and ETS are essential to create a global level playing field on CO₂ and support our sector in its transition to carbon neutrality. It is positive that the EU institutions strengthened some key aspects of CBAM. We however regret that the adopted texts do not provide a structural solution for exports. Some EU countries export up to 50% of their domestic cement production and these will be at risk should no concrete export solution be found before 2026.”

Coppenholle added “Looking ahead, we need to focus on CBAM implementation and its water-tightness, to ensure the mechanism fully equalises CO₂ costs between EU and non-EU suppliers. It is also essential that policymakers support EU industries like cement, which are confronted with unsustainably high energy costs at a time some of our trading partners are launching massive subsidy programmes. CBAM, ETS and a strong innovation fund are essential parts of the puzzle, but we look forward to European Commission proposals for a truly ambitious industrial policy, as requested by the European Council in its meeting of 15 December 2022.”