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Brazilian cement sales drop in first nine months of 2022 14 October 2022
Brazil: Cement producers sold 47.7Mt of cement in the first nine months of 2022, down by 3% year-on-year from the same period in 2021. The Brazilian National Cement Industry Association (SNIC) has forecast a 2% year-on-year decline in full-year cement sales to 63.7Mt in 2022. The association foresees global finance-related challenges and high energy and raw materials costs during the fourth quarter of 2022. Annual cement sales previously grew by 23% to 65Mt in 2021 from 53Mt in 2019.
SNIC president Paulo Camillo Penna said “Our expectation for 2022 was to maintain the gains of this three-year period, but, unfortunately, due to high interest rates, indebtedness and cost pressure, we were not able to.”
Philippines: Republic Cement is supporting efforts to remove plastic pollution from the sea by co-processing the waste in its cement production. The Business Mirror newspaper has reported that the cement producer has partnered with plastic waste collector Pure Oceans to take delivery of shipments cleaned up from off the coasts of Batangas and Davao.
Republic Cement chief executive officer Roman Menz said "Republic Cement is proud to partner with organisations such as Pure Oceans. Their deep commitment towards safeguarding the environment, while making significant contributions to the Philippine plastic waste crisis, is an inspiration for us to continue doing what we do in order to make a tangible impact on our communities, towards building a greener and stronger republic."
Through its partnerships with local fishing communities, Pure Oceans diverted 1.93m bags of plastic waste over the three years prior to the start of October 2022.
FLSmidth secures Euro150m sustainability-linked loan 13 October 2022
Denmark: Nordic Investment Bank (NIB) has granted a 150m loan to FLSmidth to support technological developments for the growth of sustainability in the cement and mining sectors. The supplier said that the loan tracks three core sustainability indicators: FLSmidth's ratio of partners with SBTi-certified science-based targets, FLSmidth’s own Scope 1 and 2 CO2 emissions and its products' Scope 3 impacts.
Chief financial officer Roland Andersen said “With our MissionZero pledge, we are fully committed to developing technologies and solutions that will enable the mining and cement industries to move towards zero emissions by 2030. As sustainability is an integral part of everything we do, it is only natural for us to also link our financing to our sustainability ambitions. This is a first step in this direction, and we are very pleased with the long-term commitment provided by NIB."
Wright Engineering upgrades Lhoist's Whitwell lime plant 13 October 2022
UK: Wright Engineering has installed new inlet sealings on a kiln at Lhoist's Whitwell lime plant in Derbyshire. The new configuration increases the distance between the kiln's leaf segments and inlet to 400mm. The supplier says that the increased distance from the flow of incoming material will alleviate spillage issues in the kiln.
Lucky Cement buys back US$212,000-worth of shares 13 October 2022
Pakistan: Lucky Cement has informed the Pakistan Stock Exchange of its purchase of US$212,000-worth of its shares. The producer's board of directors passed a resolution for the buyback on 20 September 2022.