Global Cement News

Poland: PGE Group is ordering a feasibility study for a planned new cement production facility in Bełchatów county. Polish News Bulletin has reported that the plant will take advantage of locally available fly ash from coal-fired power plants.

China: Tangshan Jidong Cement plans to raise US$148m through an issuance of bonds. Reuters News has reported that the producer will use some of the funds to repay its debts, and the remainder to replenish its capital.

Malaysia: Cahya Mata Sarawak says that it has no plan to double the capacity of its Bintulu, Sarawak, grinding plant, Reuters News has reported. The company, however, noted the potential ‘opportunity’ offered by the construction of a new Indonesian capital in Nusantara, East Kalimantan, on the opposite side of Borneo.

Australia: Boral announced the expiration of its tender offer for up to US$300m-worth of guaranteed senior notes on 21 July 2022. The producer recorded a total principal amount tendered of US$425.7m. The 3.75% notes are due in 2028.

Canada: The provincial government of Alberta has signed a contribution agreement for US$3.87m in funding towards Lafarge Canada’s planned carbon capture installation at its Exshaw cement plant. The cost of the system is US$20.9m. Offshore Energy News has reported that it is one of 11 carbon capture projects in the province which Alberta Minister of Energy Sonya Savage said will be operational by 2030. Ultimately, project partners plan to establish a CO₂ sequestration hub and transport network connecting the capture sites of various industry partners.