India: The Securities and Exchange Board of India (SEBI) has fined Jaypee Infratech US$9140 for its failure to disclose its issue of a series of non-convertible debt securities. The company additionally failed to inform the BSE exchange of defaults in payment with respect to some of the series.
Taiheiyo Cement reports oil spill at Kamiiso Plant
Japan: Taiheiyo Cement says a marine oil spill took place at its Kamiiso Plant in Hokkaido on 11 March 2022. The spill was reported after a ship had finished unloading at the plant’s pier. The cement producer has apologised for the incident and is conducting an investigation.
Tudela Veguín temporarily shuts kiln down at La Robla cement plant
Spain: Tudela Veguín has shut the kiln down for 10 days at its La Robla integrated cement plant in Castile and León. It has blamed the high price of electricity for the stoppage, according to the Diaro de León newspaper. The company says it has sufficient stocks of cement to continue to supply customers during the shutdown. The plant has a production capacity of 1.2Mt/yr but it produces 0.3Mt/yr at present.
Holcim Russia continues operations
Russia: Holcim Russia says that it is continuing to work as normal and is “fully fulfilling its obligations” to its customers. In a statement on its website it said that its priorities were to, “...maintain the efficient operation of production sites, meet the needs of construction industry customers, and the well-being of the company's 1800 employees in Russia.”
Parent company Holcim, based in Switzerland, said that it was appalled by the human suffering in Ukraine and Eastern Europe. It added that its operations in Russia were continuing to run in full compliance of all regulations and that it would continue to supply the local market. However, it said that it had decided to suspend further capital investments in Russia and keep the situation under review.
