Global Cement News

Philippines: Cemex Philippines has received a set of tax breaks and financial incentives for the new 1.5Mtyr production line it is planning to build at its Solid Cement plant in Antipolo, Rizal. Its subsidiary Solid Cement has obtained ‘pioneer’ status from the Board of Investment (BOI) but with ‘non-pioneer’ incentives, according to the Inquirer newspaper. This means that the project may be able to benefit from a longer income-tax holiday. The new production line is scheduled to be operational by early 2020.

Colombia: Ordinary Portland Cement production grew by 1.2% year-on-year to 12.5Mt in 2018 from 12.3Mt in 2017. Data from DANE, the Colombian statistics authority, shows that deliveries to the local market increased slightly, by 0.2%, to 12Mt. Production grew faster in December 2018 on a year-on-year basis with 6.8% growth.

Denmark: An improving mining market has driven FLSmidth’s sales, order intake and earnings in 2018. Its overall order intake grew by 13% year-on-year to Euro2.91bn in 2018 from Euro2.57bn in 2017. Its revenue increased by 4% to Euro2.51bn and its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 5% to Euro212m.

"The high order intake in 2018 is due to an improving mining market, but it also reflects the performance of our organisation, our position and strong lifecycle solutions. This combination lays a good foundation for future growth," said group chief executive officer (CEO) Thomas Schulz.

However, the group’s cement business order intake remained stable at Euro1.19bn. Sales revenue fell by 3% to Euro1.10bn and EBITDA dropped by 22% to Euro51m. It described the cement market as “very competitive with stable pricing at a low level.” It did note a ‘healthy level’ of small to mid-sized orders related to grinding plants, upgrades, retrofits and single equipment. Replacement and upgrade projects are anticipated to show continued growth in 2019.

Vietnam: Italy’s Bedeschi has signed a contract to supply a double roller crushing unit and relevant control panels for the Quicklime Plant being built in Hoa Binh, Northern Vietnam. The unit is being built by a local cement producer. Start-up is scheduled by mid-2020.

US/Canada: Terex says that its Terex Washing Systems (TWS) brand is investing in its North American sales and operational teams. Following the spend it will have 20 regional partners via 50 service depots, 60 mobile trucks and 100 technicians in the region.

“Our new enhanced levels of sales and service and support will build upon momentum gained in recent years as we continue to focus on serving customers, with world-class washing equipment solutions that add commercial value to their operations,” said TWS’ director Oliver Donnelly.

TWS manufactures products for the mineral washing sector for aggregate, recycling, mining and industrial sand industries.