Global Cement News

Pakistan: Power Cement has appointed Taha Hamdani as its chief financial officer. He succeeds Irfan Sikander Bawa in the post.

Kenya: National Cement Company expects to commission its upcoming West Pokot clinker plant in September 2023. The cement company says that the plant will produce clinker for export to neighbouring countries in Central and East Africa. A previous survey by the Kerio Valley Development Authority proved reliable reserves of 1.2Mt/yr of limestone in the area. When commissioned, National Cement Company expects the new plant to generate 2000 direct jobs.

Australia: Adbri reported a full-year rise in sales of 8.5% year-on-year to US$1.15bn in 2022 from US$1.06bn in 2021. Its earnings before interest and taxation (EBIT) fell to US$106m, down by 10% from US$118m. The producer said that its cement sales rose by 6.3% year-on-year. Demand remained ‘solid’ in Western Australia, while sales dropped in Southern Australia, partly due to wet weather and the loss of an exclusive supply contract. Adbri noted that “The backlog of residential construction works, attributed to the shortage of trades and wet weather in 2022, will continue to underpin good order books in 2023.”

The group said “The past year has been one of the most challenging for the company in its long history. Our results were delivered against the backdrop of a difficult macroeconomic environment, which included the global economic instability resulting in inflationary pressures and wet weather events across Australia. The company also underwent a substantial leadership transition in the latter part of the year, with the former managing director and chief executive officer (CEO) and chief financial officer stepping down from active duties as the company accelerates its transformational agenda.”

In 2022, Adbri achieved a 12% reduction in operational CO₂ emissions compared to 2019. Chief executive officer Mark Irwin called on the national government and state governments to embed CO₂ emissions reduction targets in legislation, and on the former to implement a carbon border adjustment mechanism on imported cement. Irwin noted that failure to implement such measures may lead lower-emitting plants such as the Birkenhead, South Australia, cement plant to transition to grinding imported clinker or consider closure.

Peru: The Peruvian National Institute for the Defence of Free Competition and the Protection of Intellectual Property (Indecopi) has fined Yura and fellow Grupo Gloria subsidiary, transport company Racionalización Empresarial (Raciemsa), US$15.7m for abuse of their dominant position. Local press has reported that the companies conducted anti-competitive practices in Arequipa, Cusco, Moquegua, Puno and Tacna, where Yura holds an over 90% market share, between October 2014 and April 2019. Alleged practices included threatening to restrict the supply of Yura cement to enforce exclusive supply contracts and restricting access to Yura cement plants for trucks transporting cement from other producers.

Philippines: Knauf Gypsum Philippines has petitioned the Philippines Tariff Commission to reduce the import duty on imports of Omani gypsum to 0% of value. Currently, Oman’s gypsum enjoys a most favoured nation (MFN) reduced tariff rate of 3%. The Oman Daily Observer newspaper has reported that high gypsum wallboard demand has created short supply of gypsum in the Philippines, according to Knauf Gypsum Philippines. Beside the company’s wallboard operations, the raw material is also critical to cement production in the country.

The Philippines receives a minor share of Oman’s 8.74Mt/yr of natural gypsum exports. The Southeast Asian country has a housing backlog of 6m units.