Global Cement News

China: Tangshan Jidong Cement plans to launch a share buyback scheme by mid-2023. Reuters News has reported the value of the planned scheme as US$39.9 - 55.8m.

Saudi Arabia: Najran Cement recorded sales of US$37.3m in the first quarter of 2022, down by 24% year-on-year from US$49.2m. The producer's net profit was US$6.21m in the quarter, down by 61% from US$16.1m. During the quarter, the production costs increased for the company.

Chile: Melón has inaugurated a new 0.25Mt/yr grinding plant in Punta Arenas. The project had an investment of US$45m, according to the El Pingüino newspaper. In its first year of operation an output of 80,000t is planned. It is the first cement plant in the Magallanes Region. Spain-based Cemengal supplied a Plug&Grind Xtreme grinding unit for the project.

Jorge Eugenín, the chief executive officer of Cementos Melón, attended the event and said, “For us Magallanes has always been an interesting market. Its consumption is comparable to cities in developed countries.” He added that the region has a per capita cement consumption level of 550kg/yr compared to the Chilean mean of 280kg/yr.

The cement producer previously announced plans to double the production of the plant by building a second grinding mill if the market supported it. Eugenín commented that the announcement of a large-scale hydrogen project in the region by Total Eren in late 2021 could add further momentum to expansion plans for the new cement plant.

US: Drake Cement & Materials has inaugurated a new finish mill at its integrated plant at Paulden in Arizona. Chief executive officer Enrique Rozas and Ricardo Rizo Patron, the chairman of parent company Skanon Investments, attended the event. Drake Cement & Materials is a subsidiary of Peru-based UNACEM.

France: Germany-based IKN says it successfully commissioned a new Pendulum Cooler at Lafarge France’s Martres cement plant earlier in the year. The 2500t/day cooler was supplied for the new production line at the unit. It is also equipped with a single grate Dynamic Linear Drive and a roll crusher with three rolls at the cooler end as well as a bypass. It is designed to be used with an alternative fuels thermal substitution rate of up to 85%. IKN thanked Lafarge France and China-based CBMI for their cooperation on the project. The new production line was commissioned in January 2022.