Global Cement News

India: Ramco Cements plans to invest US$64m in a modernisation and capacity expansion of its Ramasay Raja Nagar cement plant in Tamil Nadu. The Hindu newspaper has reported that the project involves building a new 3000t/day clinker line to replace a 1450t/day line. This will increase the plant’s overall capacity by 32% to 1.44Mt/yr from 1.09Mt/yr. The company has placed equipment orders for the project and plans to commissions the upgrade in December 2022. It expects to receive environmental clearance for the work in September 2021.

Philippines: Japan-based Taiheiyo Cement has underwritten a US$250m capital increase for its subsidiary Taiheiyo Cement Philippines. Nikkei Business Trends News has reported that the company has scheduled six payments between July 2021 and January 2024. The funding will increase Taiheiyo Cement Philippines’ total capital to US$291m.

Algeria: Ahmed Zeghdar, the Minister of Industry, says that he will help reduce the difficulties that Groupe des Ciments d'Algérie (GICA) faces with its exports. During a meeting with the management of GICA the minister said that the government would assist with logistical problems linked to sea and land transport, according to the Expression newspaper. He also urged the company to increase its exports due to high domestic cement production capacity. GICA produced over 11Mt of cement in 2020 and this is expected to rise to nearly 17Mt in 2021. Its exports reached a value of nearly US$600m in 2020 and are forecast to reach US$1bn in 2021.

Paraguay: Industria Nacional del Cemento (INC) says that it will not increase its cement prices despite the high cost of petcoke. The state-owned producer reports that both increasing international prices for the fuel and logistical challenges, such as varying river water levels, have raised overall prices. It added that stopping production would cause negative impacts to both the construction sector and the local economy.

Australia: James Hardie Industries has published its 2021 Sustainability Report, entitled Building Sustainable Communities. The report outlines the group’s sustainable future, commitments and progress to date in four key areas, namely Communities, Environment, Innovation and Zero Harm. The framework uses measurable goals, such as a 40% greenhouse gas reduction between 2019 and 2030, a 5% increase in gender diversity in management positions between 2020 and 2024 and an increase in the proportion of revenues covered by environmental product declarations to 80% from 26% in the 2021 financial year. Formalised in the 2021 financial year, the sustainability strategy is integrated with James Hardie’s global strategy for value creation and operational performance.

Chief executive officer Jack Truong said “Our commitment to building better, more sustainable communities starts by building better homes, with the homebuilding materials of the future.” He added “Our commitment to a sustainable future extends to our James Hardie community, the local communities in which we operate and across the largest shared community of all, our global ecosystem. At James Hardie, we are transforming the way the world builds by offering better, safer and more sustainable products.”