Global Cement News

India: Two pipe bombs have been found by police at India Cements plant at Sankarnagar, Tirunelveli in Tamil Nadu. The explosives were discovered after the plant manager was asked for a ransom of around US$70,000, according to the Indo-Asian News Service. Police suspect that the bombs were left at the site by former employees whose contracts were terminated due to coronavirus-related restrictions. However, terrorist activity is also being considered. The cement producer said that no one was hurt in the incident and production at the site continues uninterrupted.

Dominican Republic: The Dominican Association of Portland Cement Producers (ADOCEM) reports that the local sector produced 5.1Mt of cement in 2020. 4.4Mt was consumed locally and around 0.7Mt was exported, according to the El Día newspaper. The country has five integrated plants and two grinding plants.

Cameroon: Two cement trucks masquerading as belonging to a United Nations agency have been seized by customs officials. The smugglers were pretending to be transporting food and pharmaceutical products in transit to Chad, according the Ecofin Agency. The cement is believed to have originated from Nigeria. The operation by customs authorities was part of the ongoing Halcomi (halte au commerce illicite) initiative.

North America: Australia-based Boral has signed an agreement with a subsidiary of Westlake Chemical Corporation for the sale of its North American Building Products business. The value of the sale is US$2.15bn and the proceeds will increase Boral’s surplus capital, enabling it to reduce its net debt target to US$0.98m from US$1.13m. Boral’s North American Building Products manufactures and supplies cladding, roof tiles, windows and other light building products for residential and commercial markets

Under its on-going review of its North American Fly Ash business, Boral is now considering a divestment, a joint venture or a strategic alliance formation for the subsidiary. It said that it expects to decide by August 2021.

Russia: Chrysotile producer Uralasbestcement has acquired a 54% stake in Belgorodasbestcement via its subsidiary Asbotsemizdelie. Belgorodasbestcement produces chrysotile or white asbestos cement products for domestic sale and export, according to the AK&M Information Agency.