Global Cement News

Bangladesh: HeidelbergCement Bangladesh has announced the completion of its acquisition of Emirates Cement and Emirates Power from UltraTech Cement Middle East Investment. Financial Express has reported the value of the deal as US$21.5m.

Egypt: Alexandria Development Ltd, which owns an 88.93% stake in Alexandria Portland Cement, has submitted an offer for the remaining 11.07% of the company. In a statement to the Egyptian Exchange it stated its intention to delist Alexandria Portland Cement after completing its acquisition of the latter. Alexandria Development Ltd’s indirect owner is Greece-based Titan Cement.

Algeria: Algeria’s estimated value of exported cement in 2019 is US$60m, up by 200% from US$20m in 2018. Algerian Trade Minister Saïd Djellab noted increases to grinding capacity in Guinea Bissau, Senegal, Gabon and Mali as a potential source of revenue from clinker exports, according to L’Expression. “Algeria can meet the needs of these markets and become their leading supplier of clinker in 2020.” The minister estimated that the total value of cement and clinker exports ‘will reach US$400m by 2021.’

India: Demonstrations are underway at the gates of Uma Cement Industries’ Udhampur plant. Early Times has reported the cause as the alleged laying off of drivers without legal cause or notice. Drivers’ union president Rakesh Raina alleged harassment by Uma Cement Industries as well as irresponsible practices in forcing employees to drive overloaded vehicles.

Spain: Brazilian-based Votorantim Cimentos’ subsidiary Cementos Cosmos has received authorisation for the combustion of tyres to fuel the kilns at its 1.6Mt/yr Toral de los Vados plant in León. Diario del León has reported that the government of Castile and León will complete bureaucratic procedures finalising the permit before 25 December 2019.