Global Cement News

Egypt: The Arabian Cement Company is to collaborate with the European Bank for Reconstruction and Development (EBRD) and Qatar National Bank (QNB) to build a solar power plant at its Suez cement plant. The banks are providing funding of over US$5m to support the project, according to the Daily News Egypt newspaper. The solar plant will be built in collaboration with Solarize Egypt. It is scheduled to start operation in the second quarter of 2019.

Italy: Colacem plans to restructure its ownership of its Ragusa cement plant in Sicily as a separate subsidiary. The final closure of its former Modica plant, also in Sicily, will take place on 1 March 2019, according to the Mercati Finanziari newspaper. 14 employees will be transferred from the Modica site to Ragusa.

Bangladesh/Saudi Arabia: Tabuk Cement is in talks with the government of Bangladesh to export clinker to the country. The company’s clinker inventory will decrease by 1.2Mt once the arrangement is completed, according to Mubasher. The proceeds of the deal will be recorded in the company’s financial statement for the first quarter of 2019.

Sri Lanka: Insee Cement is the first cement company to use the newly diversified Hambantota International Port. Bulk carrier Ithaca Patience docked at Hambantota to discharge 27,150t of slag, according to the EconomyNext. Thusith Gunawarnasuriya, Director of Procurement and Logistics, Insee Cement, the consignee of the slag cargo, said that the company is considering monthly or bi-monthly shipments via Hambantota. Insee Cement has previously used ports at Colombo, Trincomalee and Galle.

Philippines: The Department of Trade and Industry (DTI) will impose a provisional safeguard duty of US$0.16/bag on imported cement. The decision follows an investigation where it said there were clear elements of a surge in cement imports and that this would cause injury to local producers, according to the Philippine News Agency. The import duty is equivalent to about 4% of the cost of a 40kg bag of cement. Data from the Philippine Cement Importers Association (PCIA) using sources from the Bureau of Import Services showed that of the total 28.6Mt of demand in 2017, local manufacturers supplied 25.6Mt while importers supplied the remaining 3Mt.