China: China Tianrui Group Cement reported a year-on-year decline in its sales during 2022. The group recorded sales of US$1.61bn, down by 15% from US$1.85bn. Its net profit was US$65.1m, down by 63% from US$174m.

India: Ramco Cements has accepted bids worth US$60.9m for bonds maturing in four years, in four years and six months and in five years. Reuters has reported that the two shorter maturity bonds are each worth US$18.2m, while the five-year maturity bond is worth US$24.3m.

Saudi Arabia: Southern Province Cement says that it has finished reviewing submissions for a contract to build a new line at its Jazan cement plant, and is now drafting and reviewing the contract to sign with its chosen contractor. The new line will have a capacity of 10,000t/day and will replace existing production lines.

Southern Province Cement recorded sales of US$357m in 2022, down by 9% year-on-year from US$325m in 2021. The company said that its operating expenses rose, while its cement volumes and selling prices fell. Its profit dropped by 30% to US$80.2m from US$114m.

Tanzania: Tanzania Ports Authority (TPA) plans to expand the capacity of the 54,000t/yr port of Kasanga on Lake Tanganyika in Rukwa Region. Mbeya Cement Company exports 42,000t/yr of cement via its terminal at the port to the Democratic Republic of Congo and Zambia. The port has been undergoing a US$1.92m upgrade to raise its berths due to rising water levels in Lake Tanganyika since April 2019.

The port of Kasanga generates revenues of US$34,200/yr for the TPA, primarily from Mbeya Cement Company’s export operations.