Egypt: Arabian Cement Company more than doubled its sales year-on-year to US$139m during the first nine months of 2022. As a result, the company recorded a net profit of US$10.7m during the period, compared to a US$946,000 loss in the corresponding period in 2021.
Court issues injunction against Empire Cement's McCarthy Hills cement facility
Ghana: A court has issued an injunction for Empire Cement to desist from operating its unlicensed McCarthy Hills cement facility. Ghana News Agency has reported that the China-based producer's activities at the site present a health hazard to local people. The McCarthy Hills Residents' Association said that the company was established to be exclusively a producer of paper bags for cement products.
Vicem awards 6Mt cement and clinker import contract in Philippines
Philippines: Vietnam Cement Industry Corporation (Vicem) has awarded a three-year, 6Mt cement and clinker import contract to Fenix (CEZA) International and Gold Falcon Trading Corp. The agreement will have effect from 2023 until 2025. Việt Nam News has reported that Vietnam's Minister of Construction, Nguyen Thanh Nghi, and National Assembly chair, Vuong Dinh Hue, attended the contract's signing in Manila.
Declining demand, primarily from China, has diminished Vietnam's cement exports over past months. Vietnam produced 130Mt of cement in 2021, but consumed just 65Mt.
Belarusian Cement Company's exemption from customs duty and VAT extended
Belarus: The government has extended Belarusian Cement Company's exemption from paying customs duties and value added tax (VAT) on its goods imports until 31 December 2023. PrimePress News has reported that the cement producer had previously been exempt from payments up until 30 September 2022.


