US: A coal pile collapse at Cemex USA's Knoxville, Tennessee, cement plant killed one worker at the plant earlier in November 2022. Local press has reported that Thomas Mitchell, aged 21, died at the scene.
Cemex says that it is cooperating with an on-going investigation into the disaster.
India: Ramco Cements has approved plants to build a second production line at its Haridaspur grinding plant in Jajpur District, Odisha with a capacity of 0.9Mt/yr. Around US$16m has been earmarked for the project. Once commissioned the plant’s total capacity will be 1.8Mt/yr.
The cement producer’s revenue grew by 31% year-on-year to US$442m in the first half of its financial year to 30 September 2022. However, its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 35% to US$61.9m. It blamed the loss in earnings on falling cement prices and mounting fuel costs. The company currently has cement and clinker production capacities of 21Mt/yr and 14Mt/yr respectively. It also reported that a 6MW waste heat recovery unit at its Kurnool plant in Andhra Pradesh will be commissioned in November 2022. An additional 6MW at the same plant is scheduled to start operation in March 2023.
Brazil: Votorantim Cimentos’ net revenue grew by 18% year-on-year to US$3.60bn in the first nine months of 2022 from US$3.04bn in the same period in 2021. Its cement sales volumes rose slightly to 27.8Mt. However, its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 16% to US$659m from US$780m.
Domestically the group said that its revenue grew because price rises counteracted falling sales volumes of cement. Outside of Brazil it reported growing revenue, apart from in its Latin American business. Here it blamed the fall on a new competitor entering the Uruguayan market and market issues in Bolivia. Earnings were noted to have decreased in every region mainly due to mounting fuel, raw material and energy costs.
Votorantim launched a new logo in October 2022 and completed its acquisition of Heidelberg Materials' Southern Spanish businesses in November 2022. The purchase included an integrated cement plant located in Málaga, three aggregates quarries and 11 ready-mix concrete plants in the Andalusia region.
Philippines: The Department of Trade and Industry (DTI) has backed a recommendation from the Tariff Commission (TC) to repeal import duties on Ordinary Portland Cement and Blended Cement. The so-called safeguard measures were originally introduced in October 2019 for a period of three years, according to the Philippine Star newspaper. The latest investigation by the TC was started due to a request by the Cement Manufacturers Association of the Philippines (CEMAP). However, it found that the domestic cement industry was generally profitable and it said, “There is no existence of an imminent threat of serious injury and significant overall impairment to the position of the domestic cement industry in the near future.” CEMAP said it was saddened by the recommendation of the TC and that it would jeopardise the local sector’s progress.
