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Canada: Minister of Environment and Climate Change, Steven Guilbeault, announced the reinvestment of up to US$1.6m from industrial pollution pricing proceeds into a new emissions reduction project at St Marys Cement in St Marys, Ontario. This initiative will involve the installation of a new kiln utilising low-carbon fuels, including discarded plastics, to reduce the use of carbon-intensive fuels used in the manufacturing process by up to 30%. The project aims for a reduction of over 39,900t of greenhouse gas emissions by 2030, according to Foreign Affairs news.
India: Oriana Power has received an order for a 40MWp solar power plant in Rajasthan from a cement producer. The project is valued at US$18m. Oriana will provide engineering, procurement and construction, alongside the commissioning, operation and maintenance of the plant. The plant is scheduled for commissioning in April 2025, with a subsequent operation and maintenance period of 25 years.
WEG to supply transformers for St Marys Cement plant 16 July 2024
Canada: WEG will supply the substation of Votorantim Cimentos North America’s St Marys Cement plant in Bowmanville, Ontario with its transformers. The order includes four transformers with capacities of 20MVA and 25MVA and voltage levels of 43.8/4.16kV. Sales and engineering teams from Brazil collaborated with VJ Pamensky Canada, the exclusive distributor of WEG in Canada, on the project.
Pakistan cement producers strike over tax hikes 16 July 2024
Pakistan: Cement producers across Pakistan have initiated an indefinite nationwide strike in response to increased withholding and turnover taxes introduced in the federal budget for 2024-25. The mandatory implementation of Point of Sale systems has also been criticised, due to a lack of resources and training. The All Pakistan Cement Manufacturers Association is urging the government to adopt a presumptive tax regime to mitigate these challenges. Meanwhile, despite domestic challenges, Pakistan's cement exports rose by 40.5% in the first 11 months of the 2023-2024 financial year (FY23-24), which ended on 30 June 2024. reaching almost US$237m from US$168m in the corresponding period in FY22-23.
Vicem records increased losses in 2024 15 July 2024
Vietnam: State-owned Vietnam Cement Industry Corporation (Vicem) reported a loss of US$34m in the first half of 2024, a figure that has increased by 200% year-on-year.
The losses are attributed to a stagnant real estate market, rising material and fuel costs, exchange rate fluctuations and intense competition within the industry. Vicem produced 7.63Mt of clinker and 9.77Mt of cement during the period, experiencing over a 7% year-on-year decline in both. Its revenue also fell by 19.4% year-on-year to nearly US$520m. This is the second consecutive year the firm has recorded a loss, following a US$43m deficit in 2023.