India: A shortage of limestone in the Jammu and Kashmir union territory since December 2021 has resulted in cement plant workers being laid off in Udhampur district. The local sector has lobbied the regional government to supply limestone from state-controlled quarries to fix the situation, according to Asian News International. One cement plant employee interviewed by the news agency said that his plant had laid off around 80 workers from a total of 200 due to the shortage.
PPC Zimbabwe complains about imports
Zimbabwe: Kelibone Masiyane, the managing director of PPC Zimbabwe, has complained about the negative effects rising imports of cement could have upon the local cement industry. In an interview with Business Weekly he said that imports had doubled to 16% over the last year and that this is restricting PPC’s efforts to reach its desired capacity utilisation levels. PPC and other producers have lobbied the government to slow down imports. PPC operates two integrated plants in the country with a combined production capacity of 0.7Mt/yr. Selected retailers interviewed separately reported that they had experienced difficulty obtaining cement from PPC recently.
New cement plant to be built in Iran’s Hormozgan Province
Iran: Mehdi Dosti, the governor of Hormozgan Province, says that a new 3000t/day cement plant will be built in the region. Dosti met with the head of Cement Investment Holding to discuss the project, according to the Islamic Republic News Agency (IRNA). The project is intended to increase cement production and create jobs in the province. Currently, Hormozgan Province has a 6000t/day cement plant at the Port of Khamir but cement is also imported into the region.
Vicat to buy additional 42% stake in Sinai Cement
France/Egypt: France-based Vicat has issued a mandatory tender offer to buy an additional 42% stake in Sinai Cement. The proposal follows a final settlement agreement signed between Vicat and the Egyptian government in late March 2021, according to the Daily News Egypt newspaper. Following the completion of the transaction Vicat should own a 98% in the Egypt-based cement producer based on its reported ownership at the end of 2021.
In 2021 Vicat raised a case against the Egyptian government with the International Centre for Settlement of Investment Disputes. Media reports at the time alleged that the cement producer was being forced to reduce its shares in its subsidiary Sinai Cement due to a law stopping foreign ownership of companies operating in the Sinai Peninsula on the basis of security grounds. Around the same time Vicat also announced publicly that it was keen to continue operating in the country.


