Global Cement News

Switzerland: Holcim Schweiz has replaced the kiln stack at its Eclépens cement plant. Deputy plant manager Christian Petit said that the previous stack had been in place since 1971. He thanked the team which installed the new 100m-high stack on 22 October 2021.

Sri Lanka: The government has adjusted the monopoly situation at Trincomalee Harbour to allow multiple industries to freely make use of land at the port. The policy aims to further boost the development of Indian Ocean trade.

Tokyo Cement (Lanka) operates a 2.4Mt/yr grinding plant at Tincomalee Harbour, and is in the process of establishing a new 1Mt/yr integrated cement plant at the port’s China Bay dock.

Spain: The large taxpayers unit of the Tax Agency has imposed a Euro63m fine on Cemex España for issues relating to past tax payments. The El País newspaper has reported that the fine follows an investigation of the company’s corporation tax payments between 2010 and 2014. The agency previously imposed a Euro456m fine on Cemex in 2011 for inflating its losses between 2006 and 2009.

Japan: Ube Industries has revised its profit forecast downwards for the 2022 financial year. It now expects a net profit of US$171m in the year to March 2022, a 15% fall year-on-year, compared to its previous forecast of US$184m. It has also forecast full-year consolidated sales of US$5.57bn, a rise of 3.4% year-on-year. The Nikkei newspaper has reported that the group attributed the lower figure for profit to increased costs of cement production, transport and its on-going integration of its cement businesses.

Turkey: Sormas Refrakter has agreed to sell 85% of its shares to RHI Magnesita for Euro38.8m. The Turkey-based refractory manufacturer has a production capacity of 60,000t/yr. The companies expect to conclude the deal in the first half of 2022

RHI Magnesita said "With an enlarged product portfolio, further potential exists from this opportunity to deliver full-line service solutions to customers in Turkey.”