India: UltraTech Cement has committed to the Global Cement and Concrete Association’s 2050 roadmap for net zero concrete. It says that in realising the commitment, it hope to contribute to building the sustainable world of tomorrow. The Roadmap also includes a sectoral commitment to cut CO2 emissions by a further 25% by 2030.
Cementos Polpaico plans Cerro Blanco cement plant upgrade
Chile: Cementos Polpaico has submitted an environmental impact study for a US$60m upgrade of its Cerro Blanco cement plant in Tiltil, near Santiago. Business News America has reported that the proposed work consists of the installation of a new precalciner, an expansion to its four limestone quarries and the establishment of a new filtered tailings deposit and 3000t cement silo.
The producer hopes to launch the project in January 2023 in order to commission the upgraded plant before 2026.
Colombian Directorate of National Taxes and Customs fines Cemex Colombia US$16.8m
Colombia: Cemex Colombia has received a US$16.8m fine from the Colombian Directorate of National Taxes and Customs (DIAN) for irregularities in its 2012 income tax payment. The company reportedly made an improper imputation of its balance for the year. Cemex Colombia says that it will take the matter to court. It has until March 2022 to file a suit.
Buzzi Unicem increases nine-month sales and cement volumes in 2021
Italy: Buzzi Unicem’s consolidated sales rose by 5.6% year-on-year to US$2.54bn in the first nine months of 2021 from US$2.41bn in the first nine months of 2020. It recorded consolidated cement sales of 23.4Mt, up by 7.5% from 21.7Mt in the corresponding period of 2020. Sales growth in Eastern Europe - especially the Czech Republic and Poland - and the US offset a partial slowdown in Italy, particularly in the third quarter of the year.
The group expects global construction activity to generally remain level into the fourth quarter of 2021. It forecast “favourable” volume and price effects in its full-year results for 2021. It nonetheless noted “growing concern” at rising energy, fuels, logistics, raw materials and services costs in various regions. It forecast group recurring earnings before interest, taxation, depreciation and amortisation (EBITDA) not in excess of 2020 levels.
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