Spain: Cement consumption in Catalonia between February 2018 and February 2019 reached 1.76Mt, 4.7% less than a year earlier, according to regional association Ciment Català. The president of the organisation, Salvador Fernández Capo, stressed that this situation could be explained by economic uncertainty, rising electricity prices and a lack of construction projects in the region.
True North buys majority stake in Shree Digvijay
India: Private equity company True North has purchased a 54% stake in Shree Digvijay for a reported US$17m from Brazil’s Votorantim Cementos. Other companies bought the rest of Votorantim’s 75% share in the business, according to Bloomberg. True North signed a deal to buy the cement producer in late 2018. Shree Digvijay operates an integrated cement plant at Jamnagr in Gujarat.
Sanctions drive Iranian cement into Afghanistan
Iran/Afghanistan: Exports of cement from Iran to Afghanistan have increased following the resumption of US-led sanctions on Iran. Speaking on Afghanistan’s Tolo News TV, Janagha Navid, the spokesman of Afghanistan's Chamber of Commerce and Industries, said that Afghanistan imports 80,000t/yr of cement, while stressing that the country’s domestic cement production capacity could increase to 420,000t/yr.
Navid added that cement imports from Pakistan had decreased, while imports from Iran had risen, due to depreciation of the Iranian Rial against foreign currencies. He further highlighted that Afghan customers prefer Iranian cement over Pakistani cement, citing quality considerations. In 2018, Iran exported US$127m-worth of cement to Afghanistan, broadly similar to imports from Pakistan, which came to US$132m.
Maple Leaf Cement commissions new production line at Iskanderabad plant
Pakistan: Maple Leaf Cement has commissioned a new 7300t/day production line at its Iskanderabad plant. The upgrade will increase the unit’s total production to 18,000t/day. The line was supplied by Denmark’s FLSmidth. The total cost of the project was US$184m. Commercial production on the new line is scheduled to start in late April 2019.


