Argentina: Loma Negra has signed an agreement with the Asociación Obrera Minera Argentina (AOMA) union and the government to keep the Barker cement plant open. The deal follows three months of negotiations, according to La Nacion newspaper. The cement producer wanted to reduce the number of shifts at the grinding plant. It previously said it had started to close the plant in early-June 2019. The plant will continue to operate with 160 staff working a reduced workload amongst other concessions.

South Africa: Lafarge Africa has agreed to sell its full stake in Lafarge South Africa business to Caricement for US$317m. The deal is expected to complete in the third quarter of 2019 subject to regulatory approval. Proceeds from the transaction will be used to pay off Lafarge Africa’s shareholder loan of US$293m.

The subsidiary of Lafarge Holcim said that net sales fell by 2.6% year-on-year to US$218m in the first quarter of 2019 from US$224m in the same period in 2018. Its operating profit rose by 35% to US$23.4m from US$17.3m. Growth was driven by the Nigerian market and it described its cement volumes as ‘flat’ in South Africa. It also reported that its revenue rose by 3% year-on-year to US$855m in 2018 from US$829m in 2017. It reduced its loss to US$25.6m from US$43.7m.

Japan: Taiheiyo Cement says it agrees with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). It is promoting research and development business strategies to mitigate and adapt to climate change. The cement producer is also intending to publish a long-term plan to reduce its CO₂ emissions by 2050.

Philippines: The Philippine Cement Importers Association (PCIA) has refuted the claims of local cement manufacturers that an increase in cement imports has caused ‘serious injury’ to their operations. In a position paper submitted to the Tariff Commission on the imposition of safeguard measures on imported cement, the PCIA said that some local producers were reporting continued profits despite the level of imports, according to the Manila Bulletin newspaper. It also denied accusations that cement imports were absorbing 17.2% of local production and 14.2% of total market demand.

"We have a domestic cement industry that is robust and resilient amid the import surge, and already competitive against imports,'' said the PCIA. "The 2013 to 2017 results of operations of the domestic cement industry showed its ability to compete with cement imports. Despite the surge of imports during the period of investigation (2013 - 2017), the domestic industry continued to exhibit improving revenues and continuing profitability." It finished by saying that the Philippine cement industry was globally competitive and did not require any structural adjustment.