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Union protests over Turkish imports to Trinidad 02 May 2018
Trinidad & Tobago: Union members from the Trinidad Cement branch of the Oilfields Workers Trade Union have protested at the Port of Chaguaramas over cement imports from Turkey. A union member claimed that a batch of imported cement had no import duties paid, according to the Trinidad Guardian newspaper. Trinidad Cement has taken legal action in the Caribbean Court of Justice against Turkey’s Sonmez Cimento for breaking local tariff rules. In 2016 Trinidad Cement made an official complaint to Caricom, the Caribbean Community organisation, about tax concerns for a cement import from Turkey.
Semen Indonesia’s profit falls due to fuel costs 01 May 2018
Indonesia: Semen Indonesia’s net profit fell by 45% year-on-year to US$29.6m in the first quarter of 2018 from US$54m in the same period in 2017. It blamed the decline on fuel costs and rising debt payments, according to Reuters. Despite this, its sales revenue rose by 3.4% to US$476m from US$460m. Its cement sales volumes rose by 4% to 6.79Mt from 6.53Mt. The majority of this rise came from exports, which increased by 44.9% to 0.6Mt from 0.41Mt.
India: Shree Cement is to buy Raipur Handling & Infrastructure for US$8.9m. The railway company operates a railway terminal at Hathbandh in Chhattisgarh near to the cement producer's plant at Baloda Bazar. The acquisition is expected help Shree Cement manage its railway logistics better.
India: Member of parliament Shanta Kumar says that a cement plant for the Chamba district of Himachal Pradesh will be inaugurated in October 2018. He added that the plant would likely be in the Sikridhar area, according to the Times of India newspaper. Kumar had previously discussed the project as a solution to reduce poverty and unemployment in the area while campaigning for election.
The state government originally signed a memorandum of understanding with Jap Pradesh Associates in 2007 to build a 2Mt/yr cement plant. However, the agreement was cancelled in 2014. The plant was intended to use limestone deposits at Baroh Shind.
Kohat Cement starts new cement mill 01 May 2018
Pakistan: Kohat Cement has started commercial operation of a 105t/hr cement mill at its plant. The cement producer operates a single integrated plant at Kohat-Rawalpindi. It is also upgrading the site with a new 7800t/day production line.