Cement News tagged under: Weekly Newsletter
Spanish importers voice concerns over EU carbon border tax plans07 April 2020, Published under Cement NewsA Spanish importer of clinker has submitted feedback to the European Commission regarding the carbon border adjustment mechanism (CBAM), stating that, if implemented, the EU must ensure that importers are not paying more for carbon in comparison to local manufacturers. "If the CBAM is to be introduced alongside the EU ETS then it must be adjusted so the total price of carbon per tonne is not any higher than the local producer (competitor) is paying averaged over his total production includ... |
Siam Cement to buy Vietnamese packaging company07 April 2020, Published under Cement NewsSiam Cement is to acquire a Vietnamese packaging materials maker, Bien Hoa Packaging. The group will purchase Bien Hoa Packaging through a joint venture with top Japanese cardboard maker Rengo. Siam Cement said the size of the deal has yet to be determined, but estimated it would be less than 15 per cent of the Thai group's total assets as of the end of December, which came to THB634.7bn (US$19.2m). Bien Hoa produces 90,000t of cardboard boxes and 10,000t of food packaging materials a year... |
Exports from Vietnam decline due COVID-19 pandemic06 April 2020, Published under Cement NewsVietnam exported 7.5Mt of cement and clinker, to a value of US$291m, in the first quarter of this year, said the Ministry of Industry and Trade. The lower volume has been attributed to the coronavirus pandemic. Total exports fell by nearly 40 per cent in volume while the value declined by 20 per cent when compared with the year-ago period, when the country exported 12Mt with a value of US$360m. In 2019, Vietnam exported 33.8Mt of cement and clinker, earning just under US$4bn. Earlier thi... |
Tajikistan eyes 20% increase in cement output in 202006 April 2020, Published under Cement NewsTajikistan has significantly increased production of cement this year despite the impact of the COVID-19 pandemic and the associated economic recession in the country, according to the Tajik Ministry of Economic Development and Trade and local media reports. In the first two months of 2020, domestic cement output amounted to 564,300t, an increase of 20.3 per cent YoY. Local analysts expect cement production to continue to grow as in previous years. In 2018 total production amounted to 3.... |
Holcim Philippines closes Davao cement plant06 April 2020, Published under Cement NewsThe Philippines' leading cement-maker Holcim Philippines has suspended the operation of its manufacturing plant in Davao as the city was locked down until 19 April to contain the COVID-19 pandemic. The suspension of operations in Davao is in compliance with Mayor Sara Duterte's order to impose an enhanced community quarantine (ECQ) within Davao City starting 4 April. "While our Lugait plant in Misamis Oriental will continue to operate and serve the requirements of our business partners and... |
Adelaide Brighton pulls 2020 profit guidance02 April 2020, Published under Cement NewsAustralia’s Adelaide Brighton has pulled its 2020 profit guidance due to the economic uncertainty resulting from the coronavirus pandemic, but noted it has AUD450m (US$274.55m) in cash and undrawn bank facilities. According to the company’s webpage, it still has no known cases of COVID-19 across its business. "All our 130+ locations remain open for business and we are well stocked with raw materials to meet the needs of all our valued customers. We’ll continue to meet with our customers to... |
Mexican cement plants to close due to coronavirus02 April 2020, Published under Cement NewsMexico’s National Cement Chamber (CANACEM) has announce that cement plants are ceasing operation. However, cement companies will carry out dispatches until 3 April and halt supplying public works and 62,000 hardware stores from 4 April onwards. The measure has been taken due to the spread of COVID-19. "It is necessary to carry out technical, operational and administrative actions in each of the plants whose activity will be suspended in order to be able to completely stop operations in a s... |
Lehigh Hanson delays Mitchell expansion project02 April 2020, Published under Cement NewsUS-based Lehigh Hanson Inc has delayed the start of the US$600m expansion project at its Mitchell plant in Lawrence County, Indiana. Construction may be delayed by up to a year due to uncertainties resulting from the COVID-19 pandemic. The plant will reportedly continue to finalise the engineering and delivery of equipment but will limit the amount of site work during 2020 and will move it into early 2021. Therefore, the projected start-up date has been moved from September 2022 to the 3... |
thyssenkrupp to build first industrial-scale activated clay-based cement plant in Cameroon01 April 2020, Published under Cement NewsGermany-based equipment supplier thyssenkrupp will build the first industrial-scale cement plant that uses activated clay to produce low-carbon cement in Cameroon, according to a company statement. thyssenkrupp is to fit the first cement plant with a system for the production of calcined clay for the Dutch-based company Cimpor Global Holdings. The technology developed by thyssenkrupp lowers CO 2 emissions in cement production by up to 40 per cent. Part of the clinker will be replaced with... |
Cevian builds CRH stake30 March 2020, Published under Cement NewsSwedish activist fund Cevian has bought further shares in CRH in less than a fortnight. The fund now holds a 3.145 per cent stake in the Ireland-based building materials producer. Cevian first purchased shares in CRH in February, calling for a simplification of the business, but has since appeared more supportive of the management. "When this [coronavirus outbreak] passes, CRH's fundamentals will still be strong, and the business well positioned to benefit from increased public construct... |