Cement News tagged under: Weekly Newsletter
Malaysian raw material costs push up cement prices23 March 2022, Published under Cement NewsThe current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the range of US$60/t to US$70/t, but have now increased to US$200/t and could possibly reach up to US$400/... |
InterCement records total cement and clinker volumes of 20.1Mt in 202121 March 2022, Published under Cement NewsInterCement ’s total cement and clinker volume reached 20.1Mt in 2021, an increase of six per cent in comparison to 2020, while in 4Q21 volumes were at solid 5.1Mt, stable when compared to 4Q20. In Argentina cement industry remained on a strong pace during the quarter, with Loma Negra volumes up four per cent YoY. Brazilian volumes, although declining by 3.7 per cent YoY, remained on a healthy level, backed by solid demand as result of strong backlog from housing sector and posit... |
Maple Leaf Cement records consolidated profit of PKR2.757bn21 March 2022, Published under Cement NewsIn 1HFY22 Maple Leaf Cement ’s consolidated profit stood at PKR2.757bn (US$15.27m) as against PKR1.625bn for the corresponding period last year, representing an increase of 70 per cent. A total sales volume of 2.406Mt was achieved in the 1HFY22, depicting a 4.5 per cent decrease over 2.52Mt sold during the corresponding period last year. Domestic sales volume was 2.336Mt, defining almost the same level of demand, with slight pressure on cement consumption in the local market compared ... |
EC agrees on the Carbon Border Adjustment Mechanism (CBAM)17 March 2022, Published under Cement NewsThe European Council (EC) has reached agreement (general approach) on the Carbon Border Adjustment Mechanism (CBAM) regulation, which is one of the key elements of the European Union’s ‘Fit for 55’ package. The main objective of this environmental measure is to avoid carbon leakage. It will also encourage partner countries to establish carbon pricing policies to fight climate change. For that purpose, CBAM targets imports of carbon-intensive products, in full compliance with inter... |
Cementos Molins Industrial invests EUR2.2m in environmental improvements16 March 2022, Published under Cement NewsCementos Molins Industrial 's long history of commitment to the protection of the natural and environmental surroundings has been made clear in 2021 through an investment of EUR2.2m in different facilities at the Sant Vicenç dels Horts factory, Spain. The main actions related to sustainable development and continuous improvement have been aimed at increasing energy efficiency, applying circular economy practices and controlling emissions into the atmosphere. In addition to the completion... |
Philippine government urges cement producers to use plastic waste16 March 2022, Published under Cement NewsTo help reduce the country’s solid waste generation by at least 40 per cent Philippine Department of Environment and Natural Resources (DENR) has requested cement producers to explore ways to use plastic waste as a raw material, reports The Manila Times. "When all these cement plants will participate, we can dramatically reduce the volume of plastic waste which will be now regarded as raw materials of the cement plants in their current processing," said DENR-EMB Director William Cuñado, ci... |
Ghana to look at regulating cement industry16 March 2022, Published under Cement NewsGhana’s Ministry of Trade and Industry has announced plans to set up a committee to advance the drafting of policies to regulate the country’s cement industry, according to local sources. Deputy Trade and Industry Minister, Michael Okyere Baafi, said the “government is also working with the cement manufacturers in the area of regulation of cement and even the development of the cement business in Ghana. The cement business is not regulated.” In addition, the country’s Chamber of Cement ... |
Iran's cement market expands 5% MoM in February15 March 2022, Published under Cement NewsIranian cement consumption reached 4.43Mt in February 2022, supplied entirely by the domestic industry, according to the Iranian Cement Association. This represents a 5.2 per cent increase when compared with January 2022. While cement production stood at 4.43Mt (+5.2 per cent MoM), clinker output reached 4.83Mt (-7.6 per cent MoM). The country exported 1.084Mt of clinker and 0.326Mt of cement in February 2022, representing MoM increases of 33.8 and 35.8 per cent, respectively. |
Azul head office seized amid dispute15 March 2022, Published under Cement NewsThe Board of Directors of La Cruz Azul, headed by José Antonio Marín and Víctor Manuel Velázquez, took over the company’s offices in Colonia del Valle, Mexico City, on 11 March 2022. While the Marín and Velázquez group maintained that the action was carried out on the basis of a court ruling, the dissident cooperative members led by Federico Sarabia and Alberto López denounced that it was an illegal seizure of the facilities, carried out by a "shock group" that threatened the employees wit... |
High energy prices shut down Cementos Portland Valderrivas kilns11 March 2022, Published under Cement NewsSpain-based Cementos Portland Valderrivas has shut down all kilns at its seven main plants (Morata de Tajuña, Monjos, Vallcarca, Alcalá de Guadaira, Venta de Baños, Mataporquera and Olazagutía), according to CE Noticias Financieras.The company attributes the temporary shutdown to the high price of electricity, which was further aggravated by the Russian invasion into Ukraine. Cementos Portland Valderrivas has informed its workers that it will not restart activity at the plants until the ... |