Cement News tagged under: energy prices

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Boral cuts back operations as energy prices soar

20 June 2022, Published under Cement News

Boral Ltd has cut back its operations due to a surge in energy prices in Australia, according to Reuters. The company has reportedly not only curtailed some areas of its production but has also been forced to pass the change in energy prices onto its customers. It is also in the process of reviewing its overheads to help offset the “inflationary challenges” the company told Reuters. Although Boral acknowledged efforts made by the Australian energy market operator to cap wholesale power pri...

Minister thanks by Spanish industry for energy auction agreement

12 May 2022, Published under Cement News

Teresa Ribera, Spain’s third vice president and minister for the ecological transition and the demographic challenge, has been personally thanked for her efforts and commitment in achieving a mechanism for energy auctions that has been agreed with the European Commission. The Alliance for the Competitiveness of Spanish Industry, made up of ANFAC (automotive), AOP (refining), ASPAPEL (paper), FEIQUE (chemicals and pharmaceuticals), FIAB (food and beverages), OFICEMEN (cement) and UNESID (s...

Spain's cement sector closes plants as energy prices rocket

18 March 2022, Published under Cement News

This week Spain's cement industry reacted to rising energy prices with the temporary closure of several cement plants. Cementos Portland Valderrivas, Tudela Veguin and FYM-HeidelbergCement have all taken action, calling upon the Spanish government to address the high electricity prices, which have been further aggravated by the war in Ukraine. ICR looks at the background to Spain's energy price spike and Oficemen's news on the latest market results. Spanish cement consumption grew by 14 p...

Ethiopia: Dangote plant attracted with cheap power deal

08 September 2016, Published under Cement News

Dangote’s decision to establish a 2.5Mta cement plant in Ethiopia was motivated by a government guarantee of cheap electricity, Muhammadu Sanusi, the Emir of Kano, has claimed at a meeting of Nigeria’s National Council on Development Planning. In a speech reported in the Premium Times, the former Central Bank of Nigeria governor said that Dangote was promised a price of US$0.03/kWh if it would agree to build a plant in Ethiopia. This price is half the US$0.06 paid by consumers in the coun...

Australia: Adelaide Brighton sees power bill rise by US$2.2m

01 September 2016, Published under Cement News

The price spike in July added around AUD3m (US$2.26m) to Adelaide Brighton's power bill, mainly attributed to operations at its Birkenhead plant. This surge in costs led the company to temporarily scale back its production and increase the use of imported product. Managing Director, Martin Brydon, commented on how the company had the capacity to turn off its grinding process at the times of high power prices but urged that continuing power prices needed to be addressed. The Council of ...