Cement News tagged under: investment

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Pakistani cement and construction FDI down in FY19-20

30 July 2020, Published under Cement News

The State Bank of Pakistan (SBP) has released foreign direct investment (FDI) data for June 2020 and the FY2019-20. FDI surged by 45 per cent MoM to US$174.8m in June while for the full financial year, FDI soared 88 per cent to US$2.561bn from US$1.362bn in FY18-19. China transferred the highest net FDI of US$843.1m, Norway US$402m and Hong Kong US$190.7m. However, the increasing FDI trend is yet to reflect in the country's construction and cement sectors, which still lag behind other indus...

First sustainable credit to the Mexican cement industry agreed

27 April 2020, Published under Cement News

BBVA Mexico has formalised a sustainable credit for MXN2.2bn (US$88.7m) over a five-year term to Cooperativa La Cruz Azul. According to the bank, it is the first sustainable credit in the Mexican cement industry and also the first of this year. The producer is expected to use the funds to modernise its production plants in Hidalgo and Oaxaca to reduce energy and water consumption, thereby making its production more efficient and reinforcing its commitment to the environment. The credit...

Holcim El Salvador sets record production figures in 2019

06 March 2020, Published under Cement News

Holcim El Salvador produced over 1.2Mt of cement and 710,000Mm 3 of concrete in 2019, representing record production figures, and plans to maintain this positive performance in 2020. The company also co-processed around 26,000t of waste in 2019, up from 20,000t in the previous year. Elsewhere, Holcim is also considering reopening its Maya cement plant, which was closed in 2008 due to low domestic demand. These plans would require an investment of US$20m. In the meantime, the company is ...

FDI into Pakistani cement and construction falls

17 January 2020, Published under Cement News

Pakistan has received a net total foreign direct investment (FDI) of US$1.34bn during first six months of July and December of FY19-20 compared to US$796.8m received in same months of the previous year. This represents an increase of 68 per cent YoY, mainly due to a high inflow from Norway, China, Japan, Malta, USA and other countries between July and December 2019, according to data of the State Bank of Pakistan.   However, this increasing trend of FDI was not reflected in the country's con...

Ban on new cement plants lifted for Punjab

13 December 2019, Published under Cement News

The Provincial Minister for Industries & Trade, Mian Aslam Iqbal, has announced that the government for Punjab, India, has lifted a ban on the cement industry after 12 years. The minister revealed this while presiding over a meeting that was held to review investment in the cement industry and installation of new plants in the province, according to the Business Recorder. Mr Iqbal noted that months were spent in getting a no objection certificate (NoC) for setting up new industries. A ...

LafargeHolcim plans EUR10m investment in Kujawy

27 November 2019, Published under Cement News

LafargeHolcim will be investing EUR10m in its Kujawy cement plant in Poland. The company will be launched a new product on the market as well as increase the use of alternative fuels (AFs) at the works. At present Cementownia Kujawy’s AF rate is between 80-85 per cent, or around 190,000t, but Lafarge plans to increase this to 90 per cent by 2021. To date Lafarge has invested around EUR100m in the Kujawy cement works, which produces approximately 2Mta of cement.

Cemex invests in building materials delivery start-up

16 September 2019, Published under Cement News

Cemex Ventures, the venture capital business of Cemex, has announced it has invested in GoFor Industries, a logistics marketplace for on-demand delivery of building materials and equipment for the DIY and construction industries. GoFor Industries is a start-up company founded in 2016 with operations in the USA and Canada. By 2020 GoFor is expected to expand to 20 major market areas in the USA. Gonzalo Galindo, CEO of Cemex Ventures, said, “With this investment, we seek to improve a criti...

Belarusian cement industry yet to see a return on investment

13 September 2019, Published under Cement News

The chairman of Belarus’ State Control Committee, Leonid Anfimau, has stated that the funds invested in the domestic industry have yet to see a return. "The state has spent huge sums of money – more than US$1bn – on the "modernisation" of cement plants, while hundreds of millions of dollars in state support have been provided. There is no expected return on these funds so far," said Mr Anfimau. The three plants of the domestic cement industry are all part of the Belarusian Cement Co holdi...

CDPQ to invest additional CAD150m in Ciment McInnis

18 July 2019, Published under Cement News

Caisse de dépôt et placement du Québec (CDPQ) will invest a further CAD150m (US$115m) to Ciment McInnis, despite evaluating a possible divestment in the cement maker over the past year. A consortium of 11 Canadian and international banks has also extended a CAD300m loan to the company and Beaudier Inc has invested a further CAD50m. “The context has changed because the cement plant has a very good performance,” said CDPQ spokesperson Yann Langlais-Plante. "The overall demand for the cement ...

PPC

22 May 2019, Published under Cement News

PPC Zimbabwe is planning to invest some of its dividends in government bonds to increase local procurement, according to the company. PPC currently runs three plants in the country with a total production capacity of 1.4Mta. Around 70 per cent of inputs for the plants are now sourced locally. Over the last five years, PPC Zimbabwe has spent more than US$140m refurbishing its plants and is about to launch a seventh product into the market. According to Nkosana Mapuma, sales and marketing m...