The Ghanaian government has ceased to issue permits for new cement plants anywhere in the country. Ghana News Agency has reported that the government enacted the policy in order to ensure the sustainable and responsible growth of Ghana’s cement industry, according to George Dawson-Ahmoah, CEO of the Chamber of Cement Manufacturers, Ghana (COCMAG). Dawson-Ahmoah added
The Tanzania Fair Competition Tribunal (FCT) has ruled that Heidelberg Materials subsidiary Scancem International cannot acquire Tanga Cement from AfriSam at present. The Fair Competition Committee had previously approved the acquisition to proceed in February 2023. In its latest ruling, the FCT found that the commission had not been within its powers to set aside
The Hungarian government recently enacted Emergency Decree 320/2023, taxing all CO2 emissions from the country’s 40 or so largest industrial enterprises. The government used emergency powers to set up a new taxation scheme, which undercuts existing free allowances under the EU emissions trading scheme (ETS). The scheme additionally penalises the trade in ETS credits. Cement producers announced that
After the initial shocking coverage of the Russian invasion of Ukraine, which began in February 2022, came announcements of the most extensive sanctions in history by the EU, G7 nations and others against Russia. In the EU, this effectively deconsolidated companies’ Russian subsidiaries, leaving decision makers with the choice whether to sell up or hold
Hungary: The government has enacted an ‘architecture law’ which will increase its role in decision making within the Hungarian cement industry. When it enters force in July 2023, the law will let the government set producers’ cement volumes and prices. It will also require the companies to sell their products to the market-leading retail network, and