Cement News tagged: Corporate
Vietnam: Xuan Thanh Cement Phase 2 enters main construction period
The 4.5Mta Phase 2 project of JSC Xuan Thanh Cement is entering its peak construction period, according to company reports. More than 60 per cent of the mechanical equipment, including a clinker kiln, raw and coal mills, ESPs, bag filters and cooler, has been delivered to the installation site. FLSmidth of Denmark was awarded the EUR100m equipment supply contract. Energy efficiency and sta...
Tanzania: Tanga Cement launches new all-purpose cement
Tanga Cement Plc (AfriSam Group) has set its eyes on capturing more of the residential and infrastructure construction market in Tanzania. Its new Mkombozi all-purpose 32.5N cement was launched in Dar es Salaam yesterday, reports the Citizen. "This is all-purpose cement meant for various construction activities," said Leslie Massawe, Tanga Cement's sales manager. "It is a step by the comp...
Pakistan: positive outlook for Pioneer Cement
The outlook for 2017 for Pioneer Cement Ltd appears to be positive, with major projects related to the company’s growth and energy efficiency expected to make further progress. These projects are forecast to boost the company’s profit margins. They include the installation of a 12MW waste heat recovery system, due for commissioning in November-December 2016 and a new 2500tpd grinding mill, ...
Cementir appoints Paolo Bossi CEO of Italian unit, Sacci and Betontir
Italian cement producer Cementir has appointed Paolo Bossi as CEO of Cementir Italia, Cementir Sacci and Betontir. The arrival of Paolo Bossi, following the acquisition of the cement and concrete business of Sacci, currently Cementir starts the rationalisation process of the Cementir group in Italy, a company statement read. The new CEO's first challenges include returning the companie...
Egypt: Wadi El Nile Cement to upgrade clinker output
Wadi El Nile Cement Company (WNCC) has given FLSmidth an order to upgrade its plant from 6000 to 7200tpd of clinker. The order is contained within a new five-year maintenance contract with WNCC for its cement plant located approximately 120km south of Cairo. The arrangement is an extension of the original 2010 contract. "The continuation of the contract is visible proof of the successful ...
LafargeHolcim to consider pulling out of more markets
LafargeHolcim is muling over the option to withdraw from several markets to make last year's merger a success, chairman Beat Hess told weekly Sonntagszeitung. "We will be present in less countries for sure," Hess was quoted as saying. The sale of operations in several countries was an option, he said. While the new company generates 80 per cent of its operational earnings before taxes, ...
Italcementi sells its own shares to HeidelbergCement for EUR40.9m
Italcementi tendered on 19 September 3,861,604 company shares, corresponding to all of its own shares held, for a total of EUR40.9m during the mandatory takeover bid launched by German HeidelbergCement on the shares it did not own in the Italian group. Italcementi shares were bought by HeidelbergCement France at a price of EUR10.6 per share, as provided in the tender documents on Italceme...
Rwanda: dealers and developers call for Cimerwa price drop
Cement dealers and property developers in Rwanda's capital, Kigali, have called on Cimerwa to cut its prices, Rwanda Focus reports. Current prices for a 50kg bag of Cimerwa cement are around RWF11,000 (US$13.68), compared to RWF8500-9000 for imported cement. Busisiwe Maria Legodi, Cimerwa's CEO, said in an interview with Rwanda Focus earlier this year: "People who think that imported cem...
Uganda: Hima Cement signs supply deal with Guangzhou Dongsong
Uganda's Hima Cement and Guangzhou Dongsong Energy Group have signed a memorandum of understanding for the supply of over 40,000t of cement for the construction of the latter firm’s phosphate and steel projects, Kampala’s Observer newspaper reports. Daniel Pettersson, chief executive officer of Hima Cement, said: "The purpose of this MoU is to establish the relationship between Hima and Gua...
Pakistan: Dewan Cement denies Anhui Conch interest
China's Anhui Cement Co Ltd is reported by Pakistan's local media to have set its eyes on Dewan Cement Ltd (DCL) as it seeks business opportunities in Pakistan. While DCL shares have been trading heavily as a result in the past few months, DCL has denied rumours of a takeover. DCL Director, Haroon Iqbal, and Company Secretary, Muhammad Hanif German, said in response to a Pakistan Stock Exc...
Azerbaijan: EBRD increase stake in Holcim plant
The European Bank for Reconstruction and Development (EBRD) has raised its stake in the equity capital of Holcim (Azerbaijan) OJSC in Azerbaijan (formerly Garadagh Cement Plant) to 20 per cent. A statement from the EBRD read, “The bank will continue to support a major company in Azerbaijan, demonstrating continued support for the country's non-oil sector. In addition, the company is committ...
India: Nirma raises US$598m to finance Lafarge acquisition
Nirma Group, which in July won the race to buy Lafarge India for a reported US$1.4bn, has raised INR40bn (US$598m) from a bond sale to finance the purchase, the Economic Times reports. Nirma has created a special purpose vehicle, Nirchem, which administered the bond sale and will be used in the acquisition process. The sale, the largest of its type, was oversubscribed, with investors att...
India: Ramco increases sales by 15% in 1Q16-17
Ramco Cements Ltd has stated that it sold 2.076Mt of cement in domestic and export markets during the first quarter ending on 30 June 2016 compared to 1.813Mt in corresponding quarter last year, which translates to a growth of 14.5 per cent. The company has earned a net profit of INR1563.6m (US$23.4m) in 1Q16, an increase from INR992.50m in 1Q15. Cement sales improved by about 15 per cent du...
Egypt: FLSmidth awarded WNCC upgrade and operation contract
The Wadi El Nile Cement Company (WNCC) has signed a new five-year contract with FLSmidth that will see the Danish firm continue to maintain and operate a 2Mta plant located 120km south of Cairo. In addition to the operations contract, FLSmidth will upgrade the plant to increase its capacity to around 2.4Mta. The new capacity is expected to come online by mid-2017. FLSmidth Cement Divisio...
USA: Lafarge to part-close Joppa plant
Lafarge North America has announced it is to close one of the two kiln lines at its Joppa plant in southern Illinois and lay off about 40 workers. The move, reported by local media, has been attributed to weakening demand. A spokesperson for Lafarge said that the cement market had not grown according to its expectations and thus the firm would scale back production. In May 2016 Lafarge s...
Paraguay set for increased competition
Competition in the Paraguayan cement market is expected to intensify following the announcement by Italy’s Colacem that it will invest US$220m in new production facilities in Concepción. Environmental impact studies are expected to start very shortly with construction of the 1.5Mta plant scheduled to begin in 1H17. The new plant will help to drive domestic cement prices down as well as inc...