Cement News tagged under: Holcim

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Holcim sells stake in power generation subsidiary, Philippines

04 January 2013, Published under Cement News

Trans-Asia Oil and Energy Development Corp (TA Oil) has acquired the stake of partner Holcim Philippines Inc in a power plant in Bulacan province. In a disclosure to the Philippine Stock Exchange, TA Oil said that it "signed a share purchase agreement for the purchase by Trans-Asia of Holcim's 50 per cent stake in Trans-Asia Power Generation Corporation." The deal gives Trans-Asia full ownership of the power firm. Prior to the conclusion of this transaction, Holcim was in a joint ventu...

Holcim Indonesia agrees to higher royalty payout

02 January 2013, Published under Cement News

PT Holcim Indonesia has increased the royalty to its parent company – a move that has surprised some analysts and caused the cement producer to plunge the most in four years in Jakarta trading. Holcim Indonesia slumped 17 per cent to IDR2900 on 28 December 2012, the steepest decline since October 2008 and the biggest drag on the benchmark Jakarta Composite Index, according to reports by Bloomberg. The company, based in Jakarta, signed a royalty agreement with Holcim Technology Ltd on 2...

Cement major to set up third unit in West Bengal

31 December 2012, Published under Cement News

Ambuja Cement, the Indian subsidiary of Holcim, has expressed an interest in setting up a third unit in Bengal, according to a report in the Times of India. The company already operates plants in Sankrail and Farakka. State commerce and industries minister Partha Chatterjee said the cement major was looking to establish a new greenfield unit in Bengal. The minister was speaking to reporters on the sidelines of an event to launch the expansion of the company's 2.4Mta grinding unit in Sankra...

Holcim adopts Trimble technology for logistics optimisation

24 December 2012, Published under Cement News

Holcim Services (South Asia) Limited, a unit of Holcim Group (Switzerland), announced that it will deploy the Trimble Trako Fleet Management and Visual Cargo solutions for the outbound logistics fleet that transports cement to customers in India. Trimble will provide the Visual Cargo solution to Holcim's ACC Limited and Ambuja Cements Limited plant operations and the GPS/GPRS based Fleet Management solution for use by their contracted transport vendors. Visual Cargo provides advanced dashbo...

Holcim reduces stake in Siam City Cement, sells minority shareholding in Cementos Progreso

21 December 2012, Published under Cement News

Holcim has announced that it has reduced its stake in Siam City Cement Ltd (SCCC) of Thailand and has sold its minority shareholding in Guatemalan producer Cementos Progreso, contributing CHF375m (EUR310.6m) to the Holcim Leadership Journey programme. SCCC stake reduced Holcim Ltd has reduced its shareholding in SCCC from 36.8 per cent to 27.5 per cent. The shares have been purchased by Bangkok Broadcasting and Television Co, part of the Ratanarak Group, which will increase its shareho...

KHD wins new order for 9000tpd ACC plant, India

19 December 2012, Published under Cement News

KHD Humboldt Wedag International AG subsidiaries, Humboldt Wedag India, Pvt Ltd and Humboldt Wedag GmbH received an order from Holcim Group company ACC Ltd, India, for a new 9000tpd cement plant. The total project value, of €69m, consists of a euro portion of €19.8m and an Indian rupee portion equivalent to €49.2m. The plant will be built in Jamul, Chhattisgarh, India and is scheduled for commissioning in May 2015. KHD will supply its energy-efficient COMFLEX® technology for the raw mate...

Holcim Belgique to close Haccourt facility

19 December 2012, Published under Cement News

Holcim Belgique announced it will close its Haccourt cement grinding plant, near Liège, Belgium. The unit currently employs 43 people. This project is part of a reorganisation of Holcim’s European industrial base announced earlier this week. The group said in a statement that the shutdown was due to a “deterioration of market conditions and grinding overcapacity at Holcim Belgique.” "Holcim Belgique, whose clientele goes beyond the borders of Belgium, is facing increased competition in...

Holcim to restructure operations in Europe

17 December 2012, Published under Cement News

Holcim has said it will introduce a leaner management structure in Europe to reflect the lower level of construction activity,  and expects to save at least CHF120m (EUR97mm) a year. The additional cash costs for restructuring in the fourth quarter of 2012 will amount to approximately CHF100m (EUR80.8m) including site restoration costs. Write-offs of property, plant and equipment will reach CHF410m (EUR331.5m) to be charged in the fourth quarter of 2012. The restructuring accelerates ...

Ambuja Cements wins water management awards, India

12 December 2012, Published under Cement News

India-based cement producer Ambuja Cements has scooped three awards at the 9th National Award for Excellence for its work in the drought-prone state of Rajasthan. Ambuja’s two plants in Rajasthan – Rabriyawas and Marwar Mundwa – both won awards for their respective water management efforts. Commenting on the company’s achievements, Ambuja’s CEO, Ajay Kapur, said: “This is a matter or immense pride for Ambuja to bag these awards, and thus setting fresh benchmarks in water management not ju...

Siam City Cement to boost production, Thailand

11 December 2012, Published under Cement News

Thailand’s Siam City Cement (SCCC) has said it will resume operations of two clinker lines from next year on the back of increased local demand. The company is also looking to construct its first cement plant outside of Thailand. Two of SCCC's six kiln lines have been shut down since the economic crisis in 2008. With local consumption now showing sound levels of recovery, Mr Arto said one kiln will reopen next October, which will add 10 per cent (1.4Mta) of capacity. The other kiln is due...