Cement News tagged under: Joint Venture

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Anhui Conch

27 June 2019, Published under Cement News

Conch Logistics, the logistics arm of the Anhui Conch group, has signed a strategic agreement with Cosco Shipping Bulk. The two companies plan to jointly develop the cement logistics business, following Anhui’s order of four 12,500dwt bulk carriers in December 2018. The vessels, which are being built at China’s Jiangdong Shipyard, are due for delivery in 2020. Cosco Shipping Bulk reportedly operates the largest bulker fleet in the world with a total capacity in excess of 33mdwt.

Taiwan Cement to invest US$1.1bn in new joint venture

30 October 2018, Published under Cement News

Taiwan Cement announced it will spend US$1.1bn to create a joint venture with Turkey’s OYAK in The Netherlands, via a newly-created subsidiary, Dutch TCC Holdings. Taiwan Cement will hold 40 per cent of shares in the joint venture with OYAK holding 60 per cent. Through the JV, Taiwan Cement aims to increase its visibility in the European market at a time when the Chinese market is cooling.

Refratechnik joint venture strengthens its raw material resources

26 October 2018, Published under Cement News

Refratechnik, Haicheng Guotian Mining and Yingkou Jinlong Refractories have signed a joint venture contract for the production of high-grade caustic calcined magnesia (CCM) and dead burned magnesia (DBM) in Pailou town, Haicheng, China. Yingkou Jinlong Refractories is a long-standing partner of Refratechnik in China and Haicheng Guotian Mining is an existing CCM and DBM producer in Haicheng with long-term secure access to magnesite ore. The construction of the new state-of-the-art plant, ...

Haver & Boecker enters joint venture in South Africa

03 October 2018, Published under Cement News

Haver & Boecker has entered into a joint venture with South Africa’s Portland Packaging (Pty) Ltd, marking the first time a global, full-line packaging company has domestically manufactured products for the African market, according to a press release. “Bringing together the ingenuity and dedication of both of our manufacturing teams will be a huge benefit for Africa,” said Florian Festge, managing director, Haver & Boecker. “Customers will have nearly immediate access to packaging machi...

Siwertell AB under new ownership

11 May 2018, Published under Cement News

In a new agreement Cargotec and JCE Invest AB have established a new joint venture, Bruks Siwertell Group (BSG), specialised in dry bulk handling. BSG will own Siwertell AB, which was previously part of Kalmar Business Area within Cargotec, and BRUKS Holding AB, previously part of JCE Group. Both companies are world-leading suppliers of bulk materials handling solutions. Cargotec will own 48 per cent of the shares in Bruks Siwertell Group with the balance of shares owned by JCE Invest AB....

SMT Shipping and CSL Group announce shipping joint venture

09 May 2018, Published under Cement News

SMT Shipping (SMT) and The CSL Group (CSL) have announced an agreement for CSL to acquire 50 per cent of Eureka Shipping Ltd, SMT's pneumatic cement vessel business. The new joint venture will allow Eureka and CSL to combine expertise, resources and innovative technologies to expand services to customers in the seaborne cement powder and fly ash transportation markets around the world. CSL's Australian cement shipping business is not included in the joint venture. "The joint venture repres...

Consolidated Gold Holdings enters JV to acquire plant

07 September 2016, Published under Cement News

Consolidated Gold Holdings announced it has entered into a preliminary agreement to form a joint venture with a major Asian industrial and mining group to supply and distribute cement throughout the Philippines and Indonesia. The joint venture will include the acquisition of an existing 1Mta cement plant in the Philippines, which will be used to grind and process clinker imported from China and Vietnam. Product will then be shipped to the Northern Sulawesi Province in Indonesia for packag...

Sino-Uzbek JV brings Karakalpakstan plant online

11 August 2016, Published under Cement News

Uzbek-Chinese joint venture, Titan Cement, recently brought its new plant in Karakalpakstan, Uzbekistan, into operation. The total cost of the project exceeded US$25m and resulted in the creation of more than 200 jobs. Initially the Chinese faction of the joint venture intended the project to have a capacity of no more than 60,000tpa, but following the discovery that there was a raised demand for high-quality, inexpensive cement in the region, plant capacity was increased more than three...

Semen Indonesia sets up Aceh joint venture

18 March 2016, Published under Cement News

PT Semen Indonesia Tbk and PT Samana Citra Agung on 17 March signed agreement to set up a joint venture company, called PT Semen Indonesia Aceh, which will engage in producing and distributing cement. The agreement was signed by president director of Semen Indonesia, Suparni, and president director of Samana Citra Agung, Deni Fahlevi in Jakarta. Samana Citra is based in Aceh, on the northern tip of Sumatera Island. Both parties have agreed to invest a total of IDR5trn (US$383.3m) in estab...

China National Building Material Co Ltd (CNBM)

18 August 2015, Published under Cement News

CNBM has signed a strategic partnership with France’s Schneider Electric. The US$554m deal aims to develop energy efficiency projects and services that can be used throughout Asia, Africa and Latin America, as well as modernising CNBM’s plants. According to the agreement signed earlier this month, “CNBM and Schneider will stay in close collaboration in such fields as cement, glass, new energy and new-type houses. They will take use of their respective strong points to co-develop the Chinese ...