Cement News tagged under: Weekly Newsletter
Lafarge in Ashaka buy-out offer09 December 2014, Published under Cement NewsLafarge Africa has offered to buy out minority shareholders in Ashaka Cement Plc. The move follows the merger Lafarge Africa’s Nigerian and South Africa businesses, which received approval from shareholders in July. Lafarge Africa said on Monday that as part of the merger deal it had acquired a stake in Ashaka Cement of more than 30 per cent, the trigger point for making a full takeover bid under Nigeria's securities and takeover rules. Under the terms of the offer, shareholders who acc... |
US September shipments up 14% YoY09 December 2014, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico during September 2014 were 9Mt, up by nearly 14 per cent compared to the same month of the previous year. Shipments for the year through September were up by nearly 14 per cent YoY, latest data from the US Geological Survey (USGS) confirms. The leading Portland cement-producing states in September were Missouri, Texas, California, Michigan and Florida, in descending order, and these accounted for 42 per cent of the tot... |
Pakistan monthly sales up 11% YoY08 December 2014, Published under Cement NewsPakistan’s cement dispatches rose by 11 per cent YoY in November 2014 to 3Mt largely thanks to higher domestic demand and exports from the northern region. According to the All Pakistan Cement Manufacturers Association (APCMA), consumption in the north rose by 13 per cent YoY whereas in the south the increase was just two per cent. Exports during the month improved by 10 per cent YoY, driven by a 14 per cent rise in dispatches from northern-based plants. This came as welcome news as d... |
Indonesia: PT Conch South Kalimantan cement plant on-stream05 December 2014, Published under Cement NewsPT Conch’s greenfield cement plant has come on-stream in South Kalimantan, Indonesia, with an installed capacity of 1.5Mta. Construction of the factory began in 2012 and has involved an investment of US$202m. It has the capacity to produce 3200tpd. The project is parent company Anhui Conch Cement's first cement plant in Indonesia. The facility was built with a 36MW steam powered electric plant in a strategic location near the South Kalimantan-East Kalimantan highway, only 30km from Tanju... |
Italcementi obtains EBRD loan for plant revamp04 December 2014, Published under Cement NewsThe Italcementi Group has signed an agreement with the European Bank for Reconstruction and Development (EBRD) granting it a loan for approximately EUR20m to fund the modernisation of the Shymkent cement plant in southern Kazakhstan. In addition to the loan, the EBRD will make an investment of approximately EUR4m in Shymkentcement, for an equity stake of around 21 per cent. The project, arranged under the EBRD policy to support energy efficiency initiatives in Kazakhstan, will replace the... |
South Africa: PPC to reshuffle board03 December 2014, Published under Cement NewsPPC and its investors have agreed to reshuffle the company's board, calling off a special shareholder meeting scheduled for next Monday. “Shareholders are hereby notified that following discussions initiated by [Executive Chairman] Bheki Sibiya with a number of shareholders, the board of directors of PPC has decided to embark on a process that is much more likely to achieve the best outcome for the company and all of its shareholders,” PPC said. The compromise comes as a blow to former... |
Cemex to resume Tepeaca plant expansion02 December 2014, Published under Cement NewsCemex announced that it is to restart the expansion of its Tepeaca cement plant in Mexico having put the project on hold in 2008. The additional investment involves 4.4Mta of new capacity at a cost of around US$200m, taking the total spend on the Tepeaca plant to US$650m. The company had already spent US$450m on the project by 2008. Upon completion in 2017, total capacity of the plant will reach 7.6Mta. “We are encouraged by our industry’s positive outlook in Mexico. With this investment,... |
Colombia’s October cement dispatches up 5.5%02 December 2014, Published under Cement NewsCement dispatches in Colombia saw a 5.5 per cent YoY expansion to 1.09Mt in October 2014, according to the latest data published by Dane, the country’s statistics office. While construction companies and contractors consumed some 7.3 per cent less, this was offset by a 13.4 per cent sales advance in the retail segment. The department of Nariño saw an 86.1 per cent rise in sales, followed by Magdalena which registered a 24.5 per cent increase. Positive developments were also reported i... |
Buzzi Unicem finalises Uralcement acquisition02 December 2014, Published under Cement NewsBuzzi Unicem, through its wholly-owned subsidiary Dyckerhoff GmbH, has completed the acquisition of a 100 per cent interest in Uralcement, Russia, from Lafarge. Uralcement is located near the town of Korkino, about 40km south of Chelyabinks. The wet-process plant has a capacity of 1.1Mta. The acquisition lifts Buzzi Unicem's production capacity in Russia to approximately 4.5Mta. |
Venezuela: Holcim receives final installment01 December 2014, Published under Cement NewsHolcim today announced that the group has received the last compensation installment in connection with the nationalisation of Holcim Venezuela in 2008. Corporación Socialista Del Cemento SA, which is now operating the former Holcim plant, has transferred the remaining compensation amount of US$97.5m intially due on 10 September 2014, the Swiss cement producer said in a statement. Holcim reported back in October that it was still awaiting the final installment and was in contact with rel... |