Cement News tagged under: Weekly Newsletter
China: concentration is the key02 July 2013, Published under Cement NewsChina Cement Association had drafted a plan to promote mergers and acquisitions (M&A) activity and step up the elimination of obsolete capacity to increase concentration of the domestic production base. According to the strategy entitled ‘Implementation Plan for Accelerating M&A in Cement Industry’, the number of cement enterprises in the country will witness a significant drop during the 12th Five-Year Plan period (2011-15) from the 2010 level, with no more than 1000 cement clinker units a... |
HeidelbergCement expands its capacity in Liberia01 July 2013, Published under Cement NewsHeidelbergCement has successfully commissioned a new cement mill at its cement grinding plant in Monrovia, the capital city of Liberia. The investment in the new mill, which has a capacity of 0.5Mta, amounted to US$14m. The Liberian subsidiary Cemenco is the only cement producer in Liberia and has a strong market position. The company is part of HeidelbergCement’s network of cement grinding facilities on the West African coast supporting the Group’s regional strategic presence. “The co... |
Spanish demand falls 24% in first five months20 June 2013, Published under Cement NewsCement consumption in Spain fell by more than 20 per cent to 1,027,597t in May and accumulated figures for the the first five months of the year show demand has declined by 24 per cent, representing 1.5Mt less than in the same period of 2012. "They continue to be tremendously disappointing data," explained the CEO of Oficemen, Aniceto Zaragoza, who added that "from our industry, we continue to work on developing constructive solutions that are more competitive, more durable and more econom... |
EPA settlement with Ash Grove Cement, USA20 June 2013, Published under Cement NewsAsh Grove Cement Co has agreed to pay a US$2.5m penalty and invest approximately US$30m in pollution-control technology, the US Department of Justice and US Environmental Protection Agency announced. The EPA says the agreement, which resolves alleged violations of the Clean Air Act, will eliminate more than 17,000t of pollution from nitrogen oxides (NOx) and sulfur dioxide (SO2) each year. In addition, Ash Grove has agreed to spend US$750,000 to mitigate the effects of past excess emissio... |
Votorantim Cimentos reschedules IPO, Brazil19 June 2013, Published under Cement NewsVotorantim Cimentos SA has postponed its US$4.8bn initial public offering until later this year, after cancelling plans to launch the deal this week. On Wednesday, Brazil's largest cement producer confirmed it has ditched plans to launch the IPO, but said it will bring the deal back to market later this year on 11 September 2013. A source close to the situation had previously said that controlling shareholder Votorantim Participações was unwilling to sell its stock of Votorantim Ci... |
Cementos Molins buys Cemex’ Sant Feliu works18 June 2013, Published under Cement NewsCementos Molins has reached an agreement with Cemex to buy the latter’s Sant Feliu de Llobregat cement plant near Barcelona. The Sant Feliu works has been out of action for months due to the downturn in the Spanish cement market. However, for now, Cementos Molins does not expect the reactivation of the plant any time soon. The main interest for the plant stems from its market, which will enable to run the Sant Vicenç dels Horts works at a better utilisation rate. At present San Vicen... |
Holcim to sell its operations in New Caledonia18 June 2013, Published under Cement NewsHolcim will sell its operations in New Caledonia (Holcim Nouvelle Calédonie SA) to Tokuyama Corporation of Japan for an undisclosed amount. Holcim Nouvelle Calédonie SA, which runs a 200,000tpa grinding plant, has always been “slightly isolated from the rest of the group’s assets,” the company said in statement, making this divestment a strategically viable solution. Tokuyama will acquire 74.1 per cent of issued ordinary shares owned by Holcim (Outre-Mer) SAS. The transaction is schedule... |