Cement News tagged: Corporate
Raysut Cement to acquire stakes in Indian cement producers in 1Q19
Raysut Cement of Oman plans to invest US$700m in the Indian cement market by 2022. The cement producer intends for approximately US$200m of this total to be invested in acquiring majority stakes in two Indian cement producers in 1Q19. The investment is part of the cement producer's plans to expand its overall production capacity to 20Mta, while the Muscat Securities Market-listed firm is al...
Unacem shareholders to discuss merger with Inversiones Andino
Peru-based Unacem reported that its general meeting of shareholders will evaluate the proposal between the company and the Investment and Administration Trade Union, Inversiones Andino and Inmobilaria Pronto. The cement company explained that the main objective of the merger is to consolidate in Unacem the knowledge, strategies, experiences, specialisations, rights and other assets developed...
Metso acquires Kiln Flame Systems Ltd
Metso has acquired UK-based combustion solutions and technology provider Kiln Flame Systems Ltd (KFS) to extend its pyroprocessing portfolio and capabilities. KFS specialises in rotary kiln and calcining processes, combustion optimisation and burner technologies with patented designs. It provides solutions to a wide range of industries including minerals processing. KFS has 14 employees based...
Votorantim appoints new global CEO
Marcelo Castelli has been appointed Votorantim Cimentos' new global CEO starting on 1 February 2019. He succeeds Walter Dissinger, who led the company for more than five years and will take on new challenges. Mr Castelli is an executive with a career of over 31 years. In 1997 he started working at VCP (Votorantim Celulose e Papel), since then, he has held several executive positions and coor...
Qatar National Cement to produce white cement
Qatar National Cement Co (QNCC) has announced it will produce white cement following its acquisition of the necessary licences for the product. QNCC white cement will be available in 50kg bags priced at QAR25 (US$6.87) and in bulk, at a price of QAR500/t.
François Petry new director of LafargeHolcim Belgium & France
François Petry was appointed by LafargeHolcim as the new director for France and Belgium, succeeding Bénédicte de Bonnechose. Mr Petry joined Holcim France in 2008, when he was appointed general manager of the company’s aggregates business. In 2013 he left to head Holcim Group’s subsidiary in Romania and this was followed by a position in the UK where he served as general manager of Aggregat...
Holcim Philippines to raise capacity to 13Mta by 2020
Holcim Philippines (LafargeHolcim group) is investing US$300m to raise its cement capacity in the country by 30 per cent to 13Mta by 2020. Holcim Philippines informed the Philippine stock exchange that will upgrade its facilities in Bulacan and Misamis Oriental with the installation of new and efficient kilns and mills and waste heat recovery systems as part of its cost focus. "Our company ...
Semen Indonesia mandates 5 banks for US$1.3bn bridge loan
Semen Indonesia has mandated five banks for a US$1.282bn bridge loan to support its acquisition of the local unit of LafargeHolcim. BNP Paribas, Deutsche Bank’s Singapore branch, Maybank, MUFG Bank and Standard Chartered are the lead arrangers and bookrunners for the two-year loan, which will be launched into syndication in 2-3 weeks, according to a company announcement. The borrower agree...
Huaxin Cement seeks funding for US$140m project
Huaxin Cement Co Ltd is seeking the assistance of international banks to close funding on its US$140m plant in Nepal, after it secured a US$30m loan from the Export-Import Bank of China (EIBC), according to Inside International Industrials. Nanjing Golden Cement Technology Engineering Co has been confirmed as the project design firm. The design of the 3500tpd facility is expected to be compl...
Emami Cement improves power supply
Emami Cement Ltd at Kalinga Nagar Industrial Area in the Indian state of Odisha has improved its power supply following its connection to the inter-state 400/220kV New Duburi grid of Odisha Power Transmission Corp Ltd. Emami was permitted to receive 15MVA power in 132kV from the power transmission company. However, taking its future expansion into account, the cement producer applied for 1...
Illinois Cement Co one step closer to new limestone quarry
La Salle City Council, Illinois, USA, will consider petitions by Illinois Cement Co for rezoning and special use permits to mine limestone on 12 parcels in Dimmick Township following a recommendation by La Salle Planning Commission. The cement producer wants to close its quarry and begin mining new land in the one-square section, moving west for 10-20 years and then north for another 20 yea...
Dalmia produces new modified cement in Tamil Nadu
India-based Dalmia Bharat Cement has developed a new, chemically-modified cement for infrastructure projects. “We have come out with engineered cement, chemically modified and targeted at high performance infra projects that would require only three days of curing instead of three-four weeks,” Dalmia Cement’s Executive Director, Sujit Ghosh, said. “We have already filed for patent for thi...
Kalambaina Cement to merge with CCNN
BUA Group’s Kalambaina Cement Co has announced it received shareholder approval for a merger with the Cement Company of Northern Nigeria (CCNN). Abdul Samad Rabiu, chairman of the company, has stated that the deal would involve a high technical and complex infusion of the two companies. "This deal signposts shareholder confidence in the value proposition of the CCNN-Kalambaina merger and we a...
Fauji Cement of Pakistan to build new cement plant
At the 10th Extraordinary General Meeting of Fauji Cement Co (FCCL)'s Board of Directors, held on 29 November, the company secretary was authorised and empowered for the execution of a new cement plant in Pakistan. FCCL also elected executive, non-executive and independent directors for a term of three years commencing from 13 December 2018 to 12 December 2021. First-quarter FY18-19 resu...
LafargeHolcim's Capital Markets Day 2018
LafargeHolcim presented a full overview of its 'Strategy 2022 – Building for Growth' programme at its Capital Markets Day held at the Belfry Hotel and Resort, Birmingham, UK, yesterday. Jan Jenisch, LafargeHolcim CEO, said, "Our performance in 2018 shows that execution of 'Strategy 2022 – Building for Growth' is at full speed. We have simplified the organisation and are ahead of target with o...
NCN’s Malbaza plant to start production in December
After addressing some challenges, Nouvelle Cimenterie de Niger is expected to start operations at its Malbaza cement plant in Niger’s Tahoua region in December, according to the company’s officials. The 2000tpd integrated cement works is forecast to cover 80 per cent of Niger’s cement demand, allowing the country to significantly reduce cement imports. The facility provides employment for 34...