Cement News tagged: Corporate
Thanh Thang to develop third line
Thanh Thang Group Cement JSC is investing VND800bn (US$35.2m) in developing the third production line in Ha Nam, northern Vietnam. Construction of the 2.3Mta facility is expected to be completed in 2021. In July 2017 Thanh Thang inaugurated its second production line, which is also located in Ha Nam province. The VND5tn line has a clinker capacity of 6000tpd or 2.3Mta of cement.
LafargeHolcim increased investment in Jerez de la Frontera
LafargeHolcim’s cement plant in Jerez de la Frontera, Cádiz, Spain, invested EUR2m in improving its facilities in 2017, according to a company statement. The sum represents a 20 per cent rise when compared with investment in 2016. The investment focussed on environmental improvements, including the replacement of continuous measuring equipment in the stack and the installation of fire detect...
Hetauda Cement faces limestone shortage
Hetauda Cement Factory is facing a shortage of limestone due to local protestors preventing the extraction of the material from its mine in Majuwa, Nepal. The company’s new mining contractor, Om Sai Construction, has not been able to deliver 150,000t of limestone four months after receiving the order, according to The Kathmandu Post. The company requires 1000t of limestone daily in order to...
Hongshi Holding issues bond for cement plant project
Hongshi Holding Group Co Ltd has issued a "Belt and Road" (B&R) construction corporate bond on the Shanghai Stock Exchange (SSE), which was also the first B&R construction corporate bond publicly offered by an enterprise from Laos. The raised funds will be used in the purchase of relevant equipment for the Hongshi cement project in Vientiane, Laos. As one of the major B&R construction proje...
Nevjansky Tsementnik increases output in 2017
Nevyansky Tsementnik, part of Eurocement, produced 823,339t of clinker and 1Mt of cement in 2017. This represents an increase by seven and 15 per cent, respectively, when compared with 2016. Production and shipment of cement at the plant reached an all-time high in July 2017. Output increased to 121,682t while deliveries were up to 127,284t.
Bizerte sees 4% rise in turnover, but debt weighs
Tunisia-based Société Les Ciments de Bizerte improved its turnover by 3.7 per cent to TND63.7m when compared with TND61.4m in 2016. The company’s cement and lime deliveries increased by 3.2 per cent from 607,050t to 626,591t in 2017. Clinker production increased by just under seven per cent. Les Ciments de Bizerte expects to commission new quay facilities in the first quarter of 2018 to...
Aumund to supply equipment for a plant modernisation
LafargeHolcim plans to invest EUR100m in its Martres-Tolosane plant in southwest France. Aumund Fördertechnik GmbH and Aumund France SARL. has won the contract to supply a range of equipment for the plant until 2019, according to a press release by the company. The modernisation of the plant is part of a wider EUR300m investment across France. Aumund Fördertechnik will be supplying belt buc...
Asia Cement acquires Halla Cement
Hong Kong-based Baring Private Equity Asia (BPEA) has sold Halla Cement, a South Korean cement producer, to Asia Cement for US$723m. Halla Cement, formerly known as Lafarge Halla Cement, operates an integrated main plant and three slag cement plants, with a capacity of 7.6Mta. With its acquisition, Asia Cement will become the third-largest cement player in Korea with a 19 per cent market sh...
SOTACIB Feriana shutdown results in white cement shortage
The production stop at the Feriana white cement plant of Société Tuniso-Andalouse de Ciment Blanc (SOTACIB) on 26 December 2017 has led to a shortage of white cement in the Tunisian market. The Tunisian Organisation for Consumer Information (OTIC) has warned against imports to fill the gap between demand and supply, stating imports were likely to be 2-3 times more expensive. The company...
New ECDE plant to open in June
Entreprise des Ciments et Dérivés d’El Chellif’s (ECDE) is expected to commission its new plant at Chlef, Algeria, in June. The 2Mta works is an extension of the old unit and will increase the capacity from 2Mta to 4Mta. The first bag of cement will roll of the production line and is encouraging the company to look for export buyers. With port infrastructure available in the region, exp...
PPC improves liquidity position
PPC has rescheduled the debt related to its new plant in the Democratic Republic of Congo, improving its liquidity position. The South Africa-based cement producer has also secured a two-year capital repayment moratorium. As a result, the total capital requirements for PPC Barnet DRC would be limited to interest payments from this month up to January 2020. PPC has a 69 per cent stake in...
National Co for Cement to avoid losses by coal mill
To help reduce the losses recently incurred by Egypt-based National Co for Cement, its new Chairman, Emad el-Din Mustafa has said the company will purchase a coal mill. The US$250m will reduce the cement company’s reliance on gas, which deepens the losses to more than US$3m YoY, according to Mr el-Din Mustafa. The company will also focus on training and updating workers’ efficiency, he a...
Ambuja Cement co-processes 12,500t of biomass at Rabriyawas works
LafargeHolcim-owned Ambuja Cement has co-processed more than 12,500t of biomass from farmers at its Rabriyawas plant in 2017, a considerable increase when compared with less than 800t in 2012. The Ambuja Cement Foundation established a farmer-producer company to directly supply biomass to Geocycle India, which processed the waste into a suitable fuel for firing the Rabriyawas kiln.
Big Boss Cement to prove concept to Board of Investments
Henry SY JR's Big Boss Cement Inc (BBCI) failed to get initial approval after the Philippine Board of Investments (BOI) denied its first application, because it lacked 'proof of concept'. BBCI President, Gilbert Cruz, said they filed a motion on Friday for reconsideration to the BOI to show their proof of concept. According to Mr Cruz, BBCI's initial application filed last year was disquali...
UltraTech reports 37% volume jump in 3QFY18
UltraTech Cement Ltd, an Aditya Birla Group Company, has announced its unaudited financial results for the quarter ended 31 December 2017 (3QFY18). Net sales stood at INR78,970m (US$1.23bn) as compared to INR59,270m (US$145.4m) in the corresponding period of the previous year, the company statement read. EBITD was INR14,940m vis-à-vis INR12,800m in the corresponding period of the previous...
Star Cement sells 3% stake through open market transactions
Star Cement has sold a 3.34 per cent stake in the company worth INR1.82bn (US$28.5m), according to Money Control. The sale was made through open market transactions by three promoters of the company. The shares were disposed at average price of INR130 each. SBI Mutual Fund also bought 15.3m shares, which translates to a 3.66 per cent stake of Star Cement. These shares were priced at INR129.9,...