Cement News tagged under: Weekly Newsletter
Oman Cement Co announces new 5000tpd plant02 January 2020, Published under Cement NewsOman Cement Co has issued an EPC tender for a new integrated cement plant in Duqm with a clinker capacity of 5000tpd. The plant will be operated as Alsahawa Cement Co (ASCC). The project is expected to be implemented in a backward integration mode, where cement will be produced by ASCC after receiving clinker from its parent company. Through this process, cement is anticipated to be available by September 2021. Construction of the clinker line will begin in parallel with the grinding facil... |
HeidelbergCement Bangladesh seeks court approval for amalgamation02 January 2020, Published under Cement NewsHeidelbergCement Bangladesh Ltd has updated Dhaka Stock Exchange last week about seeking court approval for amalgamation with Meghna Energy Ltd. The company's notification says, "Refer to their earlier news disseminated by DSE on 18.07.2018 regarding amalgamation with Meghna Energy Ltd; the company has further informed that they have jointly presented an application under Sections 228 and 229 of the Companies Act, 1994, being Company Matter No 308 of 2019 seeking sanction of the Honourable ... |
Vietnam exports 34Mt of cement and clinker in 201901 January 2020, Published under Cement NewsVietnam is estimated to have exported 34Mt of cement and clinker, worth US$1.39bn, in 2019, reflecting a 6.25 per cent YoY increase in volume and 11.2 per cent YoY rise in value, according to the Department of Import-Export, under the Ministry of Industry and Trade. The exports have surpassed the Ministry of Construction (MoC)’s estimated figure at the beginning of 2019 by US$100m-US$150m, according to a report in the local newswire Dau Tu (Investment). In 2019, Vietnam is estimated to have ... |
India's demand recovery delayed to second half of FY2131 December 2019, Published under Cement NewsGrowth of Indian cement demand fell short of expectations in Fiscal Year (FY) 2019-20 and no major recovery is expected until after the 2020 monsoon, according to analysts quoted in a report in the Business Standard. The sector is expected to end both the calendar as well as the financial year with flat demand growth, which is well below expectations for 5 to 6 per cent growth forecasts at the start of the year. “The general elections in Q1, and subsequently, heavy rains in most parts of t... |
CRH seeking buyers for its Brazilian business30 December 2019, Published under Cement NewsCRH, Ireland, is selling its cement business in Brazil, which it acquired in 2015 as part of a portfolio of assets bought from Lafarge and Holcim during their merger, according to reports in Valor Economico. CRH Brasil Participacoes S.A. operates three integrated plants and one grinding mill in the states of Minas Gerais and Rio de Janeiro with a total cement production capacity of 2.75Mta. CRH has reportedly hired Citigroup to help find buyers for the Brazilian assets. The bank is already... |
Power Cement completes plant expansion30 December 2019, Published under Cement NewsPower Cement Ltd, part of the Arif Habib Group, has completed the expansion of its Nooriabad facility, Pakistan, making the company the second largest producer in the southern region of the country. The upgraded plant installed a second production line, supplied by FLSmidth (Denmark), increasing capacity from 3000tpd to 10,700tpd. Total plant capacity now stands at 3.6Mta. |
Makoju retires; Dangote Cement appoints new CEO27 December 2019, Published under Cement NewsMichel Puchercos, a former managing director of Lafarge Africa, has been appointed as the new Chief Executive of Dangote Cement Plc, according to a report in The Sun, Nigeria. His appointment comes following the retirement of Joseph Makoju from the board of Directors of Dangote Cement and as the group managing director and CEO, ending a 45-year career in the industry. Mr Puchercos, a French national, will take up his new position on February 1, 2020. He has more than 20 years’ experien... |
LafargeHolcim obtains SBTi validation for its CO2 reduction targets20 December 2019, Published under Cement NewsThe Science-Based Targets initiative (SBTi) has validated LafargeHolcim's targets to reduce its global carbon emissions. According to SBTi, LafargeHolcim’s targets are adequate and consistent with the global effort to keep temperatures below the '2°C' threshold as agreed at the COP21 world climate conference in Paris. The SBTi has approved LafargeHolcim’s commitment to reduce scope 1 GHG emissions by 10 per cent per tonne of cementitious materials by 2030 from a 2018 base year. LafargeHol... |
OYAK to merge five companies on Istanbul Stock Exchange19 December 2019, Published under Cement NewsTurkey's leading cement group, OYAK Holding is merging five cement companies traded on the Istanbul Stock Exchange. OYAK Group is an industrial and financial conglomerate owned by the Turkish military's pension fund. It's decision on the merger was made "to create synergies in line with our strategic plans and our targets for the cement sector," OYAK said in a statement to the Istanbul Stock Exchange late on Monday. OYAK Group said talks between its units had begun on the merger in line wi... |
LEILAC 2 is in the pipeline19 December 2019, Published under Cement NewsThe success of the The Low Emissions Intensity Lime and Cement (LEILAC) project to separate and capture CO 2 from the cement production process will enable a second LEILAC 2 project to be pipelined. The LEILAC project, located at the Lixhe cement plant in Belgium, which started operations to capture CO 2 emissions from the cement production process using Calix technology in May 2019, will continue to be tested until the end of 2020. The LEILAC 2 project will have a new reactor, about ... |