Cement News tagged under: Weekly Newsletter
India: Nirma to acquire Lafarge India for US$1.4bn11 July 2016, Published under Cement NewsLafargeHolcim has announced that it has reached agreement with Nirma Group for the sale of Lafarge India. The deal - valued at US$1.4bn - will see Nirma acquire assets that include 11Mta of grinding capacity and several limestone quarries. Nirma has won out against four other bidders: China’s Anhui Conch, Mexican firm Cemex, and domestic firms JSW Cement and Piramal Group. The Competition Commission of India still needs to approve the move, but given Nirma’s small existing presence in the... |
EU member states could save EUR9bn by co-processing more waste08 July 2016, Published under Cement NewsJust over half of the waste generated in the EU is recycled, 13 per cent is used for energy recovery, but 35 per cent is still disposed of, mostly in landfills claims a report by Ecofys. Ecofys has clarified the role cement plants across the EU can play and how they can be part of European and national waste management policies. The cement industry co-processes millions of tonnes of waste as alternative fuel and alternative raw materials. Analysis of the report suggests that EU member st... |
Greece: Heracles Cement plant modernisation07 July 2016, Published under Cement NewsHeracles Cement, a member of the LafargeHolcim Group, announced the completion of its first phase of an investment plan to modernise its Volos plant. The project, costing approximately EUR5m (US$5.5m), aims to boost the plant's export activity and competitiveness in the domestic market. In 2016, Heracles Group has modernised the plant's electrical installations, as part of its strategic priorities to ensure employees' Health and Safety, improve functionality and achieve sustainable dev... |
Belgium: appeal court overturns competition watchdog fines06 July 2016, Published under Cement NewsHolcim, CBR, CCB and Febelcem, the Belgian cement association, have seen the competition watchdog’s judgment to pay a EUR14.7m fine overturned by the Belgian Court of Appeal. The competition authority fined the cement majors and the association for the alleged formation of a cartel to reduce competition in the domestic market, but the Court of Appeal found that such illegal practices did not occur. |
Peru: Inka to start Pisco cement plant construction05 July 2016, Published under Cement NewsCementos Inka will begin construction of a second cement plant in Pisco, Peru, in the next few months. This second unit will be situated on a 20ha plot and should begin production in the 4Q17. The US$30m project's environmental impact study has been approved already. Cementos Inka is also evaluating plans for a third production unit capable of 0.5Mta in Piura. This facility is expected to cost US$40m and will occupy 100ha. Construction works on this project could begin half-way through ... |
HeidelbergCement completes 45% shareholding in Italcementi04 July 2016, Published under Cement NewsHeidelbergCement AG has completed the acquisition of a 45 per cent shareholding in Italcementi SpA from Italmobiliare SpA. All conditions for the closing of the transaction have been fulfilled following the approval by the relevant competition authorities. "Today’s closing is an important milestone in the history of HeidelbergCement," said Dr Bernd Scheifele, chairman of the Management Board, on Friday, 1 July. "By adding Italcementi to our Group, we are considerably strengthening our globa... |
Indonesia: SCG Indonesia's sales revenue up 18% YoY04 July 2016, Published under Cement NewsSCG Indonesia, a subsidiary of the Thai cement conglomerate Siam Cement Group (SCG), saw its sales revenue increase 18 per cent YoY to IDR1.39trn (US$103m) in the first quarter, mainly from cement sales. SCG Thailand reported that revenue from SCG Indonesia's sales contributed 3.43 per cent of the company's profits in the first quarter, which was equivalent to US$3bn, according to a company statement. "For the ASEAN [Association of Southeast Asian Nations] region, where economic growth con... |
Deadline day reached for Lafarge India bids04 July 2016, Published under Cement NewsToday (4 July) sees the passing of the deadline by which bidders must submit binding offers for Lafarge India's assets. According to press sources, five companies – three domestic and two foreign – are in the running for the facilities, which include production capacity of 11Mta. The five firms submitting their bids today are: Cemex, Anhui Conch, JSW Cement, Piramal Enterprises and the Nirma Group. Of the five, only JSW Cement has a significant presence in the Indian market: the company h... |
What does the Brexit crisis mean for Europe?01 July 2016, Published under Cement NewsOn 23 June the United Kingdom voted in a referendum to leave the European Union. For most, this was a totally unexpected result and there is no question it will have deep political and economic consequences, not just for the UK but for the whole of Europe. The UK is now navigating uncharted territory, where the country’s integrity is now under threat and its relationship with the EU undefined. Moreover, even the future of the EU itself is now under scrutiny amidst fears of further fragmen... |
Russia: demand set to fall by up to 12% in 201630 June 2016, Published under Cement NewsDemand for cement in Russia may drop 10-12 per cent in 2016, according to a representative of Moscow-based Eurocement Group. "As concerns the cement demand forecast in Russia, we assume that the decline may remain in the same range as in 2015: in the vicinity of 10-12 per cent for 2016," the representative told the Interfax news agency. "Eurocement Group plans to sell about 20Mt of cement in Russia and approximately 3.5Mt on other markets, in Uzbekistan and Ukraine," the representative... |