Cement News tagged under: corporate
Cimentos de Maiaia launches and aims to lower cement prices06 June 2018, Published under Cement NewsCimentos de Maiaia has begun commerical operations in Mozambique. President Filipe Nyusi inaugurated Mozambique's third cement factory at the end of May. The Cimentos de Maiaia plant has a cement capacity of 0.25Mta and is located in the northern port of Nacala city. The production unit is 85 per cent Chinese owned and cost US$10.28m to build. Cimentos de Maiaia employs 48 local residents and 60 workers in total. It will make its own clinker instead of relying on imports. "Our immediate ... |
Ssangyong Cement to increase energy-efficiency of Donghae plant05 June 2018, Published under Cement NewsSouth Korea’s Ssangyong Cement Industry Co has announced plans to increase the energy-efficiency of its Donghae plant. The project includes the installation of a waste heat power generator with an energy storage system, which is expected to be operational by August. The company expects the waste heat power generator to help the facility save approximately 33 per cent of electricity, amounting to KRW25.7bn (US$24m), reports the Maeil Business Newspaper. Ssangyong Cement has announced a ... |
PhilCement obtains loan to build terminal05 June 2018, Published under Cement NewsPhilippines-based Phinma Corp has announced that its cement trading unit secured a PHP875m (US$16.69m) loan to construct a new cement terminal. "The loan will be used for the construction of the cement terminal that will be located in Mariveles, Bataan," said Phinma in a statement. PhilCement Corp signed the five-year fixed-term loan agreement with Security Bank on 1 June, according to Business World. Phinma recently reported its consolidated net income rose 37 per cent YoY to PHP66.... |
Vietnam Ministry proposes Quang Son cement transfer to Vicem05 June 2018, Published under Cement NewsThe Vietnamese Ministry of Industry and Trade has proposed to the government to transfer the management of Quang Son cement plant from Vietnam Industrial Construction Corp (Vinaicon) to Vietnam Cement Industry Corp (Vicem), which are both government-run corporations, amid having huge losses and mounting loans, according to Viet Nam News. The loans have increased to 95 per cent of the total VND3.5trn (US$153m) of the project. Moreover, Vinaincon has no extra cash to fund the project, which... |
NovaAlgoma Cement Carriers acquires 25% of JT Cement05 June 2018, Published under Cement NewsAlgoma Central Corporation (ACC) has announced that NovaAlgoma Cement Carriers Ltd (NACC) has acquired a 25 per cent ownership interest in JT Cement, which operates a fleet of seven smaller pneumatic cement carriers, which also include Norway-based KGJ Cement Holdings and Erik Thun of Sweden as stakeholders. "This investment will allow us to each apply our experience and knowledge in the pneumatic cement carrier market to create additional shipping solutions to meet the needs of customers,"... |
LafargeHolcim starts Martres-Tolosane modernisation05 June 2018, Published under Cement NewsOn Monday, LafargeHolcim announced the start of the modernisation works at its Martres-Tolosane plant in France. The project represents an investment of more than EUR100m. The first phase of civil engineering was awarded to Toulouse-based Eiffage Génie Civil. The next 12 months will see the construction of the foundations of the new preheater tower and kiln line. The allocation of the next contracts will occur in the coming months, said the cement company. |
PT Semen Indonesia to invest in e-commerce platform05 June 2018, Published under Cement NewsPT Semen Indonesia plans to expand its market across the country through an e-commerce platform. The company aims to increase sales through the project, reports Antara. Domestic sales of the company fell 4.5 per cent in the first quarter of 2018, decreasing to 2.27Mt from 2.38Mt. The producer is currently facing competition from new companies joining the market, according to Sigit Wahono, company spokesman. "In Kalimantan, a cement-producing company from China is selling their product... |
INSEE Cement strengthens its supply chain management04 June 2018, Published under Cement NewsCement supply to Sri Lanka's domestic market is heavily dependent on imports of clinker and bulk cement. Therefore, supply chain management plays a vital role, which has forced INSEE Cement (Siam City group) to invest in palletisers, shipunloading equipment and a larger warehouse distribution network. Thusith Gunawarnasuriya, director of Procurement and Logistics at Siam City Cement (Lanka), said, "One key project was commissioning Sri Lanka's first cement bag palletiser at the Ruhunu cemen... |
CDC changes leadership at ARM to halt the decline04 June 2018, Published under Cement NewsBritish development financiers CDC have brought in Sophia Bianchi and Rohit Anand as new directors at ARM Cement, to replace replaced Ketso Gordhan and Pepe Meijer, after seeing its investment in Kenya’s Athi River Mining (ARM) plummet buy more than 90 per cent in just three years. CDC reported a KES6.9bn (US$68m) loss for the 2017 financial year on declining sales. The UK-based investment firm had to act to try and halt the slide. "The replacement of two board nominees…bring in subst... |
Bestway Cement's Farooqia plant completes 6000tpd expansion project04 June 2018, Published under Cement NewsBestway Cement Ltd has completed the installation of its Farooqia plant brownfield expansion project, in Khyber Pakhtunkhwa province. The expansion also includes a 9MW waste heat recovery power plant. According to Bestway Cement's Company Secretary and General Counsel, Sehar Husain, the project has completed in a record time of 14 months. The Farooqia Line II commenced production on 31 May 2018 and has a clinker capacity of 6000tpd. The Bestway now has a total group cement capacity of 7.96... |