Cement News tagged under: corporate
Hongshi Holding issues bond for cement plant project24 January 2018, Published under Cement NewsHongshi 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 projects involved by Zhejiang's enterprises, the new cement plant was included in the "Collection of Majo... |
Nevjansky Tsementnik increases output in 201724 January 2018, Published under Cement NewsNevyansky 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 weighs23 January 2018, Published under Cement NewsTunisia-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 support the company’s export sales and the discharge of petcoke for its cement works. However, ... |
Aumund to supply equipment for a plant modernisation23 January 2018, Published under Cement NewsLafargeHolcim 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 bucket elevators to feed the heat exchanger and raw meal silo at the plant. Alongside this, two Aumund ... |
Asia Cement acquires Halla Cement23 January 2018, Published under Cement NewsHong 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 share. "The Korean cement industry is consolidating, and Halla Cement has a leading market positio... |
SOTACIB Feriana shutdown results in white cement shortage23 January 2018, Published under Cement NewsThe 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 announced on 5 January 2018 the plant would be closed from 19 January 2018 for a period of six mont... |
New ECDE plant to open in June23 January 2018, Published under Cement NewsEntreprise 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, export sales are under serious consideration, according to Simane Tabache, CEO of ECDE. |
PPC improves liquidity position22 January 2018, Published under Cement NewsPPC 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 PPC Barnet DRC, a joint venture with Barnet Group, which has a 21 per cent shareholding, and the In... |
National Co for Cement to avoid losses by coal mill22 January 2018, Published under Cement NewsTo 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 added. |
Ambuja Cement co-processes 12,500t of biomass at Rabriyawas works22 January 2018, Published under Cement NewsLafargeHolcim-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. |