Cement News tagged under: corporate
France: Addoha Group's plant draws right-wing opposition22 December 2016, Published under Cement NewsThe CEO of Addoha Group, Anas Sefrioui, could see his Fos-sur-Mer cement plant project permanently held up due to local political contingencies. in 2012 Groupe Sefrioui, through its subsidiary Sudvrac, started a project to build a cement plant, near the port of Fos-Sur-Mer, some 50km from Marseille. The EUR50m project is expected to produce 0.4Mta of cement and create more than 100 jobs. However, the project has faced significant opposition with the town hall repeatedly request... |
Uruguay: Cimsa to work with Ancap on Cementos Charrúa project22 December 2016, Published under Cement NewsCompany Industrializadora de Minerales SA (CIMSA) wants to form an association with Ancap of Uruguay to receive clinker for its subsidiary Cementos Charrúa, to produce cement at the grinding unit being built in Montevideo. The product is mainly earmarked for export to Brazil. Ancap operates a kiln line in Treinta y Tres, via its subsidiary Cementos de Plata, and will supply clinker to the new Montevideo grinding unit, while Cementos Charrúa completes its kiln line at Treinta y Tres.... |
France: Cemex highlights involvement in Grand Paris project21 December 2016, Published under Cement NewsCemex has released details of its work on the Grand Paris infrastructure project, the largest such programme in France. The company has supplied over 55,000m 3 of concrete for the extension of the Paris Metro, participated in the construction of the ZAC Clichy Batignolles Development Area and provided logistical support for the whole development. “We are proud to participate in monumental projects like the Grand Paris, which will not only reshape the iconic city of Paris, but also improv... |
China Resources Cement and BBMG sign strategic co-operation agreement20 December 2016, Published under Cement NewsChina Resources Cement said it has entered into a strategic co-operation agreement with BBMG Corporation. The parties will jointly explore the Chinese and overseas markets and further promote the advancement of the technology as well as the transformation and upgrade of the cement industry. Both companies will establish a market communications mechanism to strengthen the sharing of market information and experience in production, technology and business management on a regular basis, w... |
Nigeria: Ashaka Cement to be delisted from NSE20 December 2016, Published under Cement NewsThe Board of Directors of Ashaka Cement Plc have opted for a voluntarily delisting of the company from the Nigerian Stock Exchange (NSE) in violation of the exchange’s Free Float Deficiency provision of 20 per cent. According to the directors, Lafarge Africa Plc currently holds 84.97 per cent of Ashaka Cement, bringing the free float that is tradable on the NSE to 15.03 per cent as against 20 per cent stipulated by the exchange. Shareholders may exit the company within the regulat... |
Indonesia: Bosowa Corp opens new 1.8Mta grinding plant19 December 2016, Published under Cement NewsThe Bosowa Corporation has started operation of two new facilities in Banyuwangi, East Java, built with a IDR1.59trn (US$118.2m) investment as part of its expansion strategy this year. The company has completed a cement grinding plant worth INR800bn and a liquefied petroleum gas (LPG) terminal worth INR787bn, are set to tighten Bosowa's grip on both the cement and energy industries in the surrounding regions. "The facilities aim to strengthen distribution and the existence of LPG and cemen... |
Vietnam: Can Tho Mineral and Cement opens new plant in Phu Huu16 December 2016, Published under Cement NewsCan Tho Mineral and Cement JSC (CCM) has announced that it has opened a new 0.5Mta cement plant on the Phu Huu industrial park near the border with Cambodia. The plant was built at a cost of VND180bn (US$8m). According to VietNam Finance, CCM believe that their investment is justified giving growing domestic demand for cement. According to estimates from the Vietnam's Cement Association, consumption is set to rise by 6Mt in 2016 to 60Mt. Nguyen Van Tuan, Vice Chairman of Hau Giang Prov... |
China: Shandong Shanshui returns to profitability16 December 2016, Published under Cement NewsShandong Shanshui Cement has managed to turn its losses into profit following a year of defaulting on debts after a battle for control of the company. Deputy Chairman, Mi Jingtian, said that solutions to the CNY4.6bn (US$661.1m) of defaulted debt are now in place and the company has paid in full all outstanding interest. It has since regained a “normal working relationship” with commercial banks. A disclosure issued on 5 December stated that the company has settled a dispute with China Me... |
Cemex closes sale of Ventika stake16 December 2016, Published under Cement NewsCemex announced that the company closed the divestment of its interest in the Ventika wind farm project. The Mexico-based cement producer sold its minority interest for around US$35m, with the proceeds of the transaction used mainly for debt reduction and general corporate purposes. Ventika’s entire equity is now owned by IEnova, part of Sempra Energy. Cemex Energia will remain as the manager of the Ventika windfarm facilities. |
Medcem adds more grinding capacity to Cameroon16 December 2016, Published under Cement NewsMedcem Cameroon (Eren Holdings Group) announced this week that it will officially open its 0.6Mta Douala grinding plant today, Friday, 16 December 2016. It is just one of a number of new capacity projects that have been scheduled to boost Cameroon’s cement market in the next few years and yet the cement price remains high for this African nation. Cement prices might have been expected to start fluctuating when Dangote Cement brought its 1.5Mta Douala grinding plant in March 2015. Last Ma... |