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Cement News

»   » Singapore Exchange blocks International Cement Group’s purchase of Schwenk Namibia
Mon, 24 Jun 2019 11:13:09 +0000

Singapore Exchange blocks International Cement Group’s purchase of Schwenk Namibia

Singapore: The Singapore Exchange has blocked the International Cement Group’s (ICG) proposed acquisition of Schwenk Namibia. It said that the transaction did not meet the requirements of a very substantial acquisition (VSA) because the target business was not profitable and because the buyer did not have sufficient cash resources to fund the purchase.

In order to approve the acquisition in the future the exchange requires: that ICG commissions implement anti-money laundering measures on any potential funds for the transaction; that it put into place ‘adequate’ internal controls and risk management systems for any of its operations in Kazakhstan, Tajikistan, Namibia and any other developing country; and that the audit committee uses external auditors.

ICG announced in March 2019 that it had arranged to buy a 100% stake in Schwenk Namibia for US$104m. Schwenk Namibia owns a 69.8% share of Ohorongo Cement.

»   » Cem’In’Eu orders 0.25Mt/yr grinding plant from Fives
Mon, 24 Jun 2019 11:12:23 +0000

Cem’In’Eu orders 0.25Mt/yr grinding plant from Fives

France: Cem’In’Eu has ordered a 0.25Mt/yr grinding unit from Fives for its Portes les Valence plant in Drôme. The plant has an investment of Euro24m and it is scheduled to open in the second half of 2020. The scope of supply includes raw materials loading, clinker, limestone and gypsum hoppers, a 34t/hrt CEM II A/L FCB B-mill (ball mill) operating in a closed circuit with a FCB TSV dynamic classifier. The Portes les Valence project follows the opening of Cem’In’Eu’s grinding plant at Aliénor in Tonneins in 2018.

»   » Norm Cement to increase production for export market
Mon, 24 Jun 2019 11:11:38 +0000

Norm Cement to increase production for export market

Azerbaijan: Norm Cement plans to increase its clinker production in order to expand its export markets. It intends to export 1Mt in 2019, according to the Trend News Agency. In 2018 it exported 10,000t to Georgia. In 2019 it hopes to send 0.1Mt to Kazakhstan.

»   » Xuan Khiem Group seeking government approval to build US$214m cement plant in Vietnam
Mon, 24 Jun 2019 11:10:38 +0000

Xuan Khiem Group seeking government approval to build US$214m cement plant in Vietnam

Vietnam: Xuan Khiem Group is seeking government approval to build a US$214m cement plant in Hoa Binh province. The Xuan Son plant will have a production capacity of 2.3Mt/yr and it is scheduled to be completed in 2020, according to the Viet Nam News newspaper. The People’s Committee of Hoa Binh province and Xuan Khiem Group signed a memorandum of understanding to build the plant in late 2018.

»   » Vicem Hoang Mai to build 3Mt/yr cement plant in Nghe An province
Mon, 24 Jun 2019 11:09:22 +0000

Vicem Hoang Mai to build 3Mt/yr cement plant in Nghe An province

Vietnam: Vicem Hoang Mai plans to build a 3Mt/yr cement plant in Nghe An province with an investment of US$286m. The unit will be built in the province’s Hoang Mai 2 Industrial Zone, according to the Vietnam Economic News newspaper. The project was approved in principle by the Provincial People's Committee in May 2019. It is part of the country’s cement industry development plan in 2030.

»   » Dangote Cement Ethiopia’s bagging unit on hold
Mon, 24 Jun 2019 11:08:09 +0000

Dangote Cement Ethiopia’s bagging unit on hold

Ethiopia: A new bag-packing unit at Dangote Cement Ethiopia’s Mugher plant in Oromia is unable to start operation due to a lack of raw materials. The US$20m polypropylene bag plant was completed in April 2018 but it is restricted by government controls on foreign currency that are limiting its import of input materials, according to the Reporter newspaper. The unit can produce up to 120 million bags per year.

The cement producer has also suspended plans to build a second 2.5Mt/yr production line at the plant. An agreement was signed with China’s Sinoma International for the project but it has since been abandoned due to a shortage of foreign currency, a lack of electrical power and general security issues. Deep Kamara, the country manager of Dangote Cement Ethiopia, was killed in an gun attack in mid-2018. No one has been arrested in relation to the murder.

»   » LafargeHolcim Ivory Coast launches online sales
Mon, 24 Jun 2019 11:07:03 +0000

LafargeHolcim Ivory Coast launches online sales

Ivory Coast: LafargeHolcim Ivory Coast has launched online sales of its products on the Jumia e-commerce platform. The online store is aimed at individual and small business customers, according to the Agence Ivoirienne de Presse. The project is starting in a pilot phase in Abidjan and Bingerville. Deliveries of orders made online are coordinated with the company’s Binastore network around the country.

»   » Dalmia Cement and South Eastern Railways inaugurate freight train
Mon, 24 Jun 2019 11:06:16 +0000

Dalmia Cement and South Eastern Railways inaugurate freight train

India: Dalmia Cement and South Eastern Railways have inaugurated a freight train. The ceremony marked the start of an agreement whereby the cement producer will use its own locomotives with branded rakes of goods wagons, according to the Pioneer newspaper. The deal covers five such freight trains.Image

»   » Loma Negra reaches agreement with union to keep Barker cement plant open
Mon, 24 Jun 2019 11:05:06 +0000

Loma Negra reaches agreement with union to keep Barker cement plant open

Argentina: Loma Negra has signed an agreement with the Asociación Obrera Minera Argentina (AOMA) union and the government to keep the Barker cement plant open. The deal follows three months of negotiations, according to La Nacion newspaper. The cement producer wanted to reduce the number of shifts at the grinding plant. It previously said it had started to close the plant in early-June 2019. The plant will continue to operate with 160 staff working a reduced workload amongst other concessions.

»   » Taiheiyo Cement agrees with Task Force on Climate-Related Financial Disclosures recommendations
Mon, 24 Jun 2019 11:03:54 +0000

Taiheiyo Cement agrees with Task Force on Climate-Related Financial Disclosures recommendations

Japan: Taiheiyo Cement says it agrees with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). It is promoting research and development business strategies to mitigate and adapt to climate change. The cement producer is also intending to publish a long-term plan to reduce its CO2 emissions by 2050.