30 August 2016
Cemex amends US asset sale to Grupo Cementos de Chihuahua 30 August 2016
US: Cemex and Grupo Cementos de Chihuahua (GCC) have amended the terms of a sale of assets to GCC previously announced in early May 2016. The assets being sold by an affiliate of Cemex to an affiliate of GCC in the US have changed and mainly consist of Cemex’s cement plant in Odessa, Texas, two cement terminals and the building materials business in El Paso, Texas and Las Cruces, New Mexico. Cemex’s cement plant in Lyons, Colorado and cement terminal in Florence, Colorado are no longer part of the assets being sold to GCC. Upon closing of this transaction GCC will pay Cemex US$306m.
The sale is subject to customary closing conditions, including approval from the US competition authorities and GCC’s shareholders, as well as GCC obtaining financing to purchase the assets. The deal is expected to be completed before the end of 2016.
Nepal: Shubhashree Agni Cement Udhyog has placed an order for a Loesche Mill LM 35.2+2CS for the cement grinding section of its 700t/day integrated plant being built at Jaluke-6, district Arghakhachi. The order is Loesche India’s first in Nepal.
The order scope includes a mill fan and metal detector. The mill, designed for grinding Portland Slag Cement, will produce at a capacity of 62t/hr with a fineness of 3500 Blaine. The mill will also produce Ordinary Portland Cement and Portland Pozzolana Cement at capacities of 60t/hr and 76t/hr respectively. The mill will be delivered in a period of 10 months.
Other installations of the LM 35.2+2CS have been in operation at Deccan Cement, Bhavanipuram, since 2001, and to Sri Balaha Chemicals’ Hindupur plant for grinding slag at 4000 Blaine.
Loesche India has sold over 110 vertical roller mills for the grinding of raw material, coal and cement to various clients in India and South Asia. It is based in Delhi, National Capital Region.