Displaying items by tag: China
Huaxin Cement to buy plants in Zambia and Malawi
14 June 2021Malawi/Zambia: China-based Huaxin Cement plans to spend US$160m towards buying cement plants in Zambia and Malawi. It intends to spend US$150m on purchasing a 75% stake in Lafarge Zambia and US$10m on acquiring Pan African Cement from Lafarge Cement Malawi. The former operates two integrated cement plants in Zambia with a combined production capacity of 1.5Mt/yr. The latter operates a 0.25Mt/yr grinding plant at Blantyre in Malawi. The acquisition is subject to regulatory approval in each of the relevant countries.
Italy: Zoomlion Europe has appointed Petre Babiceanu as its general manager. He will be responsible for the development of the company’s forklift, aerial work platform, tower and mobile crane business lines, as well as for the operational coordination of the company’s production plant in Italy.
Babiceanu holds over 20 years in senior management roles. His first post at Terra Holding was as Country Manager, when he was responsible for setting up the group's business in Romania. He later acted as South-East Regional Director and then as Group General Manager for Lifting Machinery, overseeing the development and distribution of various brands in the construction sector and starting a new lifting division. He holds a master's degree in civil engineering from the Technical University of Civil Engineering of Bucharest.
China-based Zoomlion established its European subsidiary in 2018 as a regional hub for the production and distribution of its branded product lines.
Ghana: Residents of the McCarthy Hill district in Accra have launched a protest against China-based Empire Cement’s planned McCarthy Hill cement plant. The Daily Guide newspaper has reported that protestors allege that the proposed plant would contaminate water which flows through active salt mines. They have also complained about potential dust emissions from the site. So far the company has broken ground on the project and three silos are in place.
China Concrete appeals against licence rejection for Yau Tong concrete plant cement storage facility
08 June 2021China: China Concrete has appealed against the Environmental Protection Department’s decision to reject its application to renew its licence to operate the cement storage facility at its Yau Tong concrete plant in Hong Kong. The concrete producer said that the rejection was both unfounded and unconventional. The Harbour Times newspaper has reported that the company alleged that state-owned local property developers Minmetals Limited, Qingjian Realty and Yuexiu Property pressured the authority.
Managing director Bono Tsang said, “As early as May last year, we expressed to the government our willingness to relocate the plant despite a huge investment cost, and we proactively proposed tentative locations. Our idea is to build a high-tech, pollution-free and environmentally friendly indoor concrete plant. It will become a model for similar plants around the world.”
Vietnam: Vietnam’s cement exports totalled 14.9Mt in the first four months of 2021, up by 42% year-on-year from the levels in the corresponding period of 2020. China imported 7.38Mt (50%) of Vietnamese cement exports, up by 53% year-on-year. The Philippines imported 2.51Mt (17%), up by 17%, and Bangladesh imported 1.87Mt (13%), up by 38%.
The Viet Nam News newspaper has reported the total value of Vietnamese cement exports for the period as US$563m. China’s value of Vietnamese cement imports was US$258 (46%), the Philippines’ was US$112m (20%) and Bangladesh’s was US$63.1m (11%).
Pakistan: Bestway Cement has provided details of its upcoming 7200t/day-capacity Paikhel cement plant in Mianwali district, Punjab province. China-based Sinoma International Engineering Company will supply engineering, procurement and construction for the plant. The plant will have a 9MW waste heat recovery (WHR) plant.
Pakistan: Descon Engineering says it has been awarded the construction contract for Maple Leaf Cement’s new 7000t/day production line at its integrated Iskanderabad plant. Line 4 is scheduled to be commissioned in mid-2022. China-based Chengdu Design & Research Institute of Building Materials Industry was awarded the equipment and engineering contact for the project in April 2021. Descon Engineering previously contributed towards the work on Line 3 at the unit in conjunction with Denmark-based FLSmidth in 2019. No value for the order has been disclosed.
Mozambique: Chinese West International Holding subsidiary Dugongo Cement has inaugurated its 2.0Mt/yr integrated Matutuine cement plant in Maputo province. The unit had an investment of US$330m, according to the Mozambique News Agency. The site includes a captive 36MW charcoal-fired power station and a residential complex for some of its 300 permanent staff.
President Filipe Nyusi said, “The Dugongo Cement plant will improve the economy of the cement industry, because it will reduce the import of inputs such as clinker."
China: China National Building Material has amended the funding arrangements for an upcoming joint venture of its subsidiaries China United Cement and Henan Investment Group. Reuters has reported that China United Cement will now contribute US$937m to the joint venture’s registered capital, while Henan Investment Group will contribute US$622m.
China: China Resources Cement has appointed Jing Shiqing as its vice president.
Jing joined China Resources Cement in 2003 working in various production technology, human resources management and administration management. He became the Deputy General Manager of the Human Resources Department in 2018 and became a non-executive director of the company in the same year. Jing holds a bachelor's degree in engineering from the Changsha University of Science and Technology and a master's degree of business administration from the Nanjing University.