Displaying items by tag: GCW272
Intercem marks progress on Kampala Cement grinding plant
10 October 2016Uganda: Intercem has released details on its project to build a cement grinding plant for Kampala Cement. The equipment producer has supplied a 90t/hr cement grinding plant with a ball mill, a clinker storage and four 1000t steel cement silos.
Intercem’s scope of supply included all works except for the foundations. Three separate vibration feeders, two belt conveyors and a bucket elevator were installed. The four silos dispose of truck loading stations and the finished product is transported via air conveyor troughs from the silos to the new packing line. The contract between Kampala Cement and Intercem was originally signed in September 2014.
An additional contract was placed by Kampala Cement at the end of 2015 to order a Pozzolan-Dryer as well as a further storage for primary crushing and drying of the raw material due to the discovery of a higher humidity content of the raw material than originally specified. Construction and installation of these additional assets has finished and the plant including the Pozzolan-Dryer, with a throughput of 40 t/hr, has also been commissioned.
Tarmac launches new cement packing plant
10 October 2016UK: Tarmac has launched a cement-packing unit at its Tunstead cement plant in Derbyshire. The Haver and Boecker 10-spout Adams 2000 packing plant increases the plant’s packing capacity. The launch takes place on the site’s 50th anniversary of cement production. The plant will manufacture Tarmac’s range of plastic packed and tubbed cement products for merchant and retail customers. The plant will also be used to house the company’s new 12.5kg mixer bags that were launched earlier in 2016.
“This new plant is an exciting development for us. It enhances our existing UK-wide supply capacity, ensuring we continue to offer customers and end users superior packed cement products, service and supply. As a business with a strong culture of innovation, the plant will use some of our most pioneering developments, such as plastic packaging,” said Kevan Greenhalgh, Packed Business Manager for Tarmac’s Cement business.
The plant has created 23 new jobs at Tunstead, which employs around 450 people. It will also offer training opportunities for existing employees, through the use of the packing plant’s automated technology. The plant launch coincides with the recent upgrading of Tunstead’s rail freight infrastructure, part of Tarmac’s strategy to support sustainable delivery of materials, and cut transport CO2 by 10% by 2020.
India: Orient Cement is to buy three cement plants from Jaiprakash Associates for US$292m. The cement producer will acquire a 74% stake in Bhilai Jaypee Cement for US$217m from Jaiprakash Associates and the Nigrie cement grinding plant from Jaiprakash Power Ventures for US$75m, according to the Press Trust of India.
Bhilai Jaypee Cement, a joint venture between Jaiprakash Associates and the Steel Authority of India Limited (SAIL), has a 2.2Mt/yr integrated Portland slag cement plant in Satna Madhya, Madhya Pradesh and a grinding plant in Bhilai, Chhattisgarh. The acquisition will also give Orient Cement access to limestone reserves and other raw materials including slag. The Nigrie cement grinding plant in Singrauli, Madhya Pradesh, has a capacity of 2Mt/yr.
"The current proposal to acquire BJCL from JAL is a significant step towards accomplishing our current mission of reaching a capacity of 15Mt/yr by 2020," said CK Birla Group chairman CK Birla, owner of Orient Cement. At present, the cement producer has 8Mt/yr from three plants in Telangana, Maharashtra and Karnataka.
Ugandan government to build cement plant in Karamoja
07 October 2016Uganda: The government intends to build a cement plant in Karamoja in partnership with Moroto Ateker Cement. The company is a formation of Uganda Development Corporation and Savannah Mines, a local firm based in Karamoja, with a shareholding of 51% and 49% respectively, according to the Monitor newspaper. Moroto Aterer has contracted India’s Saboo Technologies to build the cement plant in the Moroto Industrial Park. Saboo has completed a feasibility study and say that the plant will be completed in two phases.
RHI and Magnesita to merge to form RHI Magnesita
06 October 2016Austria/Brazil: RHI and Magnesita are to merge to create a new refractory company called RHI Magnesita. RHI’s management board has agreed to sign a share purchase agreement with Magnesita’s controlling shareholders regarding the acquisition of a controlling stake of at least 46%, but no more than 50% plus one share of the total share capital of Magnesita, pending RHI’s supervisory board approval. The purchase price for the 46% stake will be paid in cash amounting to Euro118m and 4.6 million new shares to be issued by RHI Magnesita. The new company will be established in the Netherlands and listed on the London Stock Exchange.
As pat of the agreement, GP Investments (GP) will become a relevant shareholder of RHI Magnesita. The combined company’s corporate governance will consist of on a one-tier board structure while GP will be represented on the board of directors.
The deal is dependent on approvals by the relevant competition authorities, the migration of RHI to the Netherlands, the listing of RHI Magnesita’s shares in the premium segment of the Official List on the Main Market of the London Stock Exchange and RHI’s shareholders not having exceeded statutory withdrawal rights in an amount of more than Euro70m in connection with organisational changes preceding RHI’s migration from Austria. The migration and the preceding organisational changes in Austria require qualified approval by RHI’s shareholders’ meeting. If the deal is terminated for reasons not under the control of Magnesita’s controlling shareholders, an aggregate break fee of up to Euro20m is payable by RHI to Magnesita’s controlling shareholders.
The merger transaction is expected to complete in 2017. Until then, the two companies will remain completely separate and independent. Therefore customers, suppliers, employees and other stakeholders should expect no change in management teams, commercial relationships, supply chains and product offerings during this period.
RHI and Magnesita say that the new refractory company will bring together complementary businesses, both in terms of products and geographical footprint. Magnesita have a presence in South America and the US compared to RHI’s presence in Europe and Asia. The merger is also expected to aid the company’s position against the growing Chinese refractory industry. In addition, Magnesita’s position in dolomite-based products is complementary to RHI’s asset portfolio, which traditionally has a strong focus and an excellent market reputation for high-quality magnesite products.
Synergies from the merger are expected to deliver at least Euro36m in earnings before tax (EBIT) by 2020. However, if RHI Magnesita’s stake in Magnesita significantly exceed 46%, RHI expects substantially higher synergies of approximately Euro72m, especially in the areas of enhanced production efficiency and cost benefits in research and development, marketing and administrative functions. In addition, capital expenditure synergies are expected to amount to be Euro2 – 7m/yr and aggregate working capital savings of Euro40m are expected in the coming years.
Cemex makes management changes in Cemex LatAm and Cemex Colombia following Maceo scandal
06 October 2016Colombia: Cemex has made organisational changes at Cemex LatAm and Cemex Colombia following senior management dismissals and the resignation of the unit’s chief executive officer in connection to investigations into a land deal in Maceo. The cement producer said the changes would ‘enhance the level of leadership, administration and corporate governance practices.’
The board of directors of Cemex LatAm has decided to split the roles of chairman of the board of directors of Cemex LatAm, chief executive officer of Cemex LatAm and director of Cemex Colombia. Additionally, a new chairman of the board of directors of Cemex LatAm, director of Cemex Colombia, and director of planning of Cemex LatAm have been appointed. The new appointments are effective immediately.
Juan Pablo San Agustin has been appointed chairman of the board of directors of Cemex LatAm. He will also remain as executive vice president of strategic planning and new business development of Cemex. He is a member of Cemex’s executive committee.
Jaime Muguiro Domínguez has been confirmed as chief executive officer of Cemex LatAm. He will also remain as president of Cemex South, Central America and the Caribbean and is also a member of Cemex’s executive committee.
Ricardo Naya Barba has been appointed director of Cemex Colombia.
Francisco Aguilera Mendoza has been appointed director of planning of Cemex LatAm, and will be appointed director of planning of Cemex Colombia in the coming days.
Cemex added that all of the newly appointed executives have ‘significant’ international operating management experience and on average have each close to 20 years of working experience within Cemex.
Star Cement order mill upgrades from KHD
06 October 2016India: Star Cement has ordered upgrades for the 70t/hour ball mill, with a diameter of 3.6m and length of 11.9m, at its plant in Meghalaya from KHD. The equipment manufacturer will supply a roller press RP7-170/90 along with an SKS VC 3000 separator, which will increase the grinding capacity of the current ball mill by more than 100%. This will achieve a total guaranteed production capacity of 150t/hour for Pozzolanic Portland Cement at 3600 Blaine. The upgraded circuit is to be commissioned by 31 March 2017.