Displaying items by tag: Plant
US: Essroc, part of Italcementi, has acquired the Holcim (US) slag cement grinding plant in Camden, New Jersey, according to MarketLine. As part of the transaction, Essroc will also obtain Holcim's cement terminal in Everett, Massachusetts, US. Upon completion of the transaction, Holcim's staff in Camden and Everett will join Essroc. The transaction is expected to be completed later in 2015. The acquisition will allow Essroc to strengthen its position in the sustainable building products market.
Indonesia: Holcim Indonesia is ready to operate its new US$350m Tuban II plant at the end of 2015, according to Indonesia Finance Today.
Kent Carson, finance director of Holcim, said that in the last three years, the company has aggressively expanded production by building the new Tuban I and II cement plants with a total investment of US$850m. The new plants have 12.5Mt/yr of combined cement production capacity. Holcim Indonesia plans to boost market penetration into a number of areas in East Java and outside Java areas such as in Kalimantan.
Diah Sasanawati, corporate communications manager of Holcim, said that in anticipation of the weakening domestic demand for cement, Holcim plans to export to Vietnam, the Philippines, and Africa. In 2015, the company lowered its annual capital spending by 25% year-on-year to US$250m.
Brazil: Votorantim Cimentos intends to temporarily suspend production at its cement plant in Ribeirao Grande, Sao Paulo from August 2015. The plant will operate as a distribution centre from this time. The decision has been blamed on current Brazilian financial climate.
A total of 128 workers are to lose their jobs, of which 83 have already been suspended, according to Valor Econômico. The company has also confirmed it is working with the workers union for the region to try to relocate the dismissed workers.
India: Emami Cement plans to build a 1.5 – Mt/yr capacity cement plant in Panagarh, Bardhaman, West Bengal, according to the Palestine News Agency. The plan also includes a 10MW captive coal-fired power plant. Land has been allotted by the West Bengal Industrial Development Corporation (WBIDC). The estimated cost of the project is US$65.7m.
Turkey: Bolu Cimento Sanayii AS has completed the conversion of its Ankara grinding facility to a fully-integrated cement plant, according to Reuters. The plant will start operations in July 2015.
New Zealand: The third-largest lime producer in the world, US-based Graymont, has bought the Makareao lime plant in Otago from Holcim and took over the facility on 1 July 2015. Graymont, which has extensive interests in Canada, the US and Mexico, has also bought the McDonald's lime plant at Te Kuiti, Waikato, New Zealand.
Graymont Makareao's operations manager Craig Porter said that the lime plants' output had grown over the last two or three years and that he was excited about the new ownership. Staffing at the plant will not be affected.
Holcim's Weston cement plant project was put on hold in 2013 after it decided to import cement into New Zealand and build two new terminals, including one at Timaru, about four months from the completion of the plant. Waitaki Mayor Gary Kircher said that Holcim still owns the Weston site, associated quarries for limestone, coal and sand and consent for the cement plant that could be established there.
US: Construction materials company Summit Materials has completed its previously announced acquisition of a 1.2Mt/yr capacity cement plant in Davenport, Iowa along with seven cement distribution terminals from Lafarge North America for US$450m in cash, plus an exchange of Summit's Bettendorf, Iowa cement distribution terminal.
The newly acquired cement operations will compliment Summit's existing cement plant in Hannibal, Missouri and cement distribution terminal in St Louis, Missouri. The combined business will operate as Continental Cement, an existing wholly-owned subsidiary of Summit.
Following completion of the transaction, Summit owns 2.4Mt/yr of cement production capacity across the two cement plants plus eight cement distribution terminals along the Mississippi River system ranging from Minneapolis, Minnesota to New Orleans, Louisiana.
Russia: Eurocement Group has launched a 1.3Mt/yr dry-process cement plant in the Ulyanovsk Region's town of Sengiley. The plant will produce cement using a dry process at an investment cost of US$282m. Local press stated that the plant will create about 500 direct jobs and 1000 further indirect jobs.
Dominican Republic: According to Esmerk Latin American News, Cemex Dominicana plans to invest US$5.96m to expand the packaging and palletising capacity at its plant in San Pedro de Macoris. The investment includes a new cement packaging line that will increase its capacity by an additional 1.5m bags per month, reaching a capacity of 2.4Mt/yr. Cemex also intends to expand its cement milling capacity over the next few months and build a new facility for cement loading.
India: According to Accord Fintech, Burnpur Cement's new plant at Patratu Industrial Area, Patratu, Jharkhand was inaugurated by chief minister of Jharkhand, Shri Raghuvar Das, on 13 July 2015.