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Cambodia: China’s CITIC Heavy Industries has ordered a 5500t/day ETA 10610S clinker cooler from Germany’s Claudius Peters. The cooler will be used in a new cement plant being built for Chip Mong Insee Cement Corporation in the southern Kampot region.
The order represents a new territory for Claudius Peters, as it will be the first time it has supplied equipment to Cambodia. Delivery will take place in November 2016.
Written by Global Cement staff
04 May 2016
Spain: Cementos Molins has posted a net profit of Euro15.4m for the first quarter of 2016, a rise of 1.7% year-on-year. The group’s consolidated quarterly revenue came in at Euro130.7m, 10% less than in the first quarter of 2015.
Cementos Molins suffered a Euro6m negative impact on its accounts due to the depreciation of the Mexican and Argentinian currencies during the quarter, which was compensated by improved margins.
Ukraine: Mykolaiv-based Mykolaivcement reduced the loss that it made by 25.3% to US$8.75m in 2015, having boosted its net revenue by 31.9% to US$27.2m.
Nigeria: The Cement Company Of Northern Nigeria (CCNN) has reported a net revenue of US$17.9m for the first quarter of 2016, compared to US$22.2m in the same period a year earlier. This represents a 19% decrease year-on-year. CCNN’s profit before income tax dropped more dramatically, falling by 61% to US$1.79m from US$4.67m.
Nigeria: Lafarge Africa is marketing a US$302m bond to refinance some of the US Dollar-denominated debt held by its subsidiary United Company of Nigeria (UNICEM), which it bought in 2015. Chief finance officer Anders Kristiansson said that there was strong interest for the bond and that book-building was expected to open in the second week of May 2016.
The cement maker said it had received approval from Nigeria's Securities and Exchange Commission (SEC) for a US$500m bond, but will issue US$302m for five-years. "We are in the process of restructuring the UNICEM debt,” explained Kristiansson. "We want to refinance the US Dollar borrowings that we have in UNICEM."