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Written by Global Cement staff
05 December 2014
Hungary: Lafarge Cement Magyarorszag has inaugurated a Euro2.28m alternative fuel warehouse at its cement plant in Kiralyegyhaza in the south-west of Hungary. The warehouse will store waste rubber and plastic, as well as industrial and farm waste.
Nigeria: Nigerian police officers and soldiers repelled an attack on 4 December 2014 by gunmen on Lafarge's Ashaka Cement plant in northeast Nigeria, where security forces are battling an Islamic uprising, according to a police official.
The gunmen tried to shoot their way into the Ashaka Cement compound. The same plant in Gombe State was attacked in November 2014 by gunmen suspected of being Boko Haram extremists. A Lafarge spokeswoman in Paris said that no one was wounded in the latest attack. Boko Haram has been blamed for numerous deadly bombings and has taken control of around 25 towns and villages along the northeast border with Cameroon in recent months.
Ecuador/Peru: Peruvian cement producer Union Andina de Cementos (UNACEM) has completed the purchase of Lafarge's cement operations in Ecuador. "We are pleased with the closing of the transaction, which represents an important step in our growth strategy," said Carlos Ugás, managing director of UNACEM. The company closed the acquisition, which was initially announced in May 2014, for approximately US$517m. The deal involves the purchase of a 1.4Mt/yr cement plant located in Otavalo, in the north of Ecuador.
Written by Global Cement staff
04 December 2014
Saudi Arabia: Saudi cement producer City Cement Company has announced that it intends to invest US$6.7m in an alternative energy project. The Chinese engineering company Sinoma will carry out the project, anticipated to be completed by 30 June 2015. Without providing further details on the nature of the project, City Cement said that it will use its own funds and/or Murabaha financing to fund it.
Sri Lanka: Fuji Cement, one of the subsidiaries of Tokyo Cement, which functions as independent company, will go for a strategic merger as a single entity with effect from February 2015. Harsha Cabraal has become the new chairman of the company.
After the merger, the new entity will be named Tokyo Cement Company Lanka Plc. For the merger the companies will cancel the status capital and asset and liability of Fuji Cement and are now waiting for the Company Registrar's approval to go ahead with the merger.
Tokyo Cement (Lanka) plc is a Sri Lanka-based company engaged in the manufacturing and selling of cement and ready mixed concrete to the local market. Its product lines include Nippon Ordinary Portland Cement (OPC), Tokyo Super Ordinary Portland Cement, Tokyo Super Portland Pozzolana Cement and Tokyo Super Masonry Cement.
As of 31 March 2012, Tokyo Cement had four subsidiaries, namely Tokyo Super Cement Company Lanka (Pvt) Limited, Fuji Cement Company (Lanka) Limited, which were both engaged in manufacturing and selling cement; Tokyo Cement Power (Lanka) Limited, which was still in gestation stage and Tokyo Cement Colombo Terminal (Pvt) Limited, which was active in the import and distribution of cement.