Displaying items by tag: Additives

Colombia: Cemex Colombia plans to grow its additives production to 9.7ML in 2018. The building materials producer says it is the only local manufacturer of producing aggregate, cement and additives, according to the La Republica newspaper. It produces additives to enhance the properties of cement and concrete. It also supplies additives to other companies with around 11% aimed at third parties in Latin America.

Russia: BASF Construction Systems plans to spend at least Euro6m towards building a new cement additive and concrete admixture plant. The plant will be the company’s fifth in the country, according to Interfax. The subsidiary of Germany’s BASF is currently looking for a site for the unit with a decision planned for 2018. It will then build the plant by 2021.

US: GCP Applied Technologies has launched two new cement additives: Opteva HE quality improvers and Tavero VM grinding aids. Opteva HE is intended to enhance early strength and is targeted at ‘challenging’ cements. Tavero VM is a grinding aid additive intended to help stabilise vertical roller mills during production by reducing water injection requirements and cement pre-hydration. It also improves cement performance by delivering higher strengths and shorter setting time. The company intends to expand its range of additives for cement production under the Opteva and Tavero brands.

Turkey: Fosroc, an international construction chemicals group, has announced a major step in its global growth strategy with the agreement to acquire, subject to regulatory approval, a substantial majority shareholding in the Turkish market leader for cement additives, Idea Kimya.

Andre Ladurelli, CEO of Fosroc, said that the acquisition signals a highly ambitious phase of growth. "Our strategy is to continue achieving double-digit organic growth in existing businesses and enter new territories through the formation of new ventures as well as through acquisitions. The acquisition of Idea Kimya is an excellent example of this strategy, demonstrating our commitment to growth while providing a substantial platform for further development in Turkey and its neighbouring countries. Our attitude is that we want to seize the day, lead the market and out-class our rivals on product, expertise and service," said Ladurelli.

Having recently completed new ventures in Myanmar, Vietnam and Iraq and with a host of other projects currently being developed, Ladurelli cited the example of Kenya as one of Fosroc's key future strategic ventures, through which it aims to open up the East African market. Fosroc's sales in the first half of 2015 increased in line with expectation. Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 18% year-on-year.

"The integration of Idea Kimya into the Fosroc Group will create new high growth opportunities. Fosroc will provide a thorough range of construction chemicals products and solutions, with the support of their global organisation," said Hakan Gulseren, managing director and one of the founders of Idea Kimya.

India: Fosroc Chemicals has set up a new US$1m plant in Uluberia, Howrah district in West Bengal. The plant is intended initially to manufacture 20,000t/yr of cement and concrete additives.

"The plant, constructed on 5261m² of privately owned land on lease, will initially produce cement and concrete reinforcing liquid chemicals. Within a year, we will add powder chemicals manufacturing with another US$1m investment," said R Sai Krishnan, Vice-President, Fosroc Chemicals (India).

The Fosroc Indian arm of the international construction chemicals company wants to increase its turnover to US$67m in 2014. Cement, concrete and grouting chemicals are its main sales drivers in the country. In India it has a 15% market share in construction and industrial chemicals. Around 70% of its turnover comes from business projects solutions and the rest from retail.