Displaying items by tag: Cementos Fortaleza

Mexico/Qatar: Fives has released information on cement plant projects in Mexico and Qatar. It commissioned a second FCB Horomill unit on 31 January 2017 at the cement grinding plant of Cementos Fortaleza, as part of the new 3300t/day complete line under construction at the Tula cement plant in Hidalgo. The first unit was commissioned in early December 2016.

Fives FCB was awarded the engineering, procurement and construction (EPC) contract from Cementos Fortaleza in mid-2015 for the design, supply, erection and commissioning of the cement production line. It includes a burning line using a FCB Kiln, FCB Zero-NO_x Precalciner, FCB Preheater and Pillard Novaflam burner; raw meal and cement grinding plants using FCB Horomill and associated FCB TSV™ Classifiers; and a petcoke grinding plant using a FCB B-mill and associated FCB TSV Classifier. The FCB Horomill raw meal grinding plant and FCB Kiln are scheduled for commissioned in the second quarter of 2017.

In Qatar, Fives commissioned a cement milling unit on 6 February 2017 for Qatar National Cement Co.'s fifth production line in Umm Bab. This follows the commissioning of another mill at the site on 25 January 2017.

The mills are part of a 5000t/day production line that Fives is building for the client covering raw material preparation to cement despatch. The equipment ordered includes one 6400 kW FCB B‑mill with a FCB TSV7500 Classifier for the raw meal grinding plant, one five-stage FCB Preheater and a FCB Zero-NO_x Precalciner, along with a FCB Kiln for the burning line, two TGT process filters and two 4200 KW FCB B‑mills with their FCB TSV4000 Classifiers for the cement grinding plant.

Mexico: Mexican construction group Elementia has paid the final US$45m instalment for the acquisition of a 47% stake in Mexican cement producer Cementos Fortaleza from Switzerland's LafargeHolcim.

Cementos Fortaleza was formed as a joint venture in 2013 by Elementia and Lafarge, prior to its merger with Holcim. In 2014, Lafarge agreed to sell its interest in the venture for a total of US$225m. As part of the deal, Elementia was required to pay 80% of the purchase price, or US$180m, in December 2014 and the remaining 20% in December 2015.

Mexico: Mexico's cement producer Elementia is in talks to buy out its joint venture partner Lafarge, according to local media. Elementia has the right to buy Lafarge's 47% stake under an option described in the original terms of the partnership. Lafarge is said to be keen to avoid competing with itself in Mexico after agreeing to the US$40bn merger with Holcim, which already operates in the country.

The stake has been valued as high as US$500m. However, it is unlikely to attain that high a price because Lafarge has limited bargaining power and Elementia already has majority and management control of the joint venture. Lafarge may be forced to offer its stake at a discount to convince Elementia to buy. Lafarge and Holcim's recent proposed asset divestment list did not include the Mexican joint venture, which has a cement production capacity of 2Mt/yr.

Elementia sells cement in Mexico under the brand Cementos Fortaleza. Buying out Lafarge would bolster Elementia's position in Mexico, where cement demand is predicted to grow on the back of economic overhauls that were approved in 2013.