
Displaying items by tag: GCW172
Angola quietly builds up the pace in cement production
15 October 2014Angola made similar noises to Nigeria this week when one of its government ministers declared that the country was self-sufficient in terms of cement production. The comments came from Industry minister Bernarda Martins at a visit by the Angolan president to the China International Fund Luanda Cement plant. Martins' words echoed those made by Joseph Makoju, Chairman of the Cement Manufacturing Association of Nigeria, who declared that his country was making more cement than it consumed back in 2012.
Claims of self-sufficiency are all about context. A major or fast growing economy such as Nigeria declaring self-sufficiency in cement could suggest a potential paradigm shift. A smaller economy might simply have risen from a low production base to a slightly higher one with little consequence. So what does this mean for Angola?
The southern African country has a population far smaller than Nigeria at 19 million. Yet, its gross domestic product (GDP) per capita, in purchasing power parity terms, was estimated to be US$6484 in 2014 by the International Monetary Fund, a figure slightly higher than Nigeria's. In nominal terms its GDP was the fifth biggest in Africa in 2013.
Global Cement Directory 2015 research (to be published in late 2014) gives Angola's four integrated cement plants with a total cement production capacity of just under 6Mt/yr. The plant the politicians have just visited has reportedly just increased its clinker capacity to 3.6Mt/yr and another 0.6Mt/yr capacity is planned to join the market when an InterCement plant expands in 2017. Together this places the country's production at around 8Mt/yr. Domestic cement demand was placed at 6.5Mt/yr in early 2014 giving the country a cement consumption of just under 350kg/capita.
Transnational African bank Ecobank declared than Angola was becoming Central Africa's cement production hub in a commodities report in July 2014. Out of the sub-Saharan countries it has become the fourth largest producer after Nigeria, South Africa and Ethiopia and the third largest consumer after Nigeria and South Africa. Angola too has restricted cement imports, like Nigeria. In 2014 the Ministry of the Economy, Industry, Commerce and Construction implemented a stoppage on imports in a phased manner under the auspices of its local cement association, the Association of Industrial Cement of Angola.
Where Angola is different to Nigeria is in the composition of the companies that produce its cement. There is no large local presence to rival Nigeria's Dangote. The former colonial links are there with a plant operated by Brazil's InterCement, who inheritied it from Portuguese company Cimpor. Of the rest, Chinese and South Korean investors figure prominently.
Finally, it is also worth noting that Angola has none of the main sub-Saharan players present including Dangote, PPC or Lafarge Africa. Roughly half-way between the African cement powerhouses of Nigeria and South Africa and with a handy coastline, Angola deserves further attention.
Patrick Bass to become CEO of ThyssenKrupp North America
15 October 2014US: Torsten Gessner has stepped down as CEO of ThyssenKrupp North America as of 10 October 2014. Patrick Bass, currently senior vice president Product Lifecycle Management/Research and Development at the ThyssenKrupp Elevator headquarter in Germany will become CEO of ThyssenKrupp North America as of 1 January 2015. Kevin Backus, Senior Vice President and General Counsel at ThyssenKrupp North America will be responsible for the regional headquarter on an interim basis.
Patrick Bass started his career at ThyssenKrupp with ThyssenKrupp Elevator Corp., Horn Lake, US as a Mechanical Engineer in 1999. He served in various positions in the Elevator organisation where he took over the position of Executive Vice President of Research and Development before he changed to ThyssenKrupp's Elevator headquarter in Essen, Germany and took over the position of Senior Vice President Product/Research and Development in 2012.
Torsten Gessner started his career as Chief Operating Officer at ThyssenKrupp CENE in 2005. In 2009 he became CEO of ThyssenKrupp's global Business Unit for Escalators and Passenger Boarding Bridges, headquartered in Germany. In 2012 Torsten Gessner moved to the USA to assume responsibility as CEO for the implementation of ThyssenKrupp's first regional organisation in North America headquartered in Chicago.
With a turnover of Euro8.3bn in the 2012 - 2013 financial year and 20,000 employees, North America is the biggest and most important foreign market of the Essen-based industrial and engineering group.
Holcim appoints three new employees at Ste. Genenvieve plant
15 October 2014US: Holcim's Ste. Genevieve plant has appointed three employees to leadership positions. Corey Green was named area leader for Maintenance and Reliability, Rodney Forester accepted the position of operations leader and Houston Meyer was named as Raw Mill area leader.
Green, in his role as Maintenance and Reliability area leader, is responsible for operations and maintenance within the plant area. Green has 15 years of experience in equipment repairs. His previous six years were as a project manager with Roland Machinery Company, where he was responsible for the oversight of the maintenance contract with Holcim.
Forester, in his role as operations leader, will supervise shift personnel and control room operations that support optimisation of processes for efficient operations. Forester joined Holcim (US) in 2008 as a cement technician in the Maintenance and Reliability department and most recently worked in the control room on a temporary operations leader assignment. Forester holds an associate's degree in welding technology from Jefferson College.
Meyer will be responsible for operations and maintenance within the Raw Mill area. He joined the Ste. Genevieve team in 2011. His most recent role was as cement technician with the Raw Mill team. Prior to joining Holcim, Houston was employed at Alberici Constructors for six years.
UltraTech appoints two new additional directors
14 October 2014India: UltraTech Cement Limited has appointed Sukanya Kripalu and Renuka Ramnath as additional independent directors with effect from 11 October 2014.
Military builds new cement production line at Al-Arish
15 October 2014Egypt: The military-run Al-Arish cement plant is building a new cement production line, which will be completed by the end of 2015, according to the head of the construction materials department at the Cairo Chamber of Commerce Ahmed El-Zeiny. After completion, the production line will double the plant's production from 3.5Mt/yr to 7Mt/yr. It is expected to cost up to US$112m.
"This is an attempt to fight the monopoly imposed by foreign cement facilities that sell cement at higher prices than the international standards," said El-Zeiny.
UltraTech linked to bid for Lafarge assets in Brazil
15 October 2014India/Brazil: UltraTech Cement, India's largest cement producer, intends to bid for assets owned by Lafarge in the south-eastern region of Brazil, according to Indian press. If the bid is successful it will be the company's largest overseas deal to date. The Aditya Birla Group company currently holds small assets in west Asia.
The Brazilian assets on sale include three integrated cement plants and two grinding stations with a total capacity of 3.6Mt/yr, as well as one ready-mix plant. The Lafarge assets are on sale as part of the divestment plant following the announcement of the LafargeHolcim merger.
UltraTech has an installed cement production capacity of 62Mt/yr. It has 12 integrated plants, one clinker plant, 16 grinding units and six bulk terminals with operations across India, United Arab Emirates, Bahrain, Bangladesh and Sri Lanka.
Shree Cement to consider importing Indonesian coal
15 October 2014India: Shree Cement is considering importing coal from Indonesia in 2015. The Indian cement producer is in talks with Indonesian mines, according to a report by India Coal Market Watch. The report said that Shree Cement had purchased around 1.5Mt of US steam coal in 2013 – 14. Part of this allocation was re-sold by the company to brick kiln-makers in Punjab, Haryana and Rajasthan. Shree Cement is believed to have secured its steam coal and pet coke requirements until December 2014.
Zambian minister sued by Dangote over corruption allegations
14 October 2014Zambia: Dangote Cement's Zambian subsidiary has sued the country's labour minister for libel and slander after he accused an executive of Dangote Cement Zambia of attempting to bribe him in September 2014. Dangote said that that the minister had created an impression that the company was exploiting Zambian workers and enticing government officials with bribes.
"The plaintiff has been brought into public scandal and its reputation has been injured," said Dangote. Local reports suggest that the dispute is the latest in a string of incidents in which Zambia's government has resorted to unorthodox tactics against foreign investors that it believes are circumventing labour laws.
Eurocement’s Mikhailovcement plant produces 1.21Mt of cement in January - September 2014
14 October 2014Russia: Eurocement's Mikhailovcement plant in Ryazan produced 1.21Mt of cement in January - September 2014, up by 20.2% on the same period of 2013. This includes 281,350t of CEM I 42.5H (+65.6%) and 981,620t of clinker (+17%). A total of 1.23Mt (+21.1%) was shipped to customers. The plant extracted 1.27Mt of limestone (+16.9%) and 439,860t of clay (17.2%) from its quarry during the first nine months of 2014.
Oman: Raysut Cement reported a 17.8% increase in quarterly net profit after tax in the third quarter of 2014, according to Reuters. It made US$13.8m in July – September 2014 compared with US$11.7m in the corresponding period of 2013.