Displaying items by tag: GCW179

China: Gezhouba Group Cement, a subsidiary of China Gezhouba Group, has signed an agreement with Hubei Zhongxia Cement to set up a joint venture to restructure the assets and businesses of Zhongxia Cement.

The joint venture, with a registered capital of US$190m, will be engaged in production and sales of cement, clinker and fine slag powder and opencast mining of limestone for cement uses. Gezhouba Cement will hold 51% of the venture and Zhongxia Cement will hold the remaining 49%. The venture will acquire the entire current assets of inventories for cement production and operation of Zhongxia Cement after establishment.

US: The mayor of Dixon, Illinois says that he is 'optimistic' that the mothballed St. Marys cement plant in the city will reopen. Mayor Jim Burke told local press that representatives from St. Marys Cement approached him in mid-2014 to discuss the possibility of restarting operations at the plant. The mayor says that the city government is working with the company to see if there are incentives 'to make it all work.'

The plant has been idle since December 2008. When it closed about 90 people lost their jobs. At the same time the Environment Protection Agency fined the company and a co-owner for violations of the Clean Air Act. St. Marys Cement is owned by Brazilian-based cement producer Votorantim.

Tanzania: Tanzania expects to double its cement production to 6Mt/yr in the next few years as new plants are commissioned to meet demand from the construction sector, according to comments made in parliament by Deputy Minister for Industry and Trade, Janet Mbene. Tanzania's cement output rose by 18.9% in 2013 to slightly above 3Mt due to higher demand. Mbene said the rise in output would mean Tanzania would produce a surplus to be exported.

Cement producers currently operating in the country include Tanzania Portland Cement - a subsidiary of Heidelberg Cement, Tanga Cement – a subsidiary of Afrisam Mauritius Investment Holdings and Mbeya Cement – a subsidiary of Lafarge. Lake Cement and Lee Cement Factory are the two newest entrants in Tanzania's cement manufacturing and marketing sector with their core products under brand names of Nyati cement and Kilwa cement respectively. Dangote is also building a 3Mt/yr cement plant in Mtwara Region.