
Displaying items by tag: GCW242
Mexico/Thailand/Bangladesh: Cemex has signed an agreement for the sale of its operations in Bangladesh and Thailand to Siam City Cement for US$53m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The deal is expected to be finalised in the second quarter of 2016 subject to regulatory approval.
Cemex runs a 0.8Mt/yr integrated cement plant in Saraburi, Thailand. The plant was originally purchased from Saraburi Cement for US$77m in 2001. Cemex operates a 0.52Mt/yr cement grinding plant in Madangonj, Bangladesh.
Indian cabinet supports amendment to mining law
10 March 2016India: The cabinet has cleared an amendment in a mining law to permit the transfer of captive mines granted on discretion. Major deals between cement companies including UltraTech, Reliance Cements and Lafarge have been affected because the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act, 2015 restricts the transfer of mining leases to auctioned mines only. The amendment will now need approval by the Indian parliament to become law.
In January 2016, the government proposed the amendment to "spur merger and acquisitions in the mining sector and help in checking the stressed and non-performing assets of banks by allowing them to liquidate assets where a firm or its captive mining lease is mortgaged.”
Batıçim orders burning system from FCT Combustion
10 March 2016Turkey: Batıçim Batı Anadolu Çimento Sanayii A.Ş. has ordered a burning system firing petcoke, fuel oil and alternative solid fuels from FCT Combustion. The order follows a long relationship with the Turkish market by FCT. The specialist industrial combustion and process engineering company first worked with a certified manufacturing partner in Istanbul in 1999.
Loesche delivers first mobile grinding plant
10 March 2016Germany: Clariant Germany has purchased the first mobile Loesche grinding plant to grind bentonite at its Balikesir facility in Turkey. Clariant required a mobile plant because the site is due to be relocated. The mill is integrated into seven ISO containers, all the electrical connections between the containers are pluggable and no foundations are required for its erection on solid ground. The mill is expected to be commissioned in May 2016.
The vertical roller mill uses a type LM 9.2 D mill, it is designed for grinding industrial minerals and it has a capacity of 1.8t/hour. The Balikesir facility grinds bentonite, which is ground to a fineness of 30% R 0.063. The grinding plant has a power transmission capacity of 45kW. All grinding plant components from the open loop control to the feed bin, the crusher, the mill with classifier, the hot gas generator, the filter, the fan and the pneumatic product transport are placed in containers.
Clariant is a global leader in specialty chemicals. Its headquarters are in Muttenz near Basel in Switzerland.