Displaying items by tag: GCW369

Nepal: A consortium of Nepal’s five commercial banks has approved credit worth US$140.5m to Hongshi Shivam Cement Private Limited, a Nepal-China joint venture company, in one of the largest ever finance pledges by Nepali commercial banks to any industry or infrastructure project. Company officials said that they would use the loan pledged by the commercial banks to start commercial production of cement at Hongshi Shivam’s 6000t/day plant.

The consortium led by Nepal’s NMB Bank, co-led by Nepal Investment Bank and participated in by Prabhu Bank, Everest Bank and Nepal SBI Bank, pledged the loan to the cement company, which has been conducting trial production of cement since May 2018.

The joint venture said that the loan was sought from Nepali banks to conclude financial closure of the cement plant. It has already received approval to inject Foreign Direct Investment (FDI) worth US$86m from Investment Board of Nepal and the central bank. The Chinese joint-venture partner has pledged to inject total FDI of US$360m, making it the largest FDI ever in the country’s cement industry.

Vietnam: The Vietnamese cement sector exported 2.01Mt of cement in August 2018, a 44% year-on-year increase but 90,000t less than in July 2018. During the first eight months of 2018, cement exports reached 20.1Mt, exceeding the whole year target of 18-19Mt, according to the Ministry of Construction’s Building Material Department (BMD).

Total production stood at 63.9Mt in the first eight months, a year-on-year increase of 30%. The domestic market consumed 43.8Mt. According to the BMD, the industry is likely to reach its consumption target of 65-66Mt in the domestic market for the whole of 2018.

On top of Vietnam’s current large cement capacity, the list of cement projects that are expected to come into operation after 2018 include some very large capacity projects. These include Sông Lam Cement’s production lines 3 and 4 with a total capacity of 3.8Mt/yr, Thái Nguyên Group’s Hà Tiên Cement Project in Bình Phước with an annual capacity of 4.5Mt/yr and the Tân Thắng Cement Project in Nghệ An Province with an annual capacity of 1.8Mt/yr.

India: JK Lakshmi Cement has recently ramped up the production capacity of its grinding units in the state to cater to growing cement demand in Gujarat and Maharashtra. The cement maker operates two grinding units in Gujarat, one at Kalol near Ahmedabad and one in Surat.

"Our combined capacity at both these locations has been raised to about 2.5Mt/yr from 1.5Mt/yr earlier," said Shailendra Chouksey, whole-time director of JK Lakshmi Cement. "We have been expecting reasonable growth in the cement sector largely driven by various government initiatives, as well as focus on infrastructure projects.”

Nigeria: Dangote Group is the most admired brand in Nigeria according to a survey of around 50 brands by marketing agency Brand Nigeria. Several variables such as innovation capacity, product quality, online presence, leadership and presence of products in the local market, have led Dangote to lead this ranking, according to the reserach team.

Bolivia: Emisa has reported that it will stop cement production at its plant in Oruro to concentrate on cement distribution instead. Its existing mills were built in 1946 and their technology is now outdated. Local workers were offered either jobs in other plants, voluntary retirement or a redundancy package.

India: The KCP Ltd cement unit II at Ramakrishnapuram in Krishna district has bagged the ‘Excellent Energy Efficient Unit’ award from the Confederation of Indian Industry (CII). The award is given to the cement plant with lowest specific electrical energy consumption for cement production compared to the national average and lowest specific heat consumption for clinker production as against the industrial average.

Philippines: Holcim Philippines is reported to be considering additional clinker lines in line with the government's ‘Build Build Build’ infrastructure initiative. The LafargeHolcim subsidiary is already in the process of undertaking national expansion from 10Mt/yr in 2018 to 12Mt/yr in 2019.

Nigeria: Lafarge Africa Plc, part of LafargeHolcim, is erecting a new coal grinding plant at its cement plant in Ewekoro, Nigeria, with Germany’s Loesche GmbH as the supplier. The plant previously used natural gas as its main fuel but inadequate local supplies meant that a change to coal was necessary. The order was made by the project’s general contractor, China’s CBMI Construction Company.

Local lignite and petcoke will be used as grinding materials. The grinding capacity for coal is 23t/hr at 23% R90µm and for petcoke it is 16t/hr at 3% R90µm.

The engineering, the core components of the mill and of the classifier with central feed, the rotary gate and the mill gearbox with a nominal power of 450kW are all included in the scope of service. Naturally, the reliable coal mill type corresponds to the ATEX standard to ensure safe operation. This is in line with LafargeHolcim's declared goal, defining health and safety as an overarching value.

Chile: Cemento Polpaico, part of LafargeHolcim, reported a profit of US$5.93m in the first half of 2018, a 52.6% rise with respect to the US$3.9m profit it achieved in the first half of 2017. Its operating revenues from continuing activities were US$120.7m, a 32.2% year-on-year increase.

The company reported that the higher operating revenues were mainly due to an increase in sales volumes of cement and concrete, driven by the greater economic activity.

US: LafargeHolcim has acquired Metro Mix, LLC, a leading provider of ready-mix concrete in the Denver metropolitan area in Colorado. With Metro Mix, LafargeHolcim reports that it has further strengthened its position in the United States, where it is already present with operations in cement, ready-mix concrete, aggregates and asphalt.

Jan Jenisch, CEO of LafargeHolcim, said, “This is our fourth acquisition this year, in line with our Strategy 2022 - 'Building for Growth'. Metro Mix's operations are highly complementary to our existing footprint and will allow us to gain a larger share in a growing market with immediate commercial and operational synergies. I very much welcome all employees of Metro Mix to our company.”
Metro Mix operates two ready-mix concrete plants and reported net sales of around US$30m in 2017.