Displaying items by tag: Holtec

India: Shree Cement has appointed Shrinath Savoor as its chief sustainability officer. Savoor trained at the Birla Institute of Technology and Science and the Institute of Chartered Accountants of India. He later worked for Holtec before becoming the Joint President for Strategy and Business Development at Shree Cement in 2009.

Algeria: PPC announced its advanced plans for entry into the Algerian cement market on 24 February 2014, through a partnership with Algerian private investors that would see it own a 49% stake in the Hodna Cement Company.

The transaction will be funded on a project finance basis, with 80% debt funding from local banks, according to PPC. The stake, which was bought for an undisclosed amount, will see PPC assume management control of Hodna, allowing for the consolidation of the financial results of the project into the PPC group accounts.

According to PPC, Hodna will construct a 2Mt/yr cement plant for US$350m in the Hodna area, which is roughly 300km east of Algiers. PPC is already building cement plants in Ethiopia, Rwanda and the Democratic Republic of the Congo.

"This project sees us entering yet another African country and gives us confidence that by 2017, 40% of PPC revenues will be earned outside of South Africa," said CEO Ketso Gordhan.

"The Algerian cement market is very attractive, as consumption exceeds local production by approximately 3Mt/yr. Moreover, the Algerian government has committed itself to large-scale capital spending programmes, including the US$6bn New City Hassi Messaoud project, which will see the rollout of thousands of housing units," he said, adding that this would "certainly boost the demand of cement in this country."

The company said that once the feasibility study has been concluded, construction of the plant will take up to 30 months, with commissioning anticipated by the fourth quarter of 2016. As with its other expansion projects, PPC said it would engage China's Sinoma International Engineering as the contractor to supply and build the plant, supported by India's Holtec Consulting.

"With a population of close to 40 million people, of which 74% live in urban areas, combined with a relatively high GDP/capita of US$5582, Algeria still requires the construction of 225,000 housing units per year to meet demand. The national housing shortage in Algeria is estimated at 1.2m units," stated PPC.

West Bank: India's Holtec has won a tender to carry out a feasibility study for The Palestinian Commercial Services Company (PCSC) regarding the establishment of the first cement plant in a Palestinian Territory.

The new facility, which will be located in the West Bank, is expected to take four years to complete. The US$300m plant will have a capacity of 5000t/day, which would be doubled after three years. The cement produced will help to meet demand in the West Bank and Gaza Strip. At present, PCSC imports over 80% of local cement from Israel's Nesher Cement, with the remainder imported from Egypt or Jordan.

Holtec will prepare the feasibility over the next six months. This will cover factors such as location, geological tests, raw materials, production process technology and technical and logistical requirements.