Penna Cements starts operations at Cochin Port terminal
India: Penna Cements has started operating its terminal and bagging plant at Cochin Port in Kochi, Kerala. The first vessel to visit the unit, Penna Suraksha, delivered a consignment of 25,000t from Krishnapatnam Port, according to the Hindu newspaper. The terminal had an investment of US$8m.
The new terminal has a cement capacity of 0.3Mt/yr. It is intended to serve the local market in Kerala. It joins terminals run by Zuari Cement, Ambuja Cement and UltraTech Cement that also operate at the port.
The Penna Suraksha is reportedly the largest self-discharging vessel in Asia. As well as carrying a load of 25,000t of cement it can discharge up to 1000t/hr of cement. It uses a ship unloader supplied by Germany’s IBAU Hamburg.
Worker dies at UltraTech Cement’s Reddipalayam plant
India: A welder has died at UltraTech Cement’s Reddipalayam plant in Tamil Nadu. The contract worker died following a fall from a height of 8m, according to the New Indian Express newspaper. Relatives and local residents staged a protest following the incident.
Cement carrier runs aground in Iceland
Iceland: Cement carrier Fjordvik has run aground near the port of Helguvík harbour in Keflavík. It ran aground whilst being piloting into the harbour, according to state broadcaster RÚV. The hull of the vessel has been breached. The crew were evacuated by helicopter. The ship was travelling from Aalborg in Denmark.
RHI Magnesita cement and lime market held back by China
UK: RHI Magnesita’s cement and lime business has been held back by reduced production in China. It also said that its on-going focus on pricing and quality, ‘against more commoditised competitors,’ had reduced its division’s performance in the third quarter of 2018. Overall the refractory products producer said that its had seen ‘good’ trading performance in the third quarter of 2018 following positive trends seen in the first half of the year.
China Resources Cement to divest of three units in Shanxi
China: China Resources Cement plans to divest three companies it owns in Shanxi province. It intends to dispose of its majority stake and shareholder loans in Shanxi China Resources Fulong Cement, China Resources Cement (Changzhi) and China Resources Concrete (Lucheng). The subsidiaries will be sold in a public tender conducted through the Shanghai United Assets and Equity Exchange.
Shanxi China Resources Fulong Cement is based in Lvliang City and it operates a 4Mt/yr plant with two integrated production lines and four grinding lines. China Resources Cement (Changzhi) is based in Changzhi City and it operates a 2Mt/yr plant with one integrated line and two grinding lines. China Resources Concrete (Lucheng) operates a concrete batching plant.
Penna Cement prepares for US$211m initial public offering
India: Penna Cement has filed for a US$211m initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). It plans to use the funds for expansion and to reduce its debts, according to the Economic Times newspaper. the cement producer is planning to increase its production capacity to 16.5Mt/yr by 2020 with projects in Odisha and Kolkata. At present it holds a capacity of 10Mt/yr in Andhra Pradesh, Telangana and Maharashtra.
Kyrgyz president opens cement plant in Aravan
Kyrgyzstan: President Sooronbai Jeenbekov has opened a cement plant in Aravan as part of a trip to the Osh region, according to the 24 Kg News Agency. The US$88m project was previously reported as having a cement production capacity of 2500t/day.
Uzbekstian sells 80% of cement sales through commodity exchange
Written by Global Cement staffUzbekistan: 80% of local cement sales were made through the Uzbek Commodity Exchange in the first nine months of 2018. Local sales fell by 4.7% year-on-year to 5.6Mt from 5.9Mt, according to the Trend News Agency. 4.5Mt of this total was sold through the commodity exchange. Falling sales have been blamed on rising natural gas and electricity prices. Tariffs for gas and electricity have increased by at least 60% during 2018 for industrial users in the construction industry, including cement producers.
Jordan Cement Company in legal dispute over land
Jordan: Jordan Cement Company is in a legal dispute with local landowners over land ‘illegally’ acquired near its Fuheis plant. The plaintiffs argue that forgery was used by the company in acquiring land, according to Roya TV. The subsidiary of Switzerland’s LafargeHolcim operates two integrated plants, at Fuheis and Rashadiyah.
Construction works starts on Angren cement plant in Uzbekistan
Uzbekistan: An event marking the laying of the foundation stone at the Angren cement plant has taken place. Construction work is scheduled to be completed by November 2019. The project is a joint venture between Russia’s Eurocement Group and UzQurilishMateriallari.