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16 October 2018

Dangote Cement starts building 2.5Mt/yr plant in Niger

Niger: Nigeria’s Dangote Cement has started building a 2.5Mt/yr cement plant at Keita, near Tahoua. The project has a cost of US$275m, according to the Agence France Presse and local media. Construction is expected to last until the end of 2020. The unit will also include a 100MW captive coal-fired power plant.

The new plant is expected to reduce the price of cement locally, as the country mostly imports cement from Nigeria and Benin. Nouvelle Cimenterie de Niger (NCN) has been intermittently building an integrated plant at Malbaza since 2011.

Published in Global Cement News
Tagged under
  • Niger
  • Dangote Cement
  • Plant
  • GCW375
16 October 2018

CCNN receives clearance for merger with Kalambaina Cement

Nigeria: The Cement Company of Northern Nigeria (CCNN) says it has received clearance by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) for its proposed merger with Kalambaina Cement. Following the merger all of the assets, liabilities, licences and undertakings will be taken over by the CCNN, according to the Punch newspaper. The completion of the proposed merger is subject to the approval of the shareholders of the CCNN and Kalambaina Cement and the final regulatory approvals from SEC, the NSE, Federal Inland Revenue Service and the Federal High Court.

Published in Global Cement News
Tagged under
  • Nigeria
  • Cement Company of Northern Nigeria
  • Kalambaina Cement
  • Merger
  • Nigerian Stock Exchange
  • Securities and Exchange Commission of Nigeria
  • Federal Inland Revenue Service
  • Legal
  • GCW375
16 October 2018

Government irregularities reported into setting up of plants by DG Khan and Bestway Cement in Chakwal

Pakistan: A report issued by the Punjab Anti-Corruption Establishment Lahore (ACE) to the Supreme Court has found irregularities committed by government departments in connection to the setting up of cement plants by DG Khan and Bestway Cement in Chakwal. The investigation followed a probe by the Supreme Court into water usage by cement companies near the Katas Raj Temples, according to the Dawn newspaper. The allegations include a delay by the district government of Chakwal, industries, environment, mine and mineral departments into declaring so-called ‘negative’ areas that would have otherwise prevented the plants being built between 2003 and 2008. Other findings of the report include irregularities into how both companies acquired land and a disregard for environmental protocol.

Published in Global Cement News
Tagged under
  • Pakistan
  • Legal
  • Government
  • Investigation
  • DG Khan
  • Bestway Cement
  • Plant
  • Punjab
  • Corruption
  • GCW375
16 October 2018

OCL India and Dalmia Bharat merger moves ahead

India: The proposed merger between OCL India and Dalmia Cement East has been approved by the board of directors of OCL India. Following the amalgamation the company will be known as OCL India.

Published in Global Cement News
Tagged under
  • India
  • OCL India
  • Merger
  • Dalmia Bharat
16 October 2018

CIFA celebrates 90th anniversary

Italy: CIFA has celebrated its 90th anniversary with an update to the company museum, the launch of a special edition vehicle-mounted pump and a series of special events. The museum, based at the company headquarters in Senago, has introduced news areas dedicated to hybrid technology and carbon fibres. The special edition pump products are available for the K42L, K45H and the new K47H models and include special anniversary colours, celebratory plaques and a 90th anniversary logo. The company was specialises in concrete pumps was originally founded on 7 July 1928 by Carlo Ausenda.

Published in Global Cement News
Tagged under
  • Italy
  • CIFA
  • Anniversary
  • Product
  • museum
  • pump
  • concrete
  • GCW375
15 October 2018

Growth in Indian cement industry fuels price speculation

India: Shailendra Chouksey, president of the Cement Manufacturers Association (CMA), has warned that cement prices could rise by up to 10% due to growing fuel and transportation costs. The local industry grew by 14% in the first half of the 2018 – 2019 year, according to the Press Trust of India.

"There is a very dire need to correct the pricing. In the last year we have seen 60-70% rise in the cost of fuel. To recover at least some portion of this increase, we need to increase the prices of cement," said Chouksey. He added that cement prices had been ‘almost stagnant’ since around 2011. However, he conceded that the industry still has surplus capacity.

Published in Global Cement News
Tagged under
  • India
  • Cement Manufacturers Association of India
  • Price
  • Fuel
  • Transport
  • GCW375
15 October 2018

Emami Cement starts initial public offering for US$135m

India: Emami Cement has started the process to file an initial public offering (IPO) for US$135m. It plans to issue equity shares worth US$37.5m and offer another US$37.5bn to existing shareholders, according to the Business Standard newspaper. Proceeds from offering will be used for debt repayment and general corporate purposes. The cement producer has a production capacity of 5.6Mt/yr from three plants in eastern India. It is also planning to open a new 3.7Mt/yr plant in April 2019.

Published in Global Cement News
Tagged under
  • India
  • Emami Cement
  • IPO
  • Shares
15 October 2018

Maple Leaf Cement line at Iskanderabad on track to open in mid-2019

Pakistan: Maple Leaf Cement’s new 7300t/day clinker production line at its Iskanderabad cement plant is expected to start in the second quarter of 2019. The project has a cost of just below US$200m, funded through bank loans, a right issue and internal revenue. Denmark’s FLSmdith is supplying the equipment and Descon Engineering holds the contract for civil construction and mechanical erection work. 70% of civil work and 30% of plant erection was reported completed by the end of September 2018.

Published in Global Cement News
Tagged under
  • Pakistan
  • Maple Leaf
  • Plant
  • Upgrade
  • FLSmidth
  • Descon Engineering
  • GCW375
15 October 2018

Regional limestone ban hits Nepalese cement producers

Nepal: A limestone ban in the Katari municipality has hit Saurya Cement and Cosmos Cement. The local government has banned cement producers from extracting and transporting limestone on tax grounds, according to the Himalayan Times newspaper. However, Saurya Cement said that the authorities had stopped the transportation of limestone without consultation. Krishnaraj Dulal, the director Cosmos Cement, added that the company was not required to pay tax locally as it was paying the Department of Mines at the national level.

Published in Global Cement News
Tagged under
  • Nepal
  • Government
  • Limestone
  • Tax
  • Saurya Cement
  • Cosmos Cement
  • Department of Mines
  • GCW375
15 October 2018

Cementa to electrify Slite plant by 2030

Sweden: Cementa plans to electrify its cement plant at Slite in Gotland as part of its Cemzero project. The subsidiary of Germany’s HeidelbergCement plans to make its plant CO2 neutral by 2030, according to Helagotland. However, the plan is limited by a lack of technology to fully electrify large-scale manufacturing at the site. The company also holds concerns about where it would source larger quantities of electricity.

Published in Global Cement News
Tagged under
  • Sweden
  • Cementa
  • HeidelbergCement
  • Electricity
  • Plant
  • Upgrade
  • GCW375
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