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15 October 2018

Cement salvaged from grounded ship in Philippines

Philippines: Around 4500 bags of cement have been salvaged from the MV Star Liberty that ran aground in early September 2018. The ship ran aground at the San Jose de Buenavista Port due to the strong waves caused by the southwest monsoon, according to the Philippines News Agency. The ship was carrying a consignment of 20,000 bags at the time. The salvaged cement has been stored at a dump in Barangay Pantao. The salvage team are hoping to complete the removal of the cement from the ship by the end of October 2018 and then the ship may be transported back to Cebu for repairs.

Published in Global Cement News
Tagged under
  • Philippines
  • salvage
  • Shipping
  • weather
  • GCW375
12 October 2018

UNACEM buys Cementos Portland for US$28m

Peru: UNACEM has purchased Cementos Portland (Cempor) for US$28m. It acquired a full stake in the company from Chile's Cementos Bío Bío and Brazil’s Votorantim Cimentos, according to Semana Económica magazine. Cementos Bío Bío and Votorantim originally planned to build a US$150m cement plant in Lima. However, this was delayed by a legal battle over environmental issues initiated by Unacem. The Peruvian cement producer operates an integrated plant in Lima.

Published in Global Cement News
Tagged under
  • Peru
  • UNACEM
  • Acquisition
  • Cempor
  • Cementos Bio Bio
  • Votorantim Cimentos
  • GCW375
12 October 2018

Pioneer Cement blames poor profits on competition and raw material costs

Pakistan: Aly Khan, the chairman of Pioneer Cement, has blamed falling profits on competition on prices and rising costs of raw materials. The company’s profit after taxation nearly halved year-on-year to US$16.9m in the year that ended on 30 June 2018 to US$31.1m in the same period in 2017. Its sales revenue fell slightly to US$111m due to a steep decline in clinker sales. Despite this, cement sales volumes grew by 9% to 1.5Mt from 1.4Mt.

Published in Global Cement News
Tagged under
  • Pakistan
  • Pioneer Cement
  • Results
  • GCW375
12 October 2018

Steel Authority of India cement plant project in Sundargarh stalled

India: A joint-venture project involving the Steel Authority of India (SAIL) to build a new cement plant at Sundargarh in Odisha has stalled. Following support by local politicians for the plans in February 2017 no further action has been taken, according to the New Indian Express newspaper. SAIL originally made plans in 2006 to use blast furnace slag from the Rourkela Steel Plant and fly ash of NTPC-SAIL Power Company for the unit. It also intended pick up the lease for a limestone mine at Purunapani. However, it later ran into troubles securing state agreement to use the mine.

Published in Global Cement News
Tagged under
  • India
  • Steel Authority of India
  • Plant
  • Odisha
  • mine
  • Slag
  • Fly Ash
  • GCW375
12 October 2018

Al Khair National suspends talks to sell 38% stake in Gulf Cement

UAE: Al Khair National has suspended talks to sell a 38% stake in Gulf Cement to Liberty House Group. Negotiations originally started in December 2017.

Published in Global Cement News
Tagged under
  • UAE
  • Gulf Cement Company
  • Al Khair National
  • Liberty House Group
  • neogotiation
  • GCW375
12 October 2018

Cement market in Mauritius grows by 10% so far in 2018

Mauritius: Dominique Billon, the general manager of Kolos, says that the local cement market has grown by 10% so far in 2018. He added that his company holds a 44% market share, according to Le Défi Plus newspaper. Local demand has risen due to infrastructure projects including the Metro Express and the Côte d'Or Smart City. Kolos operates a 60,000t cement terminal in the country. Its cement products include Kolos Plus and Kolos Classic.

Published in Global Cement News
Tagged under
  • Mauritius
  • market
  • Terminal
  • Kolos
  • Product
  • GCW375
11 October 2018

Cementos Bío Bío sells Cementos Portland

Peru: Chile’s Cementos Bío Bío’s has sold its 50% share in Cementos Portland (Cempor) for US$14m. The cement producer originally purchased a stake in the company in 2010, according to the La Tercera newspaper. The Chilean company had previously intended to build a cement plant in Lima in a joint venture with Brazil’s Votorantim but this was delayed by legal opposition from Unacem.

Published in Global Cement News
Tagged under
  • Peru
  • Cementos Bio Bio
  • Sale
  • Cempor
  • Votorantim Cimentos
  • Chile
11 October 2018

Tamil Nadu Cements to open new line in early 2019

India: Tamil Nadu Cements Corporation plans to start commercial operation of a new 1Mt/yr production line at its Ariyalur plant in Tamil Nadu in early 2019. Construction work on the US$100m project was originally started in May 2016 and it is due to be completed in October 2018, according to the Hindu newspaper. Testing and trial runs will then start in November 2018. Following the upgrade, the state-owned plant will have a total production capacity of 1.5Mt/yr.

Published in Global Cement News
Tagged under
  • India
  • Tamil Nadu Cement
  • Plant
  • Upgrade
  • Tamil Nadu
  • GCW375
11 October 2018

Kesoram Industries to buy limestone reserves

India: Kesoram Industries has received approval from the state government of Karnataka to buy 675 acres of land for mining limestone reserves. The subsidiary of BK Birla Group plans to use the acquisition to increase its existing limestone reserves, according to the Hindu newspaper. The amount the cement producer will pay for the land is still being negotiated and will be paid over a two-year period.

Published in Global Cement News
Tagged under
  • India
  • Kesoram Industries
  • Limestone
  • Government
  • Karnataka
  • Acquisition
  • GCW375
11 October 2018

Jianghua Conch starts solar plant project

China: Jianghua Conch has launched a 5.9MW solar plant project. Its subsidiary, Jianghua Conch New Energy, will build the unit. No date for the completion of the project has been disclosed. Jianghua Conch is a subsidiary of Anhui Conch based in Hunan province.

Published in Global Cement News
Tagged under
  • China
  • Jianghua Conch
  • Solar power
  • Jianghua Conch New Energy
  • Anhui Conch
  • Hunan
  • GCW375
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