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09 October 2018

Company Metal Industries fails to buy majority stake in cement plant in Mozambique

Mozambique: Singapore’s Compact Metal Industries has failed to buy a majority stake in a partially built cement plant at Salamanga, Bela Vista in Maputo Province. Compact Metal Industries was planning to pay US$30m for a 51% stake in the plant in a deal with SPI and Guhavam, according to the Business Times of Singapore newspaper. The arrangement would have also seen Compact Metal Industries settle the project’s debts to suppliers and contractors to a value of US$55m.

Published in Global Cement News
Tagged under
  • Mozambique
  • Company Metal Industries
  • Acquisition
  • Deal
  • Philippines
  • SPI
  • Guhava
  • GCW374
08 October 2018

Star Cement imports fly ash via Bangladesh

India: Star Cement has imported over 1200t of fly ash from NTPC Kahalgaon in Bihar. The ash was transported by the Inland Waterways Authority of India (IWAI) via Bangladesh to Pandu Port in Assam, according to the Financial Express newspaper. The water route was chosen due to a lack of railway links in India's north-eastern states.

Published in Global Cement News
Tagged under
  • India
  • Star Cement
  • Fly Ash
  • Bangladesh
  • NTPC
  • Bihar
  • Assam
  • Inland Waterways Authority of India
  • GCW374
08 October 2018

Supreme Court to hear pleas by cement producers as fine repayment schedule continues

India: The Supreme Court has agreed to examine a plea by cement producers about a charge of cartel-like behaviour made by real estate developers and upheld by the Competition Commission of India (CCI). However, the court has insisted that the payment schedule of the fine imposed will have to be upheld while the appeal proceeds, according to the Economic Times newspaper. The accused cement producers have been ordered to deposit 10% of the fine.

10 cement companies – including India Cements, Ramco Cements, Nuvoco Vistas Corporation, Ambuja Cement, ACC, Jaiprakash Associates, Century Textiles and Industries and UltraTech Cement – were accused by the Builders' Association of India and the CCI in 2010 of cartel-like behaviour. They were then fined US$905m or 0.5% of their net turnover. The producers first tried to appeal with the National Company Law Appellate Tribunal (NCLAT) but the tribunal dismissed their plea against the CCI finding in late July 2018.

Published in Global Cement News
Tagged under
  • Legal
  • Fine
  • Cartel
  • Competition Commission of India
  • India
  • India Cements
  • Ramco Cement
  • Nuvoco Vistas
  • Ambuja
  • Century Textiles and Industries
  • UltraTech Cement
  • Builders Association of India
  • National Company Law Appellate Tribunal
  • appeal
  • GCW374
08 October 2018

Ecebol Oruro cement plant preparing to open in February 2019

Bolivia: Victor Hugo, the governor of Oruro, says that Empresa Publica Productiva Cementos de Bolivia’s (ECEBOL) is preparing to open its new 1.5Mt/yr cement plant at Caracollo in February 2019. Hugo told the La Patria newspaper that the unit was 98% complete. Over US$300m has been spent on the project.

Published in Global Cement News
Tagged under
  • Bolivia
  • Empresa Publica Productiva Cementos de Bolivia
  • Plant
  • GCW374
08 October 2018

Global Cement and Concrete Association membership grows to 20 companies

UK: Cement companies from Asia and North America are the latest to join the Global Cement and Concrete Association (GCCA), bringing the total number of member companies to 20. News members include Mexico’s Grupo Cementos de Chihuahua (GCC), Israel’s Nesher Israel Cement, India’s Shree Cement and Taiwan’s Taiwan Cement Corporation. The number of GCCA affiliates is also growing with the addition of the Cámara Nacional del Cemento in Mexico the Federación Interamericana del Cemento (FICEM) in Colombia and the Union of Cement Producers – Soyuzcement in Russia.

GCCA members now include: Buzzi Unicem, Cementos Argos, Cementos Pacasmayo, Cemex, Çimsa Çimento, CNBM, CRH, Dangote Cement, Eurocement, GCC, HeidelbergCement, LafargeHolcim, Nesher Israel Cement, SCG Cement, Shree Cement Ltd, Taiheiyo Cement, Taiwan Cement Corporation, Titan Cement, UltraTech Cement and Votorantim.

The association added that further applications for membership and affiliate status have been received and are being processed.

Published in Global Cement News
Tagged under
  • UK
  • Global Cement and Concrete Association
  • member
  • Grupo Cementos de Chihuahua
  • Nesher
  • Shree Cement
  • Taiwan Cement Corporation
  • Cámara Nacional del Cemento
  • FICEM
  • Soyuzcement
  • GCW374
08 October 2018

Lafarge Zimbabwe sues transport firm

Zimbabwe: Lafarge Zimbabwe is suing Gramiso Investments for an outstanding debt of over US$200,000. The cement producer and transport company entered into a prepayment agreement in which the cement manufacturing giant advanced US$500,000 to Gramiso Investments, according to the Herald newspaper. However, Gramiso Investments allegedly only paid back just over half of this amount. Lafarge Zimbabwe has taken the lawsuit to the High Court.

Published in Global Cement News
Tagged under
  • Zimbabwe
  • Lafarge Zimbabwe
  • LafargeHolcim
  • Legal
  • Gramiso Investments
  • GCW374
05 October 2018

Vicat buys majority stake in Ciplan

Brazil: France’s Vicat Group has acquired a majority share in Cimento Planalto (Ciplan). It has signed a binding agreement to buy a 65% share for Euro290m through a reserved capital increase. Ciplan will use the proceeds of the share to settle the ‘vast majority’ of its existing debt. Vicat noted that the transaction will be debt funded and its closing is subject to the fulfilment of ‘certain’ conditions.

Ciplan operates a 3.2Mt/yr integrated plant at Sobradinho in Bahia near to Brasilia. It also runs nine ready-mixed concrete plants and five aggregates quarries.

Vicat says that this acquisition is intended to support its targeted external growth and geographical diversification strategy. In order to ‘capture’ the Brazilian market the company plans to leverage an industrial asset base, strong brand awareness, abundant quarry reserves and a competitive position in its local markets.

Published in Global Cement News
Tagged under
  • Brazil
  • VICAT
  • Ciplan
  • Acquisition
  • GCW374
05 October 2018

Cementos Bío Bío starts unloading clinker at Port of Ariqueño to support Arica grinding plant

Chile: Cementos Bío Bío has started importing clinker at the Port of Ariqueño to support the start-up of its new grinding plant at Arica. The company unloaded 8000t of clinker, according to Arica al día. The 0.15Mt/yr grinding unit was previously scheduled to start production in September 2018.

Published in Global Cement News
Tagged under
  • Chile
  • Cementos Bio Bio
  • grinding plant
  • Port
  • Clinker
  • GCW374
05 October 2018

East African Portland Cement managing director questioned by parliament

Kenya: Simon Ole Nkeri, the managing director of East African Portland Cement (EAPC), has been questioned by the National Assembly Trade, Industry and Cooperative committee of the Parliament of Kenya. He told the committee that the company has considered the almost US$14m it owes it workers but he was unable to provide a payment schedule, according to the Business Daily newspaper. In August 2018 the Labour Court allowed the Kenya Chemical and Allied Workers Union to recover the money owed to over 400 workers. In late September 2018 the Court of Appeal gave the EAPC 30 days to make a deposit of the owed funds. However, the cement producer resorted to legal means to delay paying the deposit, as it would ‘cripple’ its business operations.

Published in Global Cement News
Tagged under
  • Kenya
  • East African Portland Cement Company
  • Government
  • Debts
  • Legal
  • Union
  • Kenya Chemical and Allied Workers Union
  • GCW374
05 October 2018

CIMAF Gabon’s turnover grows by 37% to US$22.8m in first half of 2018

Gabon: Ciments de l’Afrique (CIMAF) Gabon’s sales have grown due to a ‘strong’ demand for cement following a ban of imports since July 2017. Its turnover grew by 37% year-on-year to US$22.8m in first half of 2018 from US$16.7m in the same period in 2017, according to Direct Infos Gabon. Its sales of cement rose by 42% to 0.18Mt from 0.13Mt. Its production also rose by 38% to 0.18Mt from 0.13Mt. Previously, the cement producer said it was planning to start a new production line at its Cimgabon integrated plant by November 2018.

Published in Global Cement News
Tagged under
  • Gabon
  • CIMAF
  • Ciment de l'Afrique
  • Results
  • Import
  • Ban
  • demand
  • GCW374
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