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27 February 2018

ACC and Ambuja Cements put merger plans on hold

India: ACC and Ambuja Cements, the two Indian subsidiaries of LafargeHolcim, have put their merger plans on hold. ACC said that its board was of the opinion that there were ‘certain constraints’ blocking its merger plans, according to the Press Trust of India. However, it added that a merger was its ‘ultimate’ objective. Ambuja Cements made a similar statement. Both companies joined Holcim in 2005, before becoming part of LafargeHolcim in 2015.

Published in Global Cement News
Tagged under
  • India
  • LafargeHolcim
  • Lafarge
  • Ambuja
  • ACC
  • Merger
  • GCW342
26 February 2018

Lucky Cement takes legal action to prevent Pezu plant being shut on tax charges

Pakistan: Lucky Cement has obtained restraining orders from the Peshawar High Court to prevent its Pezu plant being closed by the Excise and Taxation Department for not paying a US$135,000 property tax bill. A team from the Excise and Taxation Department attempted to close the site on 23 February 2018, according to the News International newspaper. The cement producer says that the plant continues to produce cement and despatch its products. The tax office has launched a drive to target tax defaulters in the region. It alleges that it has been chasing Lucky Cement’s tax bill for the past six years.

Published in Global Cement News
Tagged under
  • Pakistan
  • Lucky Cement
  • Peshawar High Court
  • Tax
  • GCW342
26 February 2018

Birla Corporation to launch Perfect product across India

India: Birla Corporation plans to launch its Perfect cement product across most of the country, except in the south. The brand was purchased by the cement producer in August 2016 when it acquired Reliance Cement, according to the Business Standard newspaper. The product launch is Birla’s first national rollout. Perfect brand cement is produced at the former Reliance Maihar plant in Madhya Pradesh. The cement producer is also planning to introduce a new variant of its Unique brand of premium cement, which will be sold in the northern region. This brand of slag cement is limited to its eastern market and is currently manufactured from the Durgapur plant in West Bengal.

Published in Global Cement News
Tagged under
  • Birla
  • Perfect Cement
  • India
26 February 2018

Fronius Solar Energy installs inverter for solar plant at Shahrekord Cement plant

Iran: Austria’s Fronius Solar Energy has installed an inverter for the 1.5MW photovoltaic solar plant at Shahrekord Cement Company’s plant. The engineering firm supplied its Fronius Symo 76 product for the site situated at 2300m above sea level that experiences a wide variation in ambient temperature between -10°C and 50°C. Using this system, the cement producer has achieved a total yield of 2953MWhr/yr, which it feeds back to the grid. The operator is also able to monitor the system using the Fronius Solar web analysis tool and it is using the provider’s Service Partner programme for ongoing support.

Published in Global Cement News
Tagged under
  • Iran
  • Fronts Solar Energy
  • Shahrekord Cement
  • Solar power
  • GCW342
26 February 2018

Qatar National Cement to open fifth plant in first half of 2017

Qatar: Qatar National Cement Company (QNCC) plans to open its fifth cement plant in the first half of 2018. The move will increase its cement production capacity of 5500t/day, according to the Qatar Tribune newspaper. However, its sales of cement fell slightly to 3.4Mt in 2017 from 3.7Mt in 2016.

The cement producer’s sales revenue fell by 9.6% year-on-year to US$283m in 2017 from US$313m in 2016. Its net profit decreased by 31% to US$90m from US$130m. The company blamed the falling profit on a poor local economy causing poor demand and a reduced selling price since April 2017.

Published in Global Cement News
Tagged under
  • Qatar National Cement Company
  • Qatar
  • Results
  • Project
  • GCW342
26 February 2018

Cementos Argos helps test train line between Bogota and Belencito

Colombia: Cementos Argos and Ibines Ferreo have been helping the National Agency for Infrastructure run freight train tests on the 257km railway line between Bogota and Belencito. To show that the refurbished line can handle different loads, a train travelled from Cementos Argos' Sogamoso plant in the department of Boyaca to Bogota, according to the Portafolio newspaper. It carried 204t of cement at an estimated speed of 20km/hr.

ANI has invested US$73.3m in the refurbishment of rail infrastructure between Bogota and the Boyaca department. Sections of track repaired by ANI between Bogota and Boyaca include La Caro-Zipaquira, Bogota-Facatativa and Bogota-Belencito. The line stopped operating due to damage caused by winter storms in 2010 and 2011.

Published in Global Cement News
Tagged under
  • Cementos Argos
  • Ibines Ferreo
  • Colombia
  • Rail
26 February 2018

Ashaka Cement to complete captive power plant in early 2019

Nigeria: Ashaka Cement plans to complete its 16MW captive power plant in early 2019. The subsidiary of Lafarge Africa and LafargeHolcim started the US$30.5m project in 2017, according to the Nigerian Guardian newspaper. Once operational the power plant will supply additional electricity to the national grid as well as supplying the neighbouring cement plant.

Published in Global Cement News
Tagged under
  • Ashaka Cement
  • Nigeria
  • Lafarge Africa
  • LafargeHolcim
  • Power Plant
  • GCW342
26 February 2018

East AfricanPortland Cement gains ISO certification

Kenya: East Africa Portland Cement has gained re-certification for ISO 14001 on environmental management system, and OHSAS 18001 for occupational health and safety. Company official Simon Peter ole Nkeri said that the achievement was part of the company’s around strategy, according to the Business Daily newspaper. He added that the adoption of an environmental quality management system was a strategic decision to improve the company’s performance.

Published in Global Cement News
Tagged under
  • Kenya
  • East Africa Portland Cement
  • East African Portland Cement Company
  • ISO
23 February 2018

Leading PPC shareholder demands resignation of chairman Peter Nelson

South Africa: Prudential Investment Managers, one of the largest shareholders of PPC, has demanded the resignation of the chairman Peter Nelson. The shareholder sent a formal request to the cement producer because it wants the company to improve its operations, according to sources quoted by Bloomberg. In response PPC issued a statement admitting that it was talking to major shareholders over board positions. However, it defended the record of Nelson, saying that he had, “successfully led the company through a period of significant headwinds.”

PPC added that it has received nominations for Jabu Moleketi as successor to the chairman, and Anthony Ball and Noluvuyo Mkhondo to non-executive directorships.

Nelson was appointed as chairman of PPC in October 2016, shortly before it revived merger talks with AfriSam. Later in 2017 Canada’s Fairfax Financial Holdings made a bid for PPC on condition that it merge with AfriSam. Negotiations with LafargeHolcim, CRH and Dangote Cement but these were all abandoned.

Published in Global Cement News
Tagged under
  • South Africa
  • PPC
  • shareholders
  • board
  • GCW342
23 February 2018

China CAMC Engineering chasing finance for Eurocement plant project

Russia: China CAMC Engineering is seeking international finance for an upgrade to the Zhiguli cement plant. The US$70m project was part of a wider US$175m contract with Eurocement signed in mid-2014 to upgrade three plants, according to Inside International Industrials. The building phase of the project is planned to last 36 months. The other plants in the project are the Pikalevo cement plant and the Savinski cement plant. China CAMC Engineering a subsidiary of China National Machinery Industry Corporation (Sinomach).

Published in Global Cement News
Tagged under
  • Russia
  • China CAMC Engineering
  • Plant
  • Upgrade
  • Eurocement
  • Finance
  • Sinomach
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