China: China National Building Materials (CNBM) plans to increase its stake in Tianshan Cement to 88% from 46% as part of its restructuring drive. Tianshan Cement will acquire outright fellow CNBM subsidiaries China United Cement and Sinoma Cement. It will also acquire CNBM’s majority stakes in Southwest Cement and South Cement. The group says that it has completed the audit, evaluation and evaluation filing for the reorganisation. It follows an announcement in the summer of 2020 about the plan.
In a related transaction, Tianshan Cement said it had agreed to buy Jiangxi Wannianqing Cement’s 1.3% stake in South Cement. Reuters has reported that value of this deal as US$96.0m.
CNBM said that the restructuring is intended to, “promote the integration of high-quality resources, strengthen the company’s leading position in the cement industry and facilitate resolving industry competition among subsidiaries of the company in the cement business sector.”
Caribbean Cement grows sales in 2020 due to local market
Jamaica: Caribbean Cement’s revenue grew by 13% year-on-year to US$134m in 2020 from US$119m in 2019. Operating earnings rose by 32% to US$42m from US$28.8m. The subsidiary of Mexico-based Cemex said that he increase in revenue was related to stronger domestic demand and the company's capacity to supply the local market.
CEMENCO faces fraudulent bagging accusations in Liberia
Liberia: The FrontPageAfrica newspaper has alleged that CEMENCO (Liberia Cement Corporation) has been using imported Lion Pro cement bags from Sierra Leone displaying the grade ‘42R’ for cements with a grade of 32.5R. The newspaper reported that the Liberian government certified the cements in question 32R. No comment from the cement producer has been published. CEMENCO, a subsidiary of Germany-based HeidelbergCement operates a grinding plant in the country.
Golden Bay Cement to host Girls in Infrastructure day
New Zealand: Golden Bay Cement has announced that the second annual Girls in Infrastructure day will take place on 30 March 2021 at its cement plant. The event aims to encourage female secondary school pupils in Northland to consider a career in the infrastructure industry. The company said that attendees will see the day-day-to-day operations of the cement plant, as well as learning about other job opportunities along the supply line of infrastructure building.
Process engineering manager Kelly Stevens said, “Having the event on site at Golden Bay, the students are able to get up close to our operations, as well as talk to our staff directly.”
Eurocement to sell Akhangarancement stake
Uzbekistan: Russia-based Eurocement has begun the auction for its 84% stake in Akhangarancement. Sputnik News has reported the total value of the stake as US$40.8m. In February 2021, Sberbank announced the start of a sale for the cement producer and its subsidiaries with the announcement of a buyer planned for April 2021.
Nigeria: LafargeHolcim subsidiary Lafarge Africa plans to invest US$8m on an upgrade to the electrostatic precipitator filters at the bagging plant at its Ewekero cement plant. The Punch newspaper has reported that the upgrade requires a six-month shutdown of the unit’s kilns to make the changes. Chief executive officer Khaled El-Dokani said that the investment ‘underscores the company’s commitment’ to sustainability.
Ethiopia: Prime Minister Abiy Ahmed says that a new 7000t/day cement plant is almost ready for commissioning. New Business Ethiopia News has reported that the government hopes that the unnamed unit will be operational by June 2021. The 2.5Mt/yr Abay Cement plant at Dejen in Amhara region was previously scheduled for opening in 2021. The news comes at a time of rapid cement price rises in the country. A large black market has also arisen to serve overextended demand.
Germany: HeidelbergCement has detailed how it uses bonuses to ensure country and cement plant managers achieve their CO2 reduction targets. Chief financial officer Lorenz Näger explained to financial analysts following the publication of the group’s fourth quarter results for 2020, that a plant’s annual reduction target is calculated against the group-wide ‘525 by 2025’ target of CO2 emissions of 525kg/t of cementitious material by 2025. Plant performance against this is multiplied with a financial target to determine a manager’s bonus. This enables for the enlargement of bonuses at financially well-performing plants which exceed their emissions reduction targets. A similar mechanism is also used for country managers. Näger called the incentive mechanism a ‘step-changer.’
Japan: Taiheiyo Cement has developed Nanoritia, a lithium manganese iron phosphate salt for use as a positive electrode material for lithium-ion batteries. The company says that the product has ‘excellent’ thermal stability and does not contain cobalt or nickel, which can sometimes be harder to source. As a result of the success, it will establish a 100t/yr nanoritia plant at its Central Research Laboratory in Sakura city, Chiba prefecture.
The group said, “We will proactively and swiftly develop and commercialise the production technology of this product, and contribute to the reduction of CO2 emissions through the provision of materials for lithium-ion batteries. We will continue to strongly promote the group's management philosophy of business activities that are in harmony with not only economic development but also consideration for the environment and contribution to society, aiming to play a leading role in opening up a sustainable future for the earth.”
The cement and minerals producer has also been working on recycling large lithium-ion batteries at its integrated Tsuruga plant.
US: Charah Solutions will sell and market production fly ash from NV Energy’s North Valmy coal-fired power plant in Valmy, Nevada under a contract with the power producer. The contract runs until 2025. The company will distribute the ash through its 40-location nationwide MultiSource materials network as supplementary cementitious material (SCM) for cement and concrete production.
President and chief executive officer Scott Sewell said, “We are delighted to partner with NV Energy to manage their fly ash marketing needs at Valmy, while supplying our concrete producers with the high-quality material they need.”