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French Syria investigation seizes Euro4m from former Lafarge executives

16 October 2018

France/Syria: A judicial investigation has seized Euro4m from former Lafarge executives, including former chief executive officer (CEO) Bruno Lafont, as part of a probe into the company’s conduct in Syria. Sources quoted by the Agence France Presse said that Euro2.5m was confiscated from Lafont’s leaving package of Euro8.4m as Lafarge merged with Holcim to form LafargeHolcim. Funds were also taken from Bruno Pescheux and Frédéric Jolibois, the former directors of Lafarge Cement Syria, and from Christian Herrault, a dormer deputy general regional manager with overview of Syria.

Lafarge SA, a subsidiary of LafargeHolcim, has been placed under judicial investigation over its actions in Syria between 2011 and 2014. It has been accused of complicity in crimes against humanity and financing terrorism. A panel of three judges in Paris has ordered Lafarge to pay over Euro30m as a security deposit ahead of the trial. Eight former executives, including Lafont, have been charged in connection to the investigation.

Published in Global Cement News
Tagged under
  • France
  • Syria
  • Legal
  • Investigation
  • LafargeHolcim
  • GCW375

Cementa considering stopping cement production at Degerhamn plant

16 October 2018

Sweden: Cementa says it is considering decommissioning clinker and cement production at its 0.3Mt/yr Degerhamn plant due to increased environmental regulations. Production will be shifted to other local plants at Slite on Gotland and Brevik in Norway, and the site retained as a port terminal.

The subsidiary of Germany’s HeidelbergCement said that although the unit had made several investments over the years to reduce its environmental impact its production equipment was difficult to adapt to future requirements for lower CO2 emissions. Concentrating production to the other plants would mean a reduction in CO2 emissions of 260,000t/yr.

75 employees work at the plant at Degerhamn. Union negotiations will start immediately and upon their conclusion the cement producer will make a final decision about the future of the plant. If decommissioning goes ahead then clinker and cement production will cease in 2019.

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

Dangote Cement starts building 2.5Mt/yr plant in Niger

16 October 2018

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

CCNN receives clearance for merger with Kalambaina Cement

16 October 2018

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

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

16 October 2018

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
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