Nepal: Udayapur Cement has started work on an upgrade to its 0.3Mt/yr integrated plant aimed at bringing its capacity to 0.4Mt/yr with an investment of US$92,000 from the Ministry of Industry, Commerce and Supplies. Republica has reported that the company’s Sindhali mine has resources to supply 200 years’ production. “The company is self-sufficient in all raw materials except coal,” said Nawal Kishor Shah, Udayapur Cement general manager.
Cementos Molins obtains loans
Spain: Cementos Molins has obtained loans from CaixaBank, Sabadell, BBVA, Santander and HSBC to a total value of Euro180m. EuropaPress has reported that the funds, consisting of a loan of Euro40m and a Euro140m revolving credit facility, of which Euro50m will be immediately available, will be used to clear the company’s debt and for future projects. The interest will be Euribor plus 0.9%.
CCNN and Obu Cement merger moves to final approval stage
Nigeria: 157 of Cement Company of Northern Nigeria (CCNN)’s 170 accredited shareholders have voted in favour of the company’s planned merger with Obu Cement. The Nation newspaper has reported that the company will submit the result to the Securities and Exchange Commission, which will duly ratify it with the federal High Court, formalising the merger in law.
Lehigh Cement and Lehigh White Cement to invest US$12m in pollution control technology
US: Lehigh Cement and Lehigh White Cement have agreed to an investment of US$12m for the installation of pollution control technology across their 11 active cement plants. US Fed News has reported that the upgrades can be expected to reduce net emissions of nitrous oxised (NOx) by 4550t/yr and sulphur dioxide (SO2) by 989t/yr. Lehigh Cement will additionally pay a US$1.3m civil penalty for past Clean Air Act violations.
