Global Cement News

Malaysia: Hong Leong Group has offered to buy out the minority shareholders in Tasek. The offer values the cement producer at around US$160m, according to the Star newspaper. Hong Leong Group is controlled by Quek Leng Chan who owns an 80% stake in Tasek through Hong Leong Asia. If the minority shareholders accept the offer the the cement producer could become a private company. Tasek operates a 2.3Mt/yr integrated plant in Perak state.

Kenya: Bamburi Cement has paid a US$3m settlement to the Kenya Revenue Authority in a long-running dispute. The figure is significantly less than the US$38.5m the tax authority originally demanded in 2012, according to the Business Daily newspaper. However, the cement producer still owes US$2.8m in penalties, although it has applied to have this waived.

Belarus/Moldova/Russia/Ukraine: Tariffs on on imported building materials from Belarus, Moldova and Russia imposed by the Ukrainian government will start on 26 June 2019, according to Interfax. The interdepartmental commission for international trade has set duties of 115% for goods originating in Russia, 57% for goods from Belarus and 94% for goods from Moldova.

Germany: Pollrich has acquired the fan product range and trademark of Rußwurm Ventilatoren. The latter company registered as insolvent in late 2018.

Following the takeover, Pollrich says it has become a leading supplier of heavy-duty industrial fans and has consolidated knowledge in the field. Customers will be able to continue to buy fans and spare parts for Ruwu and Meissner+Wurst products. Former company director Hans Jörg Rußwurm will remain the lead contact for queries regarding the takeover and the product range at a new sales office at Meitingen, Bavaria.

Australia: ThyssenKrupp Industrial Solutions has opened a new service centre in Brisbane. The US$0.7m centre will be used to support customers in the mining, cement and chemical industries. It includes office, warehouse and workshop space.

“This new facility enables us to co-locate our engineering and project staff with our service personnel. For our clients in the mining, cement and chemical industries this means they benefit from an integrated project life-cycle approach, incorporating the latest products and technologies. After having worked successfully with our customers in Australia for many years, this investment was a logical consequence”, says Andrew Howie, chief executive officer (CEO) of ThyssenKrupp Industrial Solutions Australia.