Global Cement News

Egypt: Suez Cement’s sales rose by 15% year-on-year for Euro375m in 2018 from US$326m in 2017. It reported a profit of Euro6.14m in 2018 compared to a loss of Euro57.2m in 2017, according to Mubasher.

Philippines: Eagle Cement says that it is not involved in any discussion for the acquisition of Holcim Philippines. However, it did say that its chairman Ramon S Ang had expressed interest in a potential purchase of the subsidiary of LafargeHolcim. Eagle Cement made the announcement following local media reports that Ang had formally submitted a bid to buy Holcim Philippines. In January 2019 LafargeHolcim was said to be to be considering selling its business in the country.

Kenya: ARM Cement has extended its bidding period to mid-march 2019 following requests by potential buyers. Administrator PricewaterhouseCoopers (PwC), which took over the cement producer in August 2018, originally set the deadline to the end of February 2019, according to the Business Daily newspaper. Bidders have asked for a longer period to complete due diligence tests and decide what they think the value of the company is.

14 companies have already made non-binding bids for the cement producer. These will later be shortlisted before a winning bidder is selected. No bidders have publicly been announced but Nigeria’s Dangote Cement and Oman’s Raysut Cement are believed to be interested, according to local media.

Cameroon: The electricity supply in parts of central and southern Cameroon has been disrupted whilst a substation at Nomayos near Yaoundé is connected to the main network. The disruption is necessary ahead of the commissioning of Cimencam’s Nomayos cement grinding plant, which is scheduled for the first quarter of 2019, according to Business in Cameroon. The new plant will have a production capacity of 0.5Mt/yr. It has an investment of around US$40m.

Sweden: Cementa says that it plans to stop production of cement and clinker at its Degerhamn cement plant at the end of April 2019. The subsidiary of Germany’s HeidelbergCement said that it made the decision due to low profitability at the site and tightening environmental regulations.

The unit will continue to be used as a terminal and port operations will carry on at the site. Microcement will also continue to be made at the plant. The site’s quarry permit will be withdrawn but Cementa will continue to own the land and it will be gradually be restored. Six staff members will work at the site and a new site manager, Tommy Pettersson, has been appointed.