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Magnesita grows industrial refractory sales in 2016 17 March 2017
Brazil: Magnesita’s revenue from its Industrial Refractory Solutions division rose by 3.3% year-on-year to US$144m in 2016 from US$140m in 2015. Its sales volumes grew by 10.2% to 147,000t from 133,000t. It attributed the gains to good performance in the Middle East, Africa and the Commonwealth of Independent States (CIS) region despite a declining cement industry in Brazil. Despite its success in its Industrial Refractory Solutions division the group reported falling overall refractory volumes and revenue in 2016 caused by decreases in steel production in South America and Europe. The company remains committed to merge with RHI by the end of 2017.
India: Calderys India and Magnesita have entered into a strategic alliance to work together in India and to increase their product portfolios for the cement industry. Calderys India will be the lead contact for the sales, marketing and after sales for Magnesita in the region as well as continuing to sell its own refractory product line. Alongside this Magnesita will supply technical support to Calderys India to support the shared market.
Fijian fish exporter sues cement producers 17 March 2017
Fiji: The Fiji Fish Marketing Group, a fish exporter, is taking legal action against two cement producers for transporting and offloading clinker. Pacific Cement and Tengy Cement Fiji with RPA Group Fiji, a transport company, have been accused of causing damage to the Fiji Fish Marketing Group’s property and its personnel, according to the Fiji times newspaper. Tengy Cement Fiji operates a cement plant in Lami near to the island capital Suva.
Tabuk Cement acquires export license 17 March 2017
Saudi Arabia: Tabuk Cement says it has obtained an export license from the Ministry of Commerce and Investment. The licence will be valid for one year, according to Mubasher. Sales volumes of cement fell by 25% year-on-year to 4Mt in February 2017.
Zimbabwe: President Robert Mugabe has opened PPC’s US$85m cement grinding plant at Msasa in Harare. China’s Sinoma built the 0.7Mt/yr unit that includes a palletiser and cover-wrapping machine, according to the Xinhua News Agency. The plant, PPC’s third production site in the country, was commissioned in late 2016.