Egypt: The Arabian Cement Company (ACC) has successfully rescheduled a US$30.9m loan from the National Bank of Egypt. The loan will now be paid in quarterly instalments to mid-2021, according to the Daily News Egypt newspaper. The borrowing was originally taken out to expand its production faculties.
Lafarge Holcim Bangladesh completes purchase of Holcim Cement Bangladesh
Bangladesh: Lafarge Holcim Bangladesh has completed its purchase of Holcim Cement Bangladesh for US$60.2m. The deal includes three cement grinding mills with a total production capacity of 2.2Mt/yr. Lafarge Holcim Bangladesh, formerly known as Lafarge Surma Cement, is a joint venture between LafargeHolcim, Cementos Molins and other local partners.
New production line starts at Attock Cement’s Hub plant
Pakistan: A new production line at Attock Cement’s Hub plant in Balochistan has started operation. The line has a cement production capacity of 1.2Mt/yr and it increases the company’s total production capacity to 3Mt/yr. The line was first announced in 2015 at a cost of US$120m. Loesche provided a cement mill for the project in 2017 under contract from the Hefei Cement Research & Design Institute.
Vicem’s sales rise by 3% to 26.6Mt in 2017
Vietnam: The Vietnam Cement Industry Corporation’s (Vicem) cement sales rose by 3% year-on-year to 26.6Mt in 2017. 23.6Mt of cement and clinker were sold locally and 3Mt were exported, a drop of 3%, according to the Viet Nam News newspaper. In 2018 the state-owned cement producer plans to produce 19.7Mt of clinker, a rise of 2%, and to sell over 28Mt of cement and clinker, a rise of 4%. The company intends to focus on ‘high-efficiency’ products to reach this target.
