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Cemex sells minority stake in Grupo Cementos de Chihuahua 13 February 2017
Mexico: Cemex is selling a 15.6% stake in Grupo Cementos de Chihuahua (GCC). If all 51,750,000 shares of GCC are sold the cement producer will raise around US$240m in revenue before expenses. Following the sale Cemex will retain a 7.4% direct interest in GCC.
Long Son to open second production line in August 2017 13 February 2017
Vietnam: Long Son plans to open its second production line at its Long Son cement plant in Thanh Hoa in late August 2017. The new line will more than double the plant’s production capacity to 5Mt/yr, according to the Viet Nam News newspaper. The company has spent US$176m on the new line.
PPC and AfriSam resume merger talks 13 February 2017
South Africa: PPC and AfriSam have resumed talks to discuss merging the companies. The cement producers will prepare an assessment on the proposed merger and then report back to their respective shareholders and boards. AfriSam previously proposed a merger with PPC in late 2014 before talks were called off in mid-2015. At that the time the two cement producers controlled about 60% of the local market.
President inaugurates Itacamba Cement plant in Bolivia 13 February 2017
Bolivia: President Evo Morales has inaugurated the Itacamba Cement plant in Yacuses in the department of Santa Cruz. The plant had an investment of US$220m and has a production capacity of 0.95Mt/yr, according to Via Empressa. Itacamba Cement is a joint venture between Spain’s Cementos Molins, Brazil’s Votorantim Cement and Camba Cement. The cement producer also operates a grinding plant in Puerto Quijarro and its hopes to produce up to 1.2Mt/yr of cement from both sites. The plant is also expected to create up to 540 direct and indirect jobs.
RL-Trans orders mobile bulk truck loader from Dino 10 February 2017
Finland: Logistics company RL-Trans has ordered a Dino DS400 mobile bulk truck loader. The loader has loading bellows and a capacity of 90m³/hr. The Dino can be used to fill 53t into extra-large bulk trucks, such as those used in Finland, within two hours. Following the completion of a bulk terminal RL-Trans wanted to be able to deliver packed bulk goods. It then made the order via screw conveyor manufacturer Van Beek based in the Netherlands.