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Dalmia Cement Bharat backs new cement brand in Sri Lanka 31 January 2017
Sri Lanka: India’s Dalmia Cement Bharat has partnered with local import firm Oliver Impex to launch the Vijaya Cement brand. The SLS 107 certified product has a strength class of 42.5 N, according to the Daily News newspaper. AHM Fowzie, the State Minister of National Integration and Reconciliation, was the chief guest at the launch event.
Iranian cement production slowing in 2016 31 January 2017
Iran: Data from the Ministry of Industries, Mining and Trade of Iran reports that the country’s cement production fell by 1.4% year-on-year to 42.7Mt in the first nine months of the Iranian calendar year that started on 31 March 2016. Cement production has fluctuated in recent years due to weak domestic demand, according to the Trend News Agency. Other issues the cement industry has experienced have included a recession in the local construction industry, low supplies of natural gas, low international oil prices and declining exports.
Honduras: Cementos Argos has inaugurated its 0.3Mt/yr cement grinding plant at San Lorenzo. It spent US$25m on the upgrade project and it has created 100 new direct and indirect jobs. The plant, formerly known as Cesur Grinding Station, was purchased from Lafarge in 2013. The refurbished plant will add to the cement producer’s assets in the country including an integrated cement plant in Comayagua and a terminal in San Pedro Sula.
East African Portland Cement annual general meeting cancelled after auditors fail to attend 30 January 2017
Kenya: The annual general meeting of the East African Portland Cement company has been cancelled following the non-attendance of the company’s auditors. The meeting requires the presence of the office of the Auditor-General or its appointee Deloitte East Africa to proceed, according to the Business Daily newspaper. The management was unaware that the procedure had changed a company director said. The meeting has been rescheduled for 3 February 2017. The cement producer has a poor corporate governance record following the accusation of its chief executive of sexual harassment and reports of theft of stock in late November 2016, among other incidents.
Venezuela: The Venezolana de Cementos (Vencemos) Guayana grinding plant in Bolivar state needs US$47m to repair its transport fleet. Union head Johnny Linares said that only four vehicles out of 65 are working correctly in comments made to the Ultimas Noticias newspaper. The fleet is used to move clinker from the cement producer’s Pertigalete cement plant to the grinding plant. Production capacity at the plant fell to 28% at 97,000t in 2016 from 346,000t in 2012. Linares added that the national cement industry only received an investment of US$7m in 2016 but that he believes it requires US$25m/yr.