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Portland Cement Association elects Allen Hamblen as chairman
Written by Global Cement staff
07 December 2016
US: The Portland Cement Association (PCA) has elected Allen Hamblen, president and chief executive officer of CalPortland Company, as chairman of the PCA board of directors, and Tom Beck, president of Continental Cement Company, was elected vice chairman. Hamblen takes over PCA board chairmanship from John Stull, chief executive officer of US Cement for LafargeHolcim US.
Prior to 2006, Hamblen was president and chief executive officer of Glacier Northwest and has worked with CalPortland and its predecessor for 31 years. He is a former chairman of the National Ready Mixed Concrete Association, a trustee of the Ready Mixed Concrete Research and Education Foundation and is a former president of the Washington Aggregates and Concrete Association.
Beck has served as senior vice president at Continental Cement from 2005 to 2013, and as vice president of sales and marketing from 1996 to 2005. He is also a former chairman of the American Concrete Paving Association.
Adelaide Brighton Cement signs gas deal with Beach Energy 06 December 2016
Australia: Adelaide Brighton Cement has signed a sales agreement with Beach Energy to supply processed gas for one year from its Mooba processing plant. Supply of the gas is expected to start on 1 January 2017 and it will replace the previous deal that the companies had for raw gas.
Russia: The Federal Antimonopoly Service (FAS) has brought together local cement producers to develop exchange trading with cement. Attendees agreed that trading should not be limited to Moscow and St Petersburg and a proposal was made to organise exchange trading supplying goods for export. They agreed to submit proposals to FAS, which will also ask industry experts and buyers for their comments towards shaping exchange trading.
“Exchange trading is an opportunity for new players to enter the market”, said Deputy Head of the FAS Andrey Tsarikovskiy. He added that attracting new companies to the market would lead to increased competition in the sector.
Cemex to take over Trinidad Cement for US$89m 06 December 2016
Trinidad and Tobago: Cemex plans to takeover Trinidad Cement by increasing its share in the cement producer through its subsidiary Sierra Trading. It will present an offer and take-over bid to Trinidad Cement’s shareholders, which if successful, will increase its share of the company to 74.9% from the 39.5% that it holds at present. The value of the offer has been placed at US$89m. The offer is reliant on Sierra acquiring at least enough of Trinidad Cement’s shares to give it control. The offer period is expected to close on 10 January 2017.
If the offer is successful, Trinidad Cement will continue operating as previously. Trinidad Cement’s main operations are in Trinidad and Tobago, Jamaica and Barbados. It is the majority shareholder of Caribbean Cement Company.
South Valley Cement to consider cost of second production line 06 December 2016
Egypt: South Valley Cement is considering the cost of building a second production line following an increase in the cost of equipment from foreign suppliers due to the devualtion of the Egyptian Pound. The company’s management will meet in December 2016 to discuss the new 1.5Mt/yr line and how to pay for it, according to Daily News Egypt. The line will be built at the producer’s plant in Beni Suef’s industrial zone, increasing its overall production capacity to 3Mt/yr. It will take three years to build. South Valley Cement won a cement licence from the Industrial Development Authority in December 2016.