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ACC to expand Jamul and Sindri plants 30 August 2016
India: ACC plans to expand its plants at Jamul in Chhattisgarh and Sindri in Jharkhand as part of a US$447m capital project intended to increase the company's production capacity by 5Mt/yr to 35Mt/yr. The project will also include building a ‘couple of new plants’ according to comments made by KN Rao, Director - Energy and Environment, to the Hindu newspaper. Following the upgrades the Jmaul cement plant will have a clinker capacity of 2.79Mt/yr and a cement grinding capacity of 1.1Mt/yr. The Sindri unit will have a grinding capacity of 1.35Mt/yr.
Schade Lagertechnik gains orders in Uzbekistan and Jamaica 30 August 2016
Uzbekistan/Jamaica: Schade Lagertechnik has announced details of orders its has received from the cement industry from Kyzylkumzement in Uzbekistan and from Caribbean Cement in Jamaica.
In July 2016 Scaahde won a contract to supply two bridge type reclaimers and a stacker to Kyzylkumzement in Uzbekistan. The two reclaimers, each with a capacity of 1000t/hr and a rail span of 30m, and the 1200t/hr stacker will be delivered in the autumn of 2017 so that the plant can be commissioned in early 2018. The project is being supported with the aid of World Bank financing.
The order is part of the modernisation and improvement of cement plants that was called for two years ago by the Uzbek construction materials collective, Uzstroymateriali. This investment programme comprises nine projects for modernisation and reconstruction of plant at three of the largest cement works in the country, Kyzylkumzement in Nawoi, Akhangaranzement in the Tashkent region and Bekabadzement also in the Tashkent region. The investment volume at Kyzylkumzement alone is in the order of US$40m. Currently there are six cement plants in Uzbekistan with a total installed capacity of around 8Mt/yr.
Schade will also supply a full-portal reclaimer for limestone, with a capacity of 700t/hour and a rail span of 42m, to Caribbean Cement in Jamaica in the autumn of 2017. The project phase leading up to this order had been going on for almost 20 years. Rather than investing in a new machine, the initial plan was to convert an existing one. In the end the management decided that the purchase of a new machine would be more economical than incorporating all the required modifications into the existing machine.
Schade Lagertechnik produces equipment for bulk material stockyards and blending bed technology. It is part of the Aumund Group.
China: SOCAM Development has agreed to sell a 35% stake in Nanjing Jiangnan Cement for US$22.1m to Country Garden. Nanjing Jiangnan Cement produces and trades cement in Nanjing. SOCAM Development plans to sell its remaining 25% stake in Nanjing Jiangnan Cement to Country Garden at a later date, according to ET Net News.
Grupo Cementos de Chihuahua to restructure company 30 August 2016
Mexico: The board of directors of Grupo Cementos de Chihuahua (GCC) has proposed a new corporate structure to simplify GCC’s controlling shareholder structure and make such structure clearer to investors. The restructuring, if approved by GCC’s shareholders, will consist of a merger between two entities controlling GCC into GCC, in which GCC would be the surviving entity.
Once the corporate restructuring is finalised, GCC’s principal direct shareholder will be Cancem, which will hold a majority and controlling interest in the shares of GCC. In addition, as a result of the proposed corporate restructuring, if approved by GCC’s shareholders as proposed, Cemex will own a direct stake equal to 23% of the outstanding share capital of GCC and a minority stake in Camcem. Cemex has expressed that it expects to hold its interest in Camcem as a long-term investment and will therefore remain an indirect minority shareholder of GCC.
The proposed corporate restructuring has been approved by the Mexican competition regulator, the Comisión Federal de Competencia Económica, and will require the approval of GCC’s shareholders to be completed.
Cemex amends US asset sale to Grupo Cementos de Chihuahua 30 August 2016
US: Cemex and Grupo Cementos de Chihuahua (GCC) have amended the terms of a sale of assets to GCC previously announced in early May 2016. The assets being sold by an affiliate of Cemex to an affiliate of GCC in the US have changed and mainly consist of Cemex’s cement plant in Odessa, Texas, two cement terminals and the building materials business in El Paso, Texas and Las Cruces, New Mexico. Cemex’s cement plant in Lyons, Colorado and cement terminal in Florence, Colorado are no longer part of the assets being sold to GCC. Upon closing of this transaction GCC will pay Cemex US$306m.
The sale is subject to customary closing conditions, including approval from the US competition authorities and GCC’s shareholders, as well as GCC obtaining financing to purchase the assets. The deal is expected to be completed before the end of 2016.