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Democratic Republic of Congo: Banza Ngungu, the CEO of Cimenterie de Lukala, has blamed the closure on the company’s integrated cement plant on imports from Angola. He attributed the increase in imports from the neighbouring country to currency fluctuation, according to Africanews. The Minister of Economy Modeste Bahati Lukwebo added that cement imports crossing the Angolan border were not paying the required import tariffs.
Shivam Cement receives Indian export certificate 08 June 2016
Nepal: Shivam Cement has received an ISI certificate, allowing it to export cement to India. The company said in a statement that it is now one of the few cement producers in Nepal that can export cement to India.
Kazakhstan: China Gezhouba has announced that it intends to invest US$178m in a joint-venture cement project with local partners.
Algeria: CILAS, a joint operation between Lafarge Algeria (49% stake) and Souakri Group (51% stake) located in the northeast of the country, has started commissioned its mill at its Biskra cement plant. Operation of the site’s kiln is scheduled to start in July 2016 according to the El Watan newspaper.
China’s CBM, a subsidiairy of Sinoma, signed a deal to build the plant in mid-2014. The engineering, procurement and construction (EPC) contract included design, equipment supply, civil construction, installation, training and commissioning of the project. The plant will have a cement production capacity of 2.7Mt/yr when fully operational.
Sarat Jain resigns from Jaiprakash Associates
Written by Global Cement staff
08 June 2016
India: Sarat Kumar Jain, vice chairman of Jaiprakash Associates, has resigned from the group with immediate effect. Jain had been associated with the Jaypee Group for over 50 years. The firm said in a statement that the 78 year old had cited health reasons as his reason to resign.