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Schwenk Zement brings 100t crawler excavator into operation 14 October 2015
Germany: Schwenk Zement KG has recently brought into operation two new Liebherr R 980 SME crawler excavators at its limestone quarry in Heidenheim an der Brenz. The quarry is adjacent to Schwenk Zement's cement plant.
The SME crawler excavators from Liebherr are particularly suitable for deployment in excavation and are tailored to the tough operating conditions associated with quarrying. SME stands for 'Super Mass Excavation.' A bonus feature is that the excavator is equipped with a reinforced undercarriage, on which the running gear components of the next larger model from the standard programme, namely the R 9100 mining excavator, can be installed. In conjunction with a heavy ballast weight, this undercarriage improves the stability of the machine and, at the same time, enables the use of a backhoe with greater capacity. The equipment, such as the stick and backhoe cylinders, has been adapted to the higher tearing and breaking out forces with a larger diameter and matching kinematics.
At Schwenk Zement KG, the Liebherr R 980 SME crawler excavators are deployed together with a wheel loader directly at the quarry wall. Material is always excavated using two of the three machines. While the wheel loader is more flexible and mobile, the crawler excavator is suitable for sorting the stone and, at the same time, offers higher tearing and breaking out forces. "We used to work with three wheel loaders in production. With the two Liebherr crawler excavators, we have now found the ideal solution as we have a greater output and productivity and maintain flexibility thanks to the wheel loader," said Wolfgang Kuhnt, Quarry Manager. Since the two crawler excavators have been in operation, the number of detonations for stone excavation has dropped. The bed and material can be collected and processed in a dryer state and the loss of raw material at Schwenk Zement KG can be reduced.
The Liebherr crawler excavators achieve an average material handling performance of 350t/hr and ensure optimum supply of the crushing plant, which is restricted to a capacity of 700t/hr. "The crawler excavators are capable of dealing with 500t/hr as well, however, which equates to 1000t/hr when two are in operation," said Kuhnt. Material transport is then carried out by rigid frame dump trucks with a payload of 65t.
India: Overseas investments or the outward foreign direct investment by Indian companies more than halved to US$1.24bn in September 2015, according to media reports. This compared to US$3.12bn in September 2014. In August 2015, the outward foreign direct investment by Indian companies stood at US$2.19bn.
Out of the total US$1.24bn invested abroad, some US$137m was invested in equity, US$366m through loans and US$738m in the form of issue of guarantee. Major investors overseas during the month included Ultratech Cement in the Middle East (US$234m), Tata Power in Singapore (US$90m) and Tata Communications in Singapore (US$67.9m).
Chairman to remain at China Shanshui Cement following vote
Written by Global Cement staff
14 October 2015
China: Shareholders of China Shanshui Cement have voted to keep Chairman Zhang Bin at a meeting on 13 October 2015 amid a fight for control of the nation's seventh-largest cement maker that has been ongoing since April 2015.
China Shanshui Cement held an extraordinary general meeting during which a proposal from its largest shareholder, Tianrui International Holding Co, to get rid of Zhang was rejected after receiving a 99.9% no vote. Tianrui International, which has a 28.16% interest, has been trying to change Shanshui's management and had another failed attempt in July 2015.
Shareholder clashes may become more common in China as President Xi Jinping encourages the culling of weaker companies in industries that are grappling with overcapacity. Two of Shanshui's other shareholders, China National Building Material Co and Taiwan's Asia Cement, which combined hold 37.6%, said in September 2015 that they will make a joint conditional cash offer to acquire all the outstanding shares they don't already control. The duo reiterated on 9 October 2015 they're still considering that course of action.
China Shanshui Cement had also initially called the extraordinary general meeting to vote on the appointment of Li Liufa, a founder of China Tianrui Group Cement Co, as Chairman of China Shanshui Cement. But China Shanshui Cement said on 12 October 2015 that it hasn't yet received a notice regarding that, making the proposed appointment no longer applicable.
Shareholders voted 95.1% in support of the removal of Zhang Caikui, Zhang Bin's father, as an Executive Director at the 13 October 2015 meeting. Li Cheung Hung and Wu Xiaoyun also had 99.9% of votes cast for their removal. Li was the Joint Company Secretary of China Shanshui Cement while Wu is a professor of the University of Nankai.
Russia: Eurocement's Akhangarancement plant produced 164,000t of cement and 127,205t of clinker in August 2015, 2.5% and 12.2% year-on-year rises respectively. The plant shipped 164,863t of cement to in August 2015, a 1.2% year-on-year rise.
The most popular types of cement in August 2015 were PC 400-D20 (Portland cement of grade 400 with active mineral additives accounting for more than 5 - 20%, SPC 400 (Slag Portland cement of grade 400 with active mineral additives accounting for 20 - 80%), PC 400-KD20 (Portland cement of grade 400 with composite additives accounting for 10 - 20%). The share of these types of cement was 91.8%, up from 75.1% in August 2014.
Raysut Cement’s third quarter net profit falls by 8.5% 13 October 2015
Oman: Raysut Cement has reported an 8.5% decrease in its net profit in the third quarter of 2015, according to Reuters. The company made US$12.6m in the three months that ended on 30 September 2015, compared with US$13.7m in the same period of 2014. Two analysts polled by Reuters have forecast that Raysut Cement would make a quarterly net profit of US$10.9 – 11.1m.