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Holcim Romania completes Euro6m waste processing plant expansion 11 September 2014
Romania: Holcim has completed the extension of its waste co-processing platform in Campulung, Arges County, following a Euro6m investment that was co-funded by the European Union (EU).
The project was implemented throughout 20 months via ecovalor, a Holcim division that specialises in waste management. Of the total Euro6m investment, Euro1.6m came from EU funds under the economic competitiveness programme. Holcim Romania introduced waste co-processing in its cement plants in 2003 and has invested Euro32m in waste processing.
CPV outlines debt refinancing plan 10 September 2014
Spain: Cementos Portland Valderrivas (CPV) has released a statement outlining its plans to refinance Euro969m of debt. In the short term, CPV is struggling to keep on top of maturing debt and has released a statement confirming that it has received the unanimous agreement of all of its creditors to extend the maturity of Euro50m of debt from 30 June 2014 to 30 September 2014.
Taiheiyo Cement ends joint venture with Chinese peer 10 September 2014
Japan/China: Japan’s Taiheiyo Cement has dissolved a joint venture agreement with Xinjiang Tianye in Xinjiang, Chinese in response to Chinese government efforts to reduce excess capacity in the sector.
Taiheiyo Cement Investment, the company’s Chinese arm, signed the agreement with Xinjiang Tianye in December 2012. After receiving government approval, they set up a joint venture in April 2013, planning to produce 1.2Mt/yr of cement. However, in 2013 Beijing increased measures to curb investment in the cement industry to counter overcapacity. This cast doubt on whether the venture could build production facilities as planned. With the business environment for the region's cement industry worsening, Taiheiyo and Xinjiang Tianye opted to end the agreement.
EC approves Spanish Cemex-Holcim deal 10 September 2014
Spain: The European Commission has cleared the acquisition of the Spanish operations of the Swiss building materials group Holcim by its Mexican peer Cemex following an in-depth investigation.
New manager for Haver Southern Africa
Written by Global Cement staff
10 September 2014
Africa: With effect from 1 August 2014, Demelza Mulligan has assumed the management position of Haver Southern Africa. After having completed her Master’s Degree from the Polytechnic University of Münster in Germany, she worked for the Chamber of Industry and Commerce in South Africa.
The business administration specialist joined Haver Southern Africa in 2013 as its marketing manager. Mulligan will succeed Joachim Hoppe, who directed Haver Southern Africa for three years and who laid the foundation for positive future business development for southern Africa. Hoppe is returning to his work at the Oelde-Germany headquarters, where he will found the new business unit of Bergbau / Mining.