Global Cement News
Search Cement News
Huaxin Cement invests in Cambodia Cement 18 June 2014
Cambodia/China: Huaxin Cement has injected US$24m into Cambodia Cement Chakrey Ting Factory to acquire a 40% stake in the southeast Asia-based company on 17 June 2014. After the investment, the Cambodia cement producer's registered capital grew to US$60m from US$32m. The Hubei Province-based cement manufacturer said that the acquisition in Cambodia is the company's second overseas investment after establishing a subsidiary in Tajikistan in 2011.
Cement prices to rise in Iran 18 June 2014
Iran: The Iranian government has given permission to cement producers to increase their prices. The new prices will become effective on 21 June 2014, according to the Mehr News Agency. Previously it was reported that Iran's Cement Producers Association planned to increase cement prices by 14 – 21% in the current Iranian calendar year (which started on 21 March 2014). The Cement Producers Association and the Industry, Mine, and Trade ministry signed an agreement in the 2013 – 2014 Iranian year, establishing the trade association as the driver of cement prices.
US: Carolinas Cement Company, a Titan America subsidiary, has announced that it plans to construct a cement packaging facility. The facility would be located at an existing storage and handling terminal in Castle Hayne, New Hanover County, North Carolina.
The terminal at Castle Hayne currently stores and delivers cement produced at the Roanoke cement plant that it receives via rail. The facility will enable the plant to load the cement in bags, advancing handling, storage and distribution efficiency. The project needs US$5m investment. Carolinas Cement Company has applied for a building permit from New Hanover County.
Saudi Arabia/Finland: Wärtsilä has received an order to supply a turnkey power plant for the Umm Al-Qura Cement Company. The 47MW captive power plant will be located close to Taif city. The equipment will be delivered by February 2015 and the project will enter commercial operation by October 2015.
The power plant consists of five 20-cylinder Wärtsilä 32TS engines, a new two-stage turbocharged version of the Wärtsilä 32 series. This new engine is designed to operate efficiently in high temperate and altitude conditions such as a location of this project with temperatures up to 50°C and an altitude above 1000m. After completion of this project, Wärtsilä will have supplied more than 1600MW of installed power plant capacity in Saudi Arabia.
HeidelbergCement to sell building products business 18 June 2014
Germany: HeidelbergCement intends to sell its building products business and has already contacted several banks about the deal. The division is expected to be sold for Euro1.1 – 1.5bn, according to the Financial Times. CEO Bernd Scheifele has been reportedly planning on conducting the sale for a long period. In the 2013 financial year the company's building products business saw its revenue fall by a tenth to Euro1.1bn.