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Zuari Cement to build 3Mt/yr plant at Gulberga 08 January 2014
India: Zuari Cement plans to expand its cement production capacity with a 3Mt/yr cement in Gulberga. The Italcementi subsidiary has invested US$400m towards capacity development in spite of what it called 'tough' market conditions. Other projects include setting up a grinding plant in Solapur and a terminal at Kochi.
EAPCC adjusts financial reports following US$2m cement theft 08 January 2014
Kenya: The East African Portland Cement Company (EAPCC) has adjusted its previous financial reports following the discovery of a theft of cement worth US$2m. The fraud led to the under-declaration of its overdraft by US$1.4m for cement lost in 2012, with the firm also overstating its sales and VAT payments by the same amount.
"The company lost cement worth US$1.4m and US$0.66m during the years ending 30 June 2012 and 30 June 2013 respectively through fraud, which was discovered in 2013," the EAPCC said in its latest annual report.
"The financial statements have been restated to correct these misstatements."
The Treasury and the National Social Security Fund (NSSF), which have a combined stake of 52% in the EAPCC, have questioned the accuracy of the EAPCC's accounts, which are examined by the National Audit Office and its agent Ernst & Young. The EAPCC management has disputed this claim.
In 2013, EAPCC suspended seven of its employees who were charged with allegedly stealing cement worth US$2m.
FLSmidth wins Euro40m PT Semen Padang contract 08 January 2014
Indonesia: FLSmidth has received an order worth Euro40m from PT Semen Padang for a cement production line with a capacity of 8000t/day. The plant is located in Indarung, just outside the city of Padang in West Sumatra.
The order includes equipment for the main part of the production line, including a raw mill, coal mill, preheater, kiln, burner, clinker cooler and silo equipment as well as a complete control system for the entire plant. This new line will be the sixth line at the plant site. Four of the other five lines at the plant were supplied by FLSmidth.
PT Semen Padang is part of Semen Indonesia Group, Indonesia's largest cement producer with a total cement production output of 30Mt.
UAE cement producers defend exports to Oman 08 January 2014
UAE: Cement producers in United Arab Emirates (UAE) have defended their right to export to Oman amidst calls for curbs on imports. Raysut Cement, Oman's largest cement producer, has asked the Government of Oman to implement a ceiling on UAE imports, according to local media. However, UAE producers deny that they are flooding the Oman market.
"There's a shortage and we are covering that shortage," said Suliman Ali Abdullah Al Shehi, a sales manager at Gulf Cement. Raysut Cement has said that the market only needs 1Mt/yr of cement but that UAE producers are exporting 2.5Mt/yr. However UAE producer Fujairah Cement has estimated demand at nearly 3Mt/yr.
Raysut Cement has requested the government in Oman to cap UAE cement imports and to limit the load on each lorry crossing the border from the UAE. The UAE produces over 24Mt/yr according to the Ministry of Economy. Nearly 60% of the total cement production is exported to neighbouring countries in the region.
Dangote hunts land for cement plant in Nepal 08 January 2014
Nepal: Dangote Group has asked the government of Nepal to help it find land to build a cement plant with an investment of US$800m. The Nigerian-based cement producer announced that it has been looking at Dang, Makwanpur and Dhading districts as possible locations following a meeting between Dangote's CEO KR Rao and the Nepalese Finance Minister Shankar Prasad Koirala.
Dangote has asked the Nepalese government to provide 30MW of power for the project. It intends to generate another 30MW for the plant by using a captive power plant.
In late 2013 the Investment Board Nepal (IBN) gave clearance for Dangote to invest in a cement plant in Nepal. Dangote will spend US$550m the first phase of its investment plan in Nepal.