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Menzel to build new motor plant near Berlin 02 March 2022
Germany: Menzel Elektromotoren has signed a construction contract to build a larger motor plant at Hennigsdorf near Berlin. The manufacturer says it has experienced substantial growth in recent years and has outgrown its present headquarters in central Berlin. The new site will have an area of around 8500m² and will accommodate a motor plant with production, testing and storage areas as well as offices. The plot will also allow for flexible expansions to meet future growth requirements. Construction is to start in the summer of 2022, with completion scheduled for August 2023.
“Our new location will feature state-of-the-art machinery, efficient logistics, larger hoist capacities for optimised production processes and high energy efficiency,” said chief executive officer Mathis Menzel. “We will also expand our team and create around 100 new jobs in production and administration in the medium term.”
The Germany-based motor manufacturer supplies electric motors to end-users. It is also a supplier and partner of drive manufacturers, distributors and maintenance companies.
Germany/Nigeria: Germany-based Kreisel is sending a RDG 2000 type self cleaning rotary valve for the eventual use by client at a cement plant in Nigeria. The product weighs nearly 25t and has material flow rates of up to 570t/hr. The supplier says it is one of the largest self-cleaning rotary valve products that it provides. Such products are used to discharge typically wet or sticky bulk materials with a constant volume flow rate.
US: The former Lehigh Hanson Redding cement plant is the subject of a new acquisition deal. Martin Marietta has now agreed to sell the plant, which is in California, and related cement terminals to CalPortland for US$250m. The deal also covers 14 ready-mix concrete locations. The parties have also established arrangements for any future agreement for the sale of Martin Marietta’s Tehachapi cement facility and its related cement distribution terminals. Martin Marietta acquired both plants from Lehigh Hanson in October 2021.
CalPortland’s parent company Taiheiyo Cement said that the acquisition will enable it to build a supply system to meet the growing demand for cement in northern California, Oregon and Nevada. It added that the Redding Plant is an important plant in northern California, which its expects can improve customer satisfaction through an investment to develop more efficient systems. The company concluded “As a result, we expect steady growth in revenue and profits for Taiheiyo Cement’s US cement and ready mixed concrete businesses, which in turn will contribute to the achievement of the medium-term management plan from fiscal years 2022 to 2024.”
Grupo Gilinski increases Grupo SURA stake to 32% 01 March 2022
Colombia: Grupo Gilinski has increased its stake in Grupo SURA by 7.7% to 32%. Grupo SURA controls a 36% stake in Grupo Argos, the parent company of Cementos Argos and US-based Argos USA. The deal awaits validation and agency approval.
Lafarge Africa boosts sales and earnings in 2021 01 March 2022
Nigeria: Lafarge Africa, Holcim’s subsidiary in Nigeria and South Africa, says that it acheived record full-year results in 2021. Its net sales were US$705m, up by 27% year-on-year from US$554m in 2020. Meanwhile, its recurring earnings before interest, taxation, depreciation and amortisation (EBIT) rose by 43% to US$157m from US$110m.
CEO Khaled El Dokani said "Our 2021 performance showed significant improvement.” He added “We are equally pleased with the progress we are making on sustainability. Our use of affordable clean energy and agro-ecology footprint are in accordance with our net zero pledge journey."
In 2022, the company forecast ‘good demand momentum’ as it continues to maximise volume opportunities across its markets, while actively managing costs. During the year, it also plans to consolidate its sustainability efforts.