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Fives receives government loan

15 July 2020

France: The government has given a 90% guarantee for a Euro200m loan taken by process technologies and automation specialist Fives from six banks. The company said that the loan, “allows Fives to secure its required liquidity in a time when the Covid-19 crisis has slowed down the business activity in many of its markets. It will also contribute to finance the group’s technological and commercial developments to prepare the future and confirm its positioning as a key player in the industry of the future.”

Published in Global Cement News
Tagged under
  • France
  • Fives
  • Government
  • Loan
  • coronavirus
  • GCW464

South African cement plant capacity utilisation halves in June 2020

14 July 2020

South Africa: Cement plants were working at roughly 50% of the capacity utilisation level in June 2020 compared to that in June 2019 following the restart of production due to the relaxing of the coronavirus lockdown to Level 3 from Level 4 on 1 June 2020. The Sunday Tribune newspaper has reported that a construction slowdown is behind the decision to scale down production.

PPC head of inland business Bheki Mthembu said, “Demand is less than the supply. Most of our cement goes to retailers and then local builders, but we still cater to larger companies when bulk deals are required. The lack of large-scale construction projects has left the industry heavily dependent on residential construction. Government needs to support us through infrastructure maintenance and other projects. We were already in survival mode; Covid-19 has almost been the final nail in the coffin.”

Published in Global Cement News
Tagged under
  • South Africa
  • Plant
  • Capacity utilisation
  • coronavirus
  • construction
  • PPC
  • GCW464

Prime Cement grinding plant in Rwanda due for commissioning in August 2020

14 July 2020

Rwanda: Milbridge Group subsidiary Prime Cement has said that its upcoming 0.6Mt/yr Prime Cement grinding plant in Musanze, Northern Province will enter production in August 2020. KT Press News has reported that the US$66.6m plant will create 600 jobs. Plant manager Eric Rutabana said, “We hope that with our coming to the market, the cement prices will be reviewed downward. Sincerely speaking, the existing price is beyond purchasing power on the local market.”

Published in Global Cement News
Tagged under
  • Rwanda
  • Prime Cement
  • grinding plant
  • commissioning
  • Milbridge Group
  • GCW464

Cemex confirms that South Ferriby cement plant will be mothballed

14 July 2020

UK: Mexico-based Cemex has confirmed its decision to mothball the 0.8Mt/yr integrated South Ferriby, Lincolnshire cement plant following a consultation period with employee and union representatives. The company estimates that the majority of redundancies of the plant’s 110 staff will happen in July 2020.

It said, “Cemex customers will be supplied from the company’s existing cement network. Cemex’s supply chain plan and commercial management will ensure that customer service will be maintained at all times. Cemex remains committed to the UK and will continue to have a strong national presence.”

Published in Global Cement News
Tagged under
  • UK
  • Mexico
  • Cemex
  • Plant
  • Closure
  • Mothball
  • GCW464

Norsk Hydro and the Federal University of Para partner for bauxite residue cement development

14 July 2020

Brazil: Norway-based Norsk Hydro and the Federal University of Para (UFPA) have announced their collaboration on the development of a low-carbon cement from bauxite residue from Norsk Hydro subsidiary Alunorte’s bauxite mining and alumina refining operations in the state of Pará. Electronic News has reported that the research partnership hopes to develop a new cement for commercial production and sale by 2030. This will use an estimated 500,000t/yr of waste bauxite residue.

Norsk Hydro bauxite and alumina research and development senior manager Erik Araujo said, “Hydro seeks to be a benchmark in sustainability in the aluminium industry. The research is an opportunity to promote intersectional advances in our environmental management, with a reduction in carbon emissions for the cement industry.

Published in Global Cement News
Tagged under
  • Brazil
  • Norway
  • Norsk Hydro
  • Federal University of Para
  • bauxite
  • low carbon cement
  • Pará
  • Research
  • GCW464
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