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HeidelbergCement signs upgrade project with CTP Team in Ukraine 31 October 2018
Ukraine: HeidelbergCement has signed a contract with Italy’s CTP Team to upgrade its Kryvyi Rih plant. The project includes replacing the existing filtering system and relevant dust handling for drying drum four. CTP Team will supply a new baghouse equipped with SWAP technology for the cleaning of bags with low-pressure compressed air. The new filter is intended to comply with new local environmental regulations. It will be designed specifically to fit with the existing electrostatic precipitator housing. No value for the deal has been disclosed.
Taiwan/Turkey: Taiwan Cement plans to spend up to US$1.1bn on setting up a new joint venture with Turkey’s OYAK Cement. Through a new subsidiary, Dutch TCC Holdings, it intends to create a new business that will be 60% owned by OYAK Cement and 40% by Taiwan Cement. It will hold talks with OYAK Cement and if an agreement is reached the new company will operate OYAK Cement’s business in Turkey giving Taiwan Cement its first presence outside of Asia.
OYAK Cement is owned by Ordu Yardimlasma Kurumu (OYAK), the pension fund of the Turkish Armed Forces. It operates 13 integrated cement plants in Turkey with a production capacity of around 12Mt/yr. It holds a 16% market share. The plans with Taiwan Cement follow OYAK Cement’s purchase of InterCement’s operations in Portugal and Cape Verde.
Taiwan Cement hopes to gain access to the local market and the wider Mediterranean region. It said that, although it holds a production capacity of 75Mt/yr in the Greater China Region, government peak production limits and market saturation had forced it to expand internationally.
India Cements buys Springway Mining 30 October 2018
India: India Cements has entered into a share purchase agreement to buy Springway Mining for around US$25m. It says it has made the purchase to build a new cement plant in Madhya Pradesh. The cement producer plans to build a 1.5Mt/yr grinding plant in East Nimar, according to the Hindu newspaper. Springway Mining operates a mining and quarrying business.
RCCPL approves expansion to Kundanganj cement grinding plant 30 October 2018
India: RCCPL, a subsidiary of Birla Corporation, has approved an expansion to its cement grinding plant at Kundanganj in Uttar Pradesh. A new 1.2Mt/yr third line at the unit will increase the plant’s total production capacity to 3.2Mt/yr, according to the Press Trust of India. The upgrade is expected to cost around US$34m and be completed by the end of the 2020 – 2021 financial year. The cement producer is building the new production line to meet demand in central India.
Philippines: The Philippine Constructors Association (PCA) has rejected any move to impose tariffs on cement imports, as this will only increase construction costs. The PCA said that imposition of safeguard measures would ‘adversely’ affect customers, according to the Philippines News Agency. In a position paper it has argued that cement imports counteract alleged price rises from cartel-like behaviour. The Department of Trade and Industry (DTI) started an investigation into cement imports in September 2018 amid reports of declining revenue from local producers.