23 January 2017
Arab Union for Cement and Building Materials opens office Jordan 23 January 2017
Jordan: The Arab Union for Cement and Building Materials (AUCBM) has opened a regional office in Amman. The office will be managed by Khaled Tarawneh, the General Manager of Arab Company for White Cement Industry and an AUCBM board member. The office is intended to support member companies of the AUCBM towards training workers at cement plants and supporting the AUCBM with its events.
Trinidad & Tobago: The directors of Trinidad Cement have once again advised shareholders to reject an offer by Cemex to buy the company. In a circular to shareholders the cement producer said that the amended offer made by Cemex in early January 2017 was still below the value its auditors had calculated. Cemex previously made an offer to Trinidad Cement in December 2016.
Insee Cement signs partnership with local universities 23 January 2017
Sri Lanka: Insee Cement has signed research and development partnership deal’s with the Universities of Peradeniya, Moratuwa and Ruhuna. The agreements are intended to enhance the local construction industry through education, innovation and knowledge sharing, according to the Sunday Observer newspaper. The agreement was signed by Janaka Weerakoon of Siam City Cement and Upul Dissanayake of the University of Peradeniya, Ananda Jayawardena of the University of Moratuwa and SGJN Senanayake of the University of Ruhuna. Insee Cement was previously known as Holcim Lanka before it was purchased by Thailand’s Siam Cement in 2016.
Russia: Sibirsky Cement expects that demand for cement in Siberia will fall by 8 – 10% to 4.7 - 4.8Mt in 2017. The cement producer said that its output decreased by 22% to 2.15Mt from its Kemerovo Region-based Topkinsky Cement, by 3% to 0.75Mt from its Krasnoyarsky Cement plant and by 10% to 0.27Mt from its Timlyuisky cement plant, according to the Prime Tass news agency. Overall its cement production fell by 17% year-on-year to 3.17Mt in 2016. It has blamed falling production on an overall decline in Russia’s cement market.
Algeria/Nigeria: CBMI Construction (Sinoma) has issued paperwork passing over completed projects to Lafarge Africa, a part of LafargeHolcim, for projects in Algeria and Nigeria.
A provisional taking-over certificate (PTC) was signed by representatives of Unicem, a joint venture partly operated by Lafarge Africa in Nigeria, at Sinoma’s Beijing headquarters on 18 January 2017. Tomas Lorent, Lafarge Africa Project Manager and Liu Xinwang, CBMI Project Manager signed the paperwork on behalf of their companies. The certificate was signed eight weeks ahead of the contract. The new production line at the Calabar cement plant in Cross River State started operation in the summer of 2016. It includes one of the world’s largest vertical roller mills supplied by Loesche.
Meanwhile, a different PTC was signed on the same day by Didier Michel, Lafarge Algeria’s Project Manager and Gu Jinjun, CBMI Project Manager at Lafarge Algeria’s headquarters in Algiers. The 2.7Mt/yr CILAS Biskra cement plant, a joint operation between Lafarge Algeria and Souakri Group, was commissioned in the summer of 2016.
India: UltaTech Cement’s net profit has risen by 20% year-on-year to US$292m for the first nine months of its financial year to the 31 March 2017 from US$244m in the same period in the pervious year. Its total income from operations rose slightly to US$3.04bn. However, net sales fell slightly in the third quarter.
The cement producer reported that its board of directors had approved the setting up of a 3.5Mt/yr cement plant at Dhar, Madhya Pradesh for a cost of around US$382m. Commercial production at the plant is anticipated to start in early 2019. The plant is intended to grow the company’s markets in southwest Madhya Pradesh.
UltaTech Cement added that it had deposited a penalty of US$17.3m, 10% of a fine imposed by the Competition Commission of India (CCI) in August 2016. It is also facing a separate fine for U$10m from the CCI in relation to alleged misconduct in Haryana. The company intends to appeal both fines.