Displaying items by tag: GCW303
Libya: The Libyan Cement Company (LCC) plans to rebuild and reopen two cement plants in Benghazi and Hawari. Ahmed Ben Halim, the chairman of parent company Joint Libyan Cement Company (JLCC), said that the priority was getting the plants near Benghazi operational again, according to the Arab Times newspaper. The plants closed in mid-2014 and remained under militant control until mid-2016.
Unfortunately, the plants were damaged in fighting in 2016. Following a survey LCC says that extensive rebuilding will be required and this may take up at least one year. Repair work will be covered by the company’s Political Violence Insurance policy with Lloyds of London.
LCC is 90% owned by the JLCC, a joint venture between Asamar Libya and the Economic and Social Development Fund. Asamer Libya was purchased in 2015 from Asamer by Libya Holdings Group, a company run by Ben Halim. LCC also operates a third cement plant at Derna that has remained operational throughout the conflict.
US: Eagle Materials’ sales revenue rose by 6% year-on-year to US$1.21bn in its financial year to 31 March 2017 from US$1.14bn in the same period in 2016. The building materials producer completed its acquisition of Cemex’s Fairborn cement plant in Ohio with associated assets in February 2017 and this contributed to its cash flow in the period. Its cement sales volumes rose by 2% to 4.87Mt from 4.78Mt.
Africa: Denmark’s FLSmidth has signed a contract for a cement plant valued at more than Euro100m in an unspecified location in North Africa. The contract includes engineering, equipment supply, construction supervision, commissioning and training. The plant will have a production capacity of 12,000t/day. The contract will become ‘official’ once FLSmidth receives a down payment for the work.
Algeria: The Saoura Cement Company has chosen a MVR 5000 R-4 mill from Gebr. Pfeiffer for the new production line at its plant in Zahana. The 425t/hr raw cement mill will grind material to a fineness of 12 % R90µm and the drive will have a power of 3500kW. The expected moisture level of the input material will be 13%. The order was placed by CBMI, a subsidiary of China’s Sinoma, that is building a plant upgrade for Groupe des Ciments d’Algérie (GICA).