Items filtered by date: Tuesday 10 January 2017
Cemex increases offer to buy Trinidad Cement 10 January 2017
Trinidad & Tobago: Cemex has increased its offer to buy a controlling stake in Trinidad Cement. The cement producer has instructed its subsidiary Sierra Trading to make a higher offer and take-over bid with a value of US$101m with a deadline of 24 January 2017. Previously, in early December 2016 it offered US$89m. The amended offer is dependent on Cemex acquiring control of Trinidad Cement, among other conditions. In late December 2016 the directors of Trinidad Cement advised shareholders to reject Cemex’s offer because it was seen as poor value.
Senegal introduces new cement tax 10 January 2017
Senegal: The government of Senegal has introduced a tax of US$4.84/t of cement with effect from 2 January 2017. The tariff will apply to cement from the country’s three cement plants run by Ciments du Sahel, Sococim and Dangote, according to the Quotidien newspaper. Vendors are expected to pass the cost onto consumers with higher prices.
Cement production rose by 10% year-on-year to 5.15Mt in the first 10 months of 2016 from 4.68Mt in the same period in 2015 at the Ciments du Sahel and Sococim plants, according to data from the Directorate of Forecasting and Economic Studies (DPEE), reported upon by the African Press Agency. The increase has been attributed to a 25% surge in exports, although local sales have also risen slightly.
Georgia: Gebr Pfeiffer has received an order to supply a mill for HeidelbergCement Group’s Kaspi plant. The vertical roller mill will be used in a new 3000t/day kiln line at the site. The order was placed through the China’s Sinoma Chengdu in November 2016.
The type MPS 4000 B mill, equipped with a SLS 3750 B type classifier, has been designed for a capacity of 270t/hr of raw meal. The mill will be delivered with an enlarged housing to allow the raw material with a moisture of up to 10% to be dried almost exclusively with the available preheater gases.
Commissioning of the plant is scheduled for 2018.