03 April 2017
Hanil Cement buys stake in Hyundai Cement 03 April 2017
South Korea: Hanil Cement says it will buy 10.8 million shares or a 64.4% stake in Hyundai Cement. The transaction will cost US$427m, according to Reuters. The South Korean cement producer was chosen as the preferred bidder in February 2017.
Cemex upgrades grinding plant in Guatemala 03 April 2017
Guatemala: Cemex has completed production and bagging line upgrades its Arizona cement grinding plant in the Port of San José. The project cost US$3.7m and it included the completion of a second bagging line, changes in lift capacity and the installation of new mill controls, according to the Prensa Libre newspaper. The upgrades are expected to increase the plant’s production capacity by about 10% to 545,000t/yr and to speed up bagging by 46% to 96t/hr.
Redcliff cement grinding plant starts production 03 April 2017
Zimbabwe: China’s Livetouch Investments has started production at its 0.4Mt/yr cement grinding plant at Redcliff. Managing director and co-shareholder Dongning Wang said that the US$30m plant had started operation at 70% of its capacity, according to the Herald Business newspaper. The plant is expected to employ 200 workers once it is fully operational. The company markets its cement under the Diamond Masonry brand.
Although some work remains on the first phase of the project the second phase will see the construction of a clinker producing plant at the same site. The company is negotiating at present with the Ministry of Mines and Mining Development for access to limestone deposits. Work on the second phase is expected to start six to nine months after the mineral rights are secured.