23 October 2018
Chinese joint venture to build new cement plant in Uzbekistan 23 October 2018
Uzbekistan: Kukon Euro Qurilish Materiali, a joint venture between China’s Beijing Triumph International Engineering and local company Juydam Tamir Qurilish, is building a US$153m cement plant at Shursuv in the Fergana region. The unit will also be used to manufacture gypsum wallboard, according to the Trend News Agency. The unit will have a cement production capacity of 1Mt/yr and is scheduled for completion in late 2020.
Cemento Inka considering building a grinding plant in Pisco 23 October 2018
Peru: Cemento Inka is planning to build a 0.6Mt/yr cement grinding plant in Pisco. The US$25m project is scheduled to be completed by late 2019 or early 2010, according to the Gestión newspaper. The board of the build materials producer plans to make a decision on building the unit by the end of 2018.
Chryso buys Euromodal 23 October 2018
Portugal: France’s Chryso has acquired Euromodal. The company was set up in 1986 and manufactures a range of construction chemicals from a plant located near Porto. It also offers services ranging from technical support, the formulation of mix designs and on-site support. Francisco Araujo, CEO of Euromodal, will become the general manager of Chryso in Portugal. No value for the transaction has been disclosed.
“We are delighted to integrate Euromodal into our group and look forward to working with the talented people who will become part of the Chryso business,” said Thierry Bernard, president and chief executive officer (CEO) of Chryso.
“The local production, the world-class local concrete laboratory and strong technical service will benefit our customers. After our recent acquisitions in Italy and in Ireland, this move demonstrates our willingness to enhance our positions in geographies where customers see benefits in value-added solutions and differentiated offerings.”