Displaying items by tag: GCW319
SNIC predicts Brazilian cement industry recovery from 2018
12 September 2017Brazil: Paulo Camillo Penna, the president of the Brazilian cement association SNIC, predicts that the local industry will start to recover in 2018. His comments follow the publication of data for August 2017, according to the Valor Econômico newspaper. He added that the country would need four or five years of growth to resume the levels of 2014, the last year sales increased reaching 71Mt. Sales of cement have been falling less steeply than previously but are still projected to end 2017 with a decrease of 7%. Sales are then forecast to grow by 1% in 2018 with a more rapid recovery expected to begin in 2019.
Vietnam: Ha Tien 1 Cement has warned that a local government scheme in Ho Chi Minh City to replace cement grinding plants with distribution terminals could cost US$62m. The cement producer made the comments as part of a discussion on the development of building materials in the city, according to the Saigon Times newspaper. The government plans to shut down the cement pants on environmental grounds and to move them out of the city.
At present Ho Chi Minh City has 10 cement grinding plants and terminals with a capacity of over 10Mt/yr but this is below the city’s requirements. By 2020, the city may have a shortfall of 3.3Mt/yr. The city plans to build three terminals with a capacity of 1.2Mt/yr each. However, Ha Tien 1 Cement said that transport and loading fees would be huge as the city will require ships to transport cement from northern ports. In addition, the city will have to build special ports to receive bulk cement shipments from the north as the majority of the ports have no facilities for bulk cement.
Sanghi Cements to build floating terminal at Kochi Port
12 September 2017India: Gujarat’s Sanghi Cements is preparing to build a floating terminal at Kochi Port in Kerala. The plan is intended to targeted markets in the south of India, according to The Hindu newspaper. The floating terminal will consist of a berthed ship with a bagging plant on-board and it will have a capacity of 0.3Mt/yr.
“Once the project becomes operational, Kochi Port will be the first major port in the country to have a floating cement terminal,” said AV Ramana, Deputy Chairman of the port. He added that Sanghi Cements has similar facilities in the minor ports of Kutch and Navlakhi in Gujarat and Dharamtar in Maharashtra.
The port is also commissioning more automated cement bagging plants. Ambuja Cement, UltraTech Cement and Zuari Cements each operate units at the port and Penna Cement and Malabar Cements will set up bagging plants in November 2017 and March 2019 respectively. The total capacity of the five units is estimated to be around 3Mt/yr.
Butra HeidelbergCement launches slag cement
12 September 2017Brunei Darussalam: Butra HeidelbergCement has launched 52.5 Brunei Cement, a new slag cement in its product range. German ambassador Peter Wolff and Legislative Council member YB Ong Tiong Oh attended the launch event.
CNBM and Sinoma enter into merger agreement
11 September 2017China: China National Building Material (CNBM) and China National Materials Company (Sinoma) have entered into a merger agreement. The exchange ratio has been set at 1 Sinoma share to exchange for 0.85 CNBM share. After the merger is completed Sinoma will be absorbed into CNBM. Merger preparations for the two state-owned companies have been on going since mid-2016 when the Assets Supervision and Administration Commission announced the move.
CNBM is the largest cement company in the country with a reported total production capacity of around 409Mt/yr. Sinoma is a cement engineering company and the fourth largest cement producer in China with a total production capacity of approximately 112Mt/yr. The merger is part of the government’s plans to consolidate production domestically and refocus its industries internationally as part of the ‘One Belt, One Road’ initiative.
Dangote linked to PPC bid
11 September 2017South Africa: Dangote Cement is considering making a bid for PPC. The interest of the Nigerian company could start a bidding contest for the South African cement producer, according to sources quoted by the Cape Times newspaper. Canada’s Fairfax Financial Holdings with AfriSam made an offer for PPC in early September 2017. However, PPC said that the offer was ‘undervalued.’ It also reported to shareholders that it had received two other offers. It is expected to present any offers it has received to shareholders in early October 2017.
Holcim US proposes solar unit for Hagerstown cement plant
11 September 2017US: Holcim US has proposed a 10MW solar unit for its Hagerstown cement plant in Maryland. NRG Solar Hagerstown, a subsidiary of NRG Energy, will build the array and lease the site for 35 years, according to Herald-Mail Media. The solar unit could meet up to 20% of the plant’s annual power requirements and the project is expected to last for at least 20 years. Construction is scheduled to start in the second quarter of 2018 and it is planned to last up to five months. No value for the project has been disclosed.
RHI and Magnesita make sales ahead of merger
11 September 2017Europe: RHI and Magnesita have announced divestment agreements ahead of their proposed merger. RHI has signed a contract with a European refractories supplier for an undisclosed sum regarding the sale of its dolomite business in the European Economic Area. The sale consists of the production sites at Marone in Italy and Lugones in Spain. Magnesita has entered into a definitive agreement with Intocast to divest its business related to the production and supply of magnesia carbon bricks produced at the company's Oberhausen plant in Germany for Euro20.3m. Both sales were required by the European Commission as part of the merger process.
“With the sale of the two sites, the combination of RHI with Magnesita is also still right on schedule,” said RHI’s chief executive officer Stefan Borgas with regards to his company’s divestments “We expect the confirmation by the European Commission in the near future.”
RHI signed a contract in August 2017 to sell its production sites at San Vito in Italy and Sherbinska in Russia that produce fused cast refractories for the glass industry. Production at the company’s plant at Aken in Germany was stopped in the first half of 2017 for an indefinite period. RHI plans to sell or close the plant to maintain its production utilisation rate across the business.
Long Son opens second production line at cement plant
08 September 2017Vietnam: Long Son has started operating its second production line at its Long Son cement plant in Thanh Hoa province. Following the upgrade the unit has increased its cement production capacity to 5Mt/yr from 2.5Mt/yr, according to the Viet Nam News newspaper. Following the opening of the new line the site has become one of the largest cement plants in the country.
Mozambique government announces new cement plant for Niassa
08 September 2017Mozambique: President Filipe Nyusi has announced that work on building a new cement plant in Niassa province will start later in 2017. The unit is expected to source many of its raw materials locally, such as limestone and clay, according to the Mozambique News Agency. Once operational the plant is expected to create over 500 jobs. The project follows the reopening of the Cuamba to Lichinga railway in late 2016.