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PPC considering buying government stake in Cimerwa 26 June 2019
Rwanda: South Africa’s PPC is considering buying the government’s stake in Cimerwa. Cimerwa chief executive Bheki Mthembu said that PPC Group is performing a share valuation excersise, according to the East African newspaper.
Soraya Hakuziyaremye, the Minister of Trade and Industry, announced the sale in mid-June 2019, after the divestment was first proposed in March 2019.
PPC already owns a 51% stake in the cement producer. The government owns a 16.5% stake and other shareholders include the Rwanda Social Security Board with 20.2%, Rwanda Investment Group with 11.5% and Sonarwa Group 0.8%. The entire 49% stake is currently for sale. Potential buyers have until 5 July 2019 to register their interest.
Egypt: Cement sales fell by 7.7% year-on-year to 10.9Mt in the first quarter of 2019. Data from the Central Bank of Egypt shows that production fell by 8.1% to 11.2Mt, according to Mubasher.
France: Cem’In’Eu has obtained NF hydraulic binders certification for its Aliénor plant in Tonneins from the Technical Association of Hydraulic Binders. It covers CEM I 52.5 R cement. The cement producer is currently seeking NF certification for other types of cement in its product range. The latest certification follows ISO 9000 and ISO 14000 accreditation at the cement grinding plant.
Germany/Czech Republic: Gear unit specialists Flender and Wikov Industry have announced a service cooperation deal for gear units from other manufacturers. Both companies will add gears from other producers to their service portfolio with the aim of becoming a global ‘one-stop-shop’ in the industry. The intention is to reduce the complexity that end-users can encounter when components from multiple manufacturers are deployed in a single application.
The agreement will allow customers to benefit from Flender's service network with more than 50 repair centres around the world. Wikov holds experience regarding spare parts for gear units from other manufacturers.
Both companies will continue to offer their service portfolio for their original products.
New Colacem plant coming to Paraguay 25 June 2019
Paraguay: The Italian cement manufacturer Colacem has confirmed that it will start construction of a US$200m integrated 2Mt/yr cement plant in the district of San Alfredo, Concepción, Paraguay in early 2020. Representatives from Colacem, along with the Italian Ambassador to Paraguay and Paraguayan Minister for Industry and Commerce made the announcement at a meeting with Paraguay’s President Mario Abdo Benítez.
Paraguayan Minister for Industry and Commerce Liz Cramer said that the projected investment will benefit the entire northern area of the eastern region in terms of new jobs, incorporation of technology and environmental sustainability.
Construction will take three years and the plant will create 700 jobs during construction. There will be around 500 permanent positions, with a further 2000 indirect new jobs arising from the plant.
Italian ambassador to Paraguay, Gabriel Annis, said, "I thank the Government of Paraguay for its support and I confirm the support of my Government for this investment, which for us is fundamental and strategic.” He added that the investment includes technology transfer, social projects and care of the environment and said that he was confident that they will bring development for a Paraguayan region that needs economic injection.