10 September 2019
HeidelbergCement to take over Ultratech’s stake in Emirates Cement 10 September 2019
Bangladesh: Germany’s HeidelbergCement will purchase Ultratech’s stake in Emirates Cement, the owner of the 0.5Mt/yr Emirates grinding plant in Dhaka. NewAge Business has reported that Ultratech, a subsidiary of India’s Aditya Birla Group, has set the price of the stake at US$32.1m.
Ultratech first produced cement in Bangladesh following Aditya Birla Group’s acquisition of ETA Star Cement in April 2010, when it bought into the latter’s Bangladeshi subsidiary Emirates Cement for an estimated investment of US$382m. The divestment of its sole Bangladeshi asset awaits bank approval.
Bangladesh produces 58Mt/yr of cement, exceeding a market demand of 31Mt/yr. Of the 75 producers in the country, only 35 are actively making cement.
Turkmenistan plant exports cement to Uzbekistan 10 September 2019
Turkmenistan: The state-owned 1.0Mt/yr integrated Lebap cement plant has exported 0.2Mt of cement to neighbouring countries in the eight months to the end of August 2019. Uzbekistan received the majority of this. Neitralnii has reported that the plant has produced test batches of cement using basalt instead of its usual iron ore. It has noted increased durability, density and frost resistance, as well as lower costs and financial impact. The substitution of the locally-sourced ferrous rock for imported haematite is part of the central Asian country’s state programme of import substitution.
Najran Cement receives license for export of clinker 10 September 2019
Saudi Arabia: Najran Cement has received a licence to export clinker from the Saudi Ministry of Commerce and Investment. The licence is valid for a year from 4 September 2019.
Dangote Cement lorry kills eleven 10 September 2019
Nigeria: A Dangote Cement lorry suffered a brake failure on a hill in Nasarawa State and collided with a people carrier, killing all 11 passengers. Passengers of other vehicles were also injured. The Punch newspaper has described the lorry as ‘heavily-laden.’
This follows the head-on collision of a Dangote lorry with a bus in Ikorodu, Lagos State, in August 2019, which killed three and injured all 69 other bus passengers. The lorry, carrying 45t, significantly over its rated capacity, had suffered a brake failure. Both incidents are under investigation by the company.
Raysut Cement wins twice at Oman Leadership Awards 10 September 2019
Oman: CMO Asia International Consulting has twice decorated Oman’s Raysut Cement at its first Oman Leadership Awards. Raysut won ‘Best Company for Socially Responsible Practice’ and ‘Best Cement Trading Brand.’