25 January 2022
Akkerman Cement buys majority stake in Akhangarancement 25 January 2022
Uzbekistan: Russia-based Akkerman Cement has acquired a 98.6% stake in Akhangarancement. Gazprombank provided a loan to the subsidiary of USM to support the deal after previously supporting Akkerman Cement’s acquisition of its Gornozavodsk plant in 2018. Eurocement started selling its majority stake in Akhangarancement in early 2021 prior to its own acquisition by Smikom later in the year. No value for the latest Akkerman Cement deal has been disclosed.
“The investment in Akhangarancement, like all USM investments in Uzbekistan, is primarily aimed at the development of this country, the small homeland of Alisher Usmanov, the main shareholder of USM. All the profit that will be generated here will remain in Uzbekistan and will be directed to the socio-economic development of the republic. We see great potential in this. A growing population, demand for quality new housing, and in the long term support for consumer demand through mortgage lending, all this will contribute to the growth of cement consumption,” said Anton Selyavko, chairman of the board of directors of Akkerman Cement. He added that growth in Uzbekistan might not be easy due to production overcapacity and high levels of imports from Kazakhstan, Kyrgyzstan and Tajikistan but that Akkerman Cement had experience of this from the Russian market.
Founded in 2002 Akkerman Cement was previously known as the South Ural Mining and Processing Company. It operates two integrated cement plants in Russia, at 2.3Mt/yr unit at Novotroitsk and a 2Mt/yr unit at Gornozavodsk, and 12 terminals including sites at Ekaterinburg, Izhevsk, Kazan, Moscow, Orenburg, Perm, Samara, Tumen and Ufa. The company also runs metal and lime divisions. Akhangarancement reportedly started a new 2.5Mt/yr dry process production line in late 2021.
Holcim sells cement business in Northern Ireland for Euro67m 25 January 2022
UK: Holcim has sold its cement business in Northern Ireland to Cookstown Cement for Euro67m. The latter is a newly formed local construction company established by a longstanding business partner of Holcim. It will take control of Holcim’s integrated 0.45Mt/yr Cookstown cement plant.
Miljan Gutovic, Region Head EMEA at Holcim, said, “This divestment advances our ‘Strategy 2025 – Accelerating Green Growth’ with a focus on consolidating our leadership in core markets to become the global leader in innovative and sustainable building solutions. With Cookstown Cement, we are pleased to have found a strategic and trusted owner for the business, better positioned to continue investing in its long term growth. We are delighted about Cookstown Cement’s vision, offering a solid platform for the team to continue to thrive.”
Congo: The Société Nouvelle de Ciment du Congo (SONOCC) plans to resume production at its integrated Louteté plant in Bouenza from 31 January 2022. Plant manager II Xingtao made the announcement during a meeting with Antoine Thomas Nicéphore Fylla Saint Eudes, the Minister of Industrial Development and Promotion of the Private Sector, according to the Central African News Agency.
The minister called for the meeting because reportedly only one of the country’s integrated cement plants, FORSPAK Cement, is currently operational. SONOCC blamed the situation on a mechanical breakdown, the coronavirus pandemic and the slow arrival of an order from France. II Xingtao said that SONOCC was hoping to use limestone from Dangote Cement’s plant at Mfila to help alleviate the situation.
Dangote Cement estimated in October 2021 that the total market for cement in Congo was around 667,000t in the first nine months of the year. Its 1.5Mt/yr integrated plant in Mfila sold 357,000t of cement during the period, a rise of 33% year-on-year.
Cement exports resume from the Port of Malaga 25 January 2022
Spain: Bulk cement exports have resumed from the Port of Malaga for the first time since September 2021. The Panamanian-flagged Grit Cement II docked at the port in mid-January 2022 to collect a consignment of 8000t, according to Málaga Hoy. Trade in cement from the port stopped in the autumn of 2021 when HeildebergCement sold the Southern Spain business of its FYM subsidiary to Brazil-based Votorantim Cimentos. Prior to the reopening, ships from the port exported cement to the Port of Banjul in Gambia.
Ireland: Irish Cement has been fined Euro225,000 after it pleaded guilty to breaches of local health and safety laws. The legal case related to incident that occurred in April 2018 at the integrated Platin cement plant in Meath. An employee of the subsidiary of CRH was seriously injured when the articulated tractor and trailer unit he was operating toppled over whilst he was tipping a load in the petroleum coke fuel storage yard. An investigation by the Health & Safety Authority concluded that not all appropriate safety measures were in place at the time of the incident.
Mark Cullen, chief inspector with the Health and Safety Authority said, “This is an unfortunate and serious incident that could have been prevented. Employers should ensure that safe access and egress is provided for plant and equipment being used in the workplace to protect employees and others from the hazard and risks arising from vehicles operating in the workplace. It is of the utmost importance that employers should, where risks have been identified, take the appropriate measures and put in place the control measures to eliminate or reduce the risks identified.
UK: Concrete admixture manufacturer Oscrete UK has become standalone company following its departure from Christeyns Group. The move is intended to spark a period of investment and allow for a renewed focus on core markets. Oscrete manufactures and supplies a range of super-plasticising admixtures,waterproofing agents and efflorescence controllers for the precast and ready-mix concrete and the ready-to-use mortar industries. It has operated within Christeyns Group since 1983.
Scott Wilson, director of Oscrete UK, said, “The pandemic brought considerable challenges in the construction sector, quickly followed by substantial growth and we’ve recognised we need a bespoke business model dedicated entirely to our industry to facilitate growth, new product development within our in-house development lab and specialist recruitment.