September 2024
Cem'In'Eu to open first grinding plant in May 2018 23 January 2018
France: Cem'In'Eu intends to open its first cement grinding plant in May 2018. The 0.24Mt/yr plant is located at Tonneins in Lot et Garonne, according to Les Echos newspaper. It has had an investment of Euro18m. The company is planning to open new grinding pants at the rate of one per year.
New locations include Chalon-sur-Saone in Saone-et-Loire, Portes-lès-Valence in Drôme, Montreuil-Bellay in Maine-et-Loire and Mulhouse-Ottmarsheim. Internationally the company is also considering new plants in London in the UK, Poland, Switzerland and Germany. Financing for the company is provided by Pergam, a French private equity firm that has already raised Euro33m.
Big Boss Cement appeals against investment board rebuff 23 January 2018
Philippines: Big Boss Cement has appealed against a decision by the Board of Investment (BOI) denying its application for registration because it lacked ‘proof of concept’. Big Boss’ president Gilbert Cruz said that the new cement company’s application was turned down in 2017 because it was not producing clinker, according to the Manila Bulletin newspaper. It plans to open a cement grinding plant in Pampanga in March 2018.
Entreprise des Ciments et Dérivés d’El Chellif to open new production line in June 2018 23 January 2018
Algeria: Entreprise des Ciments et Dérivés d’El Chellif (ECDE) plans to open a new 2Mt/yr production line at its plant in Chlef in June 2018. The project covers an area of 15ha and has been presented as a new cement plant, according to the El Watan newspaper. Overall the new line will increase the plants production capacity to 4Mt/yr. The company plans to increase its exports to make a return on its investment.
Tunisia: Ciments de Bizerte’s cement and lime deliveries rose by 3% year-on-year to 0.63Mt in 2017 from 0.61Mt in 2016. Overall the cement producer’s turnover increased by 3.74%, according to African Manager. It reported a total turnover of US$25m in 2016. Upgrade work to the plant’s wharf is expected to increase exports in 2018 as well as receives petcoke supplies.
UK: Fairport Engineering has been awarded a corporate social responsibility rating. The accreditation provides a measure of the engineering company’s corporate citizenship and its business practices. In the cement sector Fairport offers a number of systems including materials handling, bulk raw material intake and processing to clinker grinding, and blending, cement storage, packing and palletising.
Democratic Republic of Congo: South Africa’s PPC has agreed with its lenders to reschedule debts from the construction of a cement plant in Democratic Republic of Congo (DRC). The cement producer said that the total capital requirements for the DRC plant will now be limited to interest payments from January 2018 until January 2020, according to Reuters. The debt renegotiation has included an extension of the repayment period by an additional two years and a change to the interest rate.
PPC Barnet DRC is 69% owned by PPC, 21% owned by Barnet Group and the remaining 10% is owned by the International Finance Corporation (IFC). The plant is 60% debt funded by the IFC and Eastern and Southern African Trade and Development Bank.
Jaiprakash Associates narrows net loss in third quarter 22 January 2018
India: Jaiprakash Associates has narrowed its loss to US$23m in the third quarter of its financial year from US$171m in the same period in 2016. Despite this its income fell by 30% year-on-year to US$178m from US$258m, according to the Press Trust of India. The company has sold its assets, including a large number cement plants to UltraTech Cement, to reduce debt.
French cement market grew by 3 - 4% in 2017 19 January 2018
France: Bénédicte de Bonnechose of the Syndicat Français de l’Industrie Cimentière (SFIC), the French cement union, says that the market is expected to have grown by 3 - 4% in 2017. Cement consumption reached 17.5Mt in 2016, according to the Agence France Press. De Bonnechose described the growth as a ‘sharp signal’ that the French cement industry was recovering following hitting its lowest levels since the 1960s.
France: Syndicat Français de l’Industrie Cimentière (SFIC), the French cement union, has launched Cement Lab, an initiative intended to connect startup companies to the cement industry. Bénédicte de Bonnechose, president of the SFIC, unveiled the project that will link new companies, industry and academia at Station F, a business incubator for startup located at the former Halle Freyssinet railway depot in Paris. Startups featured at the event included Combo Solution, 360 Smart Connect, XtreeE, Smart Cast and Red Bird, who are offering a drone-based method for mine and quarry visualisation.
Court sets date for end of Zambezi Portland Cement case 19 January 2018
Zambia: The High Court of Zambia has set 25 February 2018 as the date it will hand down a judgement on a case involving Zambezi Portland Cement (ZPC) between businessman Rajan Mahtani and the Vetriglia family. The case concerns a battle over the shares and management of the company between Mahtani and members of the Vetriglia family, according to the Times of Zambia. Mahtani originally attempted to close the company in 2015 but the original owners resisted the attempt. However, Mahtani maintains that he holds a majority share in the cement producer.