September 2024
Shangfeng Cement to invest in Tajikistan and Uzbekistan 30 September 2015
Tajikistan/Uzbekistan: Chinese cement producer Shangfeng Cement plans to raise US$240m through a non-public share offering. It will be used to partly fund investments in Central Asia. A total of US$130m will be invested in projects in Tajikistan, US$137m will be invested in projects in Uzbekistan and US$16m will be used to replenish working capital.
The first phase of the Tajik project, with a construction period of 18 months, will be capable of producing 0.96Mt/yr of clinker and 1.2Mt/yr of cement. Its products will be sold in southern and central Tajikistan, Uzbekistan and northern cities in Afganistan.
The Uzbek project will be the same size, with its products sold to eastern Uzbekistan, southern Kyrgyzstan and northern Tajikistan.
Mark Towe moves to CRH Americas 30 September 2015
Ireland: CRH has announced that Mark Towe, currently President and Chief Executive of Oldcastle, will assume the new role of Chairman, CRH Americas. He will work with the Group Chief Executive to support performance and excellence programmes across the group. The appointment is effective from 1 January 2016. Towe will continue as an Executive Director on the Board of CRH.
Daniel Fritz resigns from HeidelbergCement India 30 September 2015
India: HeidelbergCement India has reported that Daniel R Fritz has tendered his resignation from the position of Director of the company with effect from close of business on 29 September 2015.
George Michos appointed CEO of Heracles 30 September 2015
Greece: George Michos has been appointed CEO of Heracles, member of LafargeHolcim Group, assuming his duties as of 1 October 2015. He succeeds Pierre Deleplanque, who after seven years in Heracles, moves to become Area Manager Emerging Europe of LafargeHolcim Group, while remaining on the board of Heracles as a non-executive member.
George Michos had previously been Senior Vice President RMX Concrete for Lafarge since January 2013 and in parallel, since July 2014, leader of the Operating Model & Organisation workstream for the LafargeHolcim merger. He joined Heracles General Cement in Greece in 2004 and held various executive positions before moving to India in early 2008 and becoming the COO of Lafarge India. In mid-2011 he became Senior Vice President Cement Strategy and M&A for the Lafarge Group in Paris.
He began his career in the construction industry in Greece in 1994 and from 1998 until 2003 he worked in consulting companies in London, Paris and Athens. Michos is 45 years old and married with one daughter, is a graduate of the National Technical University of Athens in Electrical & Computer Engineering (Dipl. Eng) and holds an MBA from Harvard Business School.
Everest fibre cement board plant to open in 2016 29 September 2015
UAE: Everest Industries of India is set to start production from its first overseas greenfield facility in the UAE in the first quarter of 2016, according to a company statement.
"The facility will be used to manufacture fibre cement boards and cater to our export markets in West Asia and Africa," said Manish Sanghi, Managing Director. Set up at an investment of US$150m, it will be able to produce up to 72,000t/yr of cement fibre boards.
Cement shortage worsens in Mendoza state 29 September 2015
Argentina: Cement suppliers in Mendoza province in Argentina have started bringing cement from Chile due to a continued and deepening cement supply crisis. Those that have already been granted permission from the Argentine tax agency to do so are already importing 50kg sacks from the country.
Cement shortages in Mendoza have worsened in recent months. Holcim recently told the local branch of Argentina's construction sector chamber that it was going to be able to resume its normal level of production shortly, after one of its mills was due to be repaired. However, this has reportedly not yet been completed.
Semen Indonesia to press on despite water concerns 29 September 2015
Indonesia: Semen Indonesia has decided to continue to develop its new factory in Rembang, Central Java following protests by some local residents. Semen Indonesia's CEO Suparni said that the construction is currently 60% complete, with production expected by October 2016.
Suparni admitted that the development of the factory has been opposed by some of the local residents. Residents of North Kendeng, experts and academics have criticized the development of the factory. Untung Sudadi, a geologist from the Bogor Institute of Agriculture said that the North Kendeng area, where part of the factory will be built, is a karst area, which collects water for local residents and can be susceptible to sinkhole formation and instability.
Similar to an underground basin, karst areas function as water catchment areas. "Karst is essential to maintain water supply," said Untung. He added that conducting mining activities in karst areas would cause environmental damage.
Suparni said that the Environmental Impact Assessment (EIA) for the cement factory has been completed. He also said that the presence of the factory would not disturb water supplies to the local society.
Poland to act as test bed for LafargeHolcim services 29 September 2015
Poland: LafargeHolcim is implementing a new three-year strategy in Poland. Going forward, the company will not only sell cement, concrete and aggregates but will also offer its clients a range of services including logistics, design and consulting services amongst others.
If the strategy proves to be successful it will be implemented in other countries where LafargeHolcim is present. Because the company will be focused on the new strategy, it is not planning any major acquisitions in Poland, apart from the possible takeover of an aggregate mine.
Vicat to extend Kazakh plant and build new terminal 28 September 2015
Kazakhstan: The Kazakh Vice Minister of Investment and Development of Kazakhstan Albert Rau has met with President of Vicat Group Guy Sidos and honorary president of the group Jacques Merceron-Vicat to discuss the operation and possible extension of Vicat's existing production plant at Zhambyl. The meeting also announced the construction of a US$10m terminal in Astana in 2016. The terminal will also act as a packing plant, research and testing centre.
Iran losing export markets 28 September 2015
Iran: Iran is gradually losing its domestic and foreign cement markets, according to Abdolreza Sheikhan, secretary of Iran's Cement Industry Employers Association. Iran's cement industry has lost some 8% of its domestic market and 20% of its export markets in the first five months of current fiscal year (21 March 2015 to 22 August 2015).
"Cement supply and demand is not balanced in the market and this has created problems for producers," said Sheikhan. However he did not disclose exact statistics about the country's cement sales. However, each cement producing plant is permitted to store clinker equal to two months output. This means that up to 5Mt of surplus clinker could be stored in the country at any one time.