September 2024
UK/Nigeria: Aliko Dangote, the owner of Dangote Cement, has reiterated his intention to list the company on the London Stock Exchange (LSE), following a meeting with the UK Prime Minister Theresa May in Lagos. May was in the country as part of a multi-stop trade tour of African nations ahead of the UK’s departure from the European Union in March 2019. Dangote Cement is worth an estimated US$7bn.
During the visit May said, “Already the finance and business links between Lagos and London are bringing enormous benefits to businesses and people in the UK and in Nigeria. London is a world-leading financial centre and, as the UK leaves the European Union, it will play an even greater role in financing the fastest-growing economies across Africa and the world.”
ARM shares suspended for another 21 days 31 August 2018
Kenya: The Capital Markets Authority (CMA) has extended the suspension of ARM Cement’s shares from trading on the Nairobi bourse for a further 21 working days. According to a public notice the shares of the cement maker will remain suspended until 27 September 2018.
“The extension of suspension in trading of the company’s shares takes effect from 30 August 2018 and shall remain in force for a further 21 working days,” said the NSE.
ARM Cement, which is grappling with US$140m of debt, was previously suspended from the bourse for seven working days from starting 20 August 2018.
President inaugurates Simba Cement’s plant 31 August 2018
Uganda: President Yoweri Museveni has commissioned the Simba Cement plant in Mukuju Sub-County in Tororo District in Eastern Uganda.
The factory, which currently employs about 400 workers, was built in two and half years by Mepani Technical Services, at an estimated cost of US$55m. It is the second cement plant in Tororo District.
President Museveni, who on arrival at the factory made an inspection tour of the facility, urged Ugandans to be enterprising and disciplined. He added that, with the abundant natural resources with which Uganda is endowed, there is tremendous potential for development.
Musaveni commended the pledge by the factory to employ local youths and advised the company to employ at least 30% youth workers. He also praised Tororo District for the peaceful approach in handling their district’s matters.
The Managing Director of Simba Cement factory, Guru Narendra Raval, said that the reduction in the price of cement due to the new capacity the plant had brought was in line with President Museveni's dream of having Ugandans living in cemented houses. He said, “The President asked me to build a cement factory and now I have built it. I am not here to make profits but to make Ugandan lives better.”
Ukraine bans clinker imports from Russia 30 August 2018
Russia/Ukraine: The Cabinet of Ministers has banned clinker imports from Russia. The government says that cement imports from Russia almost doubled in 2017, according to Interfax. Its share in total imports in 2017 was 85 - 87%, and in January - May 2018 it grew to 100%.
"The introduction of cement clinkers into the list of goods banned to import into Ukraine from Russia is carried out as part of the policy of economic opposition to discriminatory actions against Ukraine by the aggressor state," said the Ministry of Economic Development and Trade. It added the ban is expected to increase local production. Although a cement deficit is not expected, the ministry said that, if necessary, additional clinker could be imported from the European Union (EU).
According to the draft resolution, the ban on the import of Russian clinker will come into force 10 days after the publication of the document.
Boral reports mixed picture for cement business 30 August 2018
Australia: Boral’s cement business, Boral Australia, reported a 2% year-on-year rise in cement sales volumes in the financial year to 30 June 2018. Its external sales fell but this was compensated for by growing local sales in support of its concrete business. It’s said that the earnings and margins for its cement business improved due to an improvement programme. However, these benefits were partly offset by cost inflation and higher energy costs.
Overall, Boral Australia’s sales revenue rose by 34% year-on-year to US$2.62bn in the financial year to 30 June 2018 from US$2.40bn in the same period in 2017. Boral Australia’s earnings before interest, taxation, depreciation and amortisation (EBTIDA) increased by 15% to US$462m from US$402m. Total group sales rose by 34% to US$4.28bn and EBITDA grew by 47% to US$770m due to the acquisition of Headwaters.
“We have continued to optimise our networks and grow volumes in Australian east coast markets, where demand is very strong, and we continue to focus on full cost recovery through price and strengthening margins through improvement programs,” said chief executive officer and managing director Mike Kane.
Strike at ANCAP hits cement sales in first half 30 August 2018
Uruguay: An 88 day strike has reduced cement sales at Administración Nacional de Combustibles, Alcoholes y Portland (ANCAP). Its cement sales fell by 24.1% year-on-year to 0.12Mt in the first half of 2018 from 0.16Mt in the same period in 2017. Despite this, the loss from its cement business decreased to US$3.4m from US$6.06m. Its earnings were also negatively affected by rising petcoke prices. Overall, the oil and gas company reported a profit of US$52.6m across all business lines.
Brazil: Brazil's antitrust watchdog Cade has approved a joint-venture between Votorantim Cimentos, Tigre Participações and Gerdau Aços Longos for a construction materials products loyalty scheme. The initiative will be called Juntos Somos Mais. Votorantim Cimentos will hold a 45% share of the scheme. The civil construction materials company Tigre and Gerdau Aços Longos, the steel division of the Gerdau, will hold a 27.5% share each.
Cade said that the companies will remain operationally and commercially independent in their main activities, so that the only common ground between them will be the functioning of the coalition's loyalty program. Other companies in the construction industry will be able to join the program as partners.
UK: Lafarge Cement is celebrating 50 years of production at its Cookstown plant in Northern Ireland. The plant opened in 1968 and today it employs almost 100 staff both in Cookstown and at a cement terminal in Belfast. Lafarge Cement was later acquired by Aggregate Industries in 2015 as part of the merger between Lafarge and Holcim that created LafargeHolcim.
“Fifty years is a significant milestone and follows the successful 60th anniversary celebrations that took place at our sister cement plant in Cauldon in 2017,” said plant manager Russell Larmour. “The success at Cookstown is testament to the many generations of people here in County Tyrone who have helped shape the business today. As we now look to the future, and many more years of production, we are committed to maintaining our position as a leading, sustainable business partner at the heart of the UK’s construction industry.”
Staff at Ash Grove Cement, Argos USA and Lehigh Hanson win 2018 John P Gleason, Jr Leadership Awards 30 August 2018
US: Staff members from Ash Grove Cement, Argos USA and Lehigh Hanson have won awards at the Portland Cement Association’s (PCA) 2018 John P Gleason, Jr Leadership Awards. The awards recognise PCA members who have exhibited leadership in advancing industry programs and initiatives. The scheme is named after John ’Jay’ Gleason who served as PCA president from 1986 until his retirement in 2007.
Steve Minshall, Corporate Director, Safety and Health at Ash Grove Cement won the Business Continuity award. He has served on the PCA Occupational Health and Safety (OHS) Committee for two decades, where the PCA say he has proven to be a strong safety leader in implementing many programs and initiatives to reduce workplace injuries. He has led efforts to better partnership with regulatory agencies in pursuit of the common goal of safety. Finalists in this category were Brett Lindsay, Environmental & Energy Manager at Salt River Materials Group, and Steve Wilcox, Cement Technical Director at Argos USA.
Lori Tiefenthaler, Senior Director of Marketing at Lehigh Hanson won the Market Development award. As chair of the American Concrete Pavement Association (ACPA) in 2017, Tiefenthaler led efforts to better align the missions of allied cement and concrete associations, including an effort to launch PavementDesigner.org, which is a joint project between PCA, ACPA and National Ready Mixed Concrete Association. She has served on the executive board for the National Concrete Consortium, through which she has helped improve connections and outcomes for the cement and concrete industries with federal and state departments of transportation and academia. Finalists in this category were Bill Asselstine, Vice President Sustainability at St. Marys Cement/VCNA, and David Gray, Market Manager at GCC of America.
Gina Lotito, Vice President, Energy & Environmental, GCC of America won the Young Leaders award. She is an active member of the PCA Environment & Energy Committee, where she has been chair and vice chair of the Sustainable Manufacturing Subcommittee, and served on the Sustainable Development Committee. She has proven a leader in promoting the use of clean alternative fuels for cement production, and in federal advocacy efforts to lower regulatory barriers for using such fuels under the Non-Hazardous Secondary Materials Rule. Finalists in this category were Ed Griffith, Vice President Sales & Marketing, US at St. Marys Cement/VCNA and Adam Posly, Production Manager at LafargeHolcim US.
US: Illinois Cement has installed a Roll Gen System supplied by Martin Engineering at its La Salle plant in Illinois. The power station supplies energy to a remote conveyor location at the site. The patent-pending design uses the kinetic energy of the moving belt to generate enough electricity to drive an automated dust suppression system, a pneumatic belt cleaner tensioner and a series of air cannons, helping operators at the Illinois Cement Plant reduce dust and spillage, increase cargo flow efficiency and minimise labour costs for cleaning and maintenance.
The Martin Roll Gen System is designed to create a self-contained mini power station that allows operators to run electrical monitoring systems, safety devices and a variety of other components. Martin Engineering says that the device is considered a ‘significant’ step toward eliminating power production obstacles, as conveyors move into the next generation of ‘smart systems.’
“Running auxiliary power can be both complicated and costly, requiring expensive labour and oversized cables to accommodate the inevitable voltage drop over long runs, as well as transformers, conduit, junction boxes and other components,” said Andrew Timmerman, Product Development Engineer at Martin Engineering. “The entire project has been a success, particularly in how many man-hours we save in maintenance and upkeep. The tensioning system does a great job, and the Roll Gen puts out enough power that we’re considering adding an automated secondary cleaner and a vibrating dribble chute to capture even more carryback.”
Martin Engineering builds products for bulk materials handling. The company has it headquarters in Neponset, Illinois. It has offices in Brazil, China, France, Germany, Indonesia, Mexico, Peru, Russia, South Africa, Turkey, India and the UK.