Displaying items by tag: Deal

Turkey: Sormas Refrakter has agreed to sell 85% of its shares to RHI Magnesita for Euro38.8m. The Turkey-based refractory manufacturer has a production capacity of 60,000t/yr. The companies expect to conclude the deal in the first half of 2022

RHI Magnesita said "With an enlarged product portfolio, further potential exists from this opportunity to deliver full-line service solutions to customers in Turkey.”

Kenya: National Cement has awarded a contract to Sinoma International Engineering for the construction of power plants with a total capacity of 35MW. Gelonghui News has reported that the supplier will provide a biomass-fuelled power plant and waste heat recovery (WHR) plant with a combined capacity of 10MW and a further 25MW power station. It previously delivered a WHR system for the producer in 2019.

India: Shree Cement has hired FLSmidth to supply a 11,5000t/day kiln line for its planned Nawalgarh, Rajasthan, cement plant. The line will consist of a six-stage preheater and a three-support kiln. The supplier will also deliver an OK vertical roller mill, which it says has a 5 – 10% lower energy consumption than a standard vertical roller mill. The project focuses on sustainable productivity and emissions control. Shree Cement has opted for JetFlex burners to give the lowest possible nitrous oxide emissions for various fuel types.

Shree Cement managing director Prashant Bangur said “Based on the experience of working with FLSmidth on the installation of a 9,000t/day pyro system at the Raipur, Chhattisgarh, cement plant earlier this year, we felt confident about approaching Carsten Riisberg Lund and his team regarding the Rajasthan project.” He added “Being recognised as a Sustainability Champion by the World Economic Forum is a testament of our emphasis on sustainability at every stage of our operations. The new line will push that agenda even further in terms of lowering the benchmarks on energy consumption and emissions, and thereby reducing our environmental footprint.”

FLSmidth also supplied a second OK mill for Shree Cement’s operations in Kolkata, West Bengal.

Chile: Unacem has completed its acquisition of Spain-based Cementos La Unión’s Chilean cement business. The value of the asset, including assumed debts, was US$23m. The business consists of the 0.3t/yr San Antonio grinding plant and two ready-mix concrete plants with a total capacity of 336,000m2/yr.

US: The US Department of Energy has selected Central Plains Cement to receive US$5m-worth of funding to realise its plans for a cryogenic carbon capture (CCC) installation at its Sugar Creek, Missouri, cement plant. Contify Energy News has reported that the system will initially have a capacity of 30t/day of CO₂, with a view to eventually capturing 95% of the plant’s flue gas’ CO₂ content. The Eagle Materials subsidiary will receive US$5m in funding from the US Department of Energy for the project. The sum is part of a raft of a total US$45m-worth of grants to help towards decarbonising heavy industry and natural gas power. Chart Industries will carry out the work.

Chart Industries CEO and President Jill Evanko said that the company’s CCC model increases cement production costs by just 24%, compared to 38% - 130% for other types of system. She added “We are delighted that public and private entities recognise Chart as a leader in carbon capture technologies and products; we view this award as well as our third quarter 2021 commercial activity as meaningful steps and accelerators toward capturing - pun intended - a significant share of our anticipated US$6bn total addressable market for carbon and direct air capture in 2030.”

The St Louis Post newspaper has reported that Holcim US’s Ste-Genevieve, Missouri, cement plant is also among facilities chosen to receive funding for carbon capture and storage (CCS) installations.

Oman: Oman Cement Company will spend US$300m on the new 10,000t/day Line 4 as part of the upcoming upgrade and expansion of its Rusayl cement plant in Muscat governorate. The Oman Observer newspaper has reported that Switzerland-based PEG Resources will carry out the work. Oman Cement Company CEO Salem bin Abdullah al Hajri said that the new line will help Oman to achieve cement self-sufficiency by 2024.

The company said “The new 10,000t/day production line will be the largest in Oman and will have more cost-effective production, for the company to sustain its success and competitiveness in the local and international cement markets in a long run.” It added “The company will focus on utilising state-of-the-art production technology resulting in lower power consumption, potential for waste heat recovery (WHR), higher fuel efficiency, realisable use of alternative fuels (AF), improved productivity and the best environmental standards.”

Oman Cement Company is also expanding the Rusayl plant’s Line 3 by 25% to 5000t/day from 4000t/day, prior to decommissioning its other two lines.

Bangladesh: Seven Rings Cement has secured a contract for the supply of cement to the site of the upcoming Sylhet Osmani Internation Airport in Sylhet. Chief marketing officer Gautam Chatterjee signed the contract with Beijing Urban Construction Group on behalf of the company.

Seven Rings Cement is currently also supplying cement for the new Hazrat Shahjalal International Airport Terminal 3 in Dhaka.

France: France-based Saint-Gobain has acquired Chryso from financier Cinven for Euro1.02bn. The Le Moniteur newspaper has reported that the group will operationally integrate Chryso into its high performance solutions division. It said that it intends to develop Chryso in markets already served by Saint-Gobain, and to accelerate cross-selling between Weber and Chryso.

CEO Benoit Bazin said "Chryso strengthens us significantly in the growing construction chemicals market, in which we have made 10 acquisitions and opened 16 plants in 18 countries over the past three years to now exceed more than Euro3bn in turnover in 66 countries.”

Brazil: CSN Cimentos is reviewing alternative options to raise funds to pay for its acquisition of LafargeHolcim Brasil’s cement assets after cancelling its planned initial public offering (IPO). The O Estado de São Paulo newspaper has reported that the producer abandoned the planned IPO of US$500m – US$1bn-worth of shares due to stock market turbulence. The value of the deal was US$4bn.

Benelux: Belgium-based building supplies chain EcoBati has signed a distribution agreement with France-based Hoffmann Green Cement Technologies. The producer will supply its H-Iona clinker-free cement for EcoBati to sell online and in its shops in Belgium, Luxembourg and the Netherlands.

Hoffmann Green Cement Technologies owners Julien Blanchard and David Hoffmann said "Signing a distribution agreement with an international specialist in ecological materials shows the competitive edge and relevance of our H-Iona cement within the context of the fight against global warming. We are therefore delighted with the signing of this partnership that allows us to benefit from the EcoBati network’s strategic retail outlets and provide a response to the exponential demand for sustainable cement. We intend to sign more such partnerships in the future in order to spread our responsible vision of the construction sector and contribute to the environmental transition."