Displaying items by tag: Deal

Paraguay: Industria Nacional del Cemento (INC) has signed an agreement with the Ministerio de Urbanismo, Vivienda y Hábitat (MUVH), the government body responsible for commissioning residential home construction, for preferential cement prices for companies to which the latter awards building contracts. INC president Ernesto Benítez Petters said “Cooperation with the MUVH will strengthen the consumption of cement produced in Paraguay by ensuring it a price and the provision of demand from this type of project.”

India: UltraTech Cement is in talks to buy a stake in Emami Cement for up to U$800m. Sources quoted by the Economic Times newspaper say that UltraTech Cement is working with private equity companies, including KKR and Temasek Holdings, on the potential deal. Emami Group is reportedly still deciding whether to sell its entire cement business, a stake or selected assets.

Emami Cement operates a 2.5Mt/yr integrated plant at Risda in Chhattisgarh and a 2.5Mt/yr grinding plant at Panagarh in West Bengal. It acquired a 0.6Mt/yr grinding plant at Bhabua, Bihar in September 2018. In addition, the firm has mining assets in Guntur in Andhra Pradesh and near Jaipur in Rajasthan. Its main markets are in West Bengal, Chhattisgarh, Odisha, Jharkhand, Bihar, Maharashtra and Madhya Pradesh. It markets its products under the Double Bull brand.

Argentina: Loma Negra has signed an agreement with the Asociación Obrera Minera Argentina (AOMA) union and the government to keep the Barker cement plant open. The deal follows three months of negotiations, according to La Nacion newspaper. The cement producer wanted to reduce the number of shifts at the grinding plant. It previously said it had started to close the plant in early-June 2019. The plant will continue to operate with 160 staff working a reduced workload amongst other concessions.

Australia: Adelaide Brighton has signed a deal with Oz Minerals to continue supplying cement to the Oz Minerals Prominent Hill Operation. It will last five years with options to extend. In addition to the supply of cement, Adelaide Brighton will also supply aggregate and sand from its Sellicks Hill Quarry and its Price sand operation, as well as auxiliary logistics services.

China: Tianrui Cement has entered into a clinker supply deal with Ruiping Shilong. It will buy clinker from Ruiping Shilong from 1 April 2019 until 31 December 2021. The price and quantity will be set following negotiations, although a cap of around US$74m/yr has been set. Tianrui Cement’s chairman and his wife hold a significant minority share in Ruiping Shilonga.

Kuwait: Saudi Arabia’s Qassim Cement has signed a contract with the Al-Aradah Building Materials Company to export cement to Kuwait. It has agreed to transport 120,000t of cement until the end of 2019. The financial impact of the deal will be disclosed in the cement producer’s financial results later in the year.

Qatar: Al Khalij Cement has signed a three-year deal to supply oil well cement to Qatar Petroleum. The agreement was signed by Qatar Petroleum’s Executive Vice President Projects, Engineering & Procurement Services Mohamed Al Marri and Qatari Investors Group chief executive officer (CEO) Raja Assili, according to the Qatar News Agency and the Peninsula newspaper. It was announced at the launch of Qatar Petroleum’s Tawteen program.

“We are delighted to have been selected by Qatar Petroleum for the supply of oil well cement. This represents an endorsement of the high quality standards of our production facility,” said Abdulla Bin Nasser Al Misnad, the chairman of Qatari Investors Group. Al Khalij Cement is a subsidiary of Qatari Investors Group.

Qatar: Qatar National Cement Company has signed a memorandum of understanding with Qatar Company to export clinker and cement. After the completion of its 5000t/day Plant 5 the cement producer said it was considering targeting countries like Yemen and Iraq.

Spain: Cemex has signed a Euro117m deal with the local government to convert the land used by the Gádor cement plant in Almeria for use by new projects. These will include projects in solar and wind power generation, waste fuel production from plastics and biomass and a new concrete batching plant, according to Teleprensa. The initiative is intended to create around 400 jobs.

The cement producer has also signed a similar agreement for its Lloseta in Baleares. The company announced in mid-October 2018 that it was planning to close the two plants due to reduced demand for cement and mounting European CO₂ emissions regulations.

US/Europe: US refractory manufacturer Plibrico has entered into a distribution partnership with the Pli Group Europe, a refractory distributor contractor based in Vienna, Austria. Under the new alliance, Pli Group Europe will provide full-service distribution of Plibrico’s Plico brand refractories in Austria, France, Germany, Switzerland, Italy, Hungary, Czech Republic, Slovakia, Slovenia, Croatia, Serbia and Bulgaria, with immediate effect.

“Adding Pli Group Europe to our ranks of Pli Partners allows Plibrico to reinforce its expertise, enhance its service offering and strengthen the value chain offered to customers throughout Europe,” said Brad Taylor, president and chief executive officer (CEO) of Plibrico.