Displaying items by tag: GCW180
Hungary: Lafarge Cement Magyarorszag has inaugurated a Euro2.28m alternative fuel warehouse at its cement plant in Kiralyegyhaza in the south-west of Hungary. The warehouse will store waste rubber and plastic, as well as industrial and farm waste.
Nyumba Cement project granted US$60m loan
05 December 2014DRC: The Nyumba Ya Akiba Cement project in the Democratic Republic of Congo marked a significant milestone on 27 November 2014 with a loan signing of US$135m, making it a strong step towards country's industrialisation through improvement of the cement market. The project will add 1.18Mt/yr of cement capacity to the national market.
The project has attracted financial support from the African Development Bank (AfDB), Eksport Kredit Fonden (EKF, as guarantor to AfDB), the Emerging Africa Infrastructure Fund (EAIF), Habib Bank Limited (HBL, as lead arranger) and the International Finance Corporation (IFC).
Total project costs of US$270m will be funded by the US$135m loans. The AfDB will contribute two tranches of up to US$30m each, with one tranche being fully guaranteed by the Danish Export Credit Agency (EKF).
Nyumba Cement will address the rising cement demand fuelled by infrastructure development and reconstruction needs. The plant will be located in the Songololo, Bas Congo Province, DRC. The limestone and clay quarries are located on the plant site, 250km from Kinshasa. The Matadi port, located 100km from the plant, will allow easy access for importing raw materials and for cement exports to the regional markets.
The project is sponsored by a 50/50 joint venture between Pakistan's Lucky Cement Limited and the DRC's Groupe Rawji. Nyumba Cement will ease the country's dependency on expensive imports, which stand at over 50% of total cement consumption. The Nyumba cement output will target a vast area of the country and stimulate infrastructure development while supporting the local private sector, particularly small and medium enterprises, by promoting the reinforcement of the local supply value chain.
As a cost competitive import substitution project, Nyumba Cement will enhance the efficiency of the domestic markets, boost infrastructure, create jobs and transfer knowledge to the local workforce and is expected to have a significant demonstration effect to attract direct investments to the DRC.
UNICEM orders Loesche Mill type LM70.4+4 with Cope drive
04 December 2014Germany/Nigeria: United Cement Company of Nigeria (UNICEM) has ordered the largest Loesche mill to date, a LM 70.4+4. The new LM 70.4+4 will have an output of 370t/hr at 4,700 Blaine in UNICEM's new line in Calabar, Nigeria. The delivery period is 14 months.
The 4+4 concept follows mill types with 2+2 and 3+3 rollers. The 4+4 grinding concept is intended to allow high throughput capacity or it can run in 2+2 roller operation, generating a mill output of 60%.
Loesche will use the Cope gearbox, which was developed in cooperation with Renk and offers a redundancy of up to eight motors at the motor end. With all eight motors in operation, a capacity totaling 8.8MW is achieved. The new Cope gearbox contributes the feature of working without a variable speed drive and operating with a reduced number of motors
Tokyo Cement to merge with Fuji Cement
04 December 2014Sri Lanka: Fuji Cement, one of the subsidiaries of Tokyo Cement, which functions as independent company, will go for a strategic merger as a single entity with effect from February 2015. Harsha Cabraal has become the new chairman of the company.
After the merger, the new entity will be named Tokyo Cement Company Lanka Plc. For the merger the companies will cancel the status capital and asset and liability of Fuji Cement and are now waiting for the Company Registrar's approval to go ahead with the merger.
Tokyo Cement (Lanka) plc is a Sri Lanka-based company engaged in the manufacturing and selling of cement and ready mixed concrete to the local market. Its product lines include Nippon Ordinary Portland Cement (OPC), Tokyo Super Ordinary Portland Cement, Tokyo Super Portland Pozzolana Cement and Tokyo Super Masonry Cement.
As of 31 March 2012, Tokyo Cement had four subsidiaries, namely Tokyo Super Cement Company Lanka (Pvt) Limited, Fuji Cement Company (Lanka) Limited, which were both engaged in manufacturing and selling cement; Tokyo Cement Power (Lanka) Limited, which was still in gestation stage and Tokyo Cement Colombo Terminal (Pvt) Limited, which was active in the import and distribution of cement.
Saudi City Cement Co to invest US$6.7m in alternative energy project
04 December 2014Saudi Arabia: Saudi cement producer City Cement Company has announced that it intends to invest US$6.7m in an alternative energy project. The Chinese engineering company Sinoma will carry out the project, anticipated to be completed by 30 June 2015. Without providing further details on the nature of the project, City Cement said that it will use its own funds and/or Murabaha financing to fund it.
UNACEM completes Ecuador acquisition
04 December 2014Ecuador/Peru: Peruvian cement producer Union Andina de Cementos (UNACEM) has completed the purchase of Lafarge's cement operations in Ecuador. "We are pleased with the closing of the transaction, which represents an important step in our growth strategy," said Carlos Ugás, managing director of UNACEM. The company closed the acquisition, which was initially announced in May 2014, for approximately US$517m. The deal involves the purchase of a 1.4Mt/yr cement plant located in Otavalo, in the north of Ecuador.