Displaying items by tag: GCW352

Brazil: Mineração Belocal, a subsidiary of Belgium’s Lhoist, has purchased L-Imerys, a lime producer that operates a plant at Doresópolis in Minas Gerais. L-Imerys is a subsidiary of France’s Imerys, according to the Diário do Comércio newspaper. The 0.4Mt/yr lime plant was inaugurated in 2013. The sales is depending on approval by the relevant competition bodies. No value for the acquisition has been disclosed.

Finland: Cargotec has signed an agreement with JCE Invest to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture will own Siwertell and Bruks Holding. Cargotec will own 48% of the shares in Bruks Siwertell Group and JCE Invest will own the remaining share.

"This joint venture supports Cargotec's strategy to focus on container ports, heavy industrial segment and logistics. Siwertell's business is outside these core focus areas, with different customers, customer locations and limited synergies with the rest of our businesses. By joining forces with JCE Group, we are able to create a company that will be a significant player in the bulk material handling with a globally competitive and specialised product portfolio," said Antti Kaunonen, president of Kalmar, part of the Cargotec group.

Siwertell is a supplier of ship unloaders, road-mobile unloaders, port-mobile unloaders, ship loaders, mechanical and pneumatic conveying systems, and bulk terminal solutions. Bruks specialises in mechanical-engineering and equipment supply for the bulk materials handling industries.

Switzerland: LafargeHolcim has blamed falling earnings in the first quarter of 2018 on poor weather in North America and Europe. Its recurring earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 7.7% on a like-for-like basis year-on-year to Euro587m from Euro678m in the same period in 2017. Its net sales rose by 3.1% to Euro4.89bn and its cement sales volumes rose by 3.2% to 47.7Mt on a like-for-like basis.

By region cement sales volumes fell on a like-for-like basis in Europe, Middle East Africa and North America. LafargeHolcim said that cement volumes were down slightly in its Middle East Africa region due to a mixed outlook in the region with ‘challenging’ conditions in key markets. In Asia Pacific it said that China and India drove its growth in sales and profits but that there was continued pressure in South East Asia.

“Though the quarter was affected by several headwinds, we expect the strength of our portfolio and the benefits of our new strategy to become increasingly visible over the full year. That makes us confident we will deliver on our 2018 targets,” said Jan Jenisch, Group Chief Executive Officer of LafargeHolcim. He added that the group was conducting its Strategy 2022 reorganisation plan.

India: Sanghi Industries has received environment clearance for an upgrade to its cement plant at Sanghipuram, Kutch district in Gujarat. The unit’s clinker production capacity is being raised to 7.5Mt/yr from 3.5Mt/yr, according to the Times of India newspaper. Its cement production capacity is being increased to 8.6Mt/yr from 4Mt/yr. The US$194m project also involves building a cement grinding plant at Surat. The project is expected to be completed in 2020.

India: Police have raided a factory near Cuttack, Odisha that has allegedly been selling repackaged cement. The unit purchased the franchise of a well-known cement brand and then used cement from damaged bags of the consignment to prepare unapproved mixtures, according to Odisha TV. The cement was then repackaged and supplied along with the original cement packets.

Up to 7500 fake cement bags, 300 bags of different cement brands and machinery was seized during the raid. The owner of the factory, Lalit Kumar Jain, was also arrested. He has disputed the allegations.

Bahrain: The United Cement Company (UCC) has resumed importing cement from Saudi Arabia to Bahrain. UCC chief executive Faisal Shehab said that since the Saudi government lifted cement tariffs in February 2018 it had imported up to 60,000t of cement, according to the Gulf Daily news newspaper. Shehab estimated that his company supplies 70% of the construction market in Bahrain.

Imports from Saudi Arabia were disrupted when the Saudi government allowed cement to be exported to other countries in March 2017. However, new tariffs were introduced at the same time. Following the opening of exports the price rose and Bahrain was forced to source cement from other countries including the UAE. Previously, Bahrain had exclusive access to imports of cement from Saudi Arabia.

Saudi Arabia: Southern Province Cement’s sales fell by 9.6% year-on-year to US$73m in the first quarter of 2018 from US$80.8m in the same period in 2017. Its net profit fell by 2.9% to US$27.2m from US$28m. It blamed the falling sales and profit on decreased demand.

Spain: The Port of Alicante is undergoing a Euro3m upgrade to build a new dock that can support larger vessels. Once completed the upgrade will allow ships with a length of up to 240m to dock, according to the Diario Informacion newspaper. Previously the port could only support ships of up to 165m. The site processes large volumes of cement and clinker and dust mitigation measures are also being installed.

Philippines: Austria’s Starlinger has installed its 300th conversion line for Ad*Star bags at Sakomoto International Packaging’s plant in Caloocan City near Manila. The ad*starKON line was delivered as part of two sack conversion lines for the client. Sakomoto International Packaging supplies the local cement industry with Ad*Star sacks made of polypropylene fabric.

South Korea: Tongyang Networks plans to sell its stake in Sampyo Cement for US$12.7m, according to Reuters. The sale covers 3,000,000 shares. Tongyang Cement & Energy changed its name to Sampyo Cement in 2017 following its purchase by Sampyo Corporation in 2015.