Displaying items by tag: Plant

Indonesia: LafargeHolcim has signed an agreement with Semen Indonesia to sell its 80.6% share of Holcim Indonesia for US$1.75bn. The assets to be sold to Semen Indonesia include the entirety of LafargeHolcim’s operations in Indonesia, which consists of four cement plants, 33 ready-mix plants and two aggregate quarries. LafargeHolcim says it decided to divest Holcim Indonesia as part of the on-going portfolio review. Closing of the transaction is subject to customary regulatory approvals.

“As part of our Strategy 2022 – ‘Building for Growth’ we have committed to divestments of at least Euro1.8bn. Today’s announcement is an important milestone in reaching our target and to increase our financial strength,” said Jan Jenisch, chief executive officer (CEO) of LafargeHolcim.

Russia: Mosstroytrans and China’s Inner Mongolia Mengxi Cement have signed an agreement to build a 0.5Mt/yr cement plant at Krasnokamensk in Transbaikal. The deal was signed at the China International Import Expo in Shanghai, according to the Business World Agency. The project dates back to 2014, when China’s Beijing Triumph International Engineering conducted a feasibility study at the site. In 2016 the regional government declared the project a regional priority.

Mosstroytrans is a diversified company that was established in 2010. At present, it is running a number of construction projects in the Nenets Autonomous District. Inner Mongolia Mengxi Cement is based in the Inner Mongolia Autonomous Region of China. It operates cement plants with a total production capacity of 16Mt/yr.

India: Industries minister of Himachal Pradesh Vikram Sing has blamed poor road networks for the state government’s failure to find investors for a proposed cement plant project at Sikridhar in the Chamba district. The ministry is now proposing that the state build a road to the project site as an incentive, according to the Times of India newspaper. The local government received no bids for the project in the latest round of bidding.

Pakistan: The Supreme Court has restrained the Punjab Anti-Corruption Department from launching criminal proceedings against the heads of DG Khan and Bestway Cement. The decision was made following a review petition filed by DG Khan Cement, according to the Statesman newspaper. It follows an investigation initiated by the Supreme Court to look into the setting up of cement plants in the Potohar region. The probe alleges government and corporate corruption.

Pakistan: The Environmental Protection Agency (EPA) has shut one of Kohat Cement’s production lines for emitting too much dust, following local complaints. The EPA visited the company’s plant and found that Line A at the unit was emitting particulate matter ‘much’ above legal limits, according to the Balochistan Times. The other two lines at the plant were unaffected.

Uzbekistan: Representatives of Uzpromstroybank and Industrial and Commercial Bank of China (UCBC) have met to discuss investment projects in the country to boost local industrial capacity. Proposals included expanding the production capacity of Kuvasoycement’s Kuvasay plant and the construction of a new cement plant, Yaypancement, according to the Trend News Agency.

Poland: LafargeHolcim Poland has invested Euro2.5m towards setting up an automated laboratory in a new building at its Kujawy cement plant. The laboratory will be used to test and analyse the quality of raw meal, clinker and cement every hour over a 24 hour period. Results are then fed back to the control room to allow for production line modifications.

The new facticity was constructed and commissioned in less than 10 months, covering all sampling points. Setup included installing pneumatic conveyors to connect sample points to the laboratory. The longest was 0.5km.

Argentina: Loma Negra’s net revenue grew by 42.3% year-on-year to US$435m in the first nine months of 2018 from US$305m in the same period in 2017. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 46.5% to US$113m from US$77.3m. Overall, its cement masonry and lime sales volumes remained stable at 5.1Mt but sales in Paraguay fell by 4.2% to 0.42Mt. Sales volumes fell in both Argentina and Paraguay in the third quarter of 2018.

Sergio Faifman, Loma Negra’s chief executive officer (CEO), said, “Our core Argentine Cement business, delivered both revenue growth and adjusted EBITDA margin expansion notwithstanding the challenging macro backdrop in the country in which our volume declined at a mid single-digit pace year-on-year in line with overall industry performance.”

The subsidiary of Brazil’s InterCement said that it is moving ahead with building a new US$350m production line at its L’Amalí plant. The new line will have a clinker production capacity of 5800t/day. The project is being built by China’s Sinoma International Engineering and it is expected to be completed by early 2020. Main equipment is expected to arrive at the site by the end of 2018 and the steel structure is under construction.

Cambodia: The four local cement plants produced 3.67Mt of cement in the first nine months of 2018. The Ministry of Industry and Handicraft said that two more plants will open by December 2018, according to the Phnom Penh Post newspaper. Kampot Cement produced 2.21Mt, Cambodia Cement Chakrey produced 1.22Mt, Chip Mong Insee Cement produced 0.12mt and Battambang Conch Cement produced 0.11Mt. The new plants to be opened are Southern Cement (Cambodia) and Thai Boon Rong (Cement).

Nigeria: BUA Group has completed an upgrade at its Obu plant at Okpella in Edo State. The new 3Mt/yr production line has increased the plant’s production capacity to 6Mt/yr, according to the Punch newspaper. The completed project follows the inauguration of the company’s new 1.5Mt/yr production line at its Kalambaina cement plant in Sokoto State.