Displaying items by tag: Quarry
Cemex agrees final agreement to sell aggregate and ready-mixed concrete assets in Germany
14 May 2019Germany: Cemex has signed the final agreement to sell its aggregates and ready-mix assets in the North and North-West regions of Germany to GP Günter Papenburg AG for around Euro87m. The divestment is expected to close during the second quarter of 2019.
The assets in Germany being divested consist of four aggregates quarries and four ready-mix facilities in North Germany, and nine aggregates quarries and 14 ready-mix facilities in North-West Germany. The proceeds expected to be obtained from this divestment will be used mainly for debt reduction and for general corporate purposes.
Russia: ExxonMobil says it has saved a limestone quarry Euro7900/yr by switching Hitachi excavators to its Mobil DTE 10 Excel46 hydraulic oil. The product extended oil drain intervals by 25% to 5000 hours. It also reduced filter replacements.
“Our field engineering services team worked with the customer to identify the most suitable lubricant. As a result of this, they suggested a switch to Mobil DTE 10 Excel 46 hydraulic oil, which was developed to provide a long oil life and minimise deposit formation, even in hydraulic systems operating in severe conditions,” said Sarp Degirmenci, EAME Offer Advisor at ExxonMobil.
UAE: The shareholders of RAK Cement have approved the conditional of the Newtec cement plant and Al-Banna quarry in Fujairah. The purchase was originally announced in late February 2019. It planned to buy the assets for around US$123m.
Indocement preparing for lower growth in 2019
10 April 2019Indonesia: Indocement is aiming for 4% growth in sales year-on-year to around US$1.12bn in 2019 due to sluggish cement consumption. This compares to 5% growth in revenue in 2018. The subsidiary of Germany’s HeidelbergCement expects demand to increase in the second half of 2019 following elections, according to the Jakarta Post newspaper. It predicts that cement consumption will be driven by government infrastructure projects and the construction of residential projects and buildings. It plans to spend up to US$70m towards setting up a quarry in West Java and completing new cement terminals.
The cement producer is also preparing to increase its thermal substitution rate with alternative fuels like refuse-derived fuel (RDF). This follows a 50% rise in production costs due to coal in 2018. In September 2018 to agreed to buy 500t of RDF from the West Java government.
Germany: Holcim Deutschland’s Kollenbach cement plant in Beckum has commissioned a Zeppelin Cat 6030 FS hydraulic excavator. The machine is 15m long, 7.5m high and it has an engine power of 1500HP. It will mine at least 470t/hr of limestone from the plant’s quarry. The excavator was purchased due to the height and thickness of the marl layers in the deposit. Material from the quarry will then be transported 2.5km by truck to a stationary primary crusher before use at the cement plant.
IME Group to build US$90m cement plant in Nepal
01 April 2019Nepal: IME Group plans to build a US$90m cement plant at Chormara of Nawalparasi. The unit is scheduled to be commissioned in early 2024, according to the Kathmandu Post newspaper. This will follow one year of preliminary work, one year for fund raising and the next two years for construction. The plant will mine limestone from a quarry in the Madanpur and Sisdi Rural Municipalities of Palpa district. The quarry will be 25km from the designated plant site. The mine has 18.7Mt of limestone according to a report by Investment Board Nepal.
UAE: RAK Cement has postponed its acquisition of Newtech cement and the Al banna quarry due to incomplete financing. It previously announced the purchase in late February 2019. It planned to buy the assets for around US$123m.
Spain: LafargeHolcim España says it is considering whether to keep its Sagunto cement plant open due to a dispute with the local government over an expansion to its quarry. The Valencian local government is set to block the plans, according to the Expansión newspaper. The cement producer maintains that preventing the expansion of the quarry will damage the plant’s development in the short to medium term.
RAK Cement buys Newtech plant and quarry for US$123m
26 February 2019UAE: Ras Al Khaimah (RAK) Cement has purchased the Newtech cement plant and the Al Banna quarry from Mohammed Ali Omar Saleh Al Buraiki for around US$123m. RAK Cement operates an integrated plant at Ras Al Khaimah.
Cemex sells assets in the Baltics and Nordic countries
21 February 2019Europe: Cemex has signed a deal to sell its assets in the Baltic and Nordic countries to Germany’s Schwenk for Euro340m. The transaction is expected to complete within the first quarter of 2019, subject to regulatory approval.
The Baltic assets being divested consist of one 1.7Mt/yr integrated cement plant in Broceni, Latvia, as well as four aggregates quarries, two cement quarries, six ready-mix concrete plants, one marine terminal and one land distribution terminal in that country. The assets divested also include Cemex’s approximate 38% indirect interest in a 1.8Mt/yr cement plant in Akmene in Lithuania. In addition, the exports business to Estonia is also included as part of the divestment.
The Nordic assets being divested consist of three import terminals in Finland, four import terminals in Norway and four import terminals in Sweden.