Displaying items by tag: Relocation

US: Cemex USA has sold its headquarters in West Palm Beach, Florida for US$13.4m. The South Florida Business Journal newspaper has reported that the company will vacate the property in early 2022. It will relocate to a nearby smaller office. Cemex USA has occupied its current headquarters since 1983. According to sources quoted by the newspaper, it no longer requires the 20,000m² space due to increased rates of remote working by staff.

France: Ciments Calcia says that it will move into its new headquarters in La Défense, Hauts-de-Seine department, in early 2022. The Les Echos newspaper has reported that the Covid-19 pandemic previously delayed the move, which the company announced in late 2019. It will leave ‘part of its services’ at its existing Guerville, Yvelines department. Some staff will work at the new headquarters ‘two or three days a week’ due to the benefits of remote working.

China: Jiangxi Wannianqing Cement’s net profit in 2019 was US$197m, representing a 20% year-on-year increase from US$164m. Reuters has reported that on 15 November 2019 Jiangxi Wannianqing Cement paid US$82.6m for a lease and limestone exploration rights for land in De’an County, Jiangxi Province, previously held by Fushan Cement. On 25 June 2019 the company received US$23.3m in government compensation for the relocation of its Wannian cement plant.

Colombia: Switzerland-based construction materials producer Sika has invested an undisclosed sum in relocating production from a concrete admixture and mortar plant in Colombia to a larger facility in Barranquilla. Sika Americas regional manager Christopher Ganz said, “Our latest investment in Barranquilla will help us capture the potential of the dynamic construction market in the Caribbean region. Our aim is to grow more quickly than the construction market in this region.” The market grew by 15% in 2019.

Sika also manufactures building products for the Colombian market at facilities in Bogotá, Medellín and Duitama.

China: Three cement plants in Dali, Yunnan province with a combined capacity of 5.0Mt/yr and belonging to Dali Cement (Group), Dali Hongshan Yunnan Cement and Hongta Dianxi Cement have ceased all functions except the packaging of existing cement in order to stop polluting the area of Erhai Lake. The shutdown was mandated by the City of Dali and Dali Economic Development Zone authorities in mid-2017. Xinhua Net newspaper has reported that the removal of kilns is underway and that demolition on all three sites will have been completed by 31 May 2020. The companies will be permitted to construct plants of corresponding capacities at allotted sites elsewhere.

Nigeria: According to This Day Life, United Cement Company of Nigeria Limited (UniCem) has denied claims that it was making plans to relocate from Calabar, the Cross River State capital, to Lagos.

UniCem debunked the claims following a publication made by the Cross River State-owned Weekend Chronicle to the effect that the alleged planned relocation had caused internal crisis in the company. However, UniCem has reacted to the speculated relocation plan through a press statement and said that there was no truth in the report.

"United Cement Company of Nigeria Limited (UniCem) has declared as false a publication on the front page of the Weekend Chronicle of 19 June 2015 with the caption 'Crisis rocks UniCem over relocation plan,'" said the statement, which was signed by UniCem's corporate affairs director Ayi Ita Ayi. Ayi said that, "The report is false, misleading and lacking in truth." He added that UniCem operates in Calabar and will never be relocated to Lagos for any reason. He questioned why anyone would contemplate that UniCem, with such a huge investment in Cross River, would relocate its assets to Lagos and expressed surprise over why, a reputable media organisation such as the Nigerian Chronicle, did not cross-check facts before going to press on such a sensitive issue.