Displaying items by tag: Terminal

Canada: McInnis Cement has closed a US$380m refinancing deal. US$230m will be provided by an increase McInnis Cement’s senior loan from a syndicate of 11 Canadian and international banks and the remaining US$150m comes in the form of a loan by the Caisse de dépôt et placement du Québec (CDPQ) and Beaudier. This refinancing also makes it possible to repay a bridge loan granted by BlackRock in 2016.

The cement producer also provided details on various projects it is undertaking. Two new cement silos will be built at the company’s integrated cement plant at Port-Daniel–Gascons. Nearly 200 workers will be mobilized on the site during the peak construction period of the two silos, during the autumn of 2019.

Its Bronx Terminal in New York, US has doubled its loading capacity for customers. A second truck-loading lane is now fully operational. A new 40,000t warehouse is currently under construction at its Providence Terminal in Rhode Island, US bringing the total storage capacity to 75,000t. A new truck-loading lane will also be added and commissioned in time for the 2020 spring construction season. McInnis Cement has also confirmed the charter of the NACC New Yorker, a 24,000t self-unloading vessel, in conjunction with Nova Marina Carriers. It will join other vessels in its fleet including the NACC Quebec (14,000t), the Cielo di Gaspesie (35,000t) and the Resolute unloading barge.

US: Companies comprising the informal Port of Alaska Users Group at Anchorage have requested that the local government delay plans for a US$220m petroleum and cement import terminal. The group, that includes fuel companies, are concerned that the project will incur tariffs that could damage their businesses, according to the Alaska Journal of Commerce newspaper. Costs for the proposed marine terminal have become uncertain due to damage caused to the site by an earthquake in late 2018. The group is made up of eight companies including Alaska Basic Industries, a cement distributor.

Australia: Southern Cross Cement, a joint venture between Brickworks, Neilsen Group and Neumann Group, is planning to open a 0.2Mt/yr terminal by October 2019. The US$60m unit will import cement from south east Asia, according to the CourierMail newspaper. It is anticipated to supply 10% of Queensland market. A 12,000t/day mechanical ship unloader will be installed at the site.

Brazil: InterCement is to stop production at its integrated Pedro Leopoldo plant in Minas Gerais. It plans to temporarily run the unit as a cement terminal, according to Por Dentro De Tudo. The plant has 53 employees. 28 will be relocated to other plants in the company and the remaining 25 will be made redundant.

Nigeria: Dangote Cement plans to open terminals at Lagos and Port Harcourt to export clinker to its grinding plants in West Africa. Chairman Aliko Dangote made the announcement at the company’s annual general meeting, according to the Punch newspaper. At present it exports 1Mt/yr, although it could export up to 8Mt/yr to generate up to US$700m in revenue. Group chief executive officer (CEO) Joseph Makoju it is a ‘major priority’ for Dangote Cement to replace non-African imports in Cameroon, increase foreign revenue and raise the capacity utilisation of its Nigerian plants.

Japan: Sumitomo Osaka Cement has commissioned a new 6000t silo at its Shimizu termimal in Shizuoka. Following the upgrade, the unit now has three silos. The new silo will be used to support infrastructure projects, including expansions to the Shinkansen high-speed railway network.

US: Sesco Cement plans to build a new white cement terminal at Gibsonton in Florida. The unit will have a ship and railway links, according to the Tampa Bay Business Journal newspaper. The project will have an investment of US$19m. Construction is expected to take 18 months at the site. Based in Texas the company has links to the Royal El Minya white cement plant in Egypt via Sesco Group.

India: The Container Corporation of India (CONCOR) plans to invest around US$140m towards developing dry ports and related infrastructure as well as buying more railway wagons. The government-controlled organisation, under the remit of the Ministry of Railways, intends to target the cement industry, according to the New Indian Express newspaper. V Kalyana Rama, the chairman and managing director of CONCOR, said that the company wants to increase transportation of bulk cement in the country to reduce inefficiencies.

US: Charah Solutions has opened a terminal for fly ash in Hopedale, Massachusetts. The unit has railway access and is connected to local road networks. It is intended to serve customers in New England.

Charah Solutions says that the terminal will increase the availability of fly ash from its MultiSource materials network locations in the South, New England, the Midwest, the Rocky Mountains and California. These locations supply Class C and Class F fly ash for ready mix concrete producers and other customers.

Indonesia: 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.