Displaying items by tag: approval

US: The Texas Commission on Environmental Quality (CEQ) has granted permission to Lhoist North America for the installation of a new vertical kiln at its New Braunfels, Texas plant. The company says that the kiln will form the basis for a plant expansion to meet the growing lime demand of the construction and steel sectors.

Lhoist North America chief executive officer (CEO) and president Ron Thompson said, "We are proud that this investment at New Braunfels aligns with our company's commitment to environmentally sustainable growth."

India: Nuvoco Vistas has received approval from the Competition Commission of India for its 100% acquisition of Emami Cement from Emami Group. Reuters has reported that the acquisition, through which Nuvoco Vistas enters the Bihar and Odisha markets, brings its installed cement production capacity to 23.5Mt/yr.

Philippines: LafargeHolcim’s sale of its 86% stake in Holcim Philippines to San Miguel Corporation for US$2.15bn has fallen through after the Philippines Competition Authority (PCC) failed to approve the deal within 12 months of its conclusion. Reuters News has reported that the agreement, dated 10 May 2020, covered the exchange of four integrated plants and one grinding plant. LafargeHolcim has been divesting assets to pay off debt. The sale of its Holcim Philippines stake would have completed its withdrawal from the South-East Asia market, where its operations across Indonesia, Malaysia, Singapore and the Philippines had been valued at US$4.90bn.

LafargeHolcim has said that three of its four integrated Philippines cement plants have been able to resume operations following the lockdown due to the coronavirus outbreak. It says that it will ‘focus on strengthening operations in the Philippines.’

Philippines: Holcim Philippines plans to build a new cement plant in Bulacan province have been approved by the Board of Investments. The 2.5Mt/yr Bulacan Line 3 plant is part of the company US$300m investment drive to increase its production capacity by 30% by 2020, according to the Manila Times newspaper. The approval also grants the projects tax incentives covered by the government’s investment code.

Vietnam: Vietnamese Prime Minister Nguyen Xuan Phuc has allowed Thanh Thang Cement to add two new production lines to its plant at Thanh Nghi in Ha Nam. Lines 4 and 5 will have a combined production capacity of 2.3Mt/yr, according Viet Nam News newspaper. Line 4 is expected to be commissioned in 2022 and line 5 in 2026. The cost of the upgrade has been disclosed.

Nigeria: The Cement Company of Northern Nigeria (CCNN) says it has received formal approval from the Securities Exchange Commission and the Federal High Court for its merger with Kalambaina Cement. It added that the scheme of the merger was effective from 24 December 2018. New CCNN shares have been issued to and allotted to Kalambaina Cement’s shareholders at an agreed ratio.

Oman: The board of directors of Oman Cement has agreed to move ahead with the construction of an integrated cement plant at Duqum. The unit will have a clinker production capacity of 5000t/day and an expected investment of US$212m. The project is being financed by the company and its shareholders. Previously the project was linked to Raysut Cement as a joint venture run under the Al Wusta Cement brand.

Brazil: Brazil's antitrust watchdog Cade has approved a joint-venture between Votorantim Cimentos, Tigre Participações and Gerdau Aços Longos for a construction materials products loyalty scheme. The initiative will be called Juntos Somos Mais. Votorantim Cimentos will hold a 45% share of the scheme. The civil construction materials company Tigre and Gerdau Aços Longos, the steel division of the Gerdau, will hold a 27.5% share each.

Cade said that the companies will remain operationally and commercially independent in their main activities, so that the only common ground between them will be the functioning of the coalition's loyalty program. Other companies in the construction industry will be able to join the program as partners.

India: The Competition Commission of India (CCI) has approved UltraTech Cement’s acquisition of Century Textiles & Industries. UltraTech Cement said that the CCI had approved the proposed combination under sub-section (1) of section 31 of the Competition Act, 2012. Century Textiles, the cement production subsidiary of BK Birla Group, holds three integrated plants in Madhya Pradesh, Chhattisgarh and Maharashtra respectively with a combined production capacity of 11.4Mt/yr and a 1Mt/yr grinding plant in West Bengal. The takeover has been arranged via a demerger process whereby Century Textiles’ shareholders will be given shares in UltraTech Cement.

India: The Ministry of Environment, Forest and Climate Change has awarded terms of reference for Shree Cement's proposed plant at Bhuj in Gujarat. The proposed 3.5Mt/yr integrated plant project will include a waste heat recovery unit, a captive power plant, a synthetic gypsum unit and a railway terminal. The unit will be built near Maldo, Lakhpat tehsil in Kachchh district. Limestone for the plant will come from a quarry adjacent to the proposed site.