ARM Cement extends offer deadline to mid-March
Kenya: ARM Cement has extended its bidding period to mid-march 2019 following requests by potential buyers. Administrator PricewaterhouseCoopers (PwC), which took over the cement producer in August 2018, originally set the deadline to the end of February 2019, according to the Business Daily newspaper. Bidders have asked for a longer period to complete due diligence tests and decide what they think the value of the company is.
14 companies have already made non-binding bids for the cement producer. These will later be shortlisted before a winning bidder is selected. No bidders have publicly been announced but Nigeria’s Dangote Cement and Oman’s Raysut Cement are believed to be interested, according to local media.
Electricity supply disrupted ahead of commissioning of Nomayos grinding plant in Cameroon
Cameroon: The electricity supply in parts of central and southern Cameroon has been disrupted whilst a substation at Nomayos near Yaoundé is connected to the main network. The disruption is necessary ahead of the commissioning of Cimencam’s Nomayos cement grinding plant, which is scheduled for the first quarter of 2019, according to Business in Cameroon. The new plant will have a production capacity of 0.5Mt/yr. It has an investment of around US$40m.
Sweden: Cementa says that it plans to stop production of cement and clinker at its Degerhamn cement plant at the end of April 2019. The subsidiary of Germany’s HeidelbergCement said that it made the decision due to low profitability at the site and tightening environmental regulations.
The unit will continue to be used as a terminal and port operations will carry on at the site. Microcement will also continue to be made at the plant. The site’s quarry permit will be withdrawn but Cementa will continue to own the land and it will be gradually be restored. Six staff members will work at the site and a new site manager, Tommy Pettersson, has been appointed.
US: Cemex USA has unveiled a new train at its Victorville cement plant in California. The train was built by Knoxville Locomotive Works it comes with an MTU-4000 Series engine. It will be used to transport clinker at the plant. The engine has been selected to meet US Environmental Protection Agency (EPA) and California Air Resources Board Tier 4 Emissions requirements. A portion of the cost of the new train was covered by a federal grant secured with the assistance of the Mojave Desert Air Quality Management District.
US: Lehigh Cement’s Mitchell plant in Indiana has won a 2019 Governor’s Workplace Safety Award for innovations as a medium-sized company. The awards are issued by the Indiana Department of Labor.
The subsidiary of Germany’s HeidelbergCement recorded no lost-time accidents in 2018 and the plant has not had a lost-time accident since September 2015, according to the Herald Times newspaper. The company uses a Safety Action Plan with specific targets that focus on areas of significant risk, including critical risk management and zero fatalities. It also runs weekly safety conversations between employees to raise health and safety issues with management.
China: Anhui Conch’s Jining Conch subsidiary has signed a contract worth US$23m with Conch Design Institute for selective catalytic reduction (SCR) units. Conch Design Institute will supply SCR denitration technology to Jining Conch including engineering design, equipment supply, construction and installation, engineering supervision and project management. The project is expected to be completed by the end of June 2019.
US: Mitsubishi Cement’s Lucerne Valley plant in California has received a US$0.32m grant for emission-reducing equipment from the Mojave Desert Air Quality Management District. The grant has been used to buy a new 2018 Viking Trackmobli diesel mobile railcar mover at the site to replace two older pieces of equipment. The railcar mover was purchased with grant funds through AB 2766, which authorises air districts to impose a US$4 vehicle registration fee to meet the requirements of the California Clean Air Act.
City Cement’s grows net profit in 2018
Saudi Arabia: City Cement’s net profit after Zakat and tax grew by 19% year-on-year to US$29.6m in 2018 from US$24.9m in 2017. It attributed the result to operational efficiency and a settlement it reached in late 2018 with China’s Sinoma International about the construction of a second production line. The cement producer’s sales fell by 36% to US$92m from US$143m due to low demand for cement and local competition.
Arabian Cement’s sales and profit fall in 2018
Saudi Arabia: Arabian Cement’s net sales fell by 34% year-on-year to US$160m in 2018 from US$241m in 2017. Its profit decreased by 89% to US$10.1m from US$93.2m. It blamed the fall in sales and profit on poor demand, increased competition, decreasing sales volumes and lowering prices.
Aïn El-Kebira Cement Company wins Algerian Quality Award
Algeria: Aïn El-Kebira Cement Company has won the Algerian Quality Award for 2018. The government-issued award includes a prize of around Euro15,000, a trophy and a diploma of honour. The 1Mt/yr integrated cement plant is part of GICA Group, according to the El Moudjahid newspaper. The unit plans to start producing oil well cement in 2019. GICA Group exported 0.2Mt/yr of cement in 2018 and it plans to increase this to 0.8Mt/yr in 2019.