Changes to board at ARM Cement forced by UK investment firm
Written by Global Cement staffKenya: CDC Group has replaced its board members at ARM Cement Ketso Gordhan and Pepe Meijer with Sofia Bianchi and Rohit Anand. The UK government-backed investment company owns a 41% stake in the company. In addition ARM Cement has appointed Konstantin Makarov as its new executive director, replacing Rick Ashley who resigned in May 2018, and John Maonga as its company secretary. Maonga succeeds Ramesh Vora who resigned in April 2018.
Bianchi worked as head of Special Situations at Blue Crest Capital, a European hedge fund, from 2007 to 2016. She brings experience in investment roles from sectors including mining and telecommunications. Bianchi has an MBA from the Wharton School of Business.
Anand holds over 11 years of experience investing in emerging markets across Asia and Africa. He has invested in sectors across infrastructure, telecoms, manufacturing, logistics and healthcare. He is currently responsible for the Industrial Businesses equity investments team covering manufacturing, real estate and logistics across South Asia and Africa. Prior to joining CDC, Anand worked with IDFC Private Equity in Mumbai where he was part of a team managing around US$1.3bn focused on growth capital investments in infrastructure in India. Anand started his career with Ernst & Young’s corporate finance team in India. He is a CFA charter holder, holds an MBA from the Indian Institute of Management and a Bachelors degree in Electronics and Communication Engineering from the University of Delhi.
Makarov holds over 15 years of experience in the financial markets in general and emerging markets in particular. He is responsible for launch of African practice and oversight of all sub-Saharan African and South East Asian transactions at StratLink Africa. Previously, he was directly responsible for market entry of US and Commonwealth of Independent States (CIS) based companies into sub-Saharan Africa and has been involved in activity focusing on emerging economies in Africa and South East Asia. He holds a Master of Science in Risk Management from Stern School of Business, New York University and Amsterdam Institute of Finance and a Bachelor of Science in Marketing from University of Massachusetts, Amherst.
Maonga, a Certified Public Secretary who is a Member and Fellow of the Institute of Certified Public Secretaries of Kenya, has over 30 years of experience in Company Secretarial and Registration Services.
US: Plibrico has appointed Aaron Ingalls as Territory Manager for the Northeastern section of the US. He is tasked with supporting and developing relationships with a network of partners and Plibrico owned construction operations. He will report to Plibrico’s Vice President of Sales, Norm Phelps.
During Ingalls’ 24-year refractory industry career, he has held various business development and sales management positions at Resco and companies that were acquired by Resco. Most recently he worked for Emerald Refractories, a refractory specialty company in Pennsylvania that he helped to launch in 2014.
US: Simon Shipp has taken over as general manager at Aumund Corporation USA, Aumund Fördertechnik’s subsidiary in the US. Shipp holds over 25 years of experience in mechanical engineering, in particular with conveying equipment for bulk materials. He succeeds Geoffrey Conroy, who has retired after 20 years in the role. Conroy will remain with the business as a consultant.
US: US Cement is in the process of obtaining a draft air permit from the Texas Commission on Environmental Quality to build a white cement plant in Brady, Texas. A public hearing on the application will be made in late June 2018. The subsidiary of Royal White Cement plans to build a single line 0.5Mt/yr white cement plant.
Hungary: Germany’s IKN has provided information on its role with an environmental upgrade to Duna-Dráva Cement’s Vác plant. The Euro22m project was commissioned in April 2018. The 2400t/day clinker production line was modified by IKN to handle a refuse-derived fuel (RDF) substitution rate of up to 100% in the calciner. The two lower cyclone stages were replaced, a complete new preheater tower with the inline calciner was erected, a new bypass system and a new static inlet in the clinker cooler were installed. IKN says that it completed the project in just less than two years on an engineering, procurement, and construction (EPC) basis.
Denmark’s FLSmdith also worked on the project replacing the line’s bag filters with an electrostatic precipitator system. This part of the environmental upgrade cost Euro4.7m.
France: LafargeHolcim France has started the first phase of a Euro100m upgrade project its Martres-Tolosane cement plant. The first phase of civil engineering work has been awarded to Eiffage Génie Civil and it will be carried out until mid-2020. The stage of the project will build the foundations to support a new production line and its preheater tower. The upgrade will also enable the unit to increase its alternative fuel substitution rate to 80% from 30% at present.
Canada/France: Canadian pension companies La Caisse de dépôt et placement du Québec (CDPQ) and the Public Sector Pension Investment Board (PSP) completed their acquisition of a minority stake of France’s Fives in late May 2018. The equipment manufacturer will remain controlled by its management, with Ardian as another minority shareholder. The group said that the new investment would enable it to expand and to explore research and development programs that aim to improve energy efficiency and a lower environmental footprint.
Afghan government cancels contract for Ghori Cement
Afghanistan: The Ministry of Mines and Petroleum has cancelled the Afghan Investment Company’s (AIC) contract to operate Ghori cement factory in Baghlan province. The AIC has been accused of not meeting a contractual obligation to upgrade the plant, according to Salam Watandar radio. Minister Nargis Nehan said that the company has due to invest US$152m in the unit but that it had only spent US$51m on the project. In addition it had acquired an outstanding loan of US$13m from the ministry. Mehmood Karzai, brother of the former president Hamid Karzai, is a shareholder in AIC.
Medcem Çimento obtains ISO certification
Turkey: Medcem Çimento has obtained the ISO 14001-2015 certification for environmental management. The ISO 14000 family of standards provides tools for companies to manage their environmental responsibilities.
Cimencam upgrading Figuil cement plant
Cameroon: Cimencam will spend US$70m to upgrade its integrated plant at Figuil. A new kiln is being built at the plant to meet increased demand from export markets in Chad and the Central African Republic, according to the Cameroon Tribune newspaper. The subsidiary of LafargeHolcim is also building a cement grinding plant at Nomayos.