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28 March 2018

National Company Law Tribunal asks Binani Cement to consider out-of-court settlement

India: National Company Law Tribunal (NCLT) of Kolkata has asked Binani Cement to consider taking an out-of-court offer between the cement producer and its lenders. The NCLT has asked the committee of creditors (COC) to take up a proposal by Binani Industries, the parent of Binani Cement, to pay off all lenders' dues for 'appropriate consideration', according to the Economic Times. Binani Industries had approached the NCLT, seeking to stop insolvency proceedings after getting a ‘letter of comfort’ from UltraTech Cement, which proposed to pay US$1.11bn to help Binani pay off its debts and buy a 98.43% stake in the company.

The decision appears to pave the way for UltraTech Cement to win the on-going fight for control of Binani Cement. A consortium led by Dalmia Bharat won an auction for Binani Cement with a bid of US$974m in early March 2018. UltraTech Cement then made its direct bid to Binani Cement a few weeks later.

Published in Global Cement News
Tagged under
  • India
  • National Company Law Tribunal
  • Binani Cement
  • Legal
  • UltraTech Cement
  • Dalmia Bharat
  • GCW346
28 March 2018

Kakatiya Cement, Sugar & Industries to re-open cement plant in April 2018

India: Kakatiya Cement, Sugar & Industries plans to reopen its 2.97Mt/yr cement plant at Dondapadu in Telangana following its closure on pollution grounds in October 2017. Following the installation of online SPM stack monitoring equipment and connections to the Central and State Pollution Control Board servers, the company is ‘hopeful’ that the plant will be able to restart operations by the end of April 2018. The cement producer is currently obtaining clearance from the Telangana State Pollution Control Board.

Published in Global Cement News
Tagged under
  • GCW346
  • India
  • Kakatiya Cement, Sugar & Industries
  • Plant
  • Pollution
  • State Pollution Control Board
  • Telangana
  • Emissions
28 March 2018

Bamburi Cement’s results suffer from poor demand in Kenya

Kenya: Bamburi Cement’s turnover fell by 6% year-on-year to US$357m in 2017 from US$380m in 2016. The subsidiary of LafargeHolcim attributed the decline to poor weather, a prolonged election period and lower construction activity, especially in the individual home builder segment, in Kenya. In Uganda it described the market as ‘broadly flat’ for both domestic and export sectors. The cement producer’s profit fell by 66.5% to US$19.6m from US$58.4m.

Chairman John Simba said, “While the 2017 results reflect a mixed performance in a challenging market environment, we remain positive that the market conditions in both countries will continually improve and rebound in line with the projected growth in both domestic and regional markets. The expected commissioning of the new capacity in the second half of 2018 will see the business enhance its market leadership position and underscores our belief in the growth of East African economies, underpinned by a robust construction industry.”

Published in Global Cement News
Tagged under
  • Kenya
  • Bamburi
  • Results
  • LafargeHolcim
  • Uganda
  • GCW346
28 March 2018

Semen Grobogan orders four mills from Gebr. Pfeiffer

Indonesia: Semen Grobogan has ordered two MVR 5000 C-4 mills for cement grinding and one MVR 5000 R-4 for raw material grinding from Germany’s Gebr. Pfeiffer. The package also includes an MPS 3350 BK mill for grinding lignite. The mills will be set up at Grobogan cement plant near Semarang in Central Java.

The cement mills, each featuring a drive power of 4000kW, will be capable of grinding 190t/hr of Ordinary Portland Cement at 3600 Blaine or PPC at 4000 Blaine. In addition, the mills will be suitable for grinding blast-furnace cements. The MVR 5000 R-4 with a drive power of 4300kW is guaranteed to achieve a capacity of 500t/hr of raw meal ground to a fineness of 12% R 90µm. The lignite to be processed has a high feed moisture (37%), which is typical for Indonesia. The inherent moisture content in the lignite is 14%. The MPS 3350 BK with a drive power of 800kW will dry the material to a surface moisture content of 1% while at the same time grinding it at 50t/hr to a fineness of 15-25 % R 90µm. The order also includes a spare parts package for two-year operation.

The order was placed by the Chinese general contractor Nanjing Kisen. Commissioning of the mills is scheduled for the first half of 2019.

Published in Global Cement News
Tagged under
  • Indonesia
  • Semen Grobogan
  • Order
  • Mill
  • Gebr Pfeiffer
  • Plant
  • Upgrade
  • GCW346
27 March 2018

Huaxin Cement grows revenue by 54% to US$3.33bn in 2017

China: Huaxin Cement’s sales revenue grew by 54% year-on-year to US$3.33bn in 2017 from US$2.15bn in 2016. Its net profit more than tripled to US$331m from US$72m. Cement production rose by 33% to 66.1Mt from 50Mt.

In 2017 Huaxin Cement obtained permission for upgrade projects including 3000t/day at Tibet Shannan, 3000t/day at Shigatse, 4000t/day at Yunnan Luquan and 2.85Mt/yr at Huangshi. Work at Tibet Shannan and Shigatse started in 2017. Construction at Yunnan Luquan and Huangshi is due to start in 2018.

The cement producer reported that an unnamed pilot plant was the first to adopt a co-processing rate of 100% of alternative fuels at the ‘head and end’ of the kiln. It also said that all of its domestic cement plants have been licenced for pollution discharge.

Published in Global Cement News
Tagged under
  • China
  • Huaxin Cement
  • Results
  • Upgrade
  • GCW346
27 March 2018

Yanbu Cement signs export deal

Saudi Arabia: Yanbu Cement has signed an agreement to export 1Mt of clinker and 0.5Mt of clinker for one year from 1 April 2018. The arrangement is expected to add around US$27m to the company’s revenue.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Export
  • Yanbu
  • GCW346
27 March 2018

Raysut Cement inaugurates new packing unit at Salalah plant

Oman: Raysut Cement has inaugurated a new packing unit at its Salalah cement plant. The upgrade doubles the plant’s packing capacity. This will allow the cement producer to export an additional 1Mt/yr of bagged cement to markets in Yemen, Somalia and elsewhere in East Africa. The company spent just under US$4m on the project.

Published in Global Cement News
Tagged under
  • Oman
  • Raysut Cement
  • Packing plant
  • Plant
  • GCW346
27 March 2018

Eurocement Ukraine reduces loss in 2017

Ukraine: Eurocement Ukraine has reduced its loss by 14% year-on-year to Euro4.47m in 2017. It nearly doubled its production to 1.12Mt of cement, according to Nezavisimy Stroitelny. Of this total 1.1Mt was shipped to consumers.

Published in Global Cement News
Tagged under
  • Ukraine
  • Eurocement
  • Eurocement Ukraine
  • Results
  • GCW346
27 March 2018

Cement Company of Northern Nigeria sales speed up in 2017

Nigeria: Cement Company of Northern Nigeria’s (CCNN) sales revenue rose by 39% year-on-year to US$54.7m in 2017 from US$39.3m in 2016. Its profit after tax more than doubled to US$9m from US$3.5m, according to This Day newspaper. However, its cost of sales also rose, by 18% to US$33.4m from US$28.3m.

Published in Global Cement News
Tagged under
  • Nigeria
  • Cement Company of Northern Nigeria
  • Results
  • GCW346
27 March 2018

Bedeschi wins innovation award from Smau

Italy: Bedeschi has won an innovation award from Smau. The award was given to the bulk materials handling systems manufacturer for its use of virtual and augmented reality to display its products to customers at trade fairs. Bedeschi has worked with Airlapp to create 3D models and virtual reality simulations to allow it to visualise its models. Together the companies have used a smartphone app, Regiverse, to presents tours of its models that can be used on both Android and Apple iOS platforms.

Published in Global Cement News
Tagged under
  • Italy
  • Bedeschi
  • bulk handling
  • Award
  • exhibition
  • Smau
  • GCW346
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