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Germany: Haver & Boecker has successfully completed the first international orders for its new stocking and conveying subsidiary, Haver Intra Logistics Systems (Haver ILS). The subsidiary company, based in Bad Oldesloe in northern Germany, was created earlier in 2013.
Previously Haver produced chain conveyors, roll conveyors, rotary tables, pallet magazines, lifts and other intra-logistical system solutions via Feige Filling, another Haver subsidiary for filling liquid and pasty products. The development, engineering and production areas of all the group members were recently centralised so that the new company could operate as a full-liner within the entire group. The entire conveyor technology for empty and filled package units – including buckets, canisters, drums sacks and empty or full pallets with palletised products – is now supplied by Haver ILS.
Kaluga Cement Plant secures Euro25.2m loan 26 June 2013
Russia: The State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) has agreed with HSBC Bank to extend additional credit facilities worth up to Euro25.2m for the construction of a cement plant in the Kaluga region by the Kaluga Cement Plant company. Credit facilities are to be extended for a total period of up to eight and a half years against insurance coverage of Denmark's Export Insurance Agency, EksportKreditFonden. This project will help to develop production facilities and create new jobs.
Uzbekistan: A new cement plant build in the Jizakh region of Uzbekistan plans to install its mill by early 2013. The plant will have a production capacity of 0.35Mt/yr of white cement and 0.76Mt/yr of grey OPC.
The project was initiated in July 2012 when Almalyk Mining and Metallurgical Complex (AMMC) and Turkey's Dal Teknik Makina signed a contract worth US$114m. Finance came from a US$74.2m loan from the Fund for Reconstruction and Development of Uzbekistan and AMMC contributed of US$40m. In June 2013 Dal Teknik Makina placed an order with Gebr. Pfeiffer SE for a Pfeiffer MPS 3350 B vertical roller mill.
Sinoma subsidiary to acquire Wuhai Xishui Cement 26 June 2013
China: Sinoma has announced that its subsidiary Ningxia Building Materials has agreed to acquire a 55% equity interest in Wuhai Xishui Cement held by Xishui Strong Year for a cash consideration of US$43m. Wuhai Xishui Cement is currently owned by Ningxia Building Materials (45%) and Xishui Strong Year (55%).
Ghorahi Cement launches new Sagarmatha brand 26 June 2013
Nepal: Ghorahi Cement has launched its Sagarmatha brand cement. Director Aditya Sanghai said, "By manufacturing high grade cement in the country, we aim to substitute imports from India and China. Our goal is to substitute imports of cement and clinker worth more than US$100m/yr."