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Entreprise des Ciments et Dérivés d’El Chellif to open new production line in June 2018 23 January 2018
Algeria: Entreprise des Ciments et Dérivés d’El Chellif (ECDE) plans to open a new 2Mt/yr production line at its plant in Chlef in June 2018. The project covers an area of 15ha and has been presented as a new cement plant, according to the El Watan newspaper. Overall the new line will increase the plants production capacity to 4Mt/yr. The company plans to increase its exports to make a return on its investment.
Tunisia: Ciments de Bizerte’s cement and lime deliveries rose by 3% year-on-year to 0.63Mt in 2017 from 0.61Mt in 2016. Overall the cement producer’s turnover increased by 3.74%, according to African Manager. It reported a total turnover of US$25m in 2016. Upgrade work to the plant’s wharf is expected to increase exports in 2018 as well as receives petcoke supplies.
UK: Fairport Engineering has been awarded a corporate social responsibility rating. The accreditation provides a measure of the engineering company’s corporate citizenship and its business practices. In the cement sector Fairport offers a number of systems including materials handling, bulk raw material intake and processing to clinker grinding, and blending, cement storage, packing and palletising.
Democratic Republic of Congo: South Africa’s PPC has agreed with its lenders to reschedule debts from the construction of a cement plant in Democratic Republic of Congo (DRC). The cement producer said that the total capital requirements for the DRC plant will now be limited to interest payments from January 2018 until January 2020, according to Reuters. The debt renegotiation has included an extension of the repayment period by an additional two years and a change to the interest rate.
PPC Barnet DRC is 69% owned by PPC, 21% owned by Barnet Group and the remaining 10% is owned by the International Finance Corporation (IFC). The plant is 60% debt funded by the IFC and Eastern and Southern African Trade and Development Bank.
Jaiprakash Associates narrows net loss in third quarter 22 January 2018
India: Jaiprakash Associates has narrowed its loss to US$23m in the third quarter of its financial year from US$171m in the same period in 2016. Despite this its income fell by 30% year-on-year to US$178m from US$258m, according to the Press Trust of India. The company has sold its assets, including a large number cement plants to UltraTech Cement, to reduce debt.