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Gezhouba Shieli invites investors for Kazakh project 11 October 2017
Kazakhstan: Gezhouba Shieli Cement Company LLC is now inviting international banks and financial institutions to support the construction of its planned cement production plant in Kyzylorda region, Kazakhstan, according to Li Jinqing, the company's general manager. Gezhouba Shieli is a thee-party joint venture (JV) between China Gezhouba Group Corporation Limited (CGGC) (50%), China Gezhouba Group Overseas Investment Co., Ltd (20%), a subsidiary of CGGC, and a local cement company (30%).
The cement production line will require a total investment of around US$200m, of which 70% will be funded through bank loans. At present, CGGC is actively in communication with some Chinese banks and financial institutions, including Export-Import Bank of China (EIBC) and China Development Bank Corporation (CDB). The plant is designed to have a production capacity of 2500t/day. It is expected to be operational by the end of 2018.
China Triumph International Engineering Co Ltd (CTIEC) won the engineering, procurement and construction (EPC) contract in April 2017, while its subsidiary Beijing Triumph International Engineering Co., Ltd will take responsibility for design work, according to Qian Yingchun, the project leader at CTIEC. More equipment will be required as construction progresses.
INC sales rise in first nine months 11 October 2017
Paraguay: Industria Nacional del Cemento (INC) sold 9.85 million bags of cement in the first nine months of 2017, representing 74.6% of its total sales in 2016. The aim is to achieve sales of at least 13.5 million bags in 2017, up from 13.2 million bags sold in 2016.
INC’s sales were boosted by a new mill and a new dryer in Villeta. The firm will also be able to use alternative fuels in its kiln from late 2017. The plant will increase its capacity by 45% and will shortly issue a US$500,000 tender for a new cement packing plant at its plant in Villeta to achieve this.
National Committee for Cement Companies says Saudi Arabian market only needs four producers 10 October 2017
Saudi Arabia: Jihad Al Rashid, the head of the Saudi National Committee for Cement Companies, has said that the local market only needs four large cement producers. He added that the industry does not need the 17 cement companies it has at present, according to the Al Eqtisadiah newspaper. The owners and shareholders of these companies are ‘seriously’ considering merger options. Al Rashid also said that the government and consumers would benefit from a consolidated industry.
Libyan Cement Company inspects Benghazi cement plants 10 October 2017
Libya: British consultants on behalf of the Libyan Cement Company have met with the Benghazi Mayor Abdelrahman Al-Abaar in order to help restart two cement plants in Benghazi and Hawari. Work is due to commence on removing land mines from the sites as well as an assessment of damage caused to the units from fighting that took place in 2016, according to the Libya Herald newspaper. The Libyan Cement Company announced that it was going to reopen the plants in May 2017.
Dangote Cement strikes deal with Zambia Railways 10 October 2017
Zambia: Dangote Cement Zambia has contracted Zambia Railways to transport 2000t/month of cement and 500t/month of coal. Zambia Railways is transporting cement from Ndola to Lusaka and coal from Batoka to Ndola on behalf of Dangote Cement, according to the Times of Zambia newspaper. The cement producer operates a 1.5Mt/yr integrated plant in the country with 1200 employees and a fleet of over 500 trucks. It also runs a 30MW coal power plant.