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Investigators question Lafarge Syria workers 21 September 2017
France: French investigators have interviewed three former Lafarge Syria workers as part of an inquiry in to the company’s conduct in Syria. A computer worker, an engineer and packing line worker at one of the company’s cement plants travelled from Syria to be questioned, according to the Agence France Presse. The trio are the first witnesses to be called by the judicial inquiry that started in June 2017. It is investigating whether the subsidiary of Lafarge indirectly paid armed groups, including the ‘Islamic State’ group, to keep its plant during the Syrian Civil War.
AfriSam describes offer to PPC as ‘fair’ 21 September 2017
South Africa: AfriSam has described its offer with Fairfax Financial Holdings to buy a stake in PPC for US$154m as ‘fair.’ In a questions and answer statement on its website it commented that the “…Partial Offer and Merger reflect the fair and relative value of PPC and AfriSam based on the unaffected market price for PPC shares and other valuation benchmarks.” PPC described the offer to its shareholders as low and has confirmed that it has been in communication with other potential bidders, including Nigeria’s Dangote Cement.
Aalborg Portland inaugurates terminal at Rochefort 21 September 2017
France: Denmark’s Aalborg Portland has inaugurated its terminal at Rochefort. The Atlantic port terminal is intended to supply the west of France, according to the Sud-Ouest newspaper. The terminal has a capacity of 4900t and it has been operational since May 2017.
DG Khan Cement’s annual profit falls by 6.3% to US$74.5m 21 September 2017
Pakistan: DG Khan Cement’s profit after taxation has fallen by 6.3% year-on-year to US$74.5m in the financial year that ended on 30 June 2017 from US$79.5m in the same period in 2016. It blamed the decline on its expensive coal inventory, higher power costs and low prices, according to the News International newspaper. Despite this its sales revenue rose slightly to US$308m.
Christian Pfeiffer runs training seminar 21 September 2017
Germany: Christian Pfeiffer has run a training seminar for cement plant workers at its headquarters in Beckum. Over the four-day course attendees learned about developments in grinding and separation technologies and different grinding techniques. The seminar also included a visit to a cement grinding mill at the Wotan cement plant in Üxheim-Ahütte. Christian Pfeiffer supplied and put this unit into operation in 2010.