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Algeria to stop cement imports in 2018 20 September 2017
Algeria: Mohamed Benmeradi, the minister of commerce, says that Algeria will stop importing cement in 2018. He stated on national radio that the country is producing enough cement and is now considering exports, according to the Liberté Algerie newspaper. The government is amending the import licence system to encourage local growth.
Vissai Cement launches BillerudKorsnäs bag line 20 September 2017
Vietnam: Vissai Cement has launched QuickFill Clean (QFC) cement paper bags at its Vissai Ninh Bình cement plant. The bags are produced by Sweden’s BillerudKorsnäs. Vissai and BillerudKorsnäs signed a letter of intent about the packaging in April 2017, according to the Viet Nam News newspaper. Under the agreement, Vissai will become the only company to use BillerudKorsnäs cement packaging in Vietnam for a period of two years.
Siwertell receives repeat order for road-mobile ship unloader 20 September 2017
Sweden: Siwertell, part of Cargotec, has received a repeat order from an undisclosed client in the Middle East for a road-mobile ship unloader. The 10 000 S trailer-based, diesel-powered unit has been ordered in response to an expansion in white and grey cement operations.
Four killed in explosion at Rohri Cement plant 20 September 2017
Pakistan: At least four people have been killed at the Rohri Cement plant in Sindh whilst deactivating explosives. The fatalities included two law enforcement officers, a member of the bomb disposal squad and a worker, according to the Express Tribune newspaper. At least eight other people were also injured in the blast.
The police say that the victims were attempting to defuse around 2000kg of explosive material when it detonated accidentally. The explosives, designated for use in the plant’s quarry, had been dumped near the plant by its previous management.
Four bidders shortlisted for purchase of Halla Cement 19 September 2017
South Korea: Four companies have been shortlisted to buy a full stake in Halla Cement. Asia Cement, Sungshin Cement, Aju Corporation and LK Investment Partners are all contenders for the sale, according to sources quoted by the Maeil Business Newspaper. Six investors submitted preliminary bids for the cement producer and Halla Cement’s largest shareholder Baring Private Equity Asia and its sales advisor Citigroup Global Market Securities Korea chose the final selection.
The shortlisted companies will have up to six weeks to conduct due diligence procedures before submitting final bids in early November 2017. The seller intends to pick a final bidder by mid-November 2017.
Baring Private Equity Asia and Glenwood Private Equity bought Lafarge Halla Cement from LafargeHolcim in mid-2016 for Euro427m.