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Butra HeidelbergCement launches slag cement 12 September 2017
Brunei Darussalam: Butra HeidelbergCement has launched 52.5 Brunei Cement, a new slag cement in its product range. German ambassador Peter Wolff and Legislative Council member YB Ong Tiong Oh attended the launch event.
Fives becomes founding member of the Centre for Technologies, Minerals and Recycled Materials of the Future 12 September 2017
France: Fives Group has revealed its membership of the Centre for Technologies, Minerals and Recycled Materials of the Future, a new association that aims to develop industrial recycling of minerals for the construction and public works sectors. Fives’ Innovation Department and its subsidiary Fives FCB joined Team2 to found the associate in May 2017.
The centre plans to set up a base to coordinate and test by-product valorisation, as well as the use of raw materials recovered from recycling, at a former cement plant owned by EQIOM group in Dannes, Pas-de-Calais. Fives contribution to the research will include its technologies in crushing, grinding, classifying and pyro processing in the minerals industry.
CNBM and Sinoma enter into merger agreement 11 September 2017
China: China National Building Material (CNBM) and China National Materials Company (Sinoma) have entered into a merger agreement. The exchange ratio has been set at 1 Sinoma share to exchange for 0.85 CNBM share. After the merger is completed Sinoma will be absorbed into CNBM. Merger preparations for the two state-owned companies have been on going since mid-2016 when the Assets Supervision and Administration Commission announced the move.
CNBM is the largest cement company in the country with a reported total production capacity of around 409Mt/yr. Sinoma is a cement engineering company and the fourth largest cement producer in China with a total production capacity of approximately 112Mt/yr. The merger is part of the government’s plans to consolidate production domestically and refocus its industries internationally as part of the ‘One Belt, One Road’ initiative.
Dangote linked to PPC bid 11 September 2017
South Africa: Dangote Cement is considering making a bid for PPC. The interest of the Nigerian company could start a bidding contest for the South African cement producer, according to sources quoted by the Cape Times newspaper. Canada’s Fairfax Financial Holdings with AfriSam made an offer for PPC in early September 2017. However, PPC said that the offer was ‘undervalued.’ It also reported to shareholders that it had received two other offers. It is expected to present any offers it has received to shareholders in early October 2017.
Holcim US proposes solar unit for Hagerstown cement plant 11 September 2017
US: Holcim US has proposed a 10MW solar unit for its Hagerstown cement plant in Maryland. NRG Solar Hagerstown, a subsidiary of NRG Energy, will build the array and lease the site for 35 years, according to Herald-Mail Media. The solar unit could meet up to 20% of the plant’s annual power requirements and the project is expected to last for at least 20 years. Construction is scheduled to start in the second quarter of 2018 and it is planned to last up to five months. No value for the project has been disclosed.