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Government to sell shuttered Cement Corporation of India first 16 January 2017
India: The Ministry of Heavy Industries is planning to sell seven non-operational plants of the Cement Corporation of India (CCI) as part of the first phase of a scheme to sell the state-owned cement producer. However, due to on-going legal issues at some of the units the ministry wants to sell them in a piecemeal fashion or even individually, according to the Press Trust of India. The CCI operates 10 units of which seven are non-operational. The federal cabinet of India granted gave in-principle approval for the sale of certain state-owned companies in October 2016.
JSW Cement increases capacity of Bellary grinding plant 16 January 2017
India: JSW Cement has increased the capacity of its Bellary cement grinding plant in Vijay Nagar to 3.4Mt/yr from 1Mt/yr. The cement producer said that the additional capacity would help it strengthen its distribution network throughout south of the country. The chairman and managing director of JSW Group, Shri Sajjan Jindal, and other dignitaries inaugurated the new unit.
Raysut Cement’s revenue falls by 2% to US$240m in 2016 16 January 2017
Oman: Raysut Cement’s revenue has fallen by 2% year-on-year to US$240m in 2016 from US$246m in 2015. Its profit after tax rose by 1% to US$55m from US$54m. Previously the cement producer reported that it had faced ‘severe’ price competition and volatility in the export market.
Schenck Process launches vibration sensing smartphone app 13 January 2017
Germany: Schenck Process has launched a smartphone application (or app) that can measure the performance of vibrating machines. A smartphone running the ‘vibe2know’ app can be inserted into a proprietary mount and attached to the equipment being monitored. The app then immediately measures vibratory amplitude, frequency, oscillating angle and operating speed, and enables the user to visualise the vibrating machine’s motion pattern.
The idea for the app came from a Schenck Process employee in the company’s in-house Research & Development department, which was taken up and implemented by the future lab. Schenck employees around the world were then asked to suggest their ideas for the brand name.
“I am thrilled with vibe2know, it is a good example of how our established development team and future lab complement one another within our company. Our speed in achieving this project and getting a product to market is exactly why we set up our future lab. This sets a great precedent for future projects,” said Andreas Evertz, president and chief executive officer of Schenck Process.
Moroccan cement consumption falls slightly in 2016 13 January 2017
Morocco: Cement consumption has fallen by year-on-year 0.7% to 14.1Mt in 2016 from 14.3Mt in 2015. Data from the Ministry of Housing and Urban Policy shows that particular falls in consumption of nearly 10% were recorded in the Béni Mellal – Khénifra and Drâa – Tafilalet regions. However, the country’s Dakhla - Oued Ed-Dahab region in the south-west reported a 64.3% rise in sales to 63,771t.