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Lake Cement to build 1.4Mt/yr plant in Tanzania 28 November 2016
Tanzania: Lake Cement plans to invest US$150m towards building a new 1.4Mt/yr cement plant in Bagamoyo. Construction will start in the middle of 2017 and commissioning is planned for mid-2018, according to the Citizen newspaper. The Indian-owned cement company has operated a 0.5Mt/yr at Kimbiji since 2014. Its Nyati Cement brand is sold locally and exported to Rwanda, Burundi and the Democratic Republic of Congo.
My Home Industries launches new logo 25 November 2016
India: My Home Industries has launched a new logo for its flagship brand Maha Cement. “We have been around for nearly 18 years and our logo for our flagship brand Maha Cement has remained that of an old-style muscle man. But change is always required. The new logo has replaced the muscleman with a modern technician attesting for its quality,” said S Sambasiva Rao, Executive Director of My Home Industries in an interview with the New Indian Express newspaper. The joint venture between India’s My Home Group and Ireland’s CRH is expanding its business and building a 1.2Mt/yr plant at Tuticorin in Tamil Nadu.
Telangana state government signs deal for 2.7Mt of cement 25 November 2016
India: The Telangana state government has signed an agreement with 32 cement companies to procure 2.73Mt of cement to build residential housing. The government plans to build 260,000 double-bedroom houses for disadvantaged residents in the state, according to the Indo-Asian News Service. The Telangana Housing Corporation will implement the scheme.
Birla Corporation sales rise in first half of 2016 25 November 2016
India: Birla Corporation’s sales revenue has risen by 6.2% to US$280m in the first half of its financial year, which ended on 30 September 2016, from US$263m in the same period of 2015. Its net profit more than tripled to US$22.3m from US$7.04m. Sales from its cement division rose by 5.6% to US$256m from US$242m. No comment on the results was given but in August 2016 Birla completed its acquisition of Reliance Infrastructure for US$702m.
US clinker production stagnates in third quarter of 2016 25 November 2016
US: Clinker production has fallen slightly to 20.5Mt in the third quarter of 2016 from 20.6Mt in the same period of 2015 according to preliminary data released by the United States Geological Survey (USGS). Portland and blended cement shipments fell by 3.7% to 26.4Mt from 27.4Mt. However, for the first nine months of the year both clinker production and cement shipments have risen. A full report for September 2016 will be published by the USGS in early December 2016.