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Mongolia: The second-stage clinker line of a 1Mt/yr project being delivered by China Triumph International Engineering was successfully ignited in early June 2016. The cement plant will now start regular production. The project is part of the Belt and Road initiative and ‘Going Global’ strategy of China’s building materials industry.
India: Malabar Cements will restart operations at its Cherthala cement grinding plant following approval from the Kerala High Court. The cement producer says its has been granted permission to produce Portland Pozzolana Cement (PPC) using clinker, gypsum and fly ash at the plant. Previously the Bureau of Indian Standards objected to the cement producer manufacturing PPC.
India: Sagar Cements has received approval to buy a cement grinding plant in Bayyavaram, Andhra Pradesh owned by Toshali Cements for US$8.9m. The sale is expected to be completed by 30 September 2016 subject to obtaining due diligence and other approvals.
Following the acquisition, Sagar Cements intends to increase the grinding plant’s production capacity to 3Mt/yr with an investment of up to US$0.89m. The new unit will enable Sagar Cements to reduce its logistical costs and introduce slag cement to markets in Visakhapatnam, Vizianagaram, Srikakulam and parts of Orissa.
Kazakhstan: Chinese investors have proposed to build a 075Mt/yr cement plant in the Kyzylorda region of Kazakhstan. The proposal was revealed as part of 13 memoranda of cooperation worth US$451m signed between the Governor’s Office of Kyzylorda region and the People's Government of Jiangxi Province, China.
Eurocement to use CNBM investment to cut debt 01 July 2016
Russia: Eurocement Group plans to use part of the funds raised from China National Building Materials Group Corporation (CNBM) to reduce its debts. The cement producer told Interfax that, although negotiations are on going, it wants to use some of the funds raised through the Chinese company’s participation in its capital to restructure current debt. It will also use the funding to invest in new ‘high-return’ areas.
Eurocement signed a partnership agreement with CNBM on 25 June 2016 during Russian president Vladimir Putin's visit to China. CNBM plans to develop its business in the construction materials market in Russia and the CIS, including by acquiring an equity stake in Eurocement Group. The total investment could be as high as US$5bn.