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Votorantim interested in Lafarge Tarmac 02 October 2014
Brazil/UK: Lafarge Tarmac, the UK's largest cement firm, may be bought by the Latin American conglomerate Votorantim. The mooted deal comes as giant cement firms Lafarge of France and Holcim of Switzerland sell off assets as they pursue their merger, announced in April 2014.
Zuari plans new Gulbarga plant 02 October 2014
India: Zuari Cement has announced that it will set up a 3.2Mt/yr cement plant in Gulbarga through its subsidiary Gulbarga Cement Ltd (GCL). The company also plans to set up 50MW captive power plant. The site for the new plant is 28km from Gulbarga city on the Gulbarga–Bangalore highway.
According to Nabil Francis, Managing Director of Zuari Cement, on completion of the project, the company will have a total capacity of 10Mt/yr and will become one of the largest cement manufacturers in South India. "The capacity expansion will strengthen our presence and strengthen our market expansion plans in the southern, western and the north east markets," he said.
The foundation stone for the plant was laid on 30 September 2014 by Francis along with Ramesh Suryanarayana, Director of Business Development, in the presence of Surendra Pattar, Site Manager, and other senior Zuari Cement executives.
Francis said the Gulbarga unit is designed to double its capacity in the future as part of the plans to cater for growing demand in northern Karnataka and neighbouring Maharashtra.
Semen Indonesia seeks loan for Papua plant construction 01 October 2014
Indonesia: Semen Indonesia is seeking US$50 - 70m in bank loans to help finance the construction of a new cement plant in Jayapura, Papua. The company has recently announced its intention to construct the first cement plant in the country's most eastern Province, in order to meet the region's demand potential and to reduce distribution and logistics costs.
"For the Papua plant, we will seek external funds like from loans on top of equity injection," said Semen Indonesia's finance director, Ahyanizzaman.
He said that Semen Indonesia is still looking for suitable land and bank loans are expected to be secured in 2015. Semen Indonesia is completing the feasibility study for the project, which is slated to have a capacity of 0.6 - 1Mt/yr. Construction is anticipated to start in 2015.
Chinese companies to build cement plant in Indonesia 01 October 2014
Indonesia: Two Chinese companies signed an agreement on 25 September 2014 to invest in an Indonesian cement plant as part of investment cooperation measures that were agreed by China and Indonesia in 2013.
State Development and Investment Corp (SDIC) and Anhui Conch Cement Company will fund the project for the plant located in West Papua Province. After the construction is completed, the plant will have 3Mt/yr of production capacity, serving Indonesia and neighbouring countries, including Papua New Guinea. SDIC and Anhui Conch will have stakes of 51% and 49% respectively.
India: Teja Cement is planning a 3Mt/yr limestone mining project in Kadapa, Andhra Pradesh. The limestone will be used for its integrated cement plant, which will be built in the same location. Environmental clearance has been received. The mining project is expected to commence after completion of the civil works of the cement and clinker projects.