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Emami Group chooses Arpwood Capital and Credit Suisse to manage sale of cement business 16 July 2019
India: Emami Group has chosen Arpwood Capital and Credit Suisse to manage the sale of its cement business. It is seeking a sale value of around US$1bn according to sources quoted by the Business Standard newspaper. However, the company is still deciding the size of the stake it wants to sell. UltraTech Cement was reported to be in talks to buy a stake in Emami Cement in late June 2019.
Germany/US: Germany’s Baltrader and US-based United Bulk Carriers (UBC) have launched the Cement Carrier Alliance (CCA) to cooperate the marketing of their respective fleets of pneumatic cement carriers. The aim of the deal is to offer a wider range of vessel sizes to existing and new customers while enhancing marketing to current and developing markets. The two companies operate 15 self-discharging cement carriers with a range of 3000 – 15,000DWT vessels.
Both companies will remain independent entities each operating out of their own offices while offering continuity in their customer relationships. CCA will be jointly represented by the UBC office in Philadelphia and the Baltrader office in Hamburg.
Holcim Nederland Bouwmaterialen receives certification from Concrete Sustainability Council 16 July 2019
Netherlands: Holcim Nederland Bouwmaterialen has recevied certification from the Concrete Sustainability Council (CSC) for its five concrete plants. The certification process was handled by Kiwa Netherlands.
Kenya: Savannah Cement is set to complete US$50m upgrade to its grinding plant at Athi River by the end of 2019. It is installing a second 1.2Mt/yr mill at the unit supplied by Denmark’s FLSmidth, according to the Kenya Broadcasting Company. Contractors are also installing belt conveyors, storage silos, a packing plant and dust filters as part of the new vertical roller mill line.
The cement producer made the announcement at an event celebrating its seventh anniversary. The existing mill at Athi River has a production capacity of 1.2Mt/yr.
Nepal: Flooding has damaged the Huaxin Narayani Cement plant being built at Benighat Rorang Rural Municipality in Dhading. Rising water from the Malekhu River caused around US$90,000 damage to the construction site, according to the Himalayan Times newspaper. The deluge wrecked a storeroom and swept away five vehicles. Work on the US$137m project started earlier in 2019.
