Quarry Products

Tunisian cement group Ciment de la Méditerranée (CMG) has received authorisation from the Ministry of Industry to develop a clinker production site with a production capacity of 1 million tonnes/year (1.2 million tonnes of grey cement).

The project will require an investment of US$220 million (€200.4 million), with the production site to be located in El Guettar in the governorate of Gafsa.

The project is set to create 300 jobs directly, as well as 1,000 indirect jobs.

CMG counts Ahmed Bouchamaoui

The finance director of Semen Indonesia (SI), is reported as saying that the state cement company is planning to allocate some US$4.30 billion (€3.88 billion) for its capital expenditures in the next five years.

The allocations are $687.7 million for 2015; $1.28 billion (2016); $1.06 billion (2017); $577.89 million (2018), and US$656 million (2019).

The funding to boost capacity will depend on prevailing market conditions, and the company plans to generate the funding via a combination of bank loans a

Finnish construction and infrastructure company Lemminkäinen's net sales fell to €492.1 million in the second quarter of 2015 from €510.5 million in the second quarter of 2014.

Operating profit was €15.6 million, up from €14.8 million. This represented 3.2% of net sales, compared to 2.9% in the corresponding period in 2014.

In January-June 2015, net sales fell to €781.8 million from €789.8 million in the corresponding period in 2014. Operating loss was €2.4 million, compared to a loss of €2.5 million,

Raumix Aggregates (Raumix) of South Africa has been blocked by the Competition Commission from taking over OMV Group, a producer of aggregates used by road contractors as road stone to manufacture asphalt and concrete.

The Commission said that the transaction could substantially reduce competition in the production of aggregates used to surface roads in the Kimberley area.

Raumix is a subsidiary of Raubex that produces value-added bitumen products as well as resurface, restore and maintain roads.

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