LafargeHolcim in Spain eyes €300mn turnover
Cement manufacturer LafargeHolcim expects around €300 million in its annual turnover in Spain, where it has over 10million tonnes of annual cement production capacity.
It operates a waste treatment plant, five terminals, 13 quarries, 40 mortar plants and five cement grinding plants in Spain.
CI Regio, Slovakia, to invest €9.54mn in technologies
CI Regio, owned by a Slovak entrepreneur Miroslav Remeta, is planning to invest €9.54 million (US$ 10.33 million) in technologies for processing of concrete steel used in concrete-steel structures.
S-Production of Slovakia has been awarded the contract for the supply of these technologies for the company in Presov.
Russia: TDS to buy LSR's concrete plants in Moscow and St Petersburg
The Titan Demontazh Stroy company (TDS), affiliated with a major St Petersburg's holding company Titan, has bought seven concrete plants in St Petersburg and four in Moscow from the LSR group.
Experts estimate the cost of transaction at RUB 1.5 billion (€24.33 million/US$ 26.35 million). The transaction will be closed after approval of the Federal Antimonopoly Service scheduled for August 2015.
According to the representatives of TDS, the plants' purchase is a part of the high-technology concrete prod
Lafarge's $400mn power plant to start in October 2015
Lafarge Africa (Lafarge)'s newly-built US$400 million (€369.29 million) power plant in Ogun State in Nigeria is likely to start operation in October 2015.
The 220MW power plant would benefit 1.4 million households and help mitigate energy problems of many companies in the country.
The project was carried out in collaboration with Wartsila and the International Finance Corporation (IFC), according to Guillaume Roux, CEO of Lafarge Nigeria.
The financial and advisory services for the plant would be
Aggregate Industries, UK, adds cement to product range
Aggregate Industries has expanded its offering to include cement.
Parent company LafargeHolcim has transferred two cement plants in County Staffordshire, England, and Northern Ireland to the business.
The move follows the sale of Lafarge's Tarmac business to Irish rival CRH as part of its merger with Holcim.
Summit Materials’ aquisitions from Lafarge
US-based construction materials company, Summit Materials, has concluded a US$450 million (€411.46 million) purchase of seven terminals by the Mississippi River Valley as well as a cement plant located in Davenport, Iowa.
The assets were acquired from Lafarge North America.
For the acquisition, $350 million (€320 million) in cash, which Summit Materials secured via a senior note offering in July 2015, as well as other funds from its credit line expansion was used.
As part of the transaction, Summit
Basel's Russian plants produce over 1 million tonnes of cement/clinker
The BaselCement holding company's plants in Russia produced over 1 million tonnes of cement and clinker in January-June of 2015, 4% up year-on-year.
The Serebryansky cement plant produced almost 650,000tonnes of cement, and its share in the Moscow region's market increased by 3% to 9%.
The Achinsky Cement Company, which accounts for 10% in the market of the Siberian federal district, doubled the high-grade cement (PC 500-D0 and CEM I 42,5B) delivery volume to 64,000tonnes.
The products are made usi
Suez Cement posts 57.26% net profit drop in Q2
For its second quarter (Q2) of 2015, Suez Cement's net profit declined 57.26% year-on-year to EGP 60.9 million (€7.18 million/US$ 7.77 million) from EGP 142.5 million.
During the quarter under review, the company's revenue fell 15% when compared to Q2 of the previous year.
Suez Cement's Q2 performance was attributed to the company's process of diversifying its energy sources to reduce shortages that affected the company's profits negatively.
JP Morgan disposes 4.83 million shares in China’s Anhui Conch Cement
A total of 4.83 million shares in Anhui Conch Cement have been disposed of by JP Morgan, which is Anhui Conch Cement's substantial shareholder, at an average price of HKD 26.59 (€3.17/US$ 3.43) each, according to information released by the Hong Kong Stock Exchange.
JP Morgan bagged HKD 128.43 million via the disposal and reduced its shareholding in Anhui Conch Cement to 13.98%, which is equivalent to 181.77 million shares in the latter.
India’s Binani Cement gets INR 30bn loan
A banking source reported that lenders to Binani Cement in India have restructured INR 30 billion (€436.28 million/US$ 472.55 million) of loans, and added an INR 3 billion term loan.
The Joint Lenders' Forum (JLF) has also approved an INR 1.92 billion working capital limit for the company.
The Central Bank of India leads the 18-bank term loan and the 14-bank consortium on the working capital.
Binani Cement posted an INR 1.97 billion loss in the 2014 fiscal, compared to an INR 1.2 billion profit t
Vietnam: PM’s go-ahead for limestone mines for cement project
Work at eight limestone mines in Vietnam's northern province of Ha Nam for the Thanh Thang Cement Project received the approval of Prime Minister Nguyen Tan Dung.
The project has a capacity of producing 2.3 million tonnes/year.
The eight mines are in various communes in Thanh Liem District, with areas ranging between 46.6hectares and 151.3hectares, and their operationwill start in 2018.
Philippines' Aboitiz to invest US$531m in cement venture
Aboitiz Equity Ventures says it will invest US$531 million in the cement business after formalising a deal with Irish cement maker CRH to buy the Philippine assets of Lafarge, reports Reuters.
The announcement came around two months after cement companies Holcim and Lafarge, which have agreed to merge, said CRH would buy some of their assets for $7.12 billion.
In May, Aboitiz said it was looking to partner with CRH to buy Lafarge's assets in the Philippines as the local power-to-banking conglomerate s
Russia: Eurocement Group to buy trucks from KamAZ
The Eurocement Group has signed an agreement with KamAZ for the purchase of about 300 LNG-powered dump trucks and 400 LNG-powered tractor units within the next three years. Experts say that the deal could have amounted to about RUB 2 billion (€32.44 million/US$ 35.13 million).
Cemex Q2 2015 sales rise 5% to US$3.8bn
Mexican cement giant Cemex’s consolidated net sales reached US$3.8 billion during the second quarter of 2015, a like-for-like increase of 5% on the same period of 2014. Operating EBITDA increased by 1% during the quarter to US$744 million.
Cemex says the increase in consolidated net sales on a like-to-like basis was due to higher prices in its products, in local currency terms, in most of its operations, as well as improved volumes in most of its products in Mexico, the US, and its Northern Europe and As
Case adds Coates to UK dealer network
Case Construction Equipment has expanded its dealer network in the UK with the appointment of Robert Coates Plant Sales, who will cover Counties Cheshire, England, and Denbighshire, Wales.
Based in Talke, near Newcastle-under-Lyme, County Staffordshire, England, Coates will offer the full range of Case machines from mini to heavy-line. This sales offer will be backed by a dedicated support and maintenance service.
This latest announcement comes hard on the heels of expansion in the Midlands of Englan
Eriez strengthens its engineering team
Eriez has appointed Glenn Kiernan to the position of engineering manager at its European headquarters near Caerphilly in South Wales, UK.
He joins Eriez Europe with extensive design, R&D and manufacturing experience, gained in the mining, plastic and engineering industries.
In past roles, he has been involved in many aspects of business from designing and machining, research and procurement, to project management and operations, providing the solid, well-rounded skills required for the engineering manager
Metso-Siemens partnership continues to grow
Metso has strengthened its work with Siemens on a significant number of materials handling projects in China.
These include three recent projects for Metso USA with an overall value of more than US$5 million 9(€7 million).
One project is in Tanghai County, and two are at the Caofeidian and Jinzhou port terminals.
Terex Minerals Processing Systems appoint new dealer for NZ
As part of its expanding business strategy for global distribution, Terex Minerals Processing Systems has appointed Rocktec as the new distributor for New Zealand.
“We are delighted to welcome Rocktec to our global dealer network. This is a great opportunity for us to work with this highly experienced business to expand and strengthen our foothold in New Zealand as a crushing and screening solutions provider,” says Simon Croker, global director, Terex Minerals Processing Systems.
“We are sure that th
British Aggregates Association defends cartel-busting concrete trucks
The advent of volumetric concrete trucks, which are in effect self-contained mobile batching plants, has transformed the ready-mixed industry. They can match deliveries to the amount required and avoid returned material penalties. They can also perform multiple deliveries and keep construction teams working effectively with concrete on demand. In addition, they provide a valuable service to the DIY market, especially at weekends when the large suppliers are often closed.
Because volumetrics are classed
Volvo CE’s improved revenues and profits in Q2 2015
Volvo Construction Equipment Q2 2015 revenues rose by 5% and profitability by 80% compared to the same period of 2014, despite significant declines in major markets.
Favourable currency developments and product mix, combined with ongoing efficiency measures have helped bolster the manufacturing giant’s second quarter 2015 financial results, with the company posting a 5% improvement in sales and its best profit margin for three years. This was despite continued strong economic headwinds in many of its pri