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The latest cement news



China drags on global cement consumption growth

China will drag down average cement consumption growth over the next five years, as the country continues to battle overcapacity, counterbalancing a rosier outlook elsewhere.

 
 

Vikram plant wins water management award

UltraTech’s Vikram cement plant was won a National Award for Excellence in Water Management 2017 from the Confederation of Indian Industry.


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Doubt looms over AfriSam’s PPC offer

Shareholder opposition may scupper the PPC-AfriSam tie up, the PPC chairman has admitted. Speaking to local media, Peter Nelson said that a “number of shareholders” have indicated their concerns.

 

CeramTec acquired by Consortium

CeramTec has announced that a Consortium led by Funds advised by leading private equity firm BC Partners has reached an agreement to acquire CeramTec Group.

 
 
 
 
 
 
 

Change in CFO at LafargeHolcim

Just over a month since Jan Jenisch took over as CEO of LafargeHolcim, the company has announced a change in Chief Financial Officer.

 
 
 
 
 
 

Summit announces leadership change

Douglas Ruah will leave Summit Materials at the end of the year. Ruah has served as Executive Vice President and COO since 2013.

 
 

 

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New bulk terminal inaugurated in Pakistan

Pakistan’s Prime Minister Shahid Khaqan Abbasi inaugurated the country’s first bulk cargo terminal earlier this month. The Pakistan International Bulk Terminal (PIBT) at Port Qasim was officially at a ceremony on 13 October, following the completion of commissioning earlier this year.

The new bulk terminal will handle coal, clinker and cement. Constructed at a cost of US$285 million, the terminal handled its first coal cargo back in May.

Equipped with two coal unloaders, the terminal will help feed Pakistan’s developing coal-fired power fleet. In May, Reuters reported that Chinese companies were expected to build close to a dozen coal-fired plants around the country at a cost of around US$15 billion.

The terminal is also equipped with a cement/clinker shiploader that will allow faster exports of the building material.

Built under a 30 year Built-Operate-Transfer agreement with the Port Qasim Authority, the PIBT has the capacity to handle up to 12 million tpy a year and has storage of 62 acres. Equipped with state-of-the-art mechanization and full automation, the terminal drastically reduces current loading/unloading times at Qasim.

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