Cement News tagged under: Capacity
JK Cement expands capacity to support sales volume30 September 2013, Published under Cement NewsJK Cement is increasing capacity by 3Mta through two split-grinding units of 1.5Mta each in Haryana and Rajasthan in the northern region, lifting its grey cement capacity to 10.5Mta. The projects are expected to be completed by June 2014 and should help in realising higher volumes. At present, 2QFY14 results are expected to be subdued due to lower volumes and cement prices. Grey cement volumes are forecast to decline 10 per cent as the company’s southern plant noted a 30 per cent drop in ... |
Nigeria: CCNN requires NGN45bn for new line23 August 2013, Published under Cement NewsA new 1Mta clinker line together with a coal grinding mill and accessories is likely to cost Cement Company of Northern Nigeria (CCNN) around NGN45bn (US$278m). CCNN intends to add the new kiln line, which will produce its Sokoto brand of cement, to meet rising demand in Nigeria. Demand rose to 18.3Mt last year and since 2005, the cement industry nearly doubled its capacity, according to local newspaper Business Day. The Nigerian market is continuing to grow and producers are still play... |
Dangote cement defers LSE listing22 August 2013, Published under Cement NewsDangote Cement has delayed plans for its listing on the London Stock Exchange (LSE) to 2014. Alhaji Aliko Dangote, chairman of Dangote Group, had announced the company intended to float a 20 per cent stake in Dangote Cement to finance its rapid expansion. Dangote's Vice Chairman, Alhaji Tajudeen A Sijuade, told Citi Business News, the company is on track to meet the stringent corporate governance requirements for a premium listing and is likely to list next year. “Maybe next year we have g... |
Carthage Cement to start production September 201322 August 2013, Published under Cement NewsTunisia's Carthage Cement is expected to produce its first bag of cement on 2 September, according to Riadh Ben Khelifa, managing director of Carthage Cement. The cement plant represents an investment of TND836m (US$510m), of which TND500 as loans by 14 banks. Carthage’s MD added that the company is currently awaiting permission to establish a bag manufacturing plant as well permits to use alternative fuels (RDF) and derive part of its electricity from wind sources. |
Pakistan’s Cherat Cement Co to raise production capacity21 August 2013, Published under Cement NewsCherat Cement Company Ltd (CCCL) of Pakistan plans to increase production capacity at its 2500tpd cement plant, situated 52km from Peshawar near Nowshera in northern Pakistan. The company is expected to hold negotiations with various cement plant suppliers in due course. At present, the works is operating near full capacity and with the expected growth in the domestic cement market, the company’s Board has decided to raise capacity at the works. Furthermore, its strategic location close t... |
China to cut cement overcapacity with new plan20 August 2013, Published under Cement NewsThe Chinese government will soon release guidelines to further tackle industrial overcapacity, according to a report by the Xinhua Economic Information Daily. Xin Renzhou, an official from the Ministry of Industry and Information Technology, said his ministry and the National Development and Reform Commission (NDRC) has finalised details for a plan that will raise technology thresholds on environmental protection and energy saving to limit market access. Enterprises failing to comply with ... |
North Asia: mixed fortunes05 August 2013, Published under Cement NewsA cooling-off in cement consumption growth is giving China, the largest cement producer in North Asia and the world, the chance to reassess its industry structure to ensure a sustainable future. For other markets in the region, a surge in construction investment means growing demand, and new entrants are queuing up for a piece of the action. Private sector development projects are boosting Tokyo’s cement demand North Asian international relations have endured some difficult time... |
Indian capacity expansion rate to slow05 July 2013, Published under Cement NewsFaced with overcapacity, the Indian cement industry is likely to slow expansion with an extra 66Mt expected by 2015-16 amidst an expected surge in demand and price, Care Research said. "Over the past few years, cement industry has witnessed huge capacity addition. The capacity has increased from 219Mt in FY09 to 325Mt in FY13, registering a CAGR of 10.4 per cent," said Care Research, a unit of Care Rating. Given the huge surplus prevailing in the industry, the pace of capacity building w... |
Searching for Mediterranean sun03 July 2013, Published under Cement NewsThe Mediterranean delivered a mixed bag of results in 2012. While southern Europe (France, Greece, Italy and Spain) tightened their belts as the eurozone crisis hit home and recorded an average 21 per cent drop in cement consumption, the Egypt and Levant area fared better. The two heavyweights in the eastern Mediterranean, Egypt and Turkey, noted five and 3.8 per cent demand increases, respectively. The Maghreb countries of Algeria, Libya, Morocco and Tunisia recorded an overall 8.7 per cent... |
Bío Bío and Votorantim to start work on Peruvian plant25 June 2013, Published under Cement NewsAfter two years, Chile’s Cementos Bío Bío and its Brazilian partner Votorantim have successfully obtained all permits to build their first plant in Peru, representing an investment of US$160m. In the past few weeks, the tender details for the equipment needed and the financing arrangement have been worked out. Hernán Briones, president of Bío Bío said funding would come from the cement company’s cash flow and rejected the possibility to emit shares or to realise a raise in capital. Wor... |