Cement News tagged under: New project
Baker and McKenzie advises Najran Cement Co, Saudi Arabia13 June 2012, Published under Cement NewsBaker and McKenzie advised Najran Cement Company (NCC) on its initial public offering of 85,000,000 shares at SAR10 a share (IPO), representing 50% of its share capital at an aggregate offer price of SR850,000,000. Najran Cement was established in 2005 and has a cement capacity of 9000tpd. At present, the plant consists of two production lines and one grinding unit. To capitalise on expected domestic market development, plans to expand its clinker capacity by 7000tpd with a new third line. ... |
Cemena outlines Falcon expansion plans, Bahrain12 June 2012, Published under Cement NewsCemena Holding Company, plans to increase capacity of its Falcon Cement Company (FCC) plant, the Bahrain-based firm has announced. Cemena, which was set up in 2008 by Gulf Finance House, told shareholders at the company's annual general meeting that it plans to raise capacity at FCC to 3500tpd in the future. The expansion of FCC will help the company meet Bahrain's growing demand for cement with the increasing number of infrastructure projects, Gulf Daily News reports. FCC was establis... |
Aditya Birla to invest INR57.5bn in cement expansion, India08 June 2012, Published under Cement NewsIndian conglomerate Aditya Birla group plans to invest about INR70bn (US$1.3bn) on setting up new facilities and expanding the capacity of existing units in the southern state of Karnataka, Chairman Kumar Mangalam Birla said on Thursday. Reuters reports that the group plans to invest INR57.5bn rupees in new cement facilities and about INR11.6bn in expanding its metal and chemical plants in the state. The invesments will be made over the next three years and are in addition to about INR60bn... |
Aditya Birla plans Karnataka cement plant, India07 June 2012, Published under Cement NewsAditya Birla group Chairman Kumar Mangalam Birla said the group is planning to set up a 4Mta cement plant in Karnataka plant at an investment of INR27.50bn. Mr Birla said he expects the plant to start operations in the next two years. |
Birla Corp eyes cement plant construction in Ethiopia07 June 2012, Published under Cement NewsBirla Corp plans to set up a cement plant in Ethiopia following the establishment of a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the sub-Saharan African country. “We plan to go there for exploration of mainly limestone, for setting up a cement plant. We would also explore opportunities of setting up power plants there,” said a Birla Corp official, speaking to Daily News & Analysis India. Birla Corp had previously tried to enter the east African country in 2010 by ... |
Dangote Cameroon plant to proceed, Cameroon07 June 2012, Published under Cement NewsDangote Cement Plc is being granted permission by the government of Cameroon to build a factory in the port city of Douala after a dispute over land was resolved, Bloomberg reports. A ban on use of the land was lifted on May 28 and the Nigerian company was granted a construction permit on June 4, Government Delegate to the Douala City Council Fritz Ntone Ntone said in a statement handed to reporters yesterday in Yaounde, the capital. Work has already begun on the site and the project is ex... |
Al Khaij Cement Co to raise cement production07 June 2012, Published under Cement NewsThe board of directors of Qatar's diversified holding Qatari Investors Group has approved a project to boost the production capacity of affiliate Al Khalij Cement Co to 14,000tpd, Qatari Investors Group said in a bourse filing yesterday. The project is to be completed by the end of 2014. (Source: SeeNews Middle East & Africa). |
Dangote Cement new Zambia plant facing delays31 May 2012, Published under Cement NewsConstruction of Dangote Cement’s US$500m cement plant in Masaiti District, Zambia, has suffered a setback following delays by the government in issuing a mining license. Speaking to the Times of Zambia, Dangote Industries general manager Viveka Heblikar said his company had submitted all the documentation and was only waiting to be granted the mining licence. As a result, the company cannot undertake any mining activity in the area. But Mines Minister Christopher Yaluma said the issua... |
ASEC Cement completes Zahana overhaul in Algeria25 May 2012, Published under Cement NewsCitadel Capital announced today that a key subsidiary of portfolio company ASEC Cement has completed a significant overhaul. “Zahana Cement Company, our key Algerian subsidiary, has just concluded the largest overhaul in the plant’s long history,” noted ASEC Cement CEO Giorgio Bodo. “This substantial intervention will lead to a 20% year-on-year increase in the production of both clinker and cement. Moreover, the deployment of new bag filters as part of the upgrade has dramatically lessened... |
Sino-Zimbabwe pursues Masvingo project25 May 2012, Published under Cement NewsSino-Zimbabwe has begun feasibility studies to establish the extent of limestone deposits in the Nyanda Mountains on the outskirts of Masvingo, Zimbabwe, where the company wants to build a plant. The Herald reported that the Chinese company announced plans last year to establish Zimbabwe's fourth cement plant in Masvingo after finding limestone deposits in the Nyanda Mountains. Now the newspaper states that Masvingo town clerk Mr Adolph Gusha revealed yesterday that the Chinese firm wa... |