Cement News tagged under: New project
West China acquisition of Fuping Cement positive – Moody’s10 May 2012, Published under Cement NewsMoody's commented that West China Cement's (WCC) acquisition of Fuping Cement is credit positive for WCC (Ba3, negative). Fuping Cement owns a 2Mt cement production plant in Zhuangli town in Shaanxiand a 35% interest in Shifeng Cement which has a 2Mt plant in Caocun town, also in Shaanxi. WCC is also still completing the acquisition of a 65% interest in ShifengCement, which began in March 2012. Moody's said the issuance of HK$620m worth of new shares to acquire capacity will enhance its... |
Kercim to begin production in 201310 May 2012, Published under Cement NewsNewly established cement company, Kercim will complete the construction of its plant, in Montoir-de-Bretagne, western France, by the end of this year. Production will start at the beginning of 2013. Kercim has invested EUR44m in the facility has a cement capacity of 600,000tpa. Abstracted from an original article in Les Echos |
Tanzanian Portland cement sees increased demand09 May 2012, Published under Cement NewsTanzania Portland Cement Co (TPCC), a unit of HeidelbergCement, reported a rise in full year 2011 net profit and sees cement demand continuing to rise as it prepares to bring new capacity on-line. TPCC reported net income in the 12 months through to December of TZS50.6bn (US$32m) up from TZS50.2bn. However, higher input costs and issues with electricity supplies hampered the company’s performance. “Higher imports of clinker and frequent breakdowns of machinery resulting from the erratic ... |
Steppe Cement sees continued improvement in Kazakhstan market09 May 2012, Published under Cement NewsKazakhstan-based cement producer Steppe Cement said that in 2011, sales continued to improve on the back of the cement market recovery which commenced in the second half of 2009. I n line with both price and volume increases of 24% and 7% respectively, the company posted net profit of US$3.3m with a higher capacity utilisation rate of 80%. During the year, cement price increases coupled with operational efficiencies more than offset the rising cost of fuel, transportation and especially... |
Semen Bosowa begins construction of East Java plant, Indonesia08 May 2012, Published under Cement NewsPT Semen Bosowa has started the construction of its 1.2Mta cement factory in East Java with a groundbreaking ceremony in the presence of Indonesia’s Industry Minister MS Hidayat , the Jakarta Post reports. This is the company’s third cement plant and will be located in Banyawangi. The company plans to serve the eastern parts of Java in addition to Bali and Nusa Tenggara. “PT Semen Bosowa will have a positive impact on those areas by stabilising cement prices through improvements in the... |
Algeria state-owned production targets08 May 2012, Published under Cement NewsCement production by 12 state-owned cement works under Algeria’s industrial cement group, GICA, is expected to reach 29Mt by 2020, according to the CEO of Centre of Research and Technical Services of Building Material Industry (CETIM). “GICA group’s investment programme in the next eight years worth more than US$4bn is aimed at increasing production capacities of some cement works and building new ones,” Abdennour Adjtoutah said at the sidelines of building fair, BATIMATEC. With the ad... |
RNB capex completed, India07 May 2012, Published under Cement NewsRNB Cements completed its cement manufacturing expansion from 600tpd to 1200tpd at Barapani Industrial Area, district Ri Bhoi, Meghalaya. Civil work and machinery erection have been completed. Pre-commissioning activities are in progress and the project is scheduled for commissioning in May 2012. |
Heidelberg expands capacity, India07 May 2012, Published under Cement NewsHeidelbergCement India is expanding the manufacturing capacity of cement from 0.8Mta to 2.5Mta in Jhansi, Uttar Pradesh. Civil work is nearing completion and the project is scheduled for completion in July 2012. |
Shalivahana to build new 2.6Mta plant, India07 May 2012, Published under Cement NewsShalivahana Cement Industries is planning to build an integrated cement project at Chincholi, district Adilabad, Andhra Pradesh. The project will consist of a 2.6Mta cement manufacturing project and a 60-70 MW coal-based power plant. Work on the project is expected to commence in October 2012 and is planned for completion in 2014. |
India: Malkhed plant receives government approval04 May 2012, Published under Cement NewsThe state government has, in principle, given approval to a proposal by Vasavadatta Cement, owned by Kesoram Industries Ltd, to establish a cement plant with a capacity of 4.5Mta with a provision to establish a 50MW power plant at Malkhed in Sedam taluk of Gulbarga district. Vasavadatta Cement has already established a major cement plant on the outskirts of Sedam town. Now it proposes to invest INR16bn (US$297.2m) to set up its second plant at Malkhed with a promise to generate employment ... |