Cement News tagged under: New project
FLSmidth wins large cement order in the Middle East01 May 2012, Published under Cement NewsFLSmidth has signed a contract worth approximately EUR85m with an undisclosed company in the Middle East to supply a complete 6000tpd cement production line. The contract comprises complete equipment supplies and includes a combined limestone and clay crusher, a gypsum crusher, a circular stacker and reclaimer store, a stacker and side scraper store for additives, an ATOX vertical raw mill, a CF silo, a double string preheater tower, a ROTAX kiln, an FLSmidth® Cross-Bar cooler, an OK mill ... |
Eurocement places order with KHD for new plant, Russia01 May 2012, Published under Cement NewsLeading Russian cement producer Eurocement has placed an order for more than €80m with KHD for a new cement plant to be built in Stavropol, Russia. The contract between Stavropolsky Zavod Stroitelnih Materialov, a member of the Eurocement group, and ZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, is for a new cement plant with an output of 1.3Mta. KHD’s scope will cover the EP supply of production equipment, starting from raw material crushing all th... |
Lafarge to set up two cement plants in Algeria – report30 April 2012, Published under Cement NewsLafarge will build two cement plants in Algeria in partnership with local private group Sagremac. Thanks to the two projects, the French company will be able to boost its positions on the Algerian market. The first cement plant will be built in Biskra, in the south-eastern part of Algeria, for US$400m, while the second unit will be located near Constantine, in eastern Algeria. The investment in the second facility is also US$400m. Abstracted from an original article in La Tribune. |
Lucky Cement to construct Iraq grinding plant27 April 2012, Published under Cement NewsPakistan’s Lucky Cement is to construct a 0.87Mt grinding plant in Iraq through a joint venture, according to reports by the Associated Press of Pakistan. The company is to invest US$15m in the cement plant which is estimated to cost US$30m. The technical and financial evaluation of the proposed project has already been carried out by the team of experts. Similarly, the board also decided to invest in the equity of its newly incorporated associated company Yunus Energy Ltd, a 50MW wind fa... |
New Zealand: Fletcher rivals “attacking our market”23 April 2012, Published under Cement NewsFletcher, with a market capitalisation of NZD4.2bn (US£3.4bn), is under attack from firms undercutting prices by up to a third and aiming at Christchurch's post-quake rebuild. Stephen Hudson, Macquarie Equities Research analyst, said new import-based competition had emerged in cement products, insulation, wallboard, laminates and steel categories. Hudson said construction of a new third-player clinker grinding facility had begun in New Zealand and Ling said this Tauranga business was a cha... |
Loma Negra announces new plant construction, Argentina20 April 2012, Published under Cement NewsArgentine cement producer Loma Negra has announced it will invest US$250m in a new cement plant in the province of San Juan. The factory will be built in the town of Pocito, 20km from the capital of San Juan, and will have a production capacity of 1Mta of cement. Currently, Loma Negra has nine plants, six of which are in the province of Buenos Aires, while the remaining are in Neuquén, San Juan and Catamarca. Loma Negra is part of Brazilian conglomerate Camargo Corrêa. |
Jaypee plans capacity hike, India18 April 2012, Published under Cement NewsIndia’s Jaypee Group is aiming to increase cement capacity to around 50Mta over the next five years from 33.5Mt, the Economic Times of India reports. Shiva Dixit, vice president of Jaiprakash Associates (the flagship company of the diversified Jaypee Group) told local press that “Our current capacity is 33.5Mt. By the end of this year, it will reach to 36Mt. We are evaluating various locations and are targeting to touch 50Mta cement capacity over next five years.” Jaiprakash is current... |
Holcim Indonesia boosts dividend payout, Capex plans16 April 2012, Published under Cement NewsHolcim Indonesia plans to distribute IDR425bn (US$46m) in dividends, or the equivalent of 40 per cent of its 2011 net income, its chief executive has said. Speaking to the Jakarta Globe, Eamon Ginley said: “This plan has received approval from shareholders," adding "that would be equivalent to a dividend of IDR/share." Holcim posted IDR1.06trn in net income last year.??The 2011 dividend distribution increased from 2010, when the company distributed 23 percent of its net income as divide... |
New Jamaican project given green light11 April 2012, Published under Cement NewsCanadian engineering firm Cemcorp has been given permission by the National Environment and Planning Agency (NEPA) to construct Jamaica's second cement plant, according to local press reports. Cemcorp will construct a 1.5Mta plant at Port Esquivel, St Catherine, at a cost of US$340m. "We are happy that we can now move forward with our plans," Armand Nahmiache, Cemcorp's chief executive officer, told The Gleaner yesterday. "Hopefully, we will be breaking ground in another three month... |
SIDF approves new cement plant loan, Saudi Arabia09 April 2012, Published under Cement NewsThe Saudi Industrial Development Fund’s board of directors (SIDF) has approved a loan for a new cement factory to help meet demand in the the Hail region. Speaking to Arab News, Ali bin Abdullah Al-Ayed, director general of the fund, said the fund would continue to support the cement sector to meet the growing demand for the product in different regions. “We have approved a loan of SAR300m to establish a new cement factory in Hail.” The new factory would produce 1.7Mta, which can meet the... |