Cement News tagged under: New project
Zuari subsidiary to expand Sitapuram unit, India06 April 2012, Published under Cement NewsSri Vishnu Cement, India, is planning to expand its clinker manufacturing capacity at Sitapuram, district Nalgonda, in Andhra Pradesh, from 1.1Mta to 2Mta. Sri Vishnu Cement, part of Zuari Cement, expects work to commence in 2015 and be completed within 18 months. |
2Mta plant planned in Madhya Pradesh, India06 April 2012, Published under Cement NewsAbhijeet Cement, India, is planning an integrated cement plant in district Morena in Madhya Pradesh. The new project, located at Bhilampur, will consist of a 2Mta cement line and a 50MW captive power plant. The project is currently approval from the Ministry of Environment and Forests. |
Cimpor05 April 2012, Published under Cement NewsCimpor is considering the construction of a kiln line at its grinding plant at its Dondo grinding centre in Mozambique. Cimpor is at the receiving end of a €2480m bid from Camargo Corrêa, valuing each share at €5.50, a 10% premium on the pre-offer share price. The offer is being made through InterCement Austria, a wholly-owned subsidiary of Camargo Corrêa. Camargo Corrêa is currently the sixth-largest cement producer in Brazil, and market leader in Argentina, while Cimpor is the number fou... |
Hoang Mai Cement to invest in new line, Vietnam05 April 2012, Published under Cement NewsShareholders of Vicem’s Hoang Mai Cement Joint Stock Co have agreed invest VND102.7bn in projects this year. Local press report that the company plans to spend VND67bn in building a new production line in Hoang Mai 2 cement plant with designed capacity of 4.5Mta. In 2012, the company has set targets to reach total revenue of VND1.645trn, pre-tax profit of VND163bn, increasing by 11.4 per cent and 7.8 per cent respectively against 2011. |
Lafarge05 April 2012, Published under Cement NewsLafarge Maroc, which is jointly controlled by Lafarge but the economic interest is limited to 34.6%, has reported a 4.1% increase in turnover to MAD5570m. However, higher costs could not be passed on in an increasingly competitive market and the trading profit declined by 1.3% to MAD2370m. The net profit was down by 0.9% to MAD1660m (€148.8m). Lafarge India aims to increase its cement capacity from a current 8Mta to 10Mta. This is to be achieved by organic growth and no acquisitions are p... |
Tabuk Cement new ready-mix venture, Saudi Arabia03 April 2012, Published under Cement NewsSaudi cement producer Tabuk Cement Co has signed a Memorandum of Understanding (MoU) with Malaysia’s ZECCN and Finnish Elematic to construct a SAR60m (US$16m) ready-mix concrete plant in the Western Province of the country. TCC will hold 60 per cent in the new venture which will be self-financed. The remaining shares will be held by the partners. |
KHD wins new contract in Malaysia02 April 2012, Published under Cement NewsStraits Cement, a 100% subsidiary of the Malaysian YTL Group, has awarded KHD with a EUR100m contract to build a new 5000tpd plant located near Kuantan, Malaysia, The new plant will be built according to the latest environmental standards. KHD's supply will include a five stage preheater with Low-NOx precalciner, PYRORAPID(R) rotary kiln with PYROJET(R) burner, PYROFLOOR(R) grate cooler, and energy-efficient COMFLEX(R) grinding systems for both limestone and clinker. KHD consortial partner... |
Devnya Cement begins expansion project, Bulgaria30 March 2012, Published under Cement NewsBulgarian cement producer Devnya Cement, a unit of Italy’s Italcementi, has officially launched a EUR160m upgrade project. The company has signed up CBMI of China, a subsidiary of Sinoma International Engineering, as a general subcontractor for a new production line set to begin operation in early 2015, Italcementi in a statement. The annual capacity of the new production line will be nearly 1.5Mta of cement. Devnya is based near the Black Sea port city of Varna and has an annual capaci... |
Athi River pretax profit rises, Kenya28 March 2012, Published under Cement NewsKenya-based firm, Athi River Mining, posted a 23 per cent rise in 2011 pretax profit to KES1.36bn (US$16.4m), the company said while net profit came in at KES1150m. Turnover rose 37 per cent to KES8.2bn while cement sales increased 72 per cent helped by the commissioning of new capacities which came on-stream in late 2010. EBITDA rose 31 per cent from KES1.6bn in 2010 to KES2.2bn last year but operating margins were down two per cent in 2011 mainly due to the “rapid increases in cost of... |
Lafarge WAPCO reports 74% YoY net profit rise, Nigeria28 March 2012, Published under Cement NewsLafarge WAPCO’s net profit rose 74 per cent YoY to NGN8.51bn (US$397m) in the 12 months to December from NGN4.88bn a year earlier. The company said in a statement to the Nigerian Stock Exchange that sales advanced 43 per cent to NGN62.5bn. Lafarge WAPCO will pay a dividend of 75 kobo/share on 23 May, it said. The company took NGN45bn in loans to expand its plant in Ewekoro, western Nigerial which began production last September. |