Cement News tagged under: capacity expansion
PT Semen Indonesia28 October 2015, Published under Cement NewsSemen Indonesia is joining forces with cement producer Semen Kupang, a subsidiary of Bank Mandiri, to construct a 1.5Mta cement plant in Kupang in East Nusa Tenggara. Costing US$185m work is due to begin on the new facility next year with around 40 per cent of its output destined for the export market. The news comes hot on the heels of Semen Indonesia announcing a 2.6 per cent fall in total volume sales in January to September this year to 18.6Mt, compared to 19.1Mt in 9M14. Total domest... |
Dangote Cement28 October 2015, Published under Cement NewsDangote has announced an increase in sales of 18 per cent to NGN366bn in 9M15, compared to the same period last year. Net income grew over the period from NGN141bn to NGN158bn, while profit before tax expanded by 8.4 per cent to NGN166.9bn, up from NGN154bn in 9M14. Earlier this month Dangote Industries announced plans to build 18 new cement plants across Africa and Asia. According to the company, the move hopes to transform Africa into an export continent rather than depending on imports... |
UltraTech Cement28 October 2015, Published under Cement NewsIn the three months to the end of September this year, UltraTech Cement saw its standalone net sales increase by 4.2 per cent to INR56.21bn (US$864m), up from INR53.79bn in the same period last year. Profit before interest, depreciation and tax also rose, up by 8.6 per cent YoY. Combined cement and clinker sales over the period hit 11.51Mt with cement sales expanding by five per cent. With the government committed to infrastructure development, housing and roads, UltraTech hopes to positi... |
Limak Cement's evolution07 October 2015, Published under Cement NewsSince 2000 the Limak Cement Group has evolved from owning a single cement plant to becoming Turkey’s second-largest producer in terms of clinker capacity. CEO and Board member of the Limak Holding arm since its inception, Gültekin Aksüyek, speaks with ICR about ongoing investments in Turkey, plus expansion into international markets with new plants under construction and potential projects on the table. Gültekin Aksüyek, CEO and Board member of the Limak Cement Group, Turkey ... |
PPC29 September 2015, Published under Cement NewsA shake-up in its cement facilities means PPC Zimbabwe expects to be producing 1.5Mta of cement by this time next year, compared to its current 1.1Mta. At the heart of its expansion plans is a new, US$86m plant in Msasa, Harare, which is due to be operational by mid-2016. The new plant is expected to help PPC take advantage of the expected boom in construction activity in the country, driven by the government’s renewed focus on infrastructure, most notably in housing and road projects. A sec... |
Anhui Conch29 September 2015, Published under Cement NewsThe first half of 2015 has seen revenue at Anhui Conch fall by 15.8 per cent to CNY24.2bn (US$3.8bn), driven by a 16.44 per cent decline in cement price, a slowdown in demand and oversupply of the market. The company’s market share, however, nudged up by one per cent to 11 per cent, compare to 1H14. Over the six-month period, the company sold 115Mt of clinker and cement, representing YoY growth of 1.6 per cent. East China took the lion’s share of sales with 29.23 per cent, followed by Cen... |
UltraTech Cement29 September 2015, Published under Cement NewsUltraTech’s Awarpur plant in Maharasthra has been given Environment Ministry clearance to expand its capacity. The proposal will see cement capacity rise from 4.48Mta to 6Mta and clinker potential from 3.3Mta to 4.5Mta. Although the expansion will be carried out within the existing plant area, an additional 5.1MW of power is expected to be required. The company has been asked to comply with certain conditions as part of the expansion plan including installing air monitoring devices to kee... |
Venezuela: Trujillo's line 2 construction makes steady progress28 September 2015, Published under Cement NewsThe construction of the second line at the Trujillo plant of Venezuela’s Cemento Andino has progressed to 35.1 per cent, according to the president of Corporación Socialista del Cemento. "The growth we are experiencing today will have a major impact on the development not only of Trujillo, but of Venezuela. With this new line, the cement production capacity of this subsidiary will triple, to place it in third place production of the country, "he said. The project represents an investme... |
Ecuador: Ucem to invest US$230m in new clinker plant24 September 2015, Published under Cement NewsEcuador’s Unión Cementera Nacional (Ucem) has signed a contract with Peru’s Casaracra and the Ministry of Production, Employment and Competition to build a new clinker plant in Riobamba, Chimborazo. Casaracra will invest US$230m. "This investment will replace imports of the value of US$250m over the next 10 years," said Ecuadorian Vice President, Jorge Glas, at the signing ceremony. The new plant is scheduled for commissioning in 30 months’ time. |
GCC to invest US$90m in US plant10 September 2015, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) will invest up to US$90m in the next two years to increase capacity at one of its three US plants, while assessing further acquisition opportunities, according to Luis Carlos Arias, finance director of GCC. The investment will enable GCC to nearly double capacity at its South Dakota works. The facility currently has a production capacity of 0.7Mta, which is expected to increase to 1.2Mta upon completion of the project. GCC has a global production capa... |