Cement News tagged under: capacity expansion
Mexico: Elementia plans 1.5Mta expansion06 May 2015, Published under Cement NewsMexico’s Elementia conglomerate announced it will invest US$250m to expand capacity at its Atotonilco de Tula plant in Hidalgo, operated by Cementos Fortaleza. Following completion of the project in 2017, the plant will have a capacity of 3.5Mta. In 1Q15, Elementia saw its revenues increase to MXN4070m, up 12 per cent YoY as its cement division registered 26 per cent growth. |
Oman Cement’s new mill on target for 4Q1501 May 2015, Published under Cement NewsThe installation of a new cement mill at the Rusayl complex of Oman Cement Company will be completed by the fourth quarter of this year, chairman of the board, Dr Abdullah Abbas Ahmed, told the Oman Daily Observer. The plant will increase production by an additional 150tph following the completion of the new expansion, he stated. The infrastructure supporting the cement silos and bulk dispatches is currently under installation, said Dr Abdullah Abbas Ahmed. In unaudited interim financial r... |
Cementos Argos29 April 2015, Published under Cement NewsWith the US government announcing a US$478bn spend on infrastructure projects over the next six years, Cementos Argos will be looking to further consolidate its position in the country. 2014 saw the company increase its cement production capacity in the US by 107 per cent YoY to become the second-largest cement producer in the southeastern US. It is reportedly already involved in more than 70 per cent of the infrastructure projects being carried out in the country as well as 60 per cent o... |
Semen Indonesia29 April 2015, Published under Cement NewsDespite Semen Gresik and Semen Padang both posting a fall in sales volumes in 1Q15, PT Semen Indonesia is pushing ahead with its expansion plans. Semen Gresik saw sales drop by 0.6 per cent to 3.27Mt, compared to 3.29Mt in 1Q14, while Semen Padang registered a 1.8 per cent contraction to 1.58Mt. Semen Tonasa, meanwhile, increased sales by 2.3 per cent coming in at 1.3Mt in 1Q15, compared to 1.27Mt in the same period last year. According to the Indonesia Cement Association, domestic consumpti... |
PT Indocement29 April 2015, Published under Cement NewsBuoyed by a seven per cent increase in revenue in 2014 to IDR19,996bn (US$1.54bn), Indocement is pressing ahead with its capex plans this year. Gross profit also grew, up by five per cent to IDR9086bn, while EBITDA fell slightly by 0.3 per cent to IDR6853bn. By the end of 2015, the company’s new 4.4Mta plant in Citeureup is due to be operational, while it has also received AMDAL certification for its plant in Pati, Central Java. The Pati plant will have a production capacity of 2.5-4Mta a... |
Dangote Cement29 April 2015, Published under Cement NewsDangote Cement’s new plant in Ethiopia will open in May this year, helping to close the gap between demand and supply in the country. The plant, which is located in Oromia, is one of the largest in east Africa with a production capacity of 2.5Mta. Costing US$400m, the project has been overseen by Sinoma International Engineering. Ethiopia’s current cement production of 5.4Mta falls well below existing demand of 7-8Mta. Dangote is increasingly turning its attention away from Nigeria follow... |
Ciments du Maroc 9.3% fall in profit13 April 2015, Published under Cement NewsCiments du Maroc closed 2014 with a 5.1 per cent fall in its turnover from MAD3.6bn (US$35m) to MAD3.4bn. The cement producer’s operating results experienced a 9.3 per cent drop to just over MAD1bn. The company attributes the decline to a slow building and public works sector. In addition, the eight per cent fall in housing starts contributed significantly to the limited growth of 0.8 per cent of the construction market. Looking ahead, Mario Bracci, Ciments du Maroc’s CEO said: “In 201... |
Cementos Argos02 March 2015, Published under Cement NewsCementos Argos has reported a 58.8 per cent rise in profit in 2014, coming in at COP291bn (US$145m), compared to COP183bn in 2013. The growth, which was driven by domestic sales, is expected to continue in 2015 due to the Colombian government’s spending commitment on public housing and highways. Operating income expanded by 16.8 per cent last year to US$2.9bn, while EBITDA improved by 8.4 per cent to US$534m. The US division is expected to double 2014’s EBITDA of US$68m coming in around U... |
Dangote Cement03 February 2015, Published under Cement NewsNigeria’s construction industry is urging Dangote Cement to put into effect the promised cement price cuts, as announced in November last year. Despite the company revealing plans to reduce cement prices by as much as 41 per cent to NGN1350/bag, ex-works prices have now leapt to around NGN2200/bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the company’s Ibese plant. Ex-works prices from Ibolo hovered arou... |
PT Indocement03 February 2015, Published under Cement NewsBuoyed by strong demand from Indonesia’s infrastructure sector, PT Indocement expects its cement sales to rise by 5-6 per cent in 2015. With work already underway on its new 4.4Mta brownfield plant, which is due to be operational by the end of this year, the company predicts a rise in production capacity from 20.5Mta in 2014 to 24.9Mta by the close of 2015. Following government instructions issued earlier this month to reduce cement prices, Indocement has slashed its average price from ID... |