Cement News tagged under: capacity expansion
Loma Negra to hire 120 workers for L'Amali II17 October 2019, Published under Cement NewsArgentine cement producer Loma Negra announced it will hire 120 workers for the new line at its US$350m L'Amalí II plant in Bonaerense de Olavarría, Argentina. Of the 120 new positions, 80 will be operators and the rest managers and analysts, according to a company statement. The selection of staff will be carried out both internally and externally and the company will be in charge of carrying out the search. Loma Negra highlighted that the external search will focus on Olavarría and sur... |
Vietnamese cement sector to reach 115Mta of capacity in 202023 July 2019, Published under Cement NewsVietnam is expected to have 89 cement production lines and a total capacity of 115Mta in 2020, according to the Vietnam National Union of Building Workers. In 2019 two additional lines are scheduled to begin operations. Nam Dong will commission a 1.8Mta unit in Thua Thien-Hue province and Thanh Thang Cement is expected to start up its 2.3Mta third line in northern Ha Nam province. A further five facilities are expected to open with a combined capacity of 12.7Mta in 2020. This includes Min... |
Kenya's Savannah Cement plans KES5bn grinding plant in major expansion plan15 July 2019, Published under Cement NewsSavannah Cement is currently undertaken a KES5bn expansion of its grinding plant at Kitengela, Kenya, according to the company’s MD, Ronald Ndegwa. The project sees the construction of a 1.2Mta grinding unit, which will double the company’s current installed capacity. Central to the plant will be an energy-efficient vertical grinding mill, supplied by FLSmidth. The new facility is expected to be commissioned by the end of the year. “At Savannah Cement, we are banking on the regional ma... |
Cimburkina inaugurates second mill at Kossodo20 June 2019, Published under Cement NewsCimburkina, part of HeidelbergCement, inaugurated its second grinding unit on 18 June at its Kossodo plant in Ouagadougou, under the patronage of Prime Minister Christophe Joseph Marie Dabiré and Burkina Faso’s Head of State, Mogho Naba Baongo. The ceremony took place in the presence of the country’s Minister of Commerce, Industry and Handicrafts, harouna Kaboré. The project includes a 150tph mill, a new 2000t limestone silo and a new bagging unit with a capacity of 120tph. T he first ston... |
Shree Cement sees 14% revenue increase and plans new capacity20 May 2019, Published under Cement NewsIndia’s Shree Cement has announced a 19.6 per cent YoY fall in net profit to INR3.21bn (US$46.18m) for the 4QFY18-19. However, revenue increased 14.2 per cent to INR33.29bn from INR29.15bn. The company’s cement segment recorded a 16.9 per cent increase in revenue to INR32.84bn from INR28.11bn. Meanwhile, the company has also announced plans to add 3Mta of grinding capacity to its unit in Pune, Maharashtra. The project is expected to be completed by September 2020 and represents an invest... |
Kazakhstan: staking a claim23 April 2019, Published under Cement NewsWhile Kazakstan’s cement demand fell in 2018, the future holds the promise of an expanding domestic market and increasing export sales. Therefore, domestic cement producers are expanding capacity while new entrants stake a claim to future cement market growth. By Joseph F Govreau, Industrial Info Resources, USA. With ambitious infrastructure development programmes and a robust residential construction market, Kazakh cement producers are expected to enjoy rising cement demand in the... |
MI Cement to raise debt for Bangladeshi grinding unit19 April 2019, Published under Cement NewsMI Cement Factory Ltd is expected to raise foreign currency loans from HSBC and Standard Chartered Bank to finance its sixth line at its West Mukterpur, Munshiganj district of Bangladesh, according to the company’s Senior General Manager, Mozharul Islam. The US$70m project will add 8400tpd of grinding capacity to the site’s current capacity of 19,400tpd. Commercial production at the new unit is scheduled to start in January 2021. |
Cemex Holding Philippines plans SRO08 April 2019, Published under Cement NewsCemex Holdings Philippines Inc plans to increase its capital stock by more than triple to raise finds through a potential stocks rights offering (SRO). "Cemex Holdings became one of the most actively-traded stock (last week) after it disclosed its plan to increase its authorised capital to enable itself to raise finds via SROs or other fund-raising option," said Jervin S de Celis of Timson Securities. Cemex is aiming to raise up to US$250m to improve its capital structure, provide flexibil... |
Libya Cement Co launches EUR200m investment programme18 March 2019, Published under Cement NewsLibya Cement Co (CC) has announced an investment programme of EUR200m to be carried out over the next five years to increase its cement capacity. The investment will cover a mixture of new and upgraded facilities that will raise the company's production capacity by more than 50 per cent from around 2Mta to over 3Mta of cement. Financing for the project is close to being in place, the LCC says, with the Central Bank of Libya (CBL), major banks and funds, and other interested parties having b... |
LafargeHolcim04 March 2019, Published under Cement NewsLafargeHolcim’s Indian subsidiary ACC Ltd reported an 8.5 per cent rise in cement deliveries in 2018 to 28.4Mt and in the fourth quarter the advance was 8.7 per cent to 7.5Mt. Cement capacity increased by 5.9Mta thanks to a new greenfield operation in Madhya Pradesh and a new grinding plant in Uttar Pradesh as well as expansions to the plants in Tikaria and Sindri. Ready-mixed concrete deliveries improved by 16.6 per cent to 3.16Mt in the year, helped by the commissioning of 18 new plants du... |