Cement News tagged under: corporate
Shree Cement plans new INR10bn plant30 September 2020, Published under Cement NewsIndia’s Shree Cement has received board approval to set up a new clinker plant in Baloda Bazar, Chhattisgarh. The unit could have a capacity up to 12,000tpd and is expected to represent an investment of around INR10bn (US$135.66m). Shree plans to finance the project through internal accruals and debt. It is expected to reach completion by the end of the 3Q22. |
Suez Cement expected to increase stake in Tourah Portland30 September 2020, Published under Cement NewsEgypt’s Suez Cement is expected to submit a tender offer to acquire up to 100 per cent of the issued capital of Tourah Portland Cement for EGP7.18 (US$0.45) per share, according to a disclosure to the Egyptian Exchange (EGX). Suez Cement already owns 66.12 per cent of Tourah. Upon the execution of the offer, the latter is expected to voluntary delist its shares from the EGX. HeidelbergCement is also proposing to launch a tender offer to increase its 55.08 per cent stake in Suez Cement t... |
Empire Cement Packaging plans affordable cement for Ghanaians30 September 2020, Published under Cement NewsEmpire Cement Packaging Ltd has acquired 18.74 acres of land in Weija, Ghana, to establish the company under the One District One Factory initiative. The company has reiterated that it has a comprehensive plan to operate without affecting or disturbing other companies such as the Panbrose Salt Company. Empire Cement Packaging Ltd aims to deliver affordable cement to Ghanaians. The 1Mta factory will cost approximately US$500m and is being developed in partnership with Obokom Civil Engineerin... |
PPC delays FY20 earnings results30 September 2020, Published under Cement NewsPPC of South Africa has delayed the release of its full-year earnings for a third time as it finalises its financing. The new date for the financial disclosure is now set for 5 October 2020. PPC has been making adjustments to the valuations of assets in Ethiopia and the Democratic Republic of Congo, and the company hopes to conclude a deal with South African lenders in October, reports BNN Bloomberg. PPC reported a resurgence of construction activity in South Africa in June and July and do... |
CimCo to receive loan for Togo project29 September 2020, Published under Cement NewsCimenterie de Côte Ouest-Africaine (CimCo) is expected to receive a XOF20bn (US$35.62m) loan from the West African Development Bank (BOAD) for its project in Lomé, Togo. The long-term facility was approved by the bank’s board of directors last Friday. "The targeted goal is to contribute to the satisfaction of cement demand in Togo and the region by taking advantage of the geographic location of the port of Lomé, as well as to contribute to the country’s economic growth by boosting the comp... |
India Cements expects improvement29 September 2020, Published under Cement NewsIndia Cements’ Managing Director, N Srinivasan, has announced that the company expects an improvement in performance going forwards. "With further relaxation of lockdown measures, there are expectations of increased public spending on rural infrastructure, irrigation, road building and other projects. This, along with a pick-up in individual home building and construction, is expected to improve cement demand," said the MD. Improving conditions in its key markets, such as in Andhra Pra... |
Holcim Philippines offers one-day concrete for road projects29 September 2020, Published under Cement NewsHolcim Philippines is looking to fast-track road projects outside the National Capital region by making its one-day SuperFast-Crete concrete available to contractors in government road repair projects and help lessen disruption to commuters. According to the company, it also plans to offer SFCrete, which was launched in 2016, to contractor partners in Davao and Baguio. Holcim Philippines said that SFCrete has already proven its capabilities on 15km of roads all over Metro Manila. Holci... |
Elementia commissions Yucatan plant28 September 2020, Published under Cement NewsMexico's Cementos Fortaleza ( Elementia) inaugurated its new grinding plant in Yucatan last Friday, together with the governor of Yucatan, Mauricio Vila Dosal , the mayor of Progreso, Julián Zacarías Curi , and the Secretariat of Economic Development and Work, Ernesto Herrera Novel. The grinding station will have a cement production capacity of 250,000tpa and during the first stage of construction generated about 300 direct and 450 indirect jobs. |
West China Cement provides update on cement project28 September 2020, Published under Cement NewsFollowing West China Cement’s acquisition of 97.5 per cent of equity interest in Kangding Paomashan Cement Ltd in July 2020, it has now provided an update on the cement project. As such, Kangding Paomashan’s new 1.5Mta plant has completed construction and is ready for commercial production. West China Cement estimates the annual revenue of the company to be in the range of CNY518-541m (U$75.9-79.3m) based on the relevant prevailing market price in July 2020. |
Lindner Recyclingtech holds groundbreaking ceremony for new headquarters28 September 2020, Published under Cement NewsWaste process and shredding technology specialists, Linder-Recyclingtech celebrated the groundbreaking ceremony for its new factory premises on 18 September 2020. The company is investing in a new site covering over 45,000m 2 at Spittal an der Drau, Austria. In addition to a state-of-the-art manufacturing facility, the new headquarters will become an international Centre of Excellence for waste recovery and recycling – in keeping with the circular economy concept. "At the moment, the ... |