Cement News tagged under: corporate
BUA Group to commission 1.5Mta plant in Nigeria17 July 2018, Published under Cement NewsBUA Group is set to commission its 1.5Mta Kalambaina plant on Tuesday, 12 July. At a cost of US$350 million, it will be the largest single private sector-led investment in northwest Nigeria. The facility features a high-capacity coal mill and a multi-fuel plant. The plant is expected to generate 2000 jobs and improve the country’s exchange with Niger and Benin, according to the Daily Trust. It will also increase the company’s total Nigerian capacity to 6Mta, which is 35 per cent of the tota... |
Raysut Cement reports loss of cement carrier17 July 2018, Published under Cement NewsRaysut Cement Company has announced total loss of its Raysut II cement carrier in the wake of Cyclone Mekunu on 25 May. The vessel is owned by Raybulk Navigation Inc, a subsidiary of Raysut Cement. The vessel ran aground at Fazayah beach, 18 nautical miles west of Salalah Port during storm. According to media reports, the group is expected to receive OMR4.129m (US$10.7m) against insurance for loss of ship and various cyclone Mekunu claims,” said Ghose Jotirmoy Pratuk Krishna, Chief Executi... |
Bharathi Cement to build two new plants16 July 2018, Published under Cement NewsHyderabad-based Bharathi Cement is aiming to strengthen its presence in western and eastern India with new plants and products, according to The Economic Times. The Indian cement producer is planning two new cement plants in Vizag and Mumbai in the next 2-3 years. “The two plants can cater to the demand in eastern and western parts of the country,” said Ravinder Reddy, Bharathi’s marketing director. He also said the company will next launch an environmentally-friendly composite cement... |
Ibeto Group completes planning stages of two new plants16 July 2018, Published under Cement NewsNigeria’s Ibeto Group has announced that its project with Sinoma to construct two cement plants in Nkalagu and Effium, Ebonyi State, has concluded the planning stages. The first factory will be situated adjacent to Nigerian Cement Co’s Nkalagu plant and have a 9000tpd capacity, according to Cletus Ibeto, CEO, Ibeto Group. "We are not going to remove anything from the old plant but set up the new one beside the moribund factory," said Mr Ibeto. "We will also commence another plant in Effi... |
Lehigh Hanson Speed plant earmarked to become distribution centre16 July 2018, Published under Cement NewsThe Lehigh Hanson Speed cement plant in Indiana is expected to cease production in about four years and become a distribution centre, following the completion of the modernisation at the Mitchell works . The step will lead to the loss of some 100 jobs at the works, although Lehigh Hanson expects to relocate around half of the jobs to the new works. Jobs at Speed would likely fall under plant maintenance and operations, purchasing, quarry equipment operators, electricians, welders, millwri... |
Lehigh Hanson announces US$600m expansion and modernisation project13 July 2018, Published under Cement NewsUS-based Lehigh Hanson Inc has announced a US$600m plan to modernise and expand its plant in Mitchell, Indiana. The project to increase production capacity while significantly reducing energy usage and emissions, is the largest expansion and modernisation that the company has undertaken in North America. "The modernisation of the Mitchell plant will enable us to produce cement more efficiently and sustainably through the use of state-of-the-art technology and the latest in environmental c... |
Maple Leaf Cement updates about expansion13 July 2018, Published under Cement NewsMaple Leaf Cement Factory Ltd has advised the Pakistan Stock Exchange (PSX) about the company's progress on the implementation of the additional of 7300tpd clinker line at its Iskanderabad plant. The project will raise the plant's total grey cement capacity to 18,000tpd at a cost of INR25bn. The project cost is being financed approximately 17 per cent by way of right issue, 51 per cent through bank loans and the rest from internal cash generation. Letters of Credit (LCs) for supply a... |
LafargeHolcim on track to open new Cimencam plant in early 201913 July 2018, Published under Cement NewsConstruction on the new Cimencam plant in Nomayos, Cameroon, is progressing well and the 0.5Mta works is on track for commissioning in early 2019, according to reports by Ecofin Agency. "In terms of investments, I think Nomayos is the most important. When we go to Nomayos today, there are almost 200 people working, some Chinese and many Cameroonians. The civil engineering is well advanced, a new crusher is on the site. In less than a year, Nomayos will produce,” says Pierre Damnon, former... |
Lafarge Malaysia MYR270m ECRL contract suspended13 July 2018, Published under Cement NewsLafarge Malaysia Bhd MYR270m (US$66.7m) contract to supply cement to the East Coast Rail Link (ECRL) project has been suspended. The cement producer said that China Communications Constructions (ECRL) Sdn Bhd (CCC), the main contractor to the project, has suspended the contract as the government is currently reviewing the project. LafargeHolcim’s wholly-owned subsidiary had signed an agreement with CCC to supply cement to all eight work packages for the rail link. The contract was due... |
Shree Cement acquires 98% stake in UCC12 July 2018, Published under Cement NewsShree Cement has completed the acquisition of a 97.6 per cent stake in the UAE’s Union Cement Co (UCC). The deal was struck through the company’s wholly-owned subsidiary, Shree International Holdings, incorporated in the UAE. The acquisition was managed by Ras Al Khaimah’s Investment and Development Office (IDO) on behalf of the government, according to an official statement. "The acquisition of UCC manifests Shree’s strategy to expand overseas, taking the UAE as a launch pad for more inv... |