Cement News tagged under: corporate
Shree Cement announces investment plans11 June 2018, Published under Cement NewsIndia’s Shree Cement Ltd has announced a INR35bn (US$519.79m) capital expenditure budget for the current financial year. The amount includes INR20bn which will be spent to conclude the acquisition of UAE-based United Cement Co PSC by July, a few months ahead of plans, according to Subhash Jajoo, CFO, Shree Cement. Furthermore, the company plans to invest INR13-14bn to set up grinding units in Odisha, Jharkhand and West Bengal. Once completed, these plans would see the company raise its prod... |
LafargeHolcim Group invests US$500m in Bangladesh11 June 2018, Published under Cement NewsLafargeHolcim Group has invested US$500m in Bangladesh over the years and plans for even more, besides continuously working in research and development to find best and sustainable solutions in the construction sector and promotion of cement industry in the country. This information was shared on the occasion of LafargeHolcim Bangladesh's 20th annual general meeting (AGM), which was held in Dhaka on 7 June. Company top officials say, it is the biggest foreign direct investment in the bu... |
Panyam Cement & Mineral Industries reports decline in net sales08 June 2018, Published under Cement NewsPanyam Cements & Mineral Industries, India, has reported financial results for the period ended 31 March 2018 with net sales of INR26.49m (US$0.391m) during the 12-month period ended 31 March 2018 as compared to INR65.03m (US$0.96m) during the corresponding period ended 31 March 2017. The company has posted net loss of INR23.41m for the period under review as against INR4.09m for the period ended 31 March 2017. The company has reported net sales of INR190.38m during the 12months ended 31... |
Cemex launches online store08 June 2018, Published under Cement NewsCemex has launched the Construrama online store for construction materials to enable fast and simple order placement, according to a press release. “Cemex’s launch of the Construrama Online Store builds on our efforts to transform the construction industry into a more efficient model: Our clients will now enjoy easy access to a wider catalog of products and be able to select, purchase and follow up on their online order, generating significant savings in productivity for our Construrama ne... |
Hongshi Holding Group expected to contract FLSmidth for equipment supply07 June 2018, Published under Cement NewsChina-based Hongshi Holding Group Co Ltd is expected to award a contract to FLSmidth for the supply of mills, crushers and feeders for its 8000tpd plant in East Java, Indonesia. The US$40m contract is expected to be signed at the end of the month, according to Lu Jianlong, manager at the company’s equipment supply sector. The dry-process facility represents a total investment of US$314.7m, with equipment procurement estimated at US$227m, reports Inside International Industrials. Sinoma (... |
Cementos Bío Bío to start production at Arica grinding plant07 June 2018, Published under Cement NewsChile’s Cementos Bío Bío is expected to start production at its Arica grinding facility by September of this year, according to Economía y Negocios. Guido Sepúlveda, manager of the company’s cement sector, confirmed that the plant will supply the markets of Tarapacá and southern Peru. "It is very important for us to get to Arica, an area we were attending from Antofagasta, and we are currently in the process of building the plant, and then starting the assembly work," he said. The wo... |
Cemex allocates PHP3bn towards start of Solid Cement's expansion07 June 2018, Published under Cement NewsCemex Holdings Philippines Inc has allocated PHP3bn (US$57.1m) this year towards building its new production line at its Antipolo cement factory in Rizal. Cemex Holdings Philippines is investing a total of US$225m for the Solid Cement expansion project. The new line will expand Solid Cement’s capacity from 1.9Mta to 3.4Mta. "Specific to the Solid Cement plant expansion – PHP2.5bn to PHP3bn this year," said Cemex Holdings Philippines president and CEO, Ignacio Mijares, at a stockholders ... |
Siam City Cement becomes regional market leader07 June 2018, Published under Cement NewsSiam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17. Moreover, according to SCC's annual 2017 report, the company has completed the acquisition of a 65 per cent stake i... |
Orient Cement announces expansion plans06 June 2018, Published under Cement NewsIndia’s Orient Cement has announced plans to invest INR36bn (US$536.8m) over the next five years to expand its existing production capacity to 15Mta from 8Mta, with investments for the expansion to begin in FY20, according to Mint. The company has applied for environmental clearance to expand clinker and grinding capacity in Devapur, Telangana, and Chittapur, Karnataka, alongside plans to construct additional grinding capacity in the eastern market. The expansion plans are expected to be co... |
Siam City to expand production in Sri Lanka and Bangladesh06 June 2018, Published under Cement NewsSiam City Cement (Lanka) Ltd, which is building a new vertical cement grinding plant in Galle, on the southwest coast of Sri Lanka, to raise its capacity by 0.4Mta, is on track for start-up in August. The new grinding unit is being built at an estimated cost of US$50m and of this total, Siam City (Lanka) spent US$5m to address the plant's environmental impact, according to INSEE Cement Si Lanka CEO, Paul Hugentobler, who further informed media that the company's main aim is to build t... |