Cement News tagged under: expansion
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 ... |
Maintaining a strong position06 June 2018, Published under Cement NewsFollowing a major overhaul at its plant in Salalah, Oman, Raysut Cement is in good shape to further expand its business internationally. ICR speaks with Joey Ghose, the company’s CEO, about Raysut’s recent capital investments and its plans to gain additional market share both at home and abroad. Joey Ghose, CEO of Raysut Cement Co, Oman ICR: When was Raysut Cement Co established and what is the extent of the company’s activities in Oman today? Joey Ghose (JG): Raysut Cement ... |
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... |
Bestway Cement's Farooqia plant completes 6000tpd expansion project04 June 2018, Published under Cement NewsBestway Cement Ltd has completed the installation of its Farooqia plant brownfield expansion project, in Khyber Pakhtunkhwa province. The expansion also includes a 9MW waste heat recovery power plant. According to Bestway Cement's Company Secretary and General Counsel, Sehar Husain, the project has completed in a record time of 14 months. The Farooqia Line II commenced production on 31 May 2018 and has a clinker capacity of 6000tpd. The Bestway now has a total group cement capacity of 7.96... |
Pakistan has eight brownfield cement projects underway29 May 2018, Published under Cement NewsThe eight brownfield cement projects with a total capacity of 18.8Mta are at various stages of completion and scheduled to be commissioned between June 2019 and June 2020 at an estimated cost of over PKR159bn (US$1.37bn) in Pakistan, according to a research house report. So far, all the projects have completed, on average, at least 46 per cent of their construction. China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 per cen... |
DG Khan Cement well-positioned25 May 2018, Published under Cement NewsThis week, Pakistani cement producer DG Khan Cement launched the largest cement plant in the country as it commissioned its greenfield project at Hub , in Balochistan province, southern Pakistan. The project represents an investment of PKR40bn (US$345.3m). The project's main EPC supplier was FLSmidth, who started work on the project in 2015 through a US$62m equipment supply contract. FLSmidth provided three crushers for raw material handling, which included two TST jaw crushers (TST 1900) ... |
DG Khan Cement completes new 9000tpd Hub line23 May 2018, Published under Cement NewsDG Khan Cement Co Ltd (DGKC), informed the Pakistan Stock Exchange that it has completed the installation of country's largest cement plant of 9000tpd at Hub, Baluchistan province, near Karachi. DGKC's Company Secretary, Khalid Mahmood Chohan told Cemnet that this greenfield project was set up at a cost of over PKR40bn (US$345.3m) and has installed the latest European technology. A notification of the company says, "The largest vertical cement grinding mill with Cope drive has started ... |
Star Cement receives government subsidies to reduce debt10 May 2018, Published under Cement NewsStar Cement has received INR2bn (US$29.7m) towards a subsidies claim from the central government. The company intends to use the amount to further reduce its debt. Earlier in April company had received IN800m (US$11.8m) of subsidies and also used it for debt reduction. The total debt for the company following the payment of INR800m is expected at INR3200m, including long-term and short-term loans. The debt will further come down significantly as the company intends to utilise the entire am... |
Breedon expands its UK operations23 April 2018, Published under Cement NewsThis week Breedon Group Plc announced that it had entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd for GBP455m. While the aim is to create a leading independent construction materials group in the UK and Ireland, this move will provide the group with a platform to establish further organic growth and bolt-on acquisitions. The acquisition is expected to give Breedon annual cost savings of approximately GBP5m by the third full year following completion. The ... |
Foreign producers may find Ethiopian raw materials difficult to secure16 February 2018, Published under Cement NewsCement companies in Ethiopia may in future need mining rights from local regional governments as well as Central government to excavate raw materials. The administration of the East Shewa Zone with the Oromia region, for example, has written to foreign cement firms that mine pumice for cement production to cede some of their operations to the cooperatives of unemployed youths in their areas. The Ethiopian cement market is being fiercely contested by some 17 or more producers. Utilisa... |