Cement News tagged under: expansion
Bangladesh to double capacity in the next two years23 August 2016, Published under Cement NewsAs the demand for additional housing and rural development projects in Bangladesh been strong, capacity utilisation rates are relatively high in most cement plants and the industry is currently expanding its production base. Bangladesh Cement Manufacturers Association (BCMA) Senior Vice-President, Abdul Khaliq, said per capita consumption is now 115kg, but this is expected to increase substantially. There are currently 34 active cement factories in the country and the production capacity ... |
Oman: Raysut Cement upgrades16 August 2016, Published under Cement NewsRaysut Cement is in the process of completing several expansions and improvements across its domestic and international assets. One project currently underway is the upgrade of its gas supply station at its Salalah plant in Oman. The upgrade will enable the plant to receive an additional 40,000m 3 of gas as fuel per day. According to Chairman of the Board of Directors, Ahmed Yousuf bin Alawi, upon completion of the project, the plant’s production capacity will increase to approximately 1... |
Bangladesh: Premier Cement expansion plan25 July 2016, Published under Cement NewsPremier Cement Mills Ltd has plans to more than double its production capacity, with an approximate investment of BDT4bn (US$51m). Current production capacity stands at 6000tpd and will be increased to 16,000tpd. Of the BDT4bn investment, BDT2.09bn (US$26.7m) will be used for equipment and machinery import, and the remaining BDT1.91bn (US$24.4m) for construction and other local purposes. The expansion is scheduled to be completed by 2018. |
Sri Lanka: Tokyo Cement looks to US for investment backing20 July 2016, Published under Cement NewsThe chief financial officer and other members of the Tokyo Cement management team are in the US this week for an investor roadshow, Lanka Business Online reports. Mark Decker, whose brokerage firm is promoting the roadshow, said: “Tokyo Cement is an under-researched company with a dominant market position, brand equity built over three decades, and clear growth prospects in light of Sri Lankan infrastructure and building construction projects. “We’re honoured to introduce the firm’s m... |
India: Ramco expands Tamil Nadu power plant05 July 2016, Published under Cement NewsThe Environment Ministry of India has given Ramco Cements environmental clearance to expand its captive power plant (CPP) at Alathiyur in Tamil Nadu, at a cost of approximately INR214.2m (US$3.18m). Rambo proposed increasing the capacity of the CPP by adding 6MW turbines, taking total power generation from 42MW. Clearance for this project was granted subject to certain conditions, which include having to use coal with sulphur and ash content not exceeding 0.8 and 14 per cent, respectively... |
Brazil: Votorantim opens BRL860m plant24 June 2016, Published under Cement NewsVotorantim Cimentos opened its 1.2Mta cement plant in Primavera, Pará yesterday. Votorantim expects the plant to reach 50-60 per cent capacity this year. The new works cost BRL860m (US$257.9m) and was planned almost five years ago. The new operation is part of Votorantim's expansion plan, aiming to increase its global capacity to approximately 59Mta by year end 2018. This expansion plan adds to previous investments of BRL12bn (US$3.59bn) made between 2007 and 2015, which resulted in a 94... |
Ghana: Dangote aims to speed up expansion work23 June 2016, Published under Cement NewsDangote Cement Ghana Ltd hopes to quickly complete its new plant being built in Takoradi and in addition to the expanded facility in Tema to increase its silo capacity beyond the current 21,000t. Mr Etornam Komla Buami, the media relations manager of Dangote Cement Ghana said: "The demand for Dangote Cement is increasing by the day and we have no choice than to speed up our expansion works. This is a positive development for the whole of Ghana in terms of job creation and contributions to t... |
Pakistan: producers eye northern construction growth10 June 2016, Published under Cement NewsThis week saw further evidence of resurgent growth in Pakistan’s cement industry as dispatches rose 10.6 per cent YoY. With the All Pakistan Cement Manufacturers Association (APCMA) relating that the growth in cement sales was solely down to higher domestic demand, there is much for the country’s cement producers to be enthusiastic about going forward, especially if they have strong representation in the north. Overall, per capita cement consumption is one of the lowest in Asia at 166kg, off... |
PPC25 May 2016, Published under Cement NewsShares in PPC have plummeted following the company’s announcement that it is preparing a capital raising of up to ZAR4bn (US$256m), whilst also revealing it is in talks with a credit ratings agency what will probably lead to a downgrade. Stock declined last week by as much as 16 per cent, which could prove to the the biggest drop on record. The shares have reportedly declined by 21 per cent for the year so far, compared to a 3.6 per cent gain in the FTSE/JSE Africa All Share Index. The pr... |
Pakistan: Attock Cement receives PKR7bn to finance expansion04 May 2016, Published under Cement NewsAttock Cement Pakistan Limited (ACPL) has achieved another milestone of success by signing financial close amounting to PKR7bn (US$66.85m) to part finance new production line of 4000tpd of cement plant. The loan has been arranged by local Punjab Bank with the support of MCB Bank, Allied Bank, Askari Bank and United Bank Ltd. |