Cement News tagged under: expansion
Lafarge halts EUR20m investment in Sagunto plant, Spain17 February 2016, Published under Cement NewsThe management of Lafarge yesterday made public its decision to halt the expansion of its quarry and its plant at Sagunto, Spain, due to “the uncertainty created by the new local government and the lack of viable alternatives,” according to El Mercantil Valenciano. The cement producer had intended to spend around EUR20m in upgrading its plant. In 2013 Lafarge and the town council of Sagunto agreed for the company to accept the limits to the use of its quarrying concession and move to the o... |
ACC full-year volumes impacted by mine closure, slow economic start to year15 February 2016, Published under Cement NewsACC Ltd, part of the LafargeHolcim group, reported a 2.4 per cent decline in 2015 sales volumes to 23.62Mt due to the temporary closure of mines serving its Chaibasa and Bargarh plants in eastern India, and the generally slow pace of the economy earlier in the year. Cement volumes during the final quarter of the year witnessed a turnaround, improving by four per cent YoY to 6Mt. The company’s focus on cost management helped contain overall production costs, despite a contribution to th... |
Southern Province Cement Line 2 due for end-June completion12 February 2016, Published under Cement NewsWork on Southern Province Cement's second production line at its Bishah plant in Saudi Arabia has been delayed, according to a company statement to the Saudi bourse. The company added that 83 per cent of the project has been completed so far and is scheduled for commissioning at the end of June 2016. The delay does not have any financial impact, the cement producer said. |
India: Shree Cements reports 10% rise in quarterly net profit03 February 2016, Published under Cement NewsShree Cements reported a 10 per cent rise in standalone net profit at INR10.286bn (US$0.151m) for the quarter ended 31 December 2015 compared to a profit of INR9.368bn a year earlier, it said in a Bombay Stock Exchange filing. Income rose by 18 per cent to INR18.288bn in the October-December quarter versus INR154.45bn during the same quarter last fiscal. Total expenses, however rose by 19 per cent to INR170.71bn. Capacity expansion In a separate filing, Shree Cement said it will ex... |
Fitch upgrades Grupo Cementos de Chihuahua's ratings to 'BB'; outlook Stable13 January 2016, Published under Cement NewsFitch Ratings has upgraded Grupo Cementos de Chihuahua (GCC) local and foreign currency Issuer Default Ratings (IDRs) to 'BB' from 'BB-'. Fitch also upgraded GCC's US$260m senior notes due 2020 to 'BB' from 'BB-'. The rating outlook is Stable. The ratings upgrade reflects the strengthening of US residential construction across several of the company's markets as well as a favourable economic environment in northern Mexico that should support cement demand in the state of Chihuahua. Robust... |
Pakistan: Attock Cement selects Hefei for new plant04 January 2016, Published under Cement NewsAttock Cement Pakistan Ltd has awarded a contract to Hefei Cement Research and Design Institute (China) for a new 4000tpd plant in Hub, Balochistan, the cement producer said. "The management of Attock Cement has concluded an agreement for setting up new 4000tpd cement manufacturing plant with all standard parts and accessories with Hefei Cement Research and Design Institute (China)," the company said in a bourse filing. In August the manufacturer informed the Karachi Stock Exchange that... |
ARM in talks with international institutional investor31 December 2015, Published under Cement NewsKenyan producer ARM Cement is in ongoing talks with a strategic investor to support its expansion plan. The investment will be in the form of preference shares which may be converted into an equity stake. “ARM Cement Ltd is currently in discussion with an international institutional investor who intends to make an investment of up to US$125m (KES12.7bn) equity investment in the company through convertible preference shares,” said the firm in a cautionary notice. Further details of the i... |
Loesche mill series for Batisöke project in Turkey16 December 2015, Published under Cement NewsBatisöke Söke Cimento Sanayii has ordered an entire line of vertical roller mills (VRM) from Loesche as part of a new kiln line project at the Söke cement plant in Turkey. For raw material grinding, a Loesche LM 56.4 has been ordered with a capacity of 500tph and a product fineness of 12 per cent R at 90μm. The gearbox of this mill has a power of 3400kW. Magnetic separators, metal detectors, refined parts for the mill fan and the engineering of the cyclone are also included in the scope o... |
Bangladesh: MI Cement eyes capacity expansion09 December 2015, Published under Cement NewsMI Cement Factory has set its sights on organic expansion through the construction of new capacity including its own clinker manufacturing plant over the next five years. The company, which produces cement under the Crown brand, plans to raise capacity from the present 6000tpd to 10,000tpd by the end of next year. Following on, it plans to increase capacity to 16,000tpd. “To reach the target, we will go for expansion with necessary investment,” Md Alamgir Kabir, additional managing director... |
Lafarge reaches major expansion milestone, Canada07 December 2015, Published under Cement NewsOn Monday, 30 November 84 year-old Tony Levstik returned to the control room at the Exshaw Cement Plant, decommissioning the oldest of the Plant's two production lines. Mr Levstik retired from Lafarge Canada Inc in 1994. As part of its permit to expand the Lafarge plant, the company committed to shut down Kiln 4 by November 30, 2015, allowing the company to meet emissions targets established by the provincial government. "It seemed only right that we invite Tony to shutdown the kiln. He w... |