Cement News tagged under: expansion
TPI Polene: solid growth prospects01 April 2015, Published under Cement NewsTISCO Securities has reinitiate coverage of Thai cement producer TPI Polene with a ‘Buy’ based on exciting growth prospects. Coverage on TPIPL is reinitiated with a 'Buy' rating as the company is expected to post strong three-year CAGR in normalised profit of 160 per cent. Key earnings drivers are: 1) its expansion into alternative fuel power plant with a total capacity of 199MW over the next three years; 2) a 50 per cent increase in its cement capacity from investment in its fourth cemen... |
Southern Province Cement starts trial operations of new line25 March 2015, Published under Cement NewsSouthern Province Cement (SPC) on Monday launched trial operations of a third production line at its plant in Tuhama, Saudi Arabia, the company said in a bourse filing. Without disclosing any financial details, SPC said the new production line will have a daily capacity of 5000t. The trial period will last about four months. |
Sri Lanka: Tokyo Cement plans expansion project19 March 2015, Published under Cement NewsSri Lanka-based Tokyo Cement plans to invest US$50m on a capacity expansion of 1Mta to help cater for local demand requirements. The group has already formed a new subsidiary under the name of Tokyo Eastern Cement for the implementation of the project over the next two financial years. The project will receive a tax holiday of five years, and therefore a tax rate of 12 per cent. The company proposes to finance the project with internal funds and loans. During FY13-14, the group’s revenue ... |
Cherat’s first-half boosted by domestic deliveries17 March 2015, Published under Cement NewsCherat’s Cement’s domestic sales increased by 10 per cent during the first half of the current Pakistan fiscal boosted by strong construction activity. Total dispatches over the period rose by four per cent, as exports to Afghanistan declined by six per cent. Turnover increased by four per cent. During the six months under review, production costs escalated mainly due to significant upward revision in electricity tariff, and imposition of fuel price adjustment levy. However, improved liqu... |
Northern Cement Jordan to install new line02 March 2015, Published under Cement NewsSaudi Arabia's Northern Cement Co said Thursday that Jordan-based Northern Cement-Jordan, in which it holds 99.35 per cent, has decided to install an additional clinker production line. In preparation for the expansion project, the company will carry out feasibility and environmental studies, the Saudi firm said, without disclosing any financial details. Northern Cement Co booked a net profit of SAR234.3m (USD$62.5m) in 2014, almost unchanged from SAR234.6m a year ago. |
Indocement sees volumes rising 6% YoY13 February 2015, Published under Cement NewsPT Indocement Tunggal Prakarsa expects volumes to grow six per cent this year, reported Kontan, citing CEO, Christian Kartawijaya. The HeidelbergCement group reported cement sales of 18.8Mt in 2014, up three per cent YoY, thanks to increased capacity. The company said it will spend IDR5trn (US$391m) on capital expenditure this year. The 14th line at its Citeureup plant in West Java is expected to start operating from the third quarter of this year. |
Cementos Argos in expansion mode10 February 2015, Published under Cement NewsCementos Argos will be expanding its business in 2015 with investments of over US$400m, according to Jorge Mario Velásquez, president of Argos. He added that 2015 will be crucial for the company as it initiates a very important decade in the economy of US: “In the next 10 years in the US will see significant growth of the economy, it will be a dynamic decade, especially in the cement market where growth close to nine per cent is expected, accompanied by a recovery of prices are recorded, ... |
UltraTech Cement03 February 2015, Published under Cement NewsFollowing its acquisition last month of two cement plants and related power assets from Jaiprakesh Associaties Ltd in Madhya Pradesh, UltraTech Cement Ltd has announced further expansion plans including two greenfield grinding units in Bihar and West Bengal. The new plants, which will add 3.2Mta capacity, will enable UltraTech to take advantage of the predicted upturn in cement demand in India. According to the government, the combination of 5.5 per cent economic growth in 2015 and a kick... |
RHI wins order at Lafarge Exshaw works22 January 2015, Published under Cement NewsAustrian refractory materials maker RHI AG has been awarded a supply contract for around EUR10m from Lafarge for its plant in Exshaw, western Canada. Under the contract, RHI will deliver material for the expansion of the plant. |
India: JSW Group eyes capacity expansion19 January 2015, Published under Cement NewsThe JSW Group plans to expand its cement production capacity to 30Mta over the next decade from the current 5Mta as it seeks to become a bigger player on the Indian cement market scene. Speaking to BusinessLine reporters, Seshagiri Rao, Joint Managing Director of JSW Steel said the group plan is to become a significant player in the sector with 30Mta capacity by 2025. The company, one of India's largest business conglomerates, is looking to setting up grinding units closer to its steel pl... |