Cement News tagged under: expansion
Seven Rings Cement used to build new airport terminal in Bangladesh10 October 2023, Published under Cement NewsSeven Circle Bangladesh Ltd of Bangladesh announced that it supplied 333,000t of cement and approximately 1.27Mt of the aggregates for the newly-built terminal of Shahjalal International Airport in Dhaka, which Prime Minister Sheikh Hasina inaugurated on 7 October. Shun Shing Group of Hong Kong established Seven Circle Bangladesh Ltd to produce and market cement under the Seven Rings Cement brand. The first factory of Seven Rings Cement was established at Kaligong, Gazipur, Dhaka, under t... |
Shree Cement approves NCDs to fund expansion27 September 2023, Published under Cement NewsShree Cement has approved plans to raise INR7000m (US$84.11m) through the issue of non-convertible debentures (NCD) on a private placement basis. According to Realty, the secured, rated, redeemable and taxable NCDs with a base issue size of INR3500m, with an option to retain oversubscription of up to INR3500m, will be allotted today (26 September 2023) at a face value of INR100,000 each for cash at par. The date of maturity of the NCDs to be issued on a private placement basis to certai... |
Argos MD forecasts further investments in the USA and Caribbean05 September 2023, Published under Cement NewsJuan Esteban Calle, MD of Argos SA has revealed that the company is looking to invest in the USA and nearby markets to increase imports. “In the United States, we are making a significant investment in a port in Houston, which will help increase imports,” said Mr Calle. “We are also making other relevant investments in two plants that will allow us to increase our capacity in West Virginia and South Carolina, with an additional 450,000t for the domestic market. “Furthermore, we have ... |
JSW Cement reveals IPO plans to fund expansion04 September 2023, Published under Cement NewsJSW Cement is planning to launch an initial public offering (IPO) in 2024 to raise INR40,000m (US$483.8m) to fund its ongoing expansion plans, reports Live Mint. “In 2024, we are planning to take this company public, for which we will be filing the DRHP (draft red herring prospectus) in the next six months. We will be timing the market listing after the national elections,” confirmed Parth Jindal, managing director, JSW Cement. According to the company, it hopes to raise I... |
Construction of Lebap expansion completed24 August 2023, Published under Cement NewsThe construction of the second phase of Turkmen Cement 's Lebap cement plant in Koytendag, Turkmenistan, has been completed, reports Trend News Agency. The 1Mta expansion was carried out by Turkmen Enjam. The modernisation project began in the summer of 2020 following authorisation by the Ministry of Industry and Construction. The plant’s commissioning is planned for the end of September 2023. |
UltraTech commissions 1.3Mta expansion in West Bengal13 July 2023, Published under Cement NewsUltraTech Cement has commissioned its 1.3Mta brownfield cement capacity expansion at Sonar Bangla , West Bengal, taking the plant’s total capacity to 3.3Mta. This marks completion of the company’s first phase of expansion in the eastern region. UltraTech has commissioned cement capacity of 10.3Mta in the region over the last two years, catering to the rapidly-growing cement demand in the area. The new capacity will also increase the company’s ratio of blended cement as part of its effo... |
Heidelberg Materials opens revamped Mitchell plant15 June 2023, Published under Cement NewsHeidelberg Materials celebrated the opening of its new cement plant in Mitchell, Indiana, USA on 13 June 2023. The state-of-the-art facility will be the second-largest cement plant in North America with a cement capacity of 2.4Mta, and one of the most technologically advanced and sustainable ever built. Heidelberg Materials' management joined customers, partners, as well as federal, state, and local officials to cut the ribbon. “Our Mitchell project instills pride in our rich history... |
Lucky to add a new clinker line of 1.82Mt in Iraq19 May 2023, Published under Cement NewsGM Finance and Company Secretary, Faisal Mahmood, of Lucky Cement Ltd ( Yunus Brothers Group ) informed Pakistan Stock Exchange (PSX) on 18 May that the company has made a 1.82Mta expansion plan with its joint venture partner in Samawah, Iraq, taking the total capacity under its clinker production company Najmah Al Samawah to 3.13Mta. It will coincide with the increasing cement demands in Iraq. The management expects the plant to be completed in 18 months, as per PSX notice, after... |
Nathdwara Cement commissions 0.8Mta of brownfield capacity16 May 2023, Published under Cement NewsNathdwara Cement Ltd , UltraTech Cement ’s wholly owned subsidiary has commissioned 0.8Mta of brownfield cement capacity at Neem Ka Thana , Rajasthan, India. The company along with its subsidiary now has 17.05Mta grey cement capacity in the state of Rajasthan and its total grey cement manufacturing capacity, including that of Nathdwara Cement, now stands at 129.95Mta in India. |
Orient Cement begins Devapur expansion09 May 2023, Published under Cement NewsOrient Cement (part of the CK Birla Group ) has laid the foundation stone for the expansion of its integrated cement plant in Devapur , Adilabad District, Telangana. The INR20,000m (US$243.6m) project will increase the plant’s cement production capacity from 5Mta to 8Mta. With the expansion expected to provide 4000 new direct and indirect job opportunities, the local Telangana government is also setting up a skill development centre near Devapur, offering training to local young peo... |