Cement News tagged under: expansion
MI Cement Factory postpones expansion plan12 October 2020, Published under Cement NewsThe MI Cement Factory Ld (MICFL) in Bangladesh informed the Dhaka Stock Exchange (DSE) on 11 October that the Board of Directors of the company, have approved the postponement of setting up the sixth cement unit in central Bangladesh. They cited as reason the severe negative impact of COVID-19 on the Bangladeshi cement industry. Earlier in January 2019, the company announced its plan to expand its daily production capacity by 76 per cent to 19,400t with the introduction of the sixth m... |
Twiga Cement to increase cement capacity in Tanzania14 August 2020, Published under Cement NewsTwiga Cement's Head of Commercial Cluster East, South and Central Africa, Yves Mataigne, says the company will invest TZS34bn (US$14.6m) this year and TZS33bn (US$14.1m) in 2021 to support Tanzania's drive for infrastructure projects. "Implementation of the mega projects has made us rethink about our production capacity as we see an opportunity for growth," Mr Mataigne said. Twiga Cement (HeidelbergCement group) has invested TZS105bn over the last five years in modernising its operatio... |
Ramco Cements aims to be debt-free in three years14 August 2020, Published under Cement NewsIndia’s Ramco Cements has announced plans to become debt-free in three years, while noting that FY20-21 will be a challenging year for the company. "While the initial few months were impacted by COVID-19 related lockdown, the remaining months would see slower pick up as majority of Government spending gets channelised towards healthcare and supporting weaker sections of society," said A V Dharmakrishnan, CEO. "Our priorities will be to efficiently market products and to become a debt-free ... |
Birla Corp to expand Durgapur grinding unit10 August 2020, Published under Cement NewsIndia's Birla Corp, owned by MP Birla Group plans to expand the existing capacity of its grinding plant at West Bengal’s Durgapur by installing an INR725.7m (US$9.69m) cement grinding unit. The company said that the demand of premium slag-based cement in the eastern region is expected to be robust and therefore, it would require extra grinding capacity. "The board of directors of the company at their meeting held today approved the proposal to carry out the expansion of existing capacity of... |
Eagle Cement Corp will pursue expansion plans21 July 2020, Published under Cement NewsEagle Cement Corp will pursue its expansion plans despite the impact of the coronavirus pandemic. Expansion-related capital expenditures will continue while spending for non-critical projects and activities "will be trimmed," said Eagle president and CEO, Paul Ang. "Our strong financial position will allow us to weather this health crisis battering the economy without giving up major components of our expansion plans, which will secure our future growth," Mr Ang said. For this year, Eagl... |
Raysut Cement targets east African expansion02 July 2020, Published under Cement NewsOman's Raysut Cement plans a five-fold increase in its cement production capacity, says Joey Ghose, Raysut Cement's CEO. The expansion would see Raysut Cement increase production from 5Mta to 26Mta in the next few years. The expansion would be accomplished through a mixture of joint ventures, acquisitions and greenfield cement projects, added Ghose. Expenditure would amount to US$65-78m in the next two years. The main area for growth would be in east Africa where the company plans to add 1... |
Turkmenistan ready to expand two cement plants23 June 2020, Published under Cement NewsThe President of Turkmenistan, Gurbanguly Berdimuhamedov, has signed resolutions authorising the Ministry of Industry and Construction Production to finalise contracts for the second phase of construction on two cement plants. Both projects reportedly represent a brownfield expansion of 1Mta each. As such, the ministry has awarded Beýik-Bina Individual Enterprise the contract for the design and construction of the second stage of a cement plant in the Ahal region. A similar contract will ... |
UNTHA to expand in Poland31 March 2020, Published under Cement NewsIndustrial shredder manufacturer UNTHA is predicting that 2020 will be the biggest year yet for its Polish subsidiary, as the waste market continues to boom. The shredding technology specialist first moved into Poland in late 2013, when a dedicated office was established in Krakow on the back of growing interest in UNTHA’s machinery – a relocation to Warsaw followed. While the country has attracted mixed views surrounding its approach to waste management over the last six years, it seems i... |
China: outward bound23 March 2020, Published under Cement NewsChina’s Belt and Road Initiative (BRI) is now an integral part of the country’s overseas expansion policy. Since its inception in 2013, the BRI has been one of the essential vehicles driving the global spread of Chinese technology and providing a platform for corporate cement and construction giants to enter new markets. ICR takes a look at the initiative’s progress to date and the impact on China’s cement industry, as its shifts from its purely domestic production base to establishing its p... |
National Cement Co of Alabama breaks ground03 February 2020, Published under Cement NewsNational Cement Co of Alabama (Vicat group), has broken ground on its US$250m expansion of the plant in the Saint Clair County town of Ragland, USA. The expansion project is built adjacent to the company's existing plant on Highway 144. The expansion, expected to be completed by 2022, and the biggest economic project in a seven-county region of central Alabama. It is by far the town's biggest employer and a huge part of the economy, according to the town's mayor. "This investment is going... |