Cement News tagged under: greenfield
Votorantim Cimentos to construct two units in Ceará, Brazil27 March 2015, Published under Cement NewsVotorantim Cimentos is to build two new units in the northeastern Brazilian state of Ceará. The projects, which were presented by company directors on 24 March at a meeting with the governor Camilo Santana, will be located in Sobral and Pecém. The plants will be known as Sobral II and Pecém II and involve a total investment of BRL969m (US$302.7m). Construction of Sobral II is sceduled to start in May this year, followed by Pecém II in July this year. The state of Ceará will offer infras... |
Joint-venture agreement signed for new Nepalese plant18 March 2015, Published under Cement NewsChina’s Hongshi Holdings Group on Tuesday signed a joint-venture (JV) agreement with Shivam Holdings Nepal to set up a NPR30bn (US$297m) cement factory. Hongshi Holdings will invest NPR21bn (70 per cent) in the project while the Nepali partner will inject NPR9bn. The JV will be named Hongshi-Shivam Cement Private Limited. An agreement to this effect was signed by Vishwonath Goel, chairman of Shivam Holdings, and Xu Youyuan, executive vice-president of Hongshi Holdings, in Kathmandu on ... |
IDA to propose 12 licences in Upper Egypt17 March 2015, Published under Cement NewsThe Industrial Developmental Authority (IDA) is set to propose 12 new cement licences in several Upper Egypt governorates this year, according to its chairman. The IDA is also working on preparing new mechanisms and regulations for proposing cement licences, before submitting them to Prime Minister Ibrahim Mehleb within 10 days. Mehleb will approve them as soon as possible, said Ismail Gaber, Chairman of IDA, told Daily News Egypt on the sidelines of the Economic Summit in Sharm El Sheikh. ... |
Dangote’s Zambian plant due to start operations by month-end13 March 2015, Published under Cement NewsDangote Cement’s Zambian cement plant is scheduled to start operations at the end of this month, group CEO, Aliko Dangote, has said. Speaking to journalists shortly after touring the plant, Mr Dangote explained that floods triggered by heavy rain and bureaucracy in acquiring a permit from the Zambia Environmental Management Agency (ZEMA) caused delays in the commissioning of the 1.5Mta cement plant. “There was a delay of getting a permit from ZEMA, which actually made us start production ... |
Jaipur plant proposals, India10 March 2015, Published under Cement NewsFive new cement plants will be set up in Jaipur, the largest city of the northern Indian state of Rajasthan, with a total production capacity of around 3Mta. The mines department has issued a letter of intent (LOI) to the firms and submitted the application for approval from the Union government. Three LOI have been given for blocks at Chittorgarh while two are issued for the blocks in Jaisalmer district. The proposal of all the five blocks have been sent to Geological Survey of India (GS... |
SCG Indonesia on course to launch operations in 3Q1505 March 2015, Published under Cement NewsSCG Indonesia, part of SCG Cement is set to launch operations of its first cement plant in Indonesia during the third quarter of the year. The US$356m cement plant, situated in Sukabumi, West Java, is slated to produce as much as 1.8Mta, SCG Indonesia country director Nantapong Chantrakul told reporters in Jakarta on Tuesday. The plant’s products, all of which will be sold locally, will enable SCG Indonesia’s cement operations to sustain itself without imported products from Thailand. “Mo... |
DG Khan eyes new Pakistan plant construction20 February 2015, Published under Cement NewsDG Khan plans to build a US$300m near Karachi as economic growth boosts cement demand in Pakistan. “There will be a shortage domestically in three years if there is 10 per cent growth in demand each year,” Inayat Ullah Niazi, CEO of DG Khan, told Bloomberg in an interview. The new plant near Hub, a city west of Karachi will produce about 2-2.5Mta of cement, Niazi said. Construction is slated for completion in late 2018. Some 40 per cent of the project will be financed through internal... |
Hoang Phat Vissai Group kicks off plant construction, Vietnam06 February 2015, Published under Cement NewsHoang Phat Vissai Group has started construction of Song Lam cement plant in Vietnam’s central province of Nghe An. Located in Bai Son commune, the 18,000tpd works will be developed into two phases, the first of which will be completed within 18 months, according to chairman Nguyen Ngoc Oanh. Phase one will span the 2015-17 period and involve the construction of two production lines with a combined clinker capacity of 12,000tpd. The second phase involving 6000tpd of clinker will be develop... |
Fitch affirms Pacasmayo's ratings; outlook stable19 January 2015, Published under Cement NewsFitch Ratings has affirmed the following ratings for Cementos Pacasmayo SAA): • Foreign currency Issuer Default Rating (IDR) at 'BBB-'; • Local currency IDR at 'BBB-'; • Senior unsecured US$300m notes due 2023 at 'BBB-'. The Rating Outlook is Stable. Key rating's drivers Solid business position Fitch said the ratings reflects Pacasmayo's solid business position, as the only cement producer in Peru's northern region which has resulted in high margins, low leverage and solid liquidi... |
India: UltraTech outlines upcoming greenfield expansion16 January 2015, Published under Cement NewsFollowing its planned takeover of two cement plants owned by the Jaypee group, UltraTech has outlined its next phase of greenfield expansion. India’s largest cement producer is planning to set up two greenfield grinding units in Bihar and West Bengal, according to managing director OP Puranmalka. In addition, the company plans to build a bulk terminal in Maharashtra to enhance transport and logistics, and increase capacity at its existing plant in Rajasthan. While the capacity expansion w... |