Cement News tagged under: investment
Votorantim02 February 2015, Published under Cement NewsIn the US, Brazil-based Votorantim is considering investing some US$130m in its Charlevoix, Michigan, cement works to raise its capacity from 1.3Mta to 2Mta. Alternatively, it may choose to re-open its Dixon, Illinois, works that was closed as the market deteriorated. |
Ecuador: Peru’s Cementos Yura buys stake in Unión Cementera Nacional26 January 2015, Published under Cement NewsCementos Yura, part of Peru’s Grupo Gloria, has acquired a 63.5 per cent share in state-owned Unión Cementera Nacional of Ecuador, which will hold the balance of shares. The $230m investment will be disbursed to the Ecuadorian cement producers via a trust over the next 40 months, during which the construction will take place of a new 2400tpd clinker production line in Riobamba. "We will participate in this company with this contribution and are very optimistic that this will benefit t... |
Votorantim06 January 2015, Published under Cement NewsVotorantim’s Spanish subsidiary Cementos Cosmos has announced that the Toral de los Vados cement works is set to increase shipments by some six per cent in 2014 to 0.67Mt. Of this, exports will account for around 185,000t with 53,000t going to Haiti, 44,000t to Ghana and 35,000t to Brazil. EUR2.5m is being invested during December to improve efficiency. |
In search of stabilisation07 November 2014, Published under Cement NewsAfter reaching a peak in 2011, Moroccan cement demand has weakened and since 2012 initiated a slowdown that has continued through 2014. Mohamed Chaïbi, president of the Association Professionnelle des Cimentiers (APC), speaks to ICR about the current status and expected trends for the domestic market and production base. Mohamed Chaïbi, chairman of the Association Professionelle des Cimentiers, explains how the Moroccan cement industry has continued to press ahead in the face o... |
PPC Zimbabwe to invest US$86m in extra capacity24 October 2014, Published under Cement NewsPPC Zimbabwe announced a US$86m investment package in Zimbabwe over the next three years as it expects rising cement demand due to infrastructure projects despite a generally stagnating building sector. The funds are earmarked for manufacturing capacity and equipment. Road-building projects and exports to Zambia, Malawi and Mozambique are generating “significant” demand, according to the company’s MD, Lekula Njombi. The cement producer also expects to supply product to private-sector powe... |
Siam Cement announces tech investment plan23 October 2014, Published under Cement NewsSiam Cement Group (SCG) has announced it plans to spend THB200–250bn (US$6.1-7.7bn) for a new five-year investment budget for the 2015-2019 period although president and CEO, Kan Trakulhoon said the final sum was expected to surpass the current five-year budget. In the new budget period, the company intends to become a technology-driven firm and is eying investment in a European tech company. The company we're talking with at the moment is a technology company in Europe. We're looking out... |
Cemex Lloseta completes environmental upgrade17 October 2014, Published under Cement NewsCemex’s 0.804Mta Lloseta plant in Mallorca, Spain, has concluded its US$16m environmental upgrade. The work included noise abatement systems, paving roads for heavy traffic as well as erecting covered raw material and coal storage silos. The plant also raised alternative fuel use from five to 35 per cent and installed more efficient burners, effectively reducing CO2 emissions by 3.8 per cent per tonne of clinker between 2006-14. The company now emits some 80,000t of CO2 less than in 2006. |
Paraguay: cement price to fall 15%16 September 2014, Published under Cement NewsCement prices in Paraguay are forecast to fall 15 per cent and production raised by 18,0000 from its present 47,000 bags after several capital investments by Industria Nacional del Cemento (INC) are completed, according to Jorge Méndez, the cement company’s president. The largest investment relates to the fuel conversion of the kiln. “At present we are currently in the pre qualification stage of this project and will award the contract at the end of the year. The conversion will reduce co... |
Unacem plans to invest US$58m in 201509 September 2014, Published under Cement NewsPeru's Unacem intends to invest US$58m in its Atocongo and Condorcocho works next year. The projects focus on the development of the Carpapata III hydropower plant, the cement mill and packing area (Condorcocha) as well as capacity expansions and other investments in fixed assets. This year, investments in its subsidiaries total US$545m as it signed a deal with Lafarge to acquire the latter's Ecuadorian cement subsidiary in June. Lafarge sales in the country are expected to reach US$190m.... |
Harnessing potential28 August 2014, Published under Cement NewsAhead of next month’s XXXI FICEM Technical Congress in the Dominican Republic, ICR speaks with the country’s cement association, Adocem, to learn more about its hopes for continued recovery in domestic demand, the importance of exports given the current overcapacity situation and the strides being made by local producers in sustainable cement production. Dominican Republic cement producers enjoyed the benefits of an expanding cement market last year. Pictured: Domicem’s Sabana Gran... |