Cement News tagged under: investment
Pakistan cement sector records 7.3% fall in FDI21 December 2018, Published under Cement NewsPakistan’s cement and construction industries received a total foreign direct investment (FDI) of US$265.3m during the July-Nov 2018 period, according to the State Bank of Pakistan. This translates to a fall of 10.7 per cent YoY compared to US$296.9m of the year-ago period. The cement sector alone attracted US$22.9m of FDI in the first five months of FY18-19, decreasing 7.3 per cent YoY from US$24.6m. Meanwhile, the construction industry saw a decline of 10.9 per cent to US$242.5m. |
Siberian Cement invests to develop units in 201920 December 2018, Published under Cement NewsRussia’s Siberian Cement has announced plans to invest RUB4.52bn (US$67.86m) to develop its production units in 2019. The funds, double the amount allocated in 2018, will be used for environmental measures, production renovation, automation of the process control system, technical renovation and logistics development, according to Kommersant-Sibir. The company’s Krasnoyarsk facility will see an RUB311m investment to construct a single 130m chimney for its kilns. The project is expected to b... |
Cementos Polpaico swings into black in 9M1826 November 2018, Published under Cement NewsChile-based Cementos Polpaico has reported revenues of CLP121.321bn (US$ 179.8m) in January-September 2018, representing a 25.9 per cent YoY increase. In addition, the company has achieved a rise in net profits to CLP3.15bn, a considerable improvement when compared with losses of CLP2.281bn in the previous-year period. In a year, the cement producer renewed its brand image and presented a new corporate image that is part of its development strategy following the entry of the Hurtado Vi... |
New plant project for Uzbekistan20 November 2018, Published under Cement NewsThe foundation of a new cement plant has been laid in Kattakurgan district of Samarkand region, Uzbekistan. The two-stage project is expected to create 2.4Mta of capacity at an investment of US$420m. It has been planned in cooperation with Chinese investors, according to Uzbekistan National News. The first stage, taking place over the 2018-20 period, will realise 1.2Mta of capacity at a cost of US$220m. The second stage is expected to be implemented in 2020-23. |
EAPCC's plan to raise funds relies on court outcome28 August 2018, Published under Cement NewsKenya's East African Portland Cement Co (EAPCC) has announced that its plan to sell land to raise much-needed operational capital is dependent on the outcome of certain court cases. "We have all our land titles intact in the bank. They are under lock and key and those claiming share of Portland land assets need to understand this," said Peter ole Nkeri, managing director, EAPCC. The bailout plan was expected to raise KES15bn (US$149m), which would have enabled the company to pay its debts... |
FDI Pakistan touches 53% growth in FY1818 July 2018, Published under Cement NewsPakistan's cement and construction industry received foreign direct investment (FDI) of US$766.3m during the 12 months of FY17-18 (July -June), compared to US$501.9m received in corresponding months of last fiscal year. This translates a YoY growth of 53 per cent, says the State Bank of Pakistan (SBP). The breakdown shows that cement industry attracted FDI of US$59m and the construction industry US$707.30m compared to US$36m and US$465.90m, respectively in July 2016-June 2017. According... |
Caribbean Cement build new Rockfort administration building17 July 2018, Published under Cement NewsCaribbean Cement held a groundbreaking ceremony for the construction of Caribbean Cement's new administration building at Rockfort last Friday. The previous building at the Rockfort cement plant was destroyed by a fire in January 2017. Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, attended the groundbreaking ceremony and told guests, "I really am pleased to hear that the company is not just investing in equipment, and we are seeing that you are only importing eq... |
RHI Magnesita undertakes major investment in China27 June 2018, Published under Cement NewsRefractory specialist RHI Magnesita will invest EUR20m in its dolomite plant in Chizhou, Anhui province in China. The step is part of a decisive response to address global pressures in the supply of raw materials to the refractory industry and rapidly provide additional volumes to its worldwide customers, said the company in a statement. The Chizhou site includes an extensive dolomite mine and raw material production as well as facilities for the production of high-quality dolomite-bas... |
Pakistan cement industry receives US$54.1m FDI22 June 2018, Published under Cement NewsPakistan’s cement industry has received a net foreign direct investment (FDI) of US$54.1m in July 2017-May 2018, up 63 per cent when compared with July 2016-May 2017 when FDI reached US$33.3m, according to data published by the Pakistan’s central bank, the State Bank of Pakistan. Overall investment including other sectors slipped from US$2.5bn to US$2.47bn over the same period. |
Investors urged to finance Dangote and Lafarge Africa growth04 June 2018, Published under Cement NewsFollowing last month's approval of a NGN9.1trn (US$25bn) budget for 2018, Nigeria is set to go on a massive infrastructure spending spree. Eager to be at the forefront of cement supply, Dangote Cement and Lafarge Africa are urging foreign investors to get onboard. The budget is the nation's biggest-yet spending plan, says Bloomberg, with almost a third of it going into roads, rail, ports and power. Furthermore, with a major housing gap of 17m, which is expected to increase in line... |