Cement News tagged under: investment
New CSI-IEA cement technology roadmap offers strategy for 24% cut in CO2 emissions06 April 2018, Published under Cement NewsThe Cement Sustainability Initiative (CSI) and International Energy Agency (IEA) have published a new technology roadmap, Low-Carbon Transition in the Cement Industry, to update the first global cement roadmap produced in 2009. The roadmap provides a combination of technology and policy solutions to reducing direct carbon emissions by the cement industry by 24 per cent below current levels by 2050. It outlines policy priorities and regulatory recommendations as well as investment stimulat... |
Vicat04 April 2018, Published under Cement NewsVicat is to invest some EUR223m in its Indian operations. Of this, EUR60m will be spend on a 1.75Mta grinding centre at Vizianagam in Andhra Pradesh for completion by the middle of 2022. EUR140m will be invested at the Karnataka works, adding a further 2.25Mta to the plant’s capacity and taking it to 5Mt by 2023. |
Ciments de Bizerte resumes exports after a decade04 April 2018, Published under Cement NewsCiments de Bizerte has restarted exports after 10 years with a 25,000t shipment of clinker to Cameroon. The consignment is part of the company’s renewed efforts to enter the export markets with bulk deliveries of clinker and cement. The Tunisian cement producers plans to export large volumes of clinker and bulk to African and Mediterranean markets, its CEO, Jalel Ben Ohman told TAP news agency. Ciments de Bizerte is investing TND250m (US$104m) in modernising its packing equipment and upgra... |
Foreign direct investment in Pakistan's cement sector rises27 March 2018, Published under Cement NewsPakistan cement and construction industry have received a foreign direct investment (FDI) of US$516.07m during first eight months of FY17-18 (July 2017-February 2018), compared to US$190m received in corresponding months of last fiscal year. This translates a growth of 172 per cent YoY. State Bank of Pakistan data reports that Pakistan's cement industry attracted FDI of US$39.8m and the construction industry US$476.90m, compared to US$25m and US$165m, respectively in July 2016-Febru... |
Dangote Cement22 February 2018, Published under Cement NewsDangote Cement has reportedly revived plans for an Initial Public Offering (IPO) sale in London, according to Bloomberg. The move could raise as much as US$1bn for the cement producer. Investment banks have apparently been contacted regarding the potential UK listing, but it could take around five months to complete the process once the banks have been officially appointed. Dangote is also rumoured to be considering a debut Eurobond although the company has not yet confirmed either dev... |
Eurocement to modernise two Leningrad works16 February 2018, Published under Cement NewsEurocement Group will invest RUB2.2bn (US$37.7m) in the modernisation of two cement plants in the Leningrad region, Russia. Pikalyovskiy Cement will see investment of RUB1bn as it receives new milling equipment and one of the two grinding lines will be converted to a closed-circuit set-up. This will enable the works to increase the output of premium cement, lower production costs and reduce air emissions. At the Peterburg cement works Eurocement will built a gas-fired thermal power p... |
Caribbean Cement plans 2-year maintenance programme16 February 2018, Published under Cement NewsFollowing a challenging 2017, Jamaican cement producer Caribbean Cement expects to roll out a two-year maintenance programme that includes a programme of reinvestment in the Rockfort plant near Kingston. "After defining 2017 as a year of transition, the board of directors is now focused on consolidation of ongoing initiatives in health and safety, and roll-out of a two-year maintenance plan to ensure improved production performance and cement output," said the statement signed by Chairman ... |
State Bank of Pakistan reports FDI fall for cement sector06 February 2018, Published under Cement NewsAccording to data of the State Bank of Pakistan, country has received a net foreign direct investment (FDI) of US$1.381bn in July-Dec 2017-18 compared to US$1.421bn in same period last year. This translates a fall of 2.8 per cent of foreign investment in Pakistan. Out of this FDI, the net investment for cement sector during July-Dec 2017-18 stood at US$18.7m compared to US$20.4m in July-Dec 2016-17. This translates a fall of 8.33 per cent. However, in a separate note, expansion projec... |
LafargeHolcim02 February 2018, Published under Cement NewsLafargeHolcim is investing some EUR100m in its southwestern French works at Martres-Tolosand. The investment is to include belt bucket elevators and drag chain conveyors. The construction work is expected to start in the final quarter of this year and be completed by the middle of 2020. |
China National Building Materials (CNBM)25 January 2018, Published under Cement NewsChina National Building Materials Company (CNBM) is one of the investors behind a government scheme to make Ghana a hub for west Africa. The Association of Ghana Industries is believed to on the verge of signing a US$2bn facility with a consortium of Chinese investors to help fund its ‘one district, one factory’ (1D1F) policy, according to GhanaWeb. The aim of the policy is to bring at least one manufacturing or processing facility to each of Ghana’s 216 districts, capitalising on the reg... |