Cement News tagged under: investment
LafargeHolcim increased investment in Jerez de la Frontera24 January 2018, Published under Cement NewsLafargeHolcim’s cement plant in Jerez de la Frontera, Cádiz, Spain, invested EUR2m in improving its facilities in 2017, according to a company statement. The sum represents a 20 per cent rise when compared with investment in 2016. The investment focussed on environmental improvements, including the replacement of continuous measuring equipment in the stack and the installation of fire detection systems in the fuel unloading and storage areas. In addition, it worked on the rehabilitatio... |
Cimpor03 January 2018, Published under Cement NewsThe now-quoted Cimpor subsidiary Loma Negra is to invest some US$350m in the construction of an additional production line at its L’Amali works in Olavarría, Buenos Aires province, Argentina. The construction of the new kiln and two vertical roller mills as well as a complete system for bagging and palletising should be completed during 2020. This investment should increase the capacity by around 40 per cent to 2.7Mta. |
Philippines: Eagle Cement receives tax incentive26 September 2017, Published under Cement NewsEagle Cement Corp reported that two of its cement projects with a total cost of nearly PHP19bn (US$373m) have been recently approved by the Board of Investments (BOI) under the prevailing Investment Priorities Plan (IPP), which provides such business activities with fiscal and nonfiscal incentives. The projects relate to the PHP6.5bn expansion of the company’s Bulacan plant and the PHP12.5bn production facility of its wholly-owned subsidiary South Western Cement. In its disclosure to ... |
PPC Zimbabwe's MD vows recent investments will come good21 September 2017, Published under Cement NewsPPC Zimbabwe's Managing Director, Kelibone Masiyane, has spoken out on the long-term commitment to the local cement market and on its recent Harare and Colleen Bawn investments. PPC Zimbabwe has invested over US$120m in different projects in Zimbabwe since 2009 and is looking forward to do more, Mr Masiyane told NewsDay. "We have invested over US$120m [since 2009]. Recently, we just commissioned the Harare plant at a cost of US$82m. In Colleen Bawn we installed modern great cooler at a ... |
Capex vs opex19 June 2017, Published under Cement NewsIn the last year the moderator has been reviewing numerous existing cement facilities and proposals for new cement plants or production lines. In this process, compromises have to be made between the conflicting objectives of minimising the capital expenditure (capex) to establish a cement factory while minimising the operating expenditure (opex) when running the cement factory. The need for the fastest-possible return on investment can lead to cement producers focussing excessivel... |
Vietnamese PM invites SCG to widen its investment in the country07 April 2017, Published under Cement NewsThe Prime Minister of Vietnam, Nguyen Xuan Phuc, has used a meeting with the head of Siam Cement Group to urge the company to expand its activities within the country. The Prime Minister met SCG President and CEO, Roongrote Rangsiyopash, in Hanoi on 5 April and used the occasion to underline the benefits of further investment in Vietnam. In March 2017 SCG announced that it was taking a 100 per cent stake in Vietnam Construction Materials, giving the Thai firm 3.1Mta of cement capacity in ... |
HeidelbergCement to suspend new investment in Turkey17 March 2017, Published under Cement NewsHeidelbergCement is to suspend all new investment in Turkey due to the political uncertainty in the country, said Dr Bernd Scheifele, CEO of HeidelbergCement. He expressed concern about the current situation in Turkey, which he considers unfavourable to its economic development. A referendum on strengthening presidential powers is due to take place in Turkey in April. The refusal of Germany and The Netherlands to let the Turkish ministers campaign in their territory in favour of this co... |
Dangote Cement27 February 2017, Published under Cement NewsDangote Cement is planning a number of new investments in Ethiopia, where it currently has a 2.5Mta plant, located in Mugher. Around US$19m is being spent on a new bagging plant with a capacity of 120m bags/year, which is due for completion by mid-2017. The company is also building a new silo at its Mugher works, which is expected to be completed in 3Q17. There has been talk of Dangote investing in a second production line at the plant although spare parts are proving difficult to source due... |
Cruz Azul to invest US$300m in plants15 December 2016, Published under Cement NewsAs part of its plant modernisation programme, Mexico’s Cruz Azul plans to spend US$300m in upgrading its four plants in the next four years. Cooperativa La Cruz Azul President, Guillermo Álvarez, said half of the sum would be spent in the next two years with the remainder earmarked for 2019-20. “We will make the investment in a gradual manner in each two-year period to prevent decapitalisation of the company,” he said. The company’s oldest cement lines will be updated with latest-gene... |
Kenya: CDC completes purchase of 40% stake in ARM Cement05 October 2016, Published under Cement NewsARM Cement has completed the sale of 40 per cent of its shares to CDC Group, a UK-owned development corporation, for KES14.1bn (US$139m), Capital Business reports. The investment will strengthen ARM’s financial structure and enable the company develop to meet the growing demand for sustainably produced cement across sub-Saharan Africa. In the short-term, CDC will support the company’s plans to expand cement production in Mwingi in central Kenya, helping to bring down the cost of cement to... |