Cement News tagged under: investment
Cemex to invest in seven energy projects01 April 2016, Published under Cement NewsCemex has plans for seven energy projects in Mexico, including wind parks, according to its CEO, Fernando González Olivieri. The structure of the investment would run along similar debt-to-equity lines as used in the construction of the Ventika wind farm, promoted by Cemex and Fisterra Energy, a Blackstone subsidiary. Some 75 per cent of funds were contributed by NadBank, Banobras, Nafin, Bancomext and Santander. The balance was met by Fisterra, Cemex and other investors with Cemex investi... |
Meeting Russian requirements30 March 2016, Published under Cement NewsSince entering the Russian market in 2001 with the acquisition of the 1Mta Cesla cement plant, HeidelbergCement has expanded its local operations significantly. In this exclusive interview, Mihail Polendakov, general manager of HeidelbergCement Russia, speaks to ICR about plans for the future and adapting to changing demand requirements. Mihail Polendakov, general manager of HeidelbergCement Russia From the single Cesla cement plant in the city of Slantsy, Leningrad region, ... |
Ecocem to invest EUR5m in two UK terminals21 March 2016, Published under Cement NewsIreland-based Ecocem will open a new terminal at Runcorn, on the Manchester Ship Canal, to help the company import into the UK, and plans a second terminal later this year in the southeast of the country. The two terminals represent an investment of EUR5m. The closure of steel plants and coal-based power stations in the UK has led to a decreased supply in key raw materials for blended cements such as Ecocem’s ground granulated blast furnace slag (GGBS) cement and together with a fall in U... |
Votorantim02 March 2016, Published under Cement NewsVotorantim Cimentos is investing a further EUR1.7m in the Toral de Los Vados cement works in Spain this year, having spent EUR1.8m there last year. Clinker production at the works declined by some 10 per cent last year reflecting lower exports. with the total production also being off by 10 per cent to 0.60Mt. The tinvestments will fund environmental and health and safety improvements. |
Cemex outlines 2016 investment spend08 February 2016, Published under Cement NewsCemex plans to invest US$700m in various maintenance and expansion projects in 2016, according to Fernando González, CEO of Cemex. Of the total sum US$450m will be allocated to plant maintenance while the balance will be invested in expanding its current operations, repositioning of stock and a new plant in Colombia. In 2015 Cemex carried out a cost reduction programme, along with increasing its cash flow and selling assets. This resulted in a gain of US$75m, the first net profit in six ... |
Votorantim to invest in Spanish plant04 February 2016, Published under Cement NewsVotorantim Cimentos will invest EUR1.7m in the Toral de los Vados cement plant of its Spanish subsidiary Cementos Cosmos. The investment will fund environmental improvements as well as health and safety initiatives. Last year the Brazilian major invested around EUR1.8m in the modernisation of the facilities despite the works seeing clinker production fall by 10 per cent with further declines expected for this year. Votorantim attributed the 2015 drop due to a decrease in exports. “Our lac... |
Peru: Soboce approves BOB487.2m to continue growth23 November 2015, Published under Cement NewsAn extraordinary shareholders meeting of Sociedad Boliviana de Cemento (Soboce) has approved to reinvest BOB487.2m (US$790.9m) and raise its paid-up capital to continue its investment plans and growth in the domestic market. As a result, Soboce’s paid-up capital will more than triple from BOB196.6m to BOB683.8m. The company’s net profit in the year ended June 2015 reached BOB141.4m, representing a 13.5 per cent fall YoY. |
Votorantim07 May 2015, Published under Cement NewsVotorantim Cementos has announced a US$1600m investment programme that involves five new cement plants in Brazil, two in Turkey and one in Bolivia as well a the expansion and modernisation of a number of existing facilities. These investments cover the 2015 to 2018 period. These projects will add 6Mta of capacity in Brazil and 2.5Mt elsewhere. Longer-term, additional capacities are also being considered for the USA and Morocco. |
Votorantim announces 2015-18 investment plan03 April 2015, Published under Cement NewsVotorantim Cimentos announces a new investment package which will see BRL5bn (US$1.6bn) invested in five new factories in Brazil, one in Turkey and one in Bolivia, as well as in the expansion and modernisation of existing units in the 2015-18 period. The announcement comes after the company's 2007-14 BRL10bn investment plan through which the company expanded its global production capacity by 51 per cent. In Brazil, the priority is to increase production in the central-north and northeast ... |
Cementos Argos02 March 2015, Published under Cement NewsCementos Argos has reported a 58.8 per cent rise in profit in 2014, coming in at COP291bn (US$145m), compared to COP183bn in 2013. The growth, which was driven by domestic sales, is expected to continue in 2015 due to the Colombian government’s spending commitment on public housing and highways. Operating income expanded by 16.8 per cent last year to US$2.9bn, while EBITDA improved by 8.4 per cent to US$534m. The US division is expected to double 2014’s EBITDA of US$68m coming in around U... |