Cement News tagged under: new capacity
Kazakh-Singaporean MoU on new plant in Almaty region22 November 2018, Published under Cement NewsA Kazakh-Singaporean business forum held on 21 November provided the venue for a bilateral investment treaty between the two countries as well as some 12 MoUs to establish partnerships. The agreements included an MoU on the construction of a cement plant in the Almaty Region between Kazakh Invest JSC and International Cement Ltd, Alacem LLP, according to Central Asia News. |
BUA Cement announces completion Okpella plant09 November 2018, Published under Cement NewsBUA Cement has announced the completion of its new 3Mta cement plant in Okpella, Edo state, Nigeria. Its output is expected to be delivered to the southern and southeastern Nigerian markets, enabling the company to gain a stronger foothold in these areas. The Okpella facility will be able to be fuelled with gas and heavy oils. The company is expected to announce a date for the formal inauguration of the works, of which the completion comes less than six months after the inauguration of ... |
Flying Cement make two director changes08 November 2018, Published under Cement NewsPakistan-based Flying Cement Co Ltd in Pakistan has appointed two new directors, Nadeem Tufail and Waqar Zahid. They replace Imran Chaudry and Muhammad Tawassal Majeed, respectively, from 31 October. As a result, the company's new Board of Directors now comprises: Agha Humayun Khan as Chief Executive and seven directors, ie Kamran Khan, Momin Qamar, Yousuf Kamran Khan, Qasim Khan, Samina Kamran, Nadeem Tufail and Waqar Zahid. Line No 2 upgrade The company's management has also arranged... |
Penna Cement files for an IPO for expansion plans05 November 2018, Published under Cement NewsPenna Cement has filed for a INR15,500m (US$212.2m) initial public offering (IPO) with the markets regulator Sebi to raise funds for expansion and paying off debt. Penna Cement's CEO, Vikram Reddy said Penna Cement has an expansion plan that includes a mix of brownfield and greenfield plants that will raise the company's cement capacity to 16.5Mta by 2020. The IPO will consist of a fresh issue of INR13,000m and an offer for sale of up to INR2500m by the company's promoter PR Cement Holding... |
Nepal to be self-sufficient in cement production in 201902 November 2018, Published under Cement NewsThe Cement Manufacturers' Association of Nepal claims that, while the import of clinker has increased due to high production demands, it expects the country to be self-reliant on clinker production from next year. According to Dhurba Thapa, president of Cement Manufacturers' Association Nepal, cement factories in Nepal are now producing 8.5Mta of cement. Currently, there are 53 cement factories operating in the country that annually produce 160m sacks of cement. Mr Thapa also said the two n... |
Kohat Cement expansion works on schedule31 October 2018, Published under Cement NewsThe installation of Kohat Cement Co Ltd's new 7800tpd grey cement line is making good progress at the existing plant in the Khyber Pakhtunkhwa province, Pakistan, according to the company's directors' report. Almost 70 per cent of the plant has been shipped by the supplier. Civil and erection works are progressing as scheduled, the 1QFY19 reported added. Presently Kohat Cement has 2.8Mta of grey cement capacity and 150,000tpa of white cement. |
Dangote Cement30 October 2018, Published under Cement NewsDangote Cement saw its cement sales volume improve 7.6 per cent YoY to 17.8Mt in 9M18. Over the same period, group revenue advanced by 13.5 per cent to NGN685.29bn (US$1.88bn), while net profit rose by 2.7 per cent to NGN158.28bn. Group EBITDA increased by 14.6 per cent to NGN337.3bn, while EBITDA margins grew from 48.8 to 49.2 per cent. In Nigeria the company saw sales volumes improve 11.7 per cent to 10.8Mt in 9M18 as cement demand in the country reported an uptick of 9.6 per cent YoY t... |
Gebr Pfeiffer awarded Samrat Cement contract24 October 2018, Published under Cement NewsGrinding specialist Gebr Pfeiffer has received the order for a coal grinding system to be installed at Samrat Cement Co Pvt Ltd’s new plant in the Dang region of southern Nepal. While the new kiln system will be supplied by KHD, the German contractor has ordered a MPS 225 BK coal mill from Gebr Pfeiffer to produce pulverised coal for the coal-fired kiln. The mill with a drive power of 370kW will grind 35tph of coal to a product fineness of 15 per cent R 90µm. At the same time, the coal, wi... |
South Korean investors looking at DRC limestone deposit22 October 2018, Published under Cement NewsA group of South Korean investors visited the Bakwa Tshiluila limestone deposit in Kasai Oriental province, Democratic Republic of Congo (DRC). Their mission was to carry out feasibility studies in cement production, diamond mining and agriculture. Investors were interested in the quality of limestone but reportedly voiced concern over the power supply to the area. |
New cement plant for Jamaica?22 October 2018, Published under Cement NewsHaiti-based Gilbert Bigio Group (GB) reportedly plans to build a cement plant in Jamaica to consolidate its footprint in the country, according to CPI Financial. At present it imports cement from its Domicem plant in the Dominican Republic and sells it via its Jamaican subsidiary Buying House. Mauricio Pulido, GB Energy Jamaica country head, suggested that the Jamaica venture, for which a location yet has to be found, could be led out of Haiti through Kolos, a joint venture between Domicem... |