Cement News tagged under: new capacity
Anhui Conch28 March 2017, Published under Cement NewsDespite over-capacity and intense market competition, Anhui Conch recorded a 9.72 per cent increase in revenue in 2016 to CNY55.9bn (US$8.1bn), compared to the previous year. Net profit came in at CNY8.57bn, up 13.7 per cent YoY, while earnings per share saw a 13.7 per cent increase on 2015 to reach CNY1.62. According to the company, it adopted a “one policy for one region, one policy for one plant and implementation of different policies’, which achieved a stable increase in sales volume... |
China National Building Materials (CNBM)28 March 2017, Published under Cement NewsChina National Building Materials (CNBM) has been in talks with the President of Tanzania regarding the construction by Sinoma International Engineering Co of a new cement plant in the country. The proposed works is to be located at the coastal town of Tanga with 30 per cent of its output destined for the domestic market, while the remaining 70 per cent will be exported to neighbouring markets such as the Democratic Republic of Congo (DRC), Uganda and Sudan. The final production capacity ... |
Dangote Cement28 March 2017, Published under Cement NewsDangote reported cement sales of 2Mt in Ethiopia in 2016, giving it an estimated market share of 24 per cent, despite renewed competition in 4Q16. The company’s 2.4Mta plant, located in Mugher, 90km from the capital Addis Ababa, opened in May 2015, achieving 1Mt of sales in its first seven months of operation. The plant has not only been supplying the domestic market, where low per capita consumption and good economic growth bode well for the producer, it has also been exporting, primaril... |
Semen Indonesia28 March 2017, Published under Cement NewsFor Semen Indonesia, March has seen continuing protests against its new Rembang cement plant in Central Java. With its launch already delayed by a number of months due to complaints from local farmers, the company has agreed to postpone its opening until May or June while the issues are resolved. Local farmers fear the new works will compromise the quality of groundwater in the region. Semen Indonesia argues that it has offered a potential solution to this issue, as well as emphasising the r... |
Pakistan: Khyber Pakhtunkhwa government awards new production licences28 March 2017, Published under Cement NewsThe Khyber Pakhtunkhwa government on Monday awarded 14 licences to various industrial groups based in Pakistan for the establishment of cement factories in the province. Dawn News reported that the licencees were Premier Enterprises, Maharaj Enterprises, Gharibwal Cement, Bestway Cement and CAD International. Chief guest at the special licence distribution ceremony, Chief Minister, Pervez Khattak, claimed that the initiative would bring about a US$2.5bn investment to the province and w... |
Anhui Conch in talks on Uzbekistan plant construction28 March 2017, Published under Cement NewsRepresentatives of China’s Anhui Conch Cement Co of China have visited Uzbekistan to discuss cooperation with local construction and production company Umar regarding the implementation of a cement plant in Samarkand, Novosti Uzbekistan news agency reported. Zhao Weiqiang, a senior official of Anhui Conch, said the company is looking to establish a footprint in central Asian countries, adding: “We have the intention to build here a cement plant with annual production capacity of 2Mt of cem... |
India: Emami commissions 2Mta grinding plant in West Bengal24 March 2017, Published under Cement NewsEmami has commissioned its 2Mta cement grinding unit at the Panagarh Industrial Park in the Burdwan district of West Bengal, India. The INR7bn (US$107m) works has been developed on a 65-acre site and is part of the INR3.5bn, 5.5Mta cement production complex. The company operates a clinker plant and a grinding unit at Risda in Balodabazar district, Chhattisgarh with a further 1.8Mta grinding facility planned in Odisha. The Panagarh unit will produce the complete range of OPC (Ordinary ... |
Bolivia awards Potosí contract to German-Spanish consortium22 March 2017, Published under Cement NewsThe Bolivian government has awarded the US$241m contract to construct a new cement plant in Potosí to a consortium of Germany-based thyssenkrupp Industrial Solutions and Spanish companies Imasa and Valoriza (Sacyr Group). The new plant will be located in the community of Chiutara, 4000m above sea level, making it one of the highest in the world, according to the Service’s of Development of Productive Companies (Sedem). The consortium is scheduled to the deliver the 1.3Mta plant in 36 ... |
Pakistan: Bestway Cement awards Sinoma brownfield project02 March 2017, Published under Cement NewsBestway Cement Ltd informed the Pakistan Stock Exchange that it will set up a brownfield cement plant with a capacity of 6000tpd clinker at its Farooqia site in District Haripur, Khyber Pakhtunkhwa, in northern Pakistan. According to Sehar Hussain, secretary and general counsel of the company, Bestway Cement signed an agreement with Sinoma International Engineering Co Ltd on 1 March 2017. According to the APCMA, Bestway Cement’s four plants have a combined capacity of 7.9Mta. |
US$55m loan for new Congo cement plant28 February 2017, Published under Cement NewsThe Republic of Congo and the Export-Import Bank of India have signed an agreement for a US$55m loan to finance a new cement plant in Mafoubou/Tao Tao village in the Niari department with a term of three years. The loan is payable over 25 years with a five-year grace period and at an interest rate of 1.75 per cent. Three Indian companies have already bid for the tender launched by the Indian bank. However, details about the new plant have not been disclosed. |