Cement News tagged under: new capacity
PT Semen Indonesia25 May 2016, Published under Cement NewsSemen Indonesia has reported a five per cent YoY fall in revenue in the first three months of 2016 to IDR6021bn, due to a combination of lower volume and price. Over the same period, EBITDA declined by nine per cent to IDR1683bn, which was blamed on slow demand and increased competition. Pretax profit, meanwhile, contracted by 17.2 per cent to IDR1243bn. Total cement sales for the quarter, including Vietnam, came in at 6.43Mt, down 1.3 per cent YoY. Domestic sales accounted for 5.93Mt, repre... |
PT Indocement25 May 2016, Published under Cement NewsGovernment spending on infrastructure is expected to drive up cement demand in Indonesia in 2016, according to PT Indocement. Following consumption growth of 3.4 per cent in 2015, the company says that it forecasts sales to rise by 3-5 per cent this year. Along with a fall in interest rates, the government has pledged an infrastructure spend of IDR313.5trn (US$23.51bn) this year, up by eight per cent compared to 2015. In anticipation of the rise, PT Indocement is building a new 4.4Mta integr... |
Russia: new cement plant for Dagestan16 May 2016, Published under Cement NewsAzerbaijani investors will build a 1.8Mta cement works, Dagestan Cement Plant, and a 30ha Trade and Logistics Centre between Makhachkala and Kaspiysk, according to Ramadan Abdulatipov, head of the Republic of Dagestan of the Russian Federation following his visit to Baku. The Dagestan coast of the Caspian Sea is earmarked as an area for high-quality tourist infrastructure and Azerbaijani investors have been invited to help construct tourist, recreational and therapeutic complexes, hotels a... |
Bolivia: Yacuses expected to produce cement in December16 May 2016, Published under Cement NewsWork on the 0.87Mta Yacuses cement plant, owned by Itacamba Cemento, in the Germán Busch province of Bolivia, 590km from Santa Cruz, has been completed by 70 per cent, according to the latest reports in the local press. First clinker is expected to be produced in November, with first cement leaving the production line in December. Equipment for the US$220m works was delivered by China-based Tianjin Cement Industry Design & Research Institute. |
PT Semen Indonesia29 April 2016, Published under Cement NewsSemen Indonesia is one of three players in the Indonesian market suffering from falling cement prices in the wake of an influx of new players. According to a report by Trimegah Securities, the last couple of years have seen a number of new entrants to the market who are offering cement at prices up to 10 per cent below those of the country’s established manufacturers. The new players include Anhui Conch (1.55Mta), Pan Asia (2Mta), Siam Cement Group (1.9Mta), Cemindo Gemilang (4Mta) and Jui S... |
Dangote Cement29 April 2016, Published under Cement NewsDangote Group has signed a US$2bn loan with the Industrial Commercial Bank of China Ltd for its two new cement plans in Nigeria. Work has already begun on one factory in Okpella in the south of the country, which is due to start production in mid-2018. The plant, which is expected to cost US$1bn, will have a production capacity of 6Mta. A second works at Itori will boost the company’s capacity in Nigeria to 41Mta. Construction is also underway on Dangote’s new 3Mta plant in Cote d’Ivoire.... |
PT Indocement29 April 2016, Published under Cement NewsAccording to PT Indocement, its new plant in Citeureup, West Java, is due to be operational in 3Q16. The company has set aside IDR2.3trn (US$173.4m) from its 2016 capex to finish the IDR6.5trn project, with the remaining capex reportedly being used for maintenance activities elsewhere. Meanwhile, the company has acquired a stake in marine transport services firm, Lintas Bahana Abadi through its subsidiaries Bahana Indonor and Indomix Perkasa. The deal, which is worth US$2.1m, is expected ... |
Soc Cimenterie du Sahel to enter Mauritania market29 April 2016, Published under Cement NewsThe Mauritanian government has approved a project by Société Cimenterie du Sahel to set up a new cement plant. It is expected that the EUR27.118m investment will generate 300 new jobs, including 78 permanent ones. Currently operating in the Senegal and Benin markets, Société Cimenterie du Sahel is expanding its activities to Mauritania and considering other high-growth markets in the region. |
India: government approval for new UltraTech plants at Nawalgarh and Jaitaran28 April 2016, Published under Cement NewsThe Jaipur government cleared the construction of a new 3.3Mta cement unit at Nawalgarh (Jhunjhnu) by UltraTech Cement Ltd. "Investment of worth INR3000 crore [INR30bn/US$451m] will be made and around 1000 people will get direct and indirect employment in this project. It will also set up new cement unit of 2.2Mta capacity and captive power plant at Jaitaran (Pali). The company will invest INR2100 crore and around 750 people to get direct and indirect employment," said the minister. |
Vietnam PM approves Thaicement Ha Tien works12 April 2016, Published under Cement NewsVietnam's Prime Minister, Nguyen Xuan Phuc, has approved the investment in Thaicement's 4.5Mta Ha Tien plant in the Mekong delta province of Kien Giang as part of projects to be implemented during the 2011-20 period with a vision to 2030. The PM assigned the Ministry of Construction and People’s Committee of Kien Giang province to conduct a survey and exploration of limestone and clay assessment and present to National Mineral Reserves Councils for approval before granting the investment ... |