Cement News tagged under: new capacity
Algeria: Société Saoura Ciment to launch Ben-Zireg construction in 1Q1521 November 2014, Published under Cement NewsConstruction on the Ben-Zireg cement works will be started in the first quarter of 2015, said Abdelkader Bouaichaoui, CEO of Société Saoura Ciment, a subsidiary of Algeria’s Groupe Industriel des Ciments d’Algerie (GICA). “We expect to sign the contracts required to realise this important industrial project before the end of December with a Chinese partner, so they can start work on the plant,” he said. The Ben-Zireg works will be situated on a 60ha site, some 40km north of Bechar and ... |
Zuari Cement hosts groundbreaking for Gulbarga plant01 October 2014, Published under Cement NewsThrough its Gulbarga Cement Ltd (GCL) subsidiary, Zuari Cement plans to build a 3.23Mta cement works in Gulbarga, Karnataka, India. In addition, the company will be setting up a 50MW captive power plant. The foundation stone of the new plant, which is located 28km from Gulbarga on the Gulbarga-Bangalore highway, was laid on 30 September, by Francis along with Ramesh Suryanarayana, director business development, who was accompanied by the local employees of Gulbarga Cement headed by site ma... |
Indonesian July 2014 cement delivery fall 25%11 August 2014, Published under Cement NewsIndonesian cement dispatches dropped by a quarter YoY to 3.7Mt in July 2014. The slowdown is attributed to falling economic growth, the presidential election and the Idul Fitri/Lebaran holiday. Apart from business closures, the holiday also leads to the large-scale movement of workers to their hometowns, which results in trucks being banned from specific roads. According to Widodo Santoso, chairman of the Indonesian Cement Association (ASI), cement sales are expected to recover and expand... |
Cementos Yura invests PEN140m in 2014 to date01 August 2014, Published under Cement NewsCementos Yura of Peru has invested PEN140m (US$50m) in new equipment in the year to date, mainly as a result of the construction of its new cement grinding unit. Grupo Gloria's subsidiary invested US$94m in 2013. The investment is intended to place Cementos Yura in a better position to maintain its local market share and increase its export volumes. Large-scale infrastructure projects such as the southern gas pipeline, the building and extension of port facilities and the construction of ... |
Algeria: Cevital to build 8Mta cement plant24 July 2014, Published under Cement NewsThe Cevital group, owned by Issad Hebrab, plans to build a greenfield cement plant in Algeria. The country’s National Investment Council has validated the project and technical studies have started, according to Mr Hebrab in El Watan. Located in El Khroub, Wilaya, the cement works is expected to produce 8Mta in the long term. In 36 months, the first phase of construction will result in a production capacity of 4Mta, followed a year later by an additional 4Mta. The cement plant will be supp... |
Reconstructing Congo22 July 2014, Published under Cement NewsIn the west of the Democratic Republic of Congo, considerable change is afoot as the local Rawji Group enters a joint-venture with Lucky Cement of Pakistan to build a 1.3Mta cement works, Nyumba Ya Akiba sarl. In a country with sizeable cement shortages, the new plant will significantly alter the local cement supply landscape and help to develop this part of central Africa. By Lucky Cement, Pakistan. Groundbreaking for the extraction of limestone, DR Congo Home to over 77m peopl... |
Invecem awarded limestone and clay concession06 May 2014, Published under Cement NewsIndustria Venezolana de Cemento (Invecem) has been granted a licence for limestone and clay exploitation by the state government of Falcón. The 20-year licence will enable the Venezuelan cement producer to increase production by 23 per cent. "The signing of this concession is very important as it will allow us to develop our products in line with the first phase of the expansion project we have started in January and will culminate in April," said José Camejo, director of Invecem’s Cumare... |
Shanshui Cement announces 2013 gross profits of US$617.7m24 March 2014, Published under Cement NewsDuring the 12-months ended 31 December 2013, China Shanshui Cement Group Ltd’s revenue reached CNY16,535m (US$2667.85m). Gross profit was CNY3829m while profit from operations reached CNY2557m. Profit attributable to equity shareholders of the company was CNY1017m. Basic earnings per share reached CNY0.36. The Board recommended the payment of a final dividend of HKD0.092/share (US$0.01/share) for the year ended 31 December 2013. Mr Zhang Bin, chairman and general manager of Shanshui Ceme... |
PT Semen Indonesia agrees loan for new plant24 March 2014, Published under Cement NewsCement producer PT Semen Indonesia has secured a non-cash loan of IDR1.4trn (US$122.57m) from PT Bank Mandiri, said Ahyanizzaman, the company's finance director. The firm will use the facility to build a works worth IDR3.7trn ($323.92m) with a capacity of 3Mta in Rembang, Central Java, according Kontan Online. |
Congo Rep opens Dolisie cement plant24 March 2014, Published under Cement NewsDenis Sassou Nguesso, President of the Republic of Congo, inaugurated a new cement works in Dolisie, located in the south west province of Niari, on Saturday 22 March. The 0.3Mta works was financed and built by China-based Forspak International, who invested XAF34bn (US$71m). Forspak CEO, Pen An Ping, said the plant will contribute significantly towards satisfying the country’s demand for cement. According to the industrial development and private sector minister Isidore Mvouba, current c... |