Cement News tagged under: new project
PT Indocement02 December 2013, Published under Cement NewsPT Indocement has posted a 7.9 per cent YoY rise in gross profit in 9M13 to IDR6.2trn (US$640m), compared to 9M12. Operating income over the same period has increased from IDR4.14trn to IDR4.42trn and EBITDA has risen around 7.5 per cent to IDR4.9trn, pushing basic earnings per share up from IDR914 to IDR980. Part of the HeidelbergCement group, PT Indocement currently operates 12 lines with a total capacity of 18.6Mta. It is hoping to boost this to 28Mta by 2018. Two new lines are current... |
Cementos Argos02 December 2013, Published under Cement NewsPanama’s continuing focus on infrastructure development is proving lucrative for leading cement producer Cementos Argos. The expansion of the Panama Canal now accounts for 30 per cent of revenue for Argos’ Panamanian subsidiary, which has been supplying materials to the project since 2009. The company is also providing cement for the construction of Central America’s first subway, the US$1800m Panama Metro. The first stage of construction, a 14km stretch of the metro system, is due for comp... |
South Africa: Chinese investment for Mamba Cement in place21 November 2013, Published under Cement NewsThe Mamba Cement project, jointly funded by China's Jidong Development Group, the China-Africa Development Fund and a South African cement company, signed the financing agreement in Johannesburg for work to begin on the project. The greenfield plant will cost US$220m to build and will be situated in Limpopo Province, South Africa. The capital fund of the project is US$100m, 51 per cent of which is held by Chinese shareholders. Unlike traditional overseas investment financing, Mamba receiv... |
PPC Zimbabwe to build new cement plant27 February 2013, Published under Cement NewsA new US$200m cement plant is to be built by Portland Holdings Ltd (PHL), the Zimbabwe subsidiary of South Africa's PPC, to service the Harare and central Mozambique markets. The new plant will have a cement capacity of about 1Mta and will coincide with the construction of a separate grinding facility in the neighbouring territory of Tete in Mozambique. The plans could significantly boost output and market share for PPC Zimbabwe which currently dominates the domestic market with Lafarge Ce... |
Cement major to set up third unit in West Bengal31 December 2012, Published under Cement NewsAmbuja Cement, the Indian subsidiary of Holcim, has expressed an interest in setting up a third unit in Bengal, according to a report in the Times of India. The company already operates plants in Sankrail and Farakka. State commerce and industries minister Partha Chatterjee said the cement major was looking to establish a new greenfield unit in Bengal. The minister was speaking to reporters on the sidelines of an event to launch the expansion of the company's 2.4Mta grinding unit in Sankra... |
Shree Vinayak plans new grinding unit24 December 2012, Published under Cement NewsShree Vinayak Cement Company, a subsidiary of Sandhu Group, is planning to expand its cement grinding unit located at Amjhore village, in the district of Dhanbad, Jharkhand state, India. Environmental permission has been granted for the expansion project, which will cost INR75m to complete. |
Financing concluded for Norm’s Azerbaijan plant24 December 2012, Published under Cement NewsA financing agreement was signed in Baku on 21 December by the General Director of Norm LLC, Hassan Yalchinkaya, and the Chairman of Pasha Bank, Farid Akhundov, paving the way for the supply of equipment from Germany for the new 5000tpd clinker plant. Under the agreement, the construction of Gyzyldash Cement by Norm LLC is guaranteed by Pasha Bank, while a USD22.3m long-term loan with a 7-year term has been arranged through German bank Commerzbank and export insurance agency Euler Hermes, ... |
Mali: new integrated Astro Cement plant to produce first cement06 December 2012, Published under Cement NewsThe latest addition to the cement industry of Mali, the Astro cement works located at Gangoterie is expected to be fully up-and-running on 21 December. The project, owned by Diamond Cement Mali (DCM), has a 1Mta cement capacity with a 0.5Mta clinkerisation unit installed at the village of Gangoterie, Bafoulabé, while grinding will take place at Ko-Gare in Kati, Koulikoro. The grinding facility has been operational since 8 June, when the first bag of cement with delivered clinker was produ... |
Secil plans to build second cement plant in Angola06 December 2012, Published under Cement NewsPortuguese group Secil plans to build a second cement plant in Angola in order to increase production from 280,000tpa to 1.8 Mta, the managing director of Secil Lobito, Augusto Miragaia, said in Lobito. The managing director said that the current needs of the Angolan market, which stand at between 4Mta and 5Mta of cement, justify construction of another plant, which is a project that the company has had in mind for a few years. Augusto Miragaia also told Portuguese news agency Lusa that... |
Uganda: new plant to lower cement prices06 December 2012, Published under Cement NewsKuwaiti-based, Dao Group plans to put up a third cement factory in Uganda to compete with Hima Cement in Kasese district and Tororo Cement in Tororo district. The company has branches in Iraq, Pakistan and the Middle East, mainly dealing in oil and gas, power generation and transmission as well as construction. The entry of a third player will come at a time when a 50kg bag of cement costs UGX32,000 (US$11.87), up from UGX27,000 (US$10) two years ago. Mohammad Aoun, the CEO of Dao Africa ... |