Cement News tagged under: Completed project
Anhui Conch net profit up 87.8%, China27 March 2012, Published under Cement NewsAnhui Conch announced an 87.8% rise in net profit YoY to CNY11.59bn (US$1.8bn) on the back of higher prices and sales. This figure was in line with the company’s guidance released in January when it said it expected net profit to rise more than 80 per cent. Revenue in 2011 was up 41% to CNY48.65bn from CNY34.51bn. During the year, the company sold 158Mt of cement and clinker in 2011, up 15.22 per cent YoY. It also added 33.6Mt of clinker capacity in 2011, taking total volumes to 164Mt by... |
JK Lakshmi to commission new grinding unit, India26 March 2012, Published under Cement NewsJK Lakshmi will commission a new 500,000tpd clinker grinding unit at Jharli in the next 2-3 days, managing director Vinita Singhania, said. The new plant will help the company lower its transportation costs as it currently caters to this key market from its main plant in Rajasthan. The Delhi-based company spent INR1bn raised through internal accruals and debt over the last 18 months to set up the unit, Mr Singhania said. Production at the facility will gradually be increased to reach... |
CMS Cement opens new terminal, Malaysia22 March 2012, Published under Cement NewsCMS Cement, the sole cement producer in the state of Sarawak, East Malaysia, has opened a new cement terminal in Miri as the company aims to better its supply chain operations. In a statement issued by parent company Cahya Mata Sarawak, the terminal is equipped with 6000t of storage capacity, a sealed pneumatic pipeline and two 150t steel hoppers. The new terminal will make cement distribution in Miri more reliable as bulk cement manufactured at the company’s Kuching plant can be trans... |
Birla Corp starts trial production at Chanderia, India21 March 2012, Published under Cement NewsBirla Corporation Ltd. has commenced trial production of clinker from its 1.2Mt brownfield capacity expansion project at Chanderia in Rajasthan. The Indian Bureau of Mines has conducted an inspection and undertaken various tests regarding mining activities at Chanderia and a report has since been submitted to the Court. (Economic Research India Pvt. Ltd) |
Southern Province new line begins production, Saudi Arabia06 March 2012, Published under Cement NewsSouthern Province Cement (SPC) said the production line at its Tuhama plant started commercial production last week. The new 5000tpd line brings the Tuhama plant capacity to 10,000tpd and SPC’s total capacity to 23,000tpd. Last month the company announced the launch of trial productions at its new line, SeeNews Middle East and Africa reports. |
Bamburi Cement uncertain on 2012 outlook27 February 2012, Published under Cement NewsBamburi Cement, a unit of Lafarge, reported a 28 per cent rise in 2011 turnover supported by sales from its Ugandan unit but warns its performance this year could be affected by inflation and uncertain political outlook in the lead-up to Kenya's elections. The company earned a pre-tax profit of KES8.47bn at the end of 2011 from KES7.56bn in 2010. East Africa's largest cement maker had seen a 7.4 per cent decline in profits in 2010 compared to 2009. The group's turnover increased by 28 ... |
Cements Argos: positive outlook after strong 2011 results27 February 2012, Published under Cement NewsCementos Argos, Colombia's largest cement producer, achieved more than COP3.6bn (US$2bn) in consolidated revenues for FY2011, representing YoY growth of 21% in peso terms as it reported strong performances in its Colombian and Caribbean divisions. In the US, results were still affected by the challenging conditions although the company sees interesting recovery prospects ahead. According to latest figures from Cements Argos, EBITDA for the year increased by 26% in peso terms to COP682m (U... |
Dangote Cement – Africa market expansion20 February 2012, Published under Cement NewsDangote Cement, Africa’s biggest producer of the building material, last week inaugurated its Ibese plant in southwestern Nigeria. The occasion marks a significant milestone for Nigeria, as the country moves closer to becoming a net exporting nation – something that was inconceivable even five years ago. Meanwhile, Dangote Cement continues to expand its domestic production base with major new announcements, and reasserts plans to become a major global force in the cement sector. The compa... |
Dangote inaugurates new Ibese cement plant, Nigeria10 February 2012, Published under Cement NewsDangote Cement, opened a US$1bn cement plant on Thursday, raising its production capacity by more than 40 per cent. The new plant will produce 6Mta of cement, taking Dangote’s total production to 20.25Mta. The new facility is situated in Ibese, Ogun state, just outside Lagos. "We are working towards making the company one of the eight biggest producers of cement in the world," Dangote's billionaire owner Aliko Dangote said at the plant opening. "With the commissioning of the Ibese plant,... |
Derba MIDROC Cement inaugurated, Ethiopia06 February 2012, Published under Cement NewsDerba MIDROC Cement Plc, Ethiopia’s biggest cement factory, was inaugurated on Sunday in the presence of Ethiopia’s Prime Minister Meles Zenawi and other invited guests. The US$351m plant was built by the MIDROC Ethiopia group owned by Mohammed al-Amoudi, an Ethiopian-born Saudi Arabian billionaire who is one of the biggest investors in Ethiopia. Derba MIDROC located about 70km northwest of the capital, Addis Ababa, near Chanch town of Oromia State will produce 8000tpd of cement. Al-Amou... |