Cement News tagged under: capacity expansion
Central America: ready to grow14 May 2018, Published under Cement NewsCentral America’s positive but weakening economic growth trend is expected to continue into the coming years, fuelled by the diverging economies of its constituent countries. ICR looks at the supply and demand variation throughout the region, and how capacity expansion is set to continue in a region where utilisation rates are low. Trinidad Cement was acquired by Cemex via its subsidiary Sierra Trading in 2017 Central America – from Belize and Guatemala in the north to Panama in... |
Loma Negra reports 1Q YoY results growth09 May 2018, Published under Cement NewsArgentina-based producer Loma Negra reported a 41.6 per cent rise in net revenues in the first quarter of 2018 to ARS4534m (US$230m) as the company’s combined cement, masonry and lime sales volumes in Argentina increased 9.5 per cent YoY and prices were favourable. Adjusted EBITDA advanced 40.6 per cent YoY to ARS1166m although the EBITDA margin remained flat at 25.7 per cent. In addition, Loma Negra’s concrete volumes in Argentina jumped 44.8 per cent to 0.25Mm 3 as public infrastr... |
Revitalising St Marys Cement08 May 2018, Published under Cement NewsThe resurgence in the US cement market in 2014 prompted Votorantim Cimentos-owned St Marys Cement to launch a modernisation and expansion programme of its plant in Charlevoix, Michigan, USA. The modernisation at St Marys Cement plant in Charlevoix, USA, will expand the facility’s capacity by 40 per cent to 2.1Mta A leading supplier of cement throughout the Great Lakes region, Votorantim Cimentos’ St Marys Cement officials say the 1200-acre Charlevoix site is well worth the US... |
Sanghi Cement gets environmental clearance for Abdasa08 May 2018, Published under Cement NewsSanghi Cement has received environmental clearance for its capacity expansion project at Abdasa, Kutch district, India. The cement producer is currently boosting cement capacity from 4Mta to 8.6Mta and lifting its clinker capacity from 3.5Mta to 7.5Mta. The INR13bn (US$193.7m) investment also includes the establishment of a grinding facility at Surat. "We raised finance for the project sometime back and one of the fund raising conditions was that the company would have get environment... |
New plants boost Uganda cement industry08 May 2018, Published under Cement NewsIn the coming month, the Ugandan cement industry is expected to expand with two new plants in Tororo district as Simba Cement and Hima Cement commission their projects. Construction of the works started in February 2017. Simba Cement will bring its 3000tpd works at Tutir, on the Tororo-Mbale highway, online this month, according to Vishnu Patel, Simba Cement’s country manager. “We will offer employment opportunities to over 200 people directly and more than 2000 people indirectly besides ot... |
Kohat Cement reports fall in profits in 3QFY1824 April 2018, Published under Cement NewsKohat Cement (KOHC) has informed the Pakistan Stock Exchange (PSX) that it earned a net profit after tax of PKR652m (US$5.6m) in 3QFY18 (January-March 2018) compared to PKR931m in 3QFY17, down 30 per cent. During 3QFY18 net sales were recorded at PKR3.52bn. It incurred an administrative cost of PKR49m and distribution cost of PKR 27m compared to PKR38m and PKR31m, respectively in corresponding period last year. The company sold 628,773t of cement during January-March 2018, compared to 5... |
Maple Leaf Cement's new line on-stream in May 201919 April 2018, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) about the progress achieved on the implementation of the expansion of its Iskandarabad plant, which is estimated to come online mid-2019. The 7300tpd dry-process grey clinker line, a brownfield expansion at the company's existing site in Punjab, will take total grey cement capacity at the plant to 18,000tpd. The total project cost is estimated at PKR25bn (US$216m), which includes the impact of the recent dev... |
Power Cement releases update on expansion project06 April 2018, Published under Cement NewsPower Cement Ltd has released a progress report regarding its brownfield expansion project at its facility in Nooriabad, Pakistan, for the quarter ending 31 March 2018. The new 7700tpd line is expected to increase plant capacity to 3.5Mta, making the company the second-largest cement producer in the southern region. The site is positioned close to Sindh province and Karachi, with direct links to both seaports of the capital. The company has issued letters of credit for the supply of engi... |
Huaxin heads for excellence05 April 2018, Published under Cement NewsWith a clinker capacity of 60Mta and a cement capacity of 90Mta, Huaxin Cement is a major player in the global cement industry. ICR spoke with Li Yeqing, CEO of Huaxin Cement, to find out more about the company’s plans going forward. Huaxin Cement’s Yangxin works in Hubei, China, is part of the company’s 59-plant strong domestic network of cement production facilities Huaxin Cement has 146 facilities, including 59 cement plants, in 10 provinces and cities. Its Chinese works ... |
Vicat04 April 2018, Published under Cement NewsVicat is to invest some EUR223m in its Indian operations. Of this, EUR60m will be spend on a 1.75Mta grinding centre at Vizianagam in Andhra Pradesh for completion by the middle of 2022. EUR140m will be invested at the Karnataka works, adding a further 2.25Mta to the plant’s capacity and taking it to 5Mt by 2023. |