Cement News tagged under: new capacity
UltraTech Cement22 May 2019, Published under Cement NewsFollowing its acquisition of Binani Cement, UltraTech Cement is now looking to sell the 3Mta integrated cement plant in China and 2.5Mta grinding plant in UAE it inherited as part of the deal. Prior to the agreement with UltraTech, Binani had tried to sell its 90 per cent stake in the Chinese plant but was unsuccessful. Finding a buyer for the UAE grinding works is also expected to be difficult due to overcapacity in the country. Meanwhile, UltraTech is pushing ahead with its plans to est... |
Anhui Conch22 May 2019, Published under Cement NewsAnhui Conch’s revenue increased by 62.5 per cent YoY to CNY30.5bn (US$4.4bn) in the opening quarter of 2019. Net profit over the same period advanced by 27.2 per cent from CNY4.77bn to CNY6.08bn. Earnings per share improved from CNY0.90 in 1Q18 to CNY1.14 in 1Q19. Meanwhile, Qarshi Conch Cement, a subsidiary of Anhui Conch, has commenced work on its new US$150m plant in Karshi, Uzbekistan. The plant, which will have a cement production capacity of 1.2Mta, is due to become operational in D... |
Huaxin Cement begins Zafarabad plant build in Uzbekistan22 May 2019, Published under Cement NewsChina’s Huaxin Cement Co Ltd has started construction on the 1.2Mta cement plant in Zafarabad district, Jizzakh region in Uzbekistan. Output from the plant is expected to be 480,000t of M400 Portland cement and 720,000Mt of M500 cement with 10 per cent of volumes earmarked for export. The facility represents an investment of US$150m, financed through direct investment and borrowed funds. As part of he investment project implementation, Huaxin Cement Co established a foreign subsidiary, H... |
China’s Gansu Hengya Cement Co to help build new Samarkand plant21 May 2019, Published under Cement NewsChina-based Gansu Hengya Cement Co will participate in a new 1.2Mta cement plant in the Kattakurgan district of Samarkand, Uzbekistan, according to a report by Trend News Agency. The project, which will be implemented in 2019-21, represents a total investment of US$340m and will be carried out in two phases. The first 1.2Mta line will cost US$220m and is scheduled for launch in 2020. A second 1.2Mta line will be added at a cost of US$120m and is due for commissioning in 2021. The plant i... |
Mali cement prices rise under absent Senegal imports17 May 2019, Published under Cement NewsCement prices in Mali have risen sharply with some blaming the absence of Senegalese imports while others have put the blame firmly at the door of the government and Diamond Cement. A present, the ex-works cement price is XOF87,500/t (US$149.09/t). However, low output at Diamond Cement’s cement plant is insufficient to serve the 3Mta Malian market. While the company has a cement capacity of 1Mta, output at the plant is currently 0.645Mt, according to representatives of the cement producer. ... |
Madhya Pradesh Power Generating Co plans grinding facility09 May 2019, Published under Cement NewsMadhya Pradesh Power Generating Co is planning a cement grinding unit at its Satpura Thermal Power Station in Sarni, Betul district, Madhya Pradesh, India. The company will offer a maximum of 4.25ha of land near its thermal power plant on payment of lease charges for 30 years and 0.25Mt of dry fly ash will be supplied free-of-cost basis during this period. The project team is currently evaluating tenders. |
Sagar Cements completed Jajpur acquisition08 May 2019, Published under Cement NewsIndia-based Sagar Cement has completed the acquisition of its 100 per cent stake in Jajpur Cements Private Ltd (JCPL). The company will now start the process of establishing a 1.5Mta greenfield grinding plant in Jajpur, Odisha. In December, Sagar Cements’ board had approved the investment of INR1.08bn (US$15.6m) in JCPL in a phased manner and to set up the INR3.08bn plant in Jajpur. The new unit is expected to be completed by March 2021. |
Chariot Steel and Power plans 300tpd grinding unit08 May 2019, Published under Cement NewsChariot Steel and Power Ltd intends to build a cement grinding plant at Kalunga Estate, Sundergarh district, Odisha, India. The unit, located on a 10acre site will produce 300tpd of OPC, PPC and PSC cement. Equipment for the INR124.7m (US$1.1m) project is yet to be ordered and Chariot currently is awaiting environmental clearance. Project completion is scheduled in 10 months from zero date. |
Uzbekistan proposes to cancel import benefits07 May 2019, Published under Cement NewsThe Ministry of Investment and Foreign Trade of Uzbekistan has proposed to abolish cement import benefits, which were introduced in January 2018. The government suggested that the abolition of the benefits will lead to more efficient production of building materials, create a competitive market and increase domestic production, according to Esmerk CIS News. Uzbekistan’s leading supplier of imported cement is Kazakhstan, which in November supplied 1500t of cement. As of April 2019, ceme... |
Maadesh Cements plans cement grinding unit in Tamil Nadu07 May 2019, Published under Cement NewsIndia-based Maadesh Cements is planning the two-phase construction of a 300tpd cement grinding unit in Kattur village, Vellore district, Tamil Nadu. The first phase will see the building of a 100tpd plant. To build the works the company has acquired a 1.57ha plot of land and estimates the project cost at INR50m (US$721,175). To produce OPC and PPC cement, Maadesh Cements will install a 20tph ball mil and draw 600kVA of power from the state grid. Quotations for the equipment have been rec... |