Cement News tagged: Corporate

Cementos Bío Bío to start production at Arica grinding plant

07 June 2018, Published under Cement News

Chile’s Cementos Bío Bío is expected to start production at its Arica grinding facility by September of this year, according to Economía y Negocios. Guido Sepúlveda, manager of the company’s cement sector, confirmed that the plant will supply the markets of Tarapacá and southern Peru. "It is very important for us to get to Arica, an area we were attending from Antofagasta, and we are cu...

Cemex allocates PHP3bn towards start of Solid Cement's expansion

07 June 2018, Published under Cement News

Cemex Holdings Philippines Inc has allocated PHP3bn (US$57.1m) this year towards building its new production line at its Antipolo cement factory in Rizal. Cemex Holdings Philippines is investing a total of US$225m for the Solid Cement expansion project. The new line will expand Solid Cement’s capacity from 1.9Mta to 3.4Mta.

 "Specific to the Solid Cement plant expansion – PHP2.5bn to PHP3b...

Siam City Cement becomes regional market leader

07 June 2018, Published under Cement News

Siam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17. Moreover, accord...

Orient Cement announces expansion plans

06 June 2018, Published under Cement News

India’s Orient Cement has announced plans to invest INR36bn (US$536.8m) over the next five years to expand its existing production capacity to 15Mta from 8Mta, with investments for the expansion to begin in FY20, according to Mint. The company has applied for environmental clearance to expand clinker and grinding capacity in Devapur, Telangana, and Chittapur, Karnataka, alongside plans to con...

Siam City to expand production in Sri Lanka and Bangladesh

Siam City to expand production in Sri Lanka and Bangladesh

07 June 2018, Published under Cement News

Siam City Cement (Lanka) Ltd, which is building a new vertical cement grinding plant in Galle, on the southwest coast of Sri Lanka, to raise its capacity by 0.4Mta, is on track for start-up in August. The new grinding unit is being built at an estimated cost of US$50m and of this total, Siam City (Lanka) spent US$5m to address the plant's environmental impact, according to INSEE Cement ...

Cimentos de Maiaia launches and aims to lower cement prices

06 June 2018, Published under Cement News

Cimentos de Maiaia has begun commerical operations in Mozambique. President Filipe Nyusi inaugurated Mozambique's third cement factory at the end of May. The Cimentos de Maiaia plant has a cement capacity of 0.25Mta and is located in the northern port of Nacala city. The production unit is 85 per cent Chinese owned and cost US$10.28m to build. Cimentos de Maiaia employs 48 local residents a...

Ssangyong Cement to increase energy-efficiency of Donghae plant

Ssangyong Cement to increase energy-efficiency of Donghae plant

05 June 2018, Published under Cement News

South Korea’s Ssangyong Cement Industry Co has announced plans to increase the energy-efficiency of its Donghae plant. The project includes the installation of a waste heat power generator with an energy storage system, which is expected to be operational by August. The company expects the waste heat power generator to help the facility save approximately 33 per cent of electricity, amounti...

PhilCement obtains loan to build terminal

05 June 2018, Published under Cement News

Philippines-based Phinma Corp has announced that its cement trading unit secured a PHP875m (US$16.69m) loan to construct a new cement terminal. "The loan will be used for the construction of the cement terminal that will be located in Mariveles, Bataan," said Phinma in a statement. PhilCement Corp signed the five-year fixed-term loan agreement with Security Bank on 1 June, according to B...

Vietnam Ministry proposes Quang Son cement transfer to Vicem

06 June 2018, Published under Cement News

The Vietnamese Ministry of Industry and Trade has proposed to the government to transfer the management of Quang Son cement plant from Vietnam Industrial Construction Corp (Vinaicon) to Vietnam Cement Industry Corp (Vicem), which are both government-run corporations, amid having huge losses and mounting loans, according to Viet Nam News. The loans have increased to 95 per cent of the total ...

NovaAlgoma Cement Carriers acquires 25% of JT Cement

05 June 2018, Published under Cement News

Algoma Central Corporation (ACC) has announced that NovaAlgoma Cement Carriers Ltd (NACC) has acquired a 25 per cent ownership interest in JT Cement, which operates a fleet of seven smaller pneumatic cement carriers, which also include Norway-based KGJ Cement Holdings and Erik Thun of Sweden as stakeholders. "This investment will allow us to each apply our experience and knowledge in the pneu...

LafargeHolcim starts Martres-Tolosane modernisation

06 June 2018, Published under Cement News

On Monday, LafargeHolcim announced the start of the modernisation works at its Martres-Tolosane plant in France. The project represents an investment of more than EUR100m. The first phase of civil engineering was awarded to Toulouse-based Eiffage Génie Civil. The next 12 months will see the construction of the foundations of the new preheater tower and kiln line. The allocation of the n...

PT Semen Indonesia to invest in e-commerce platform

05 June 2018, Published under Cement News

PT Semen Indonesia plans to expand its market across the country through an e-commerce platform. The company aims to increase sales through the project, reports Antara. Domestic sales of the company fell 4.5 per cent in the first quarter of 2018, decreasing to 2.27Mt from 2.38Mt. The producer is currently facing competition from new companies joining the market, according to Sigit Wahono, c...

INSEE Cement strengthens its supply chain management

04 June 2018, Published under Cement News

Cement supply to Sri Lanka's domestic market is heavily dependent on imports of clinker and bulk cement. Therefore, supply chain management plays a vital role, which has forced INSEE Cement (Siam City group) to invest in palletisers, shipunloading equipment and a larger warehouse distribution network. Thusith Gunawarnasuriya, director of Procurement and Logistics at Siam City Cement (Lanka), ...

CDC changes leadership at ARM to halt the decline

06 June 2018, Published under Cement News

British development financiers CDC have brought in Sophia Bianchi and Rohit Anand as new directors at ARM Cement, to replace replaced Ketso Gordhan and Pepe Meijer, after seeing its investment in Kenya’s Athi River Mining (ARM) plummet buy more than 90 per cent in just three years. CDC reported a KES6.9bn (US$68m) loss for the 2017 financial year on declining sales. The UK-based investment ...

Bestway Cement's Farooqia plant completes 6000tpd expansion project

06 June 2018, Published under Cement News

Bestway Cement Ltd has completed the installation of its Farooqia plant brownfield expansion project, in Khyber Pakhtunkhwa province. The expansion also includes a 9MW waste heat recovery power plant. According to Bestway Cement's Company Secretary and General Counsel, Sehar Husain, the project has completed in a record time of 14 months. The Farooqia Line II commenced production on 31 May 2...

Battambang Conch Cement inaugurates plant in Cambodia

06 June 2018, Published under Cement News

 The Battambang Conch Cement Co Ltd inaugurated its US$230m plant in Battambang province, Cambodia, on Thursday. The facility was constructed within 18 months and is expected to have a total production capacity of 5000tpd, according to the Phnom Penh Post. "Our cement factory, together with others in the industry, can supply the market’s needs and compete with imported cement on quality and...