Cement News tagged under: Brownfield

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Ramco Cements to invest INR35bn in expansion programme

31 May 2019, Published under Cement News

India’s Ramco Cements has confirmed plans to invest INR35bn (US$501m) to expand its production capacity from 12Mt to 20Mt by 2020, following the conclusion of the country’s general election. "The uncertainty has ended and stability is back at the centre," said P R Venketrama Raja, chairman and managing director, Ramco Cements. "We expect the new government to focus on major infrastructure projects that will spur growth in the cement sector." The company has already invested INR12bn in upco...

Long Son plant to enter second phase of expansion

06 December 2018, Published under Cement News

The Vietnamese Prime Minister has issued guidelines on investment for the expansion of Long Son cement plant, Thanh Hoa, and has agreed to action the second phase with two additional production lines. Each line will add 2.3Mta of cement capacity and is expected to supply the construction of coastal and inland projects, in accordance with the country’s cement development plan for 2011-20. Line 3 is expected to enter operation in 2020, with Line 4 following in 2021. Vietnam’s Ministry of Co...

JK Cement chairman says consolidation will help correct oversupply issue

16 March 2018, Published under Cement News

Yadupati Singhania, chairman of JK Cement, has stated that consolidation will help correct the supply overhang in the cement industry, according to The Economic Times. "Consolidation in a way is good for the industry as it will take care of the excess supply," he said. "Today, there is at least 25 per cent excess supply as compared to the demand. This overhang is not good and it is the reason why you don't get the right price for your products." New capacity While consolidation may be g...

Lucky Cement may opt for Pezu expansion

29 January 2018, Published under Cement News

Lucky Cement of Pakistan has announced that in view of the continued delay in expansion plant for north, the company is evaluating for brownfield expansion of 2.3Mta at its existing plant location in Pezu, Lakki Marwat district, in the Khyber Pakhtunkhwa province.   The company's 2.3Mta fully-integrated greenfield works in Punjab province is currently awaiting approval from the Punjab government to start construction, said the company in a bourse filing. Therefore, Lucky Cement is conside...

IFC considering equity injection in Myanmar cement plant expansion project

10 April 2017, Published under Cement News

The International Finance Corp (IFC) is considering an equity injection into the brownfield expansion of Shwe Taung Cement Co's cement plant at Pyi Nyaung village, Myanmar . Shwe Taung Cement is part of a local conglomerate, Shwe Taung Group (STG) The total project cost is estimated at US$110m. The proposed IFC investment in STC comprises an investment in common equity for up to US$15m and providing an A Loan of up to US$20m. The IFC is also looking to mobilise up to US$20m through the s...

JSW Cement plans to expand Indian footprint

07 July 2015, Published under Cement News

JSW Cement is planning to expand its current 6.4Mta slag-based cement capacity in the coming years with entry into new areas beyond south India under consideration. “We are planning to go into areas other than south India such as into east and west India especially in West Bengal, Odisha and in Maharashtra that would include both the greenfield and brownfield investments. Certain approvals are being awaited and we expect them to come during the monsoon period after that we will start the c...

Chettinad Cement Corp moves on expansion

19 September 2014, Published under Cement News

India’s Chettinad Cement Corp has received all the required permits for its greenfield project in Andhra Pradesh and expansion in Karnataka. In Andhra Pradesh, the company is building a 3.5Mta integrated cement works at Guntur, reflecting an investment of INR11bn (US$181m). Chettinad Cement has acquired a 405ha plot for the unit. At Gulbarga, Karnataka, the company will be investing INR20.1bn in expanding its plant from 2.5Mta to 5.75Mta. The project includes the construction of a 130...