Cement News tagged under: Brownfield
Long Son Cement to commission third line in December11 November 2020, Published under Cement NewsThe third production line of Vietnam’s Long Son Cement, based in the central province of Thanh Hoa, is expected to be put into operation in December 2020, with a design capacity of 2.5Mta, according to Vietnam News. The construction of the line began in October 2019 and represents an investment of VND4trn (US$172.41m). Upon completion, the capacity of Long Son will reach 7Mta. |
Turkmenistan ready to expand two cement plants23 June 2020, Published under Cement NewsThe President of Turkmenistan, Gurbanguly Berdimuhamedov, has signed resolutions authorising the Ministry of Industry and Construction Production to finalise contracts for the second phase of construction on two cement plants. Both projects reportedly represent a brownfield expansion of 1Mta each. As such, the ministry has awarded Beýik-Bina Individual Enterprise the contract for the design and construction of the second stage of a cement plant in the Ahal region. A similar contract will ... |
Ramco Cements to invest INR35bn in expansion programme31 May 2019, Published under Cement NewsIndia’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 expansion06 December 2018, Published under Cement NewsThe 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 issue16 March 2018, Published under Cement NewsYadupati 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 expansion29 January 2018, Published under Cement NewsLucky 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 project10 April 2017, Published under Cement NewsThe 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 footprint07 July 2015, Published under Cement NewsJSW 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 expansion19 September 2014, Published under Cement NewsIndia’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... |