Cement News tagged under: CAPEX
Adani Group investment to soar12 January 2023, Published under Cement NewsThe Adani Group will invest over INR600,000m (US$7.4m) in a number of sectors in Madhya Predesh that would create thousands of jobs. This would reshape the economy of several districts in the state, said Pranav Adani, director at Adani Enterprises, at the seventh Madhya Predesh Global Investors Summit. Currently, the group has investments of close to INR275,000m in sectors such as power generation and transmission, gas distribution, cement manufacturing and agro processing, among other... |
Lucky Cement becomes the largest cement producer in Pakistan23 December 2022, Published under Cement NewsLucky Cement Ltd informed Pakistan Stock Exchange (PSX) on 22 December that construction and installation work concerning the brownfield expansion of the additional line of 3.15Mta at its manufacturing site at Pezu , Khyber Pakhtunkhwa (KPK), has been completed within the planned project timelines. In a regulatory filing, GM Finance and Company Secretary, Faisal Mahmood, said the new line is operational and clinker production commenced on 22 December 2022. The company’s total producti... |
Bestway Cement's post expansion capacity will stand at 15.2Mta30 November 2022, Published under Cement NewsThe top management of Bestway Cement Ltd organised a corporate briefing earlier this month to discuss the company's 1QFY22-23 results and outlook. The company's CFO, Muhammad Amir Khan, and Head of Budgeting, Treasury and Reporting, Muhammad Danish Khan, of Bestway Cement Ltd announced that the start of commercial operation of 7200tpd clinker line at the Minawali location is expected in December 2022 and the 7200tpd clinker line in Hattar II will start up in March 2023. The post-expan... |
Shree Cement targets improved distribution07 July 2022, Published under Cement NewsShree Cement , India's country’s third-largest cement group, plans to increase its share in its existing markets by offering varied products based on requirements of different customers and improving distribution as a short-term goal. “We are envisioning an increase in installed capacity to 80Mta by 2030, exploring new geographies through both the organic and inorganic routes,” Prashant Bangur, joint managing director, Shree Cement, told shareholders in the company’s annual report for F... |
Dalmia Bharat Ltd announced INR90,000m capex spending10 June 2022, Published under Cement NewsDalmia Bharat Ltd has said that the government's continued focus on the infrastructure and housing sectors builds ‘optimism’ for the cement industry and the company has committed to a capex of over INR90,000m to expand its manufacturing capacity over the next few years to meet the growing demand. "Aligned with the government's vision of building a stronger India, we committed a capex of INR90,000m over the next few years. We are eyeing greenfield units and the debottlenecking... |
Titan Group invests US$37m in Norfolk import terminal19 May 2022, Published under Cement NewsTitan Group is expanding its effective capacity in the USA with a new US$37m investment in its Norfolk import terminal in Virginia. The investment will upgrade Titan’s import capacity in the country while also allowing it to continue expanding its offering of low-carbon cement and cementitious products, contributing to the group’s net-zero goal. The Virginia investment, which is expected to be completed in 2023, includes the expansion of the Norfolk import terminal storage capacity with a... |
AdBri makes positive revenue and environmental progress in 202104 March 2022, Published under Cement NewsThis week AdBri announced earnings of AUD1569.2m (US$1135m) in 2021 and might have performed even better had it not been for variable demand, due to temporary Australian government COVID-19- related lockdowns. Bringing capex projects online and accelerating its decarbonisation programme will now be major goals for the group in 2022. AdBri has been transforming its operations to be more resilient during the COVID-19 period. Cement sales performed better in 2021 than in 2020, rising by 12 per... |
Ambuja Cements targets rapid expansion25 February 2022, Published under Cement NewsHaving recently released its 2021 financial results this week, Ambuja Cements has announced expansion plans as it looks towards reaching 50Mta of cement capacity. ICR Research investigates the market strategy and growth potential for one of Holcim's leading Indian subsidiaries. Ambuja Cements is one of the largest cement producers in India with a current cement capacity of 31.45Mta. The current Managing Director and CEO, Neeraj Akhoury, announced that the company's Managing Board is int... |
East African Cement Co looks to DR Congo for increased cement sales31 January 2022, Published under Cement NewsEast African Portland Cement Co (EAPCC) is looking to target cement sales in the Democratic Republic of Congo (DRC). “In the past 10 years, EAPCC has been missing from the infrastructural agenda due to competition among other challenges. Now we have come up with a five year strategic plan as we want to revamp our operations,” said Oliver M Kirubai, managing director at the EAPCC. “We are targeting the East African market, including the DRC. We are getting inquiries from Rwanda as well.” ... |
Sri Lanka back on track for growth?21 January 2022, Published under Cement NewsThis Week, Tokyo Cement Co (Lanka) laid the first foundation stone for its 1Mta modernisation project at its Trincomalee factory, commissioning in early 2023. ICR reviews local producers' determination to overcome cement shortages, the ramping up of cement and raw material import infrastructure, and plans for new capex projects. Tokyo Cement Co (Lanka)'s (TCL) investments follow the cement shortages witnessed in the 2H2021, which were mainly due to pandemic related travel restrictions hin... |