Cement News tagged under: CAPEX
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... |
UltraTech Cement records net sales of INR117,430m 2QFY2219 October 2021, Published under Cement NewsUltraTech Cement Ltd, an Aditya Birla group company, announced its financial results for the quarter ended 30 September 2021. Consolidated net sales was INR117,430m (US$1558m) compared to INR102,640m over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR28,550m compared to INR28,330m a year ago. Profit before tax was INR19,470m and profit after tax was INR13,140m compared to INR17,330m and INR13,090m, respectively. Coal and petcoke... |
Pakistan is entering a new cement capacity expansion phase17 September 2021, Published under Cement NewsIn a cement conference, conducted by AKD Securities Ltd CEO, Muhammad Farid Alam, on 15 September 2021, Pakistan's cement industry producers confirmed that the country has entered another expansion phase. The total installed capacity of the cement industry in Pakistan is currently at 69Mta, and a further 18Mta of capacity is in the pipeline. This will take total production capacity to 87Mta by FY24. Atif Kaludi, CFO of Lucky Cement Ltd, Muhammad Rehan, CFO at Attock Cement Pakistan Ltd, S... |
CIMAF intent on west African expansion11 June 2021, Published under Cement NewsWest Africa has been enjoying a period of high demand growth over the last decade, and this has been accompanied by the largely unrestrained construction of grinding plants along the coastal markets between Senegal to Nigeria. The region's cement industry has been transformed and is evolving to be highly competitive. With limited limestone, clinker imports have served the flourishing sector, but establishing clinker capacity offers a crucial competitive advantage. One company and a major f... |
UltraTech Cement's 19.5Mta capacity projects start civil work11 May 2021, Published under Cement NewsUltraTech Cement has placed most of the equipment orders and has seen the start of civil work at the sites of its capacity expansion projects, according to a company update. Earlier the company had approved capacity expansion plans of 19.5Mta through a mix of brownfield and greenfield expansion, covering five integrated cement plants and 12 grinding units. The additional capacity is being created in the fast-growing markets of the east, central and north regions of the country. ... |
Ramco Cements aims to be debt-free in three years14 August 2020, Published under Cement NewsIndia’s Ramco Cements has announced plans to become debt-free in three years, while noting that FY20-21 will be a challenging year for the company. "While the initial few months were impacted by COVID-19 related lockdown, the remaining months would see slower pick up as majority of Government spending gets channelised towards healthcare and supporting weaker sections of society," said A V Dharmakrishnan, CEO. "Our priorities will be to efficiently market products and to become a debt-free ... |
Solusi Bangun Indonesia reviews its capex after challenging 2Q2010 July 2020, Published under Cement NewsSemen Indonesia-owned Solusi Bangun Indonesia (SBI) is reviewing its capital expenditure plans for 2020 due to the coronavirus pandemic, according to Bisnis. "The current conditions are still very dynamic, which depends on the corona virus which is still ongoing. Many government projects, such as from the Ministry of Public Works and Public Housing (PUPR), have not been running because of it " the company’s President Director, Aulia Mulki Oemar, said. While the company had prepared a IDR50... |