Cement News tagged under: Capacity

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Bangladesh awaits more funds

23 December 2013, Published under Cement News

Bangladesh’s has a fragmented cement sector with a multitude of independent grinding units, making it one of the most competitive markets in the world. It has no abundant, natural-lying domestic limestone reserves, but there is a wealth of opportunity for cement and clinker importers to establish grinding plants near the main population areas. Bangladesh’s low-lying coastal regions and settlements on river banks are prone to severe flooding as occured in June 2012 Bangladesh ...

Mexico: better times ahead?

16 October 2013, Published under Cement News

Mexico’s cement market is at a watershed moment with leading operator Cemex firmly in control of events at the top of the scale, but new production and the growing need for cement is likely to boost sales. So how far away are these better times for Mexican cement producers? GCC operates a cement plant (pictured) in Chihuahua, the largest state in Mexico After being restored to power last year, the centre-left Institutional Revolutionary Party (PRI) has been quick to galvanise Me...

Modernising for the future

08 October 2013, Published under Cement News

Next year marks the Italcementi Group’s 150th anniversary. Despite the current economic difficulties that are heavily impacting the construction materials sectors, particularly in industrialised countries, the global cement major remains committed to improving competitiveness, efficiency and environmental performance in its industrial network. During this milestone year  the modernisation of the Devnya works in Bulgaria is one of the company's key investments as it looks ahead to a long, sus...

Vietnam to launch three more plants by year-end

02 October 2013, Published under Cement News

Cement producers in Vietnam will bring three more plants into production later this year (X18, Quang Phuc and Dong Lam), according to the Vietnam Cement Association (VNCA). This will take the sector’s total capacity to the 70Mta mark and exacerbate the existing market glut. Cement consumption is forecast to reach 45-46Mt in 2013 and as a result, the new plants will increase the surplus output to 24-25Mt.   The Vietnamese cement industry is facing a challenging time as local producers h...

Holcim ceases production at Dannes

02 October 2013, Published under Cement News

Nine months after stopping the kiln at Dannes, France, Holcim officially ceased production at the plant on 30 September. Staff have been partly transferred to Lumbres, Dunkerque and Rochefort.

Saudi’s Al Jouf signs US$106.7m loan with Al Rajhi Bank

01 October 2013, Published under Cement News

Saudi cement producer and trader Al Jouf Cement has signed an agreement with the country’s largest Islamic bank Al Rajhi Bank for a SAR400m (US$106.7m) loan to partially finance the construction of a second production line. The loan is to be repaid by June 2019. At present, the company has a production capacity of 1.75Mta.

JK Cement expands capacity to support sales volume

30 September 2013, Published under Cement News

JK Cement is increasing capacity by 3Mta through two split-grinding units of 1.5Mta each in Haryana and Rajasthan in the northern region, lifting its grey cement capacity to 10.5Mta. The projects are expected to be completed by June 2014 and should help in realising higher volumes. At present, 2QFY14 results are expected to be subdued due to lower volumes and cement prices. Grey cement volumes are forecast to decline 10 per cent as the company’s southern plant noted a 30 per cent drop in ...

Nigeria: CCNN requires NGN45bn for new line

23 August 2013, Published under Cement News

A new 1Mta clinker line together with a coal grinding mill and accessories is likely to cost Cement Company of Northern Nigeria (CCNN) around NGN45bn (US$278m). CCNN intends to add the new kiln line, which will produce its Sokoto brand of cement, to meet rising demand in Nigeria. Demand rose to 18.3Mt last year and since 2005, the cement industry nearly doubled its capacity, according to local newspaper Business Day. The Nigerian market is continuing to grow and producers are still play...

Dangote cement defers LSE listing

22 August 2013, Published under Cement News

Dangote Cement has delayed plans for its listing on the London Stock Exchange (LSE) to 2014. Alhaji Aliko Dangote, chairman of Dangote Group, had announced the company intended to float a 20 per cent stake in Dangote Cement to finance its rapid expansion. Dangote's Vice Chairman, Alhaji Tajudeen A Sijuade, told Citi Business News, the company is on track to meet the stringent corporate governance requirements for a premium listing and is likely to list next year. “Maybe next year we have g...

Carthage Cement to start production September 2013

22 August 2013, Published under Cement News

Tunisia's Carthage Cement is expected to produce its first bag of cement on 2 September, according to Riadh Ben Khelifa, managing director of Carthage Cement. The cement plant represents an investment of TND836m (US$510m), of which TND500 as loans by 14 banks. Carthage’s MD added that the company is currently awaiting permission to establish a bag manufacturing plant as well permits to use alternative fuels (RDF) and derive part of its electricity from wind sources.