Cement News tagged under: Capex

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Egyptian Steel ventures into cement

19 November 2012, Published under Cement News

The Qatari-Egyptian steel producer Egyptian Steel will be investing around US$250m in a new cement works. The venture will seek to acquire a cement licence out of the seven the Egyptian government is planning to offer. If successful, it is expected that the works will have an annual capacity of 1.5-1.8Mta, said Abu Hashima, Egyptian Steel chairman. 

EBRD mulls loan to Lafarge Serbia

12 November 2012, Published under Cement News

The European Bank for Reconstruction and Development (EBRD) said on Friday it is considering providing EUR58m (US$75m) in financing to Serbian cement producer Lafarge Beocinska Fabrika Cementa to support its capital expenditure programme. The programme includes the development of a number of energy efficiency investments, further modernisation of production facilities, environmental enhancements, and targeted acquisitions and integration of aggregates businesses with its main cement operati...

Holcim: October ‘12

09 November 2012, Published under Cement News

Holcim is planning a considerable investment in modernising its Volsk works in Russia, which is currently using a wet process production system. Work is expected to start during the second quarter of 2013 and completion is scheduled for the third quarter of 2016. An official announcement about the exact plans is expected fairly shortly. Holcim Hungary is to close its Labatlan works next year. Closure had previously been deferred until 2016, with a new works to be commissioned by then. The...

Italcementi: October ‘12

09 November 2012, Published under Cement News

Italcementi is investing €150m to restructure its Rezzato works. Work is to begin this November and should be completed by the end of 2014. This investment should enable production costs to be reduced by approximately 23% and the consumption of raw materials to be lowered by 8%.

Lafarge wins rail freight ‘Oscar’ for Northfleet reconnection project

24 September 2012, Published under Cement News

Lafarge is celebrating after picking up the highest accolade at the Rail Freight Group’s Awards for its Northfleet rail reconnection project in northwest Kent. At a prestigious event, led by Rail Freight Group (RFG) chairman Lord Tony Berkeley, Lafarge was chosen ahead of DB Schenker Rail, and Network Rail & Funding Partners, in the Rail Freight Project of the Year category. Lafarge’s Northfleet rail project involved the reconnection of its former cement works on the south...

Siam Cement’s board approves investment budget, Thailand

30 August 2012, Published under Cement News

Thailand’s leading industrial conglomerate Siam Cement Group said its board has approved plans to invest about THB150-200bn (US$4.8-6.4bn) over the 2013-17 period. Most of the investments will be spent in Southeast Asia and existing projects. Speaking to reporters, CEO Kan Trakulhoon, said: "The board has approved the investment budget at the minimum of THB150bn. If we get a good deal (acquisition), we can extend the budget to THB200bn." Kan added that the company plans to announce an ...

Taiwan Cement to invest in strengthening position in China

30 August 2012, Published under Cement News

Taiwan Cement Co (TCC) is to invest TWD9bn (US$300m) annually over three years in China to achieve a production capacity of 100Mta by 2016, according to the company’s head. Chairman, Leslie Koo, said TCC’s investment this year will focus on second-phase plant construction in Anshun, Guizhou province in China, Taiwan Economic News reported. While Chinese cement demand has lagged of late due to the effects of the European sovereign debt crisis and domestic macroeconomic controls, Koo hig...

Italcementi: July '12

03 August 2012, Published under Cement News

Italcementi's 1H turnover came off by 4.9 per cent to €2299.8m while the running EBITDA declined by 11.6 per cent to €328.7m. The trading profit fell by 37.4 per cent to €100.6m, and after an 84.2 per cent increase in the net interest charge to €47.3m and a 39.8 per cent reduction in income from associates, the pre-tax dropped by 59.8 per cent to €55.4m. With a 13.6 per cent increase in the net interest charge to €63m and a loss, rather than a gain, from discontinued activities, the net gro...

Cemex: July '12

03 August 2012, Published under Cement News

Cemex' 1H turnover declined by 2.1 per cent to US$7373.1m, but the EBITDA did improve by 9.4 per cent to US$1273.2m and the trading profit rose by 40.7 per cent to US$611.9m. Net interest payments were one per cent higher at US$691.5m, giving a pre-tax loss of US$79.5m, a reduction in the loss of 68.3 per cent, and the net attributable loss was halved to US$217.4m. Shareholders' funds were declined by 11.4 per cent at the end of June to US$11,251.8m and the net debt declined by 4.3 per cent...

HeidelbergCement: July '12

03 August 2012, Published under Cement News

The Bosnian HeidelbergCement subsidiary Tvornica Cementa Kakanj is expecting a volume reduction of between 10-14 per cent this year. This would take consumption down to 40 per cent below the level seen in 2008. Domestic deliveries are expected to be some 15 per cent down on last year. Around 12 per cent of production is now exported, mainly to Croatia. HeidelbergCement's 1H turnover rose by 9.8 per cent to €6580.4m, while the EBITDA only advanced by 0.8 per cent to €911.6m as energy cos...