Cement News tagged under: Completed project
Pakistan's first coal/cement terminal begins operation05 May 2017, Published under Cement NewsPakistan's first state-of-the-art coal, clinker and cement bulk terminal has commenced operations at Port Qasim, Karachi. According to a statement by Pakistan International Bulk Terminal Ltd (PIBTL), bulk carrier African Finfoot became the inaugural vessel to call at the terminal, transporting 41,510t of coal for importer and exporter Awan Trading. A second vessel named Iris Oldendorff visited the terminal on Tuesday, carrying 39,550t. PIBTL has invested around US$ 285m in the establ... |
Dangote Cement delivers strong financial performance02 May 2017, Published under Cement NewsDangote Cement reported a strong financial performance in 1Q17 despite a fall in volumes, with record revenues which were up by 48.1 per cent to NGN208.2bn (US$679.6m) and record EBITDA of NGN103.bn, up 42.3 per cent. “Dangote Cement produced record financial results in the first three months of 2017. Despite lower Group volumes, we delivered significantly higher revenues and EBITDA after realigning prices late in 2016. Our new pricing strategy meant every tonne worked harder for us in Ni... |
UltraTech Cement FY17 sales edge ahead25 April 2017, Published under Cement NewsUltraTech Cement, an Aditya Birla group company, yesterday reported consolidated sales for FY17 of INR250.92bn (US$3.89bn) against INR248.8bn in the previous year. Profit before interest, depreciation and tax of INR58.61bn was nine per cent higher and profit after tax up 10 per cent YoY to INR27.15bn. Domestic grey cement sales was 47.62Mt, virtually flat on the 47.13Mt recorded a year earlier. For the final quarter of FY17, volumes reached 13.35Mt compared to 13.32Mt in the same quarter... |
Indonesia: Chinese plant begins production in West Papua30 August 2016, Published under Cement NewsA new cement plant funded by China’s State Development and Investment Corporation (SDIC) has begun operations in the Indonesian state of West Papua, China Daily reports. The 1.5Mta plant was designed by Anhui Conch and forms part of SDIC’s wider investment strategy in Indonesia. The plant was built at a cost of CNY2.2bn (US$329m) over a 16-month period. Li Bing, vice president of SDIC, said: "Restrained by weak industrial and logistics foundations in certain parts of Southeast Asia, ma... |
India: Shree Cement completes Aurangabad grinding unit upgrade23 June 2016, Published under Cement NewsShree Cement has announced the completion of the upgrade works to its Aurangabad grinding plant in Bihar, Business Standard reports. Capacity at the plan rose from 2Mta to 3.6Mta, effective from 22 June 2016. Shree’s shares rose by three per cent after it made the news public. Shree Cement is in the process of expanding clinker production at its Raipur works with that upgrade expected to be completed by March 2018. |
PPC eyes longer-term growth outside of Africa16 March 2016, Published under Cement NewsPPC has unveiled a new expansion strategy that envisages doubling the business every 10 years and growing beyond its traditional markets in Africa. In an investor presentation posted on PPC's website ahead of this week’s Merrill Lynch conference in Sun City, the company set out its ambitions for the future even as it warned of falling cement sales in the first months of FY16. In the presentation, PPC states that it is on course to raise capacity to 12.7Mta by 2018 (a 47.7 per cent inc... |
Philippines: Norzagaray plant inaugurates Horomill grinding mill16 March 2016, Published under Cement NewsRepublic Cement & Building Materials Inc inaugurated a 0.85Mta grinding mill at its cement plant in Norzagaray, Bulacan province, Philippines, on Tuesday. Renato Sunico, president of Republic Cement, said that the FCB Horomill will lift the cement plant's total grinding capacity to 1.85Mta. The Norzagaray unit now comes under the wing of newly-formed CRH-Aboitiz Co following the divestment of assets by Lafarge Republic Inc last year. |
Saudi: Eastern Province Cement Co begins trial operations of new mill15 March 2016, Published under Cement NewsEastern Province Cement Co has commenced trial operations of its new 150tph cement mill, with commercial operations set to begin in the second quarter of this year, according to a bourse statement issued Monday. The Saudi cement producer added that the relevant financial impact is difficult to be set at this stage as it depends on market supply and demand. |
Song Lam 2 begins commercial operations, Vietnam07 March 2016, Published under Cement NewsHoang Phat Vissai Group said that its Song Lam 2 cement plant in the central province of Nghe An, Vietnam, has started commercial operation smoothly. Output from the plant includes cement types PCP 30, PCP 40 and clinker PCP 50, which are sold in the central region and via the group’s distribution network. The Song Lam 2 cement plant, formerly known as PetroVietnam Cement 12/9 JSC, is situated in Anh Son district, Nghe An province. PetroVietnam Cement 12/9 JSC had halted the construction o... |
Holcim New Zealand opens cement terminal at Port of Timaru26 February 2016, Published under Cement NewsHolcim New Zealand officially opened its new cement terminal at the Port of Timaru on Thursday. The facility includes a 30,000t storage dome – a first for New Zealand – and has unloaded two ships since December, according to local press reports. The Port of Timaru terminal provides Holcim access to the major market of Christchurch, utilising the silo capacity completed in January 2014 at the Lyttelton Port of Christchurch. It also provides distribution to the whole of the South Island mark... |