Cement News tagged under: New plant
Dangote Cement planning Asian market entry18 June 2015, Published under Cement NewsDangote Cement is reportedly planning to enter the Asian cement market with the construction of a cement plant in Nepal. Quoting Aliko Dangote, Bloomberg reported that Dangote Cement Plc should complete a factory in Nepal by the end of 2017. It has received 90 per cent of the regulatory approvals needed to start construction in the south Asian nation hit by two earthquakes this year, he said. The company is expected to invest US$400m to build the cement plant with a capacity of as much as ... |
EPC contract signed for new Limak cement works, Turkey02 June 2015, Published under Cement NewsChina's Sinoma International Engineering Co signed a contract on Friday with Turkey's Limak Holding to build a US$155m cement factory in the capital Ankara. The factory will have a capacity to produce 5000ptd of cement, Limak officials said during a signing ceremony for the equipment, procurement and construction (EPC) contract. Construction is expected to take 20 months and Sinoma expects to complete it in the first quarter of 2017. |
A partnership for Congo26 May 2015, Published under Cement NewsAfter decades of poor growth, sub-Saharan Africa has finally launched itself on a path towards greater economic opportunity and development and is now considered the ‘new frontier’ for emerging-market investors. One project making headway in the high-growth market of DR Congo is the 1Mta Nyumba Ya Akiba integrated cement works, a joint venture between Group Rawji and Lucky Cement Ltd. By Nyumba Ya Akiba, DR Congo. Work on Nyumba Ya Akiba’s preheater has started Combined GDP grow... |
Kerneos India breaks ground on AP calcium aluminate cement plant22 May 2015, Published under Cement NewsKerneos India held a groundbreaking ceremony for a 30,000tpa greenfield calcium aluminate cement plant in the southeastern state of Andhra Pradesh (AP). Segi P Idicula, managing director of Kerneos (India and Middle East), said the Vizag project has the infrastructure to set up another 30,000tpa line, which would be taken up as the market grows. While catering to domestic needs would be its primary objective, the Vizag plant would also export products to neighbouring countries. The new f... |
Siam Cement earnings' preview: robust quarter expected20 April 2015, Published under Cement NewsThai conglomerate SCC is expected to report a strong net profit of THB10.2bn (US$315m) in the first quarter of 2015, up 21 per cent YoY and 15 per cent QoQ, according to estimations by SCB Securities. “We continue to like SCC for several reasons: 1) it benefits from low oil price via wider spreads and cheaper fuel costs and from a weak baht as a net exporter; 2) 2Q15 profit will continue strong, 3) solid three-year earnings growth of 16 per cent,” the research house stated. First qua... |
Court rules on Semen Indonesia Rembang mining activities20 April 2015, Published under Cement NewsThe Semarang (Central Java Province) State Administrative Court (PTUN) on Thursday ruled on the legality of the local government’s decision to allow PT Semen Indonesia to start mining activities in the area of its new cement plant project in Rembang, North Central Java. The ruling stated that PT Semen Indonesia could operate in the area. Prior to the ruling, strong protest rallies were held against the construction of SI's planned cement factory in Rembang. The protesters were claiming th... |
Conch reportedly in discussions for Chelyabinsk plant, Russia10 April 2015, Published under Cement NewsThe government of the Chelyabinsk region (Urals) and China's Anhui Conch Cement Co (ACCC) are negotiating the construction of a cement plant, according to Russian news sources. Conch has been provided several plots for assessment, the reports state. According to General Manager Wang Jianchao, a project scheme will be determined in the near future, whether to modernise existing production facilities or build a new at an undeveloped deposits. (Source: Esmerk Russian News) |
India: Rashmi Group to invest USD24m in new plant06 April 2015, Published under Cement NewsRashmi Group (India) intends to invest INR1.5bn (USD24m) to increase cement capacity at its 0.2Mta Jhargram grinding plant in West Bengal. The company is increasing its investment into steel products at Kharagpur and aims to use slag produced from the steel plant for cement production at the nearby Jhargram plant. |
Proposed Lebanon plant to be relocated02 April 2015, Published under Cement NewsA cement factory that was set to be built in Zahle, Lebanon, will be relocated to another area, according to reports by the Daily Star (Lebanon). The planned cement factory, which has been met with widespread opposition for Zahle residents and officials over health and environmental concerns, will now be relocated after an agreement was reached with the head of the project, Pierre Fattouch, Archbishop of the Greek Catholic diocese of Zahle and Forzol Issam Darwish announced in a news co... |
Joint-venture agreement signed for new Nepalese plant18 March 2015, Published under Cement NewsChina’s Hongshi Holdings Group on Tuesday signed a joint-venture (JV) agreement with Shivam Holdings Nepal to set up a NPR30bn (US$297m) cement factory. Hongshi Holdings will invest NPR21bn (70 per cent) in the project while the Nepali partner will inject NPR9bn. The JV will be named Hongshi-Shivam Cement Private Limited. An agreement to this effect was signed by Vishwonath Goel, chairman of Shivam Holdings, and Xu Youyuan, executive vice-president of Hongshi Holdings, in Kathmandu on ... |