Cement News tagged under: New plant

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Shree Cement to open 3Mta Pune grinding plant in September

19 July 2021, Published under Cement News

Shree Cement's 3Mta clinker grinding unit at Patas, Pune district in Maharashstra, India, is now expected to be completed soon with commercial production to commence in September, according to company official. The western Indian expansion, which sits on a 26.6ha plot, had been delayed due to the impact of the COVID-19 pandemic and right-of-way issues. The project, which represents an investment of over INR6bn (US$80.39m), will receive clinker from its group plant in Karnataka. In 2020...

JSW Cement to sets its sights on IPO and green cement leadership

16 July 2021, Published under Cement News

This week, we look at JSW Cement's plans for the future as it attracts interest from investors, intends to expand its domestic cement capacity and make an entry into India's ready-mix sector. JSW Cement is positioning itself closer to being listed on the bourses as preparations continue to move towards an initial public offering (IPO). It is now starting to dilute minority private equity stakes in the company to a selection of investors.  JSW Cement is estimated to be worth in the regi...

New Guyana cement plant breaks ground

25 June 2021, Published under Cement News

Guyanese-owned energy company, Vas Energy Inc and its subsidiary, Georgetown Cement Co broke ground on a US$100m state-of-the-art cement plant at La Resource, Essequibo Coast, in Region Two. Chief Executive Officer (CEO) of Go-Invest, Dr Peter Ramsaroop, said Guyana's economy is currently booming and there are countless investment opportunities that are available. According to Dr Ramsaroop, the anticipated infrastructural boom in Guyana will create a high demand for cement. He told the ga...

Ghana cement plant construction could be halted by injunction

14 June 2021, Published under Cement News

President of the McCarthy Hill Residents Association, Eddie Quaynor, has disclosed the association will take out an injunction to stop the new construction of the new Empire cement factory in South McCarthy Hill, Ghana, if authorities do not ensure its closure.   The McCarthy Hill Residents Association recently held a press conference to protest against the location of a cement factory at South McCarthy Hill along the main road leading to Weija. Mr Quaynor informed that several petition...

Star Cement reports 10% rise in revenue

11 June 2021, Published under Cement News

India’s Star Cement has reported a 9.8 per cent YoY rise in revenue to INR6.03bn (US$82.53m) for the quarter ending 31 March 2021, compared to INR5.49bn in the year-ago period. Net profit remained largely consistent at INR853m from INR858.3m. The company also reported a 6.7 per cent YoY fall in revenue to INR17.2bn for the FY20-21. Net profit declined 34.5 per cent to INR1.87bn from INR2.86bn. Star Cement also commenced production at a new 2Mta grinding unit in Siliguri, West Bengal, in J...

Bestway Cement to set up greenfield cement plant in Punjab

27 May 2021, Published under Cement News

Bestway Cement Ltd has informed the Pakistan Stock Exchange on 27 May that it is setting up a greenfield cement plant with a clinker capacity of 7200tpd, near Paikhel, Mianwali, Punjab province. Company Secretary, Sehar Husain, added that the plant would have a 9MW waste heat recovery plant built by Sinoma International Engineering Co Ltd of China.  In addition, all necessary regulatory approvals and financial arrangements have been secured. However, no time frame of completion wa...

Dugongo Cement plant inaugurated

27 May 2021, Published under Cement News

Mozambican President Filipe Nyusi   inaugurated the 2Mta Dugongo Cement plant, in the southernmost district of Matutuine, on Wednesday. The US$330m   investment by the Chinese West International Holding sees the creation of a greenfield plant on 400,000ha, including a quarry and residential complex for some of the 300 permanent staff. Dugongo Cement has its own charcoal-fired 36MW power station. Water is taken from the Maputo River basin and treated to serve the plant. Pre...

Egypt's government set to put the brakes on cement production

14 May 2021, Published under Cement News

The Egyptian government has decided to take direct action to curb the excess production in the country's cement sector. In an attempt to ease the flow of cement, the government has proposed that cement producers reduce their production by 10 per cent. The government itself has contributed to the oversupply with the creation of its 13Mta military plant in Beni Suef cement plant in 2018, which has seen its sales fall by half, according to military executives. Under the formula proposed last...

Dzata Cement set to begin operations at 1.2Mta plant

12 May 2021, Published under Cement News

Ghana-based Dzata Cement is expected to begin cement production next month at its facility in Tema. Representing an investment of more than US$100m, the plant is expected to produce 1.2Mta in its first phase. "What I can say is that we are bringing the highest quality of cement into the market and with the expectation that it will stabilise the supply and pricing as well," said Philip Archer, managing director. "The first phase which we are seeing will be giving us more than 1Mt per year...

Oman Cement puts US$250m project on hold

04 May 2021, Published under Cement News

Oman Cement Co has reportedly put its US$250m Duqm plant project on hold, pending confirmation of fuel availability. "The company's decision to set up a new cement plant at Duqm with a capacity of 5000tpd of clinker has currently been put on hold pending confirmation of the availability of fuel and its strategic decision to expand capacity of its existing plant in Muscat," said the company. In March, the company had received bids from EPC contractors and appointed a project consultant fo...