Cement News tagged under: New plants
Pakistan: capacity expansion projects reach 27.3Mta09 March 2017, Published under Cement NewsPakistani cement producers have been announcing capacity expansions at a breakneck pace of late, reports the Business Recorder, which calculates that if all of these are completed the country’s nominal cement production capability will rise by 62 per cent to 72Mta. The Business Recorder also notes that the rise in capacity is broad-based, with all but the smallest of firms increasing their production potential. While the three largest producers – Bestway, Lucky and DG Khan – will remai... |
Egypt: Premiere aims to attract new investment for cement sector03 February 2017, Published under Cement NewsAhmed Abdelmoghny, managing director of Premiere, said his company sought to raise EGP3.5bn (US$186.9m) for an Egyptian cement company to establish a 1.5Mta cement works on the Ain Sokhna Desert road. He stressed that promoting the Egyptian plant in the Gulf is still ongoing to find financing mechanisms, noting that Premiere held several promotional meetings with several investment funds in the United Arab Emirates and Kuwait, to attract money for the cement industry. The Industrial Deve... |
Vietnam slows down cement capacity development29 December 2016, Published under Cement NewsThe Vietnamese cement sector has 20Mta overcapacity and must now slow down the pace of investment into new cement production, the government has decided. Vietnam’s cement industry development plan 2011-20, which was approved by the Decision 1488/QD-TTg in 2011 and which has until now supported the development of the industry, will be replaced by a new plan in response to current market conditions. After five years of implementation since 2011, the Prime Minister has agreed to take 14 c... |
Egypt: IDA to allow cement producers to pay licenses in installments05 December 2016, Published under Cement NewsThe Industrial Development Authority (IDA) is allowing the three winners of last week's cement production license auction to pay license fees in annual instalments, Al Mal reports. A source at the IDA said that the companies will receive their letters of guarantee in full once they begin production and would until then be paid back in tranches of EGP50m as they complete each phase of construction. Cement Egypt’s CEO Ahmed Abou Hashima (who is also CEO of Egyptian Steel) told Al Mal that ... |
PT Indocement factory to go online in 3Q1605 April 2016, Published under Cement NewsPT Indocement Tunggal Prakarsa's new cement factory in Citeureup, West Java, is expected to be operable by the third quarter of 2016, with investment of IDR6.5trn (US$491m). Indocement, part of the HeidelbergCement Group, has allotted IDR2.3trn from internal cash for its 2016 capital expenditure (capex) to finalise the construction of its new plant. The company will also use further capex for maintenance activities. Meanwhile, Indocement subsidiaries Bahana Indonor and Indomix Perkasa ha... |
India: UltraTech confirms US$2.4bn purchase of Jaypee assets01 April 2016, Published under Cement NewsUltraTech Cement has reached a definitive agreement in its deal to buy 21.2Mta of production capacity from Jaiprakash Associates (JAL) at a cost of INR159bn (US$2.4bn). India's Telegraph newspaper reports that UltratTech will acquire existing plants with a capacity of 17.2Mta as well as a 4Mta grinding unit currently under construction. Originally, the sale was to include Jaypee’s 1.2Mta Shahabad plant, but this will now be retained by JAL, which will still have 10.6Mta of production... |
Cementos Molins cuts back in Spain while expanding in foreign markets13 February 2013, Published under Cement NewsAs the Spanish construction crisis shows no sign of abatement, Cementos Molins expects to continue the adjustment in its Spanish workforce. The company’s vice-president and CEO Joan Molins said the company would be restructuring its operations, cutting back in Spain and increasingly shifting its focus to foreign markets. He announced new projects in Uruguay, Brazil, Mexico and Tunisia. Over the past five years, the firm increased its number of employees abroad from 2500 to 3200. In a... |
CMS plans to invest in third Sarawak cement plant, Malaysia06 August 2012, Published under Cement NewsCMS Bhd (CMSB) plans to invest in a third cement plant to meet the growing demand in Sarawak. Group managing director Datuk Richard Curtis said the new facility, which would have a production capacity of 600,000 to 700,000tpa, would be built in Mambong near here where the group's clinker plant is located. “The proposed third plant will cost about MYR150m. We (CMSB) will make a decision (on the proposed project) in the next three months,” he told StarBizWeek after a briefing yesterday. The... |