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Premiere-Slag International to receive investment for plant project

11 September 2019, Published under Cement News

Philippine-based AbaCore Capital Holdings Inc has announced a plan to invest up to PHP102m (US$1.9m) in Premiere-Slag International Inc to build and operate a cement plant. In a disclosure on Monday, the holding company said the investment translated to a maximum of a 10 per cent stake in Premiere-Slag, which "will operate a production facility to process and sell cement, or cement mixed with components." The unit is expected to be constructed on a 30,117m 2 site in Mabini town, Batanga...

Raysut Cement to install 1Mta grinding unit in Oman

04 September 2019, Published under Cement News

The board of Oman’s Raysut Cement Co has approved a plan to install a new grinding unit in Duqm, in the central-eastern part of the country. The 1Mta project is expected to represent an investment of US$30m, with work on the plant scheduled to begin later this month.

Birla Corp announces INR50bn expansion plans

14 August 2019, Published under Cement News

India’s Birla Corp has announced plans to increase its total cement capacity to 25Mta by 2025, with an investment of INR50bn (US$701.5m). The new capacity will be shared between the company’s existing facilities and those acquired from Reliance Cement. The first phase of expansion will see an investment of INR24.5bn in a new integrated plant at Mukutban, Nagpur, to boost overall capacity to 19.5Mta. A further INR2.5bn will be spent on a third line at its Lucknow facility taking it to 3.6M...

Eagle Cement Corp announces 44% rise in net profit

07 August 2019, Published under Cement News

Philippines-based Eagle Cement Corp has announced a 44 per cent YoY rise in net profit for the first six months of 2019 to PHP8.2bn (US$156.7m), while also reporting a 21 per cent increase in sales volume and higher selling prices. In the 2Q19 net income surged 39 per cent to PHP1.7bn and revenues showed 22 per cent growth to PHP5.1bn. "We will continue to leverage on the growing [demand for] local cement, led by the private sector, and supported by the infrastructure push of the gover...

Wonder Cement completes third line at Nimbahera

01 August 2019, Published under Cement News

India’s Wonder Cement (RK Group) has launched the third line of its facility in Nimbahera, Chittorgarh, taking total capacity to 11Mta. The new capacity was built in one year at an investment of INR11bn (US$159.29m), taking the total cost of the three units to INR41bn. "This increases our overall capacity to 11Mta, which places us well on track to meet the burgeoning demand in the premium segment of the market. We have further expansion plans across the country soon," said Sanjay Joshi, ex...

Southern Cross Cement plans new terminal in Brisbane

15 July 2019, Published under Cement News

Australia’s Southern Cross Cement, a joint venture between Brickworks, Neilsen Group and Neumann Group, has announced an AUD60m (US$42.19m) investment for a new cement terminal at the Port of Brisbane. The 200,000tpa terminal will receive imports from southeast Asia and have enough capacity to serve 10 per cent of the market in southeast Queensland.  Jonathan Riemann, general manager of Southern Cross Cement, expects population growth in the region to drive demand for cement. "Some of ...

Charah Solutions to set up third SCM grinding unit

01 July 2019, Published under Cement News

Charah® Solutions Inc has announced plans to set up its third grinding facility for supplementary cementitious materials (SCMs) in Oxnard, California, USA. "Charah Solutions is one of the leading fly ash sales and marketing companies in the country and we are proving that further with this new facility that will help stabilise the West Coast market with high-quality SCMs where availability has traditionally been inconsistent," said Scott Sewell, president and CEO of Charah Solutions. T...

Shree Cement commissions 2.5Mta of grinding capacity

28 June 2019, Published under Cement News

India’s Shree Cement has commenced commercial production at its new 2.5Mta grinding unit in Seraikela-Kharsawan district, Jharkhand. The fresh capacity is one of a number of new grinding projects that the company set out to commission by 2020. Last month, it also announced plans to add 3Mta of capacity to its unit in Pune .

CSN Cimentos plans new 3Mta plant in Brazil

14 June 2019, Published under Cement News

Brazil’s CSN Cimentos has announced plans to invest BRL1.5bn (US$387.84m) for a new 3Mta cement facility in Paraná. Eduardo Bekin, president of the Paraná State Development Agency, has confirmed that the company already has the authorisation to conduct economic viability studies and should confirm the plant by late August. The company considered constructing the plant in Sergipe State, where it owns a limestone mine, according to Valor. The final decision reportedly rests on whether the com...

Tajik Cement plans new 1.2Mta plant

12 June 2019, Published under Cement News

Tajikistan’s Tajik Cement has signed an investment agreement for the construction and commissioning of a new 1.2Mta plant. The state-run producer is reportedly seeking US$100m in foreign direct investments for the project. The country produced 1.2Mt of cement in the Jan-Apr period of this year, rising 75,000t from the year-ago period.