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Wonder Cement plans capacity expansion, India

18 June 2015, Published under Cement News

Wonder Cement Ltd plans to increase capacity to 10Mta in the next five years from the present 3.25Mta. "We have 3.25Mta cement manufacturing capacity at our Bhatkotri village unit in Rajasthan and have invested INR1600 crore to double the current capacity to about 7Mta by setting up a second production line. It is likely to complete by this year end," Wonder Cement executive director Jagdish Chandra Toshniwal told the Press Trust of India. The company has ambitious plans to further expand ...

USA: Port of San Diego, Mitsubishi Cement Corp sign conditional agreement

18 June 2015, Published under Cement News

As part of strategic efforts to increase cargo business at the Port of San Diego, the port has entered into a conditional agreement with Mitsubishi Cement Corporation (MCC) for potential future operations at Tenth Avenue Marine Terminal. The conditional agreement, which was approved by the Board of Port Commissioners on 11 June 2015, will allow the Port to conduct a project review under the California Environmental Quality Act in anticipation of MCC's potential operations at the Tenth Avenu...

Lafarge Cement Zimbabwe secures additional funding for plant upgrades

11 June 2015, Published under Cement News

Lafarge Cement Zimbabwe has secured approval from its parent company, Lafarge Group, to invest an additional $5m on plant upgrades this year. The cement maker last year announced plans to invest about $10m-$15m on upgrading grinding capabilities. According to the company, the plant upgrades will push its volumes from 0.39Mta to 0.5Mta.   Speaking to local press at the sidelines of the company's AGM, Amal Tantawi, chief executive of Lafarge Zimbabwe, told The Herald Business that the all the...

Zuari Cement plans to increase Indian presence

11 June 2015, Published under Cement News

Zuari Cement, part of the Italcementi Group, is looking to increase its presence in India ahead of an anticipated increase in domestic consumption. The company has plans to add another 1Mta to its current capacity of 6Mta by the end of the year.  Speaking to Cnbc-TV18, Nabil Francis, MD-India, Zuari Cements said: “We have established a new site in Sholapur, so at the end of this year we will be over 7Mta as a capacity." On the outlook for cement demand growth in the country, Mr Francis s...

ARM Cement ratings affirmed, Kenya

09 June 2015, Published under Cement News

Global Credit Ratings has today affirmed the national scale ratings assigned to Kenyan cement producer ARM Cement Ltd of A(KE) and A1(KE) in the long term and short term respectively, with the outlook accorded as Stable. Summary rating rationale Global Credit Ratings (GCR) has accorded the above credit rating(s) to ARM Cement (ARM) based on the following key criteria: ARM is becoming an increasingly important player in the East African cement industry, with its market share having grown...

RAM reaffirms Lafarge Malaysia ratings on strong business and financial profile

05 June 2015, Published under Cement News

RAM Rating Services has reaffirmed the ratings of Lafarge Malaysia Bhd’s debt notes based on the strong business and financial profile. The ratings agency had on Thursday reaffirmed the AA2/Stable/P1 ratings of the group’s MYR350m Islamic securities programme (2010/2017). “The ratings are premised on Lafarge Malaysia’s strong business and financial profile. The group is the leading producer of cement in Malaysia, whose annual production capacity of almost 13Mt accounts for about 40 per...

Chinese firm signs MoU for Masvingo plant, Zimbabwe

02 June 2015, Published under Cement News

Masvingo Rural District Council has signed a Memorandum of Understanding with Xhing Xhong Cement Co of China for the establishment of a new cement plant in Zimbabwe. “I can confirm that we’ve agreed with an investor who wants to establish a cement plant in Chief Charumbira’s area. We’ve signed a Memorandum of Understanding with the investor and it’s now left to them to start the project,” Martin Mubviro, CEO of Masvingo Rural District Council, was quoted by the  Chronicle (Zimbabwe) as sayi...

Semen Indonesia reportedly plans US$340.2m Aceh plant

01 June 2015, Published under Cement News

Indonesia's largest cement maker, PT Semen Indonesia Tbk , plans to build a new plant in Aceh worth IDR4.5trn (US$340.2m), Investor Daily reported, quoting Corporate Secretary Agung Wiharto. The construction will start in 2016 or 2017 and the plant will have a production capacity of 3Mta, according to the report.

Ang plans to increase capacity in the Philippines

01 June 2015, Published under Cement News

Philippine businessman Ramon S Ang plans to expand capacity of his privately-held Eagle Cement Corp as well as construct two new cement plants in the country. In an interview published in the Philippine Star, Ang said the company plans to build two new cement facilities in Cebu and Davao, each with a capacity of 2Mta. He also plans to add a 1Mta line at its existing cement facility in Bulacan. “We are now finishing the second line and preparing to put up a third line. With Eagle...

Gansu Qilianshan to invest Kyrgyzstan project

27 May 2015, Published under Cement News

Gansu Qilianshan Cement and 8th Metallurgical Corporation signed a memo with JBK on joint construction of a cement production line project in Osh, Kyrgyzstan. The three parties plan to jointly spend US$130m building the cement production line project in southern Kyrgyzstan. The Chinese and Kyrgyzstan sides hold 80 per cent and 20 per cent of the project respectively. (Source: SinoCast Construction & Real Estate Beat)