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Votorantim Cimentos to construct two units in Ceará, Brazil

27 March 2015, Published under Cement News

Votorantim Cimentos is to build two new units in the northeastern Brazilian state of Ceará. The projects, which were presented by company directors on 24 March at a meeting with the governor Camilo Santana, will be located in Sobral and Pecém. The plants will be known as Sobral II and Pecém II and involve a total investment of BRL969m  (US$302.7m). Construction of Sobral II is sceduled to start in May this year, followed by Pecém II in July this year. The state of Ceará will offer infras...

Sri Lanka: Tokyo Cement plans expansion project

19 March 2015, Published under Cement News

Sri Lanka-based Tokyo Cement plans to invest US$50m on a capacity expansion of 1Mta to help cater for local demand requirements. The group has already formed a new subsidiary under the name of Tokyo Eastern Cement for the implementation of the project over the next two financial years. The project will receive a tax holiday of five years, and therefore a tax rate of 12 per cent. The company proposes to finance the project with internal funds and loans. During FY13-14, the group’s revenue ...

Vietnam: Hoang Phat Vissai Group receives loan for project development

19 March 2015, Published under Cement News

The Bank for Investment and Development of Vietnam (BIDV) has agreed to lend Hoang Phat Vissai Group VND6.3trn (US$296m) to to develop the Song Lam cement plant in the central province of Nghe An. The plant, which is being transformed from the Do Luong cement plant, is located in Bai Son commune, Do Luong district and has a production capacity of 18,000tpd of clinker. The first phase will last from 2015-17 with two production lines with a combined capacity of 12,000tpd and the second phase...

Cherat’s first-half boosted by domestic deliveries

17 March 2015, Published under Cement News

Cherat’s Cement’s domestic sales increased by 10 per cent during the first half of the current Pakistan fiscal boosted by strong construction activity. Total dispatches over the period rose by four per cent, as exports to Afghanistan declined by six per cent. Turnover increased by four per cent. During the six months under review, production costs escalated mainly due to significant upward revision in electricity tariff, and imposition of fuel price adjustment levy. However, improved liqu...

IDA to propose 12 licences in Upper Egypt

17 March 2015, Published under Cement News

The Industrial Developmental Authority (IDA) is set to propose 12 new cement licences in several Upper Egypt governorates this year, according to its chairman. The IDA is also working on preparing new mechanisms and regulations for proposing cement licences, before submitting them to Prime Minister Ibrahim Mehleb within 10 days. Mehleb will approve them as soon as possible, said Ismail Gaber, Chairman of IDA, told Daily News Egypt on the sidelines of the Economic Summit in Sharm El Sheikh. ...

PPC Zimbabwe on course for 2016 mill commissioning

09 March 2015, Published under Cement News

PPC Zimbabwe Ltd is expected to commission its new cement mill at its plant in Harare next year, an official has said. "We are spending about $75m on our Harare mill this year and we are expecting to commission it in the first quarter of 2016," PPC Zimbabwe managing director Njombo Lekula told AllAfrica news. Mr Lekula said that the company was also investing over $6m dollars on their Bulawayo and Colleen Bawn plants aimed at improving production. "We will be spending about $6.4m for our ...

Northern Cement Jordan to install new line

02 March 2015, Published under Cement News

Saudi Arabia's Northern Cement Co said Thursday that Jordan-based Northern Cement-Jordan, in which it holds 99.35 per cent, has decided to install an additional clinker production line. In preparation for the expansion project, the company will carry out feasibility and environmental studies, the Saudi firm said, without disclosing any financial details. Northern Cement Co booked a net profit of SAR234.3m (USD$62.5m) in 2014, almost unchanged from SAR234.6m a year ago.

Egypt: ACC secures loan to part-finance expansion

26 February 2015, Published under Cement News

Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing. The loan is to be repaid over a period of five years, including a one-year grace period. The cement firm said it will use the loan to finance part of the first phase of an expansion project to enhance grinding capacity.

Oman Cement 2014 profit declines on weaker sales, clinker imports

17 February 2015, Published under Cement News

Oman Cement reported a 12.8 per cent decline in net profit on account of weaker sales, lower clinker production and higher volumes of imported clinker, the company said on Monday. Clinker imports were brought in by the company during the year due to one of its kilns being closed temporarily for capacity enhancement. Oman Cement sold 2.078Mt of cement through 2014, down 1.1 per cent compared to 2.1Mt in the same period of last year. In revenue terms, sales were down 2.05 per cent YoY to OM...

Indocement sees volumes rising 6% YoY

13 February 2015, Published under Cement News

PT Indocement Tunggal Prakarsa expects volumes to grow six per cent this year, reported Kontan, citing CEO, Christian Kartawijaya. The HeidelbergCement group reported cement sales of 18.8Mt in 2014, up three per cent YoY, thanks to increased capacity. The company said it will spend IDR5trn (US$391m) on capital expenditure this year. The 14th line at its Citeureup plant in West Java is expected to start operating from the third quarter of this year.