Cement News tagged under: New projects

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Lucky Cement reports strong export sales in 9MFY18-19

29 April 2019, Published under Cement News

Pakistan’s Lucky Cement Ltd has reported a PAT of PKR8.29bn (US$58.53m) during the nine-month period ended 31 March, a 15.4 per cent fall compared to PKR9.80bn of last year. The profit declined despite the company having achieved an overall gross sales revenue growth of 3.3 per cent YoY to PKR52.32bn from PKR50.63bn, with the increase attributed to higher export sales volumes for clinker. However, the cost of sales during the 9MFY18-19 increased by 14.1 per cent per tonne, mainly due to an i...

Evaluating an EPC project

30 January 2019, Published under Cement News

In this month’s Technical Forum, Dr Michael Clark looks at the essential factors that cement producers must take into account when choosing the right contractor for a potential EPC project. Time to completion is an important factor to consider, as it will impact the net present value At the beginning of each year, ICR provides an update on new cement capacity projects around the world. Capacity development projects are an infrequent and possibly unique event for a cement company...

Bashundhara Group to supply major infrastructure projects

14 January 2019, Published under Cement News

Bangladesh's Bashundhara Group has been selected as the cement supplier for the country's first Metro Rail project and the construction of Kalna Bridge over Madhumati River in Gopalganj. Abdul Monem Ltd is the contractor for both projects. Bashundhara will provide 150,000t of cement for the Metro Rail project and 50,000t for the 690m-long Kalna Bridge. "Bashundhara and Abdul Monem Group are like members of a family. I wish every success of the projects," said Sayem Sobhan Anvir, managing ...

Ramco Cements to spend INR8.5bn on plant expansion

27 November 2018, Published under Cement News

India’s Ramco Cements is investing INR8.5bn (US$120m) to increase capacity at its facility in Jayanthipuram, Andhra Pradesh, by 1.5Mta and construct a 27MW WHR system. The project is part of an overall expansion plan for the company. "Currently, we have cement grinding capacity of 16.5Mta, which we plan to take to 20Mta by March 2020," said A V Dharmakrishnan, CEO of Ramco Cements. The plan would see its Kolaghat, Visakhapatnam and Odisha grinding units each expanded by nearly 1Mta, accord...

India’s changing trajectory

07 November 2018, Published under Cement News

After a period of abnormally-high growth, India’s cement sector has begun to moderate and return to normal levels. Meanwhile, rising fuel and power costs have impacted the profitability of the major producers. Furthermore, the country’s capacity utilisation is at risk as new investments may push the supply-demand imbalance further. Mumbai is expected to benefit from several large-scale infrastructure projects, including a US$2.4bn airport and a new INR180bn Trans-Harbour Link bridg...

Ready to serve

08 January 2018, Published under Cement News

Africa leads the charge for recently-commissioned cement plants. Although orders may be down on previous years, there is a more diverse geographical spread of newly-completed cement facilities and ICR highlights some of the most noteworthy in this report and takes a brief look at what is in stall for the year ahead. Africa has attracted much of the cement industry’s investment. Pictured: PPC opened its US$85m Harare grinding plant While global cement demand in 2017-18 is expecte...

New projects to take total Ugandan output to 6.8Mta

08 January 2018, Published under Cement News

A number of projects in Uganda are expected to commence operation this year, taking total cement production to 6.8Mta from 3.6Mta, reports Ugandan newspaper The Independent. Hima Cement’s new 1Mta facility in Tororo is expected to open in 1Q18 and will take the company’s overall capacity to 1.8Mta. Meanwhile, Tororo Cement is awaiting a capacity increase to 3Mta from 1.9Mta through a plant expansion. National Cement is also investing US$185m on a 1Mta plant in the same region, which is ex...

Ramco Cements to increase grinding capacity

08 August 2017, Published under Cement News

India-based Ramco Cements has embarked on an investment project to increase its grinding capacity in West Bengal and set up a new facility in Odisha. “We are doubling the capacity of grinding units in Vizag and Kolaghat (West Bengal) from 0.9Mta to 2Mta each, AV Dharmakrishnan, CEO, Ramco Cements told the business section of the Hindu (India). “Besides, we are setting up a new unit in Odisha of 0.9Mta,” he added. The proposed expansion will be completed in 18 months and the cost will me...

Potential impacts of Pakistan capacity build

27 July 2017, Published under Cement News

Pakistan cement producers have embarked on an ambitious expansion phase but could this fast-paced capacity build up be leading to a potential supply glut and a reduction in company margins? All the industry's major players are undertaking new investment projects and some 32Mta of capacity is due to come online in the next 5-6 years. This has led one local research house to warn that following tremendous valuation expansion in the last three years, risks are now becoming more prominent in ...

KHD signs contracts in western sub-Sahara region

25 July 2017, Published under Cement News

Humboldt Wedag GmbH, Germany, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has signed contracts totaling over EUR80m for the supply of equipment and execution of civil and erection works as well as supervision services for a cement plant in western sub-Sahara region. The contracts will be booked as order intake as soon as the pre-conditions for commencing project execution are fulfilled, the company said in a statement.