Cement News tagged under: New projects

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Dangote sets sights beyond Africa

24 September 2012, Published under Cement News

Dangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at...

Fitch Ratings says outlook for Indian construction stable

07 August 2012, Published under Cement News

Fitch Ratings says that the outlook for the Indian construction sector remains stable for 2H12, despite the continued unfavourable macroeconomic environment, as some of the risks have already been factored into the ratings. However, the medium-term outlook could be affected by ongoing challenges in execution, coupled with high interest rates and lacklustre equity markets. Fitch is concerned about the construction sector's growing order book position amid slowdown in project execution, as th...

Athi River Mining pretax profit rises 24%

25 July 2012, Published under Cement News

Kenya’s Athi River Mining posted a 24 per cent rise in first-half pretax profit thanks to increased cement sales. The country’s second-largest cement producer, behind Bamburi Cement, said pretax profit for the six months to June rose to KES790.96 (US$9.4m). The company is positive on its second-half outlook due to anticipated cut in interest rates, a stable shilling and good growth in infrastructure demand. It also expects its new 1.5Mta cement plant in Dar es Salaam, Tanzania to bo...

Breaking ground on new plants

16 July 2012, Published under Cement News

Cement plant construction has begun to ease off in former cement production hotspots such as Central Europe and North America but new contracts are forging ahead in the Crimea, South America and most noticably in Africa. ICR establishes where new cement capacity will come on-stream over the next few years. Holcim Guayaquil, Ecuador, is preparing to start work on a new 5000tpd clinker line at the end of 2012, creating some 2500 jobs during the construction phase, which is expected t...

PT Semen Bosowa seeks loans for expansion, Indonesia

13 July 2012, Published under Cement News

PT Semen Bosowa is seeking a US$700m-800m loan from national and foreign banks to expand its business to 10Mta by 2015. The funds will be used to construct at least four new cement plants, Semen Bosowa CEO Erwin Aksa told Bisnis Indonesia. Investments will be made in Bayuwangi (East Java), Cilegon (Banten), Sorong (Papua) and land expansion in Maros Regency (South Sulawesi). Aksa said that the company has no plans to issue notes or bonds as bank interest rates both in Indonesia and abr...

Egypt set to resume cement license programme

05 July 2012, Published under Cement News

The Egyptian government is to start resuming its cement licensing programme to attract investment, particularly foreign interest, according to an official at the Ministry of Finance. Reports in the Daily News, Egypt, state that the source noted that the “economic group of ministers prepared a plan to offer new cement licenses. The plan is the same prepared by the Industrial Development Authority (IDA) which was never implemented. The source estimated that the plan aims to yield EGP400m in...

Vietnam first-half output seen down

04 July 2012, Published under Cement News

Vietnam produced 27.3Mt of cement in the first half of this year, down 5.9 per cent from a year earlier, the government’s General Statistics Office (GSO) showed. During June, the country produced 5.5Mt, an increase of 15.8 per cent YoY, the GSO said in its monthly report. The office has also revised down the country’s output during the January-May period to 21.8Mt from a previously-estimated 22.5Mt. Last year Vietnam produced and sold 49.3Mt of cement. It imported 1.15Mt of clinker ...

Chettinad Cements plans Karikkali plant expansion, India

28 June 2012, Published under Cement News

India-based Chettinad Cement is considering the expansion of its Karikkali cement plant in Tamil Nadu from 4.5Mta to 7Mta. According to reports in the Times of India, Chettinad is also planning to increase capacity of its captive power plant from 48MW to 78MW. The company received the Terms of Reference (ToR) from the union environment ministry in March this year and a public hearing for the project was called by the Tamil Nadu Pollution Control Board (TNPCB) also in March. Chettin...

UltraTech Cement receives environmental approval for expansion

25 June 2012, Published under Cement News

UltraTech Cement has received environmental clearance for its expansion plans for two of its plants in Madhya Pradesh. The Environment Ministry has given clearance for UltraTech to its clinker plant from 3.59Mt to 6.2Mta and its cement plant from 4Mta to 10.33Mta. The company also plans to expand its captive power plant from 46MW to 122MW. The plants are located in Damodarpura and Khor villages in Neemuch district of Madhya Pradesh.

Qatar National Cement to build new plant

21 June 2012, Published under Cement News

The board of directors of Qatar National Cement Company (QNCC) has approved the construction of a new plant with a clinker capaicty of 5000tpd, the company said in a statement to the bourse. The board has mandated the company’s management to take the necessary steps to execute the project, SeeNews Middle East and Africa reports. QNCC reported a net profit of QAR117.9m for the first quarter of 2012, up from QAR113.7m  a year earlier.