Cement News tagged under: capacity expansion

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India: JSW Cement to go public by FY19

20 October 2016, Published under Cement News

Parth Jindal, managing director of JSW Cement, has told the Deccan Herald newspaper that his company will issue its first public shares when it reaches 20Mta capacity. “We will go for IPO once we reach a capacity of 20Mt. Right now, we have a production capacity of 7Mt, and plan to reach 30m by 2020.  “JSW Cement would like to achieve 17m capacity by opening up eight grinding units across the country. This will require an investment of INR27bn [US$405m]. “The company can achieve the...

United States: St Mary's Cement secures funding to expand North Michigan plant

29 September 2016, Published under Cement News

St Mary's Cement, a subsidiary of Brazil's Votorantim Cimentos, has had its application for funding to expand its Charlevoix plant in north Michigan approved by the Michigan Strategic Fund (MSF), according to local news reports. The approval means that the company can access US$150m from the MSF to finance the project to increase capacity at the plant from 1.4Mta to 2Mta. In a statement, Stephen Gallagher, vice president of St Mary Cement Human Resources, said: “St Mary Cement is thril...

Mexico: Elementia considers price rise to help fund investment plan

29 September 2016, Published under Cement News

Elementia is considering a potential rise in its cement price following the depreciation of the Mexican peso against the US dollar, according to the El Financiero newspaper. The price rise will help to maintain the viability of its US$250m investment programme that includes a capacity expansion at the company’s Hidalgo works as well as contributing to debt payments, of which a significant part are denominated in dollars.

Anhui Conch

27 September 2016, Published under Cement News

Anhui Conch is reportedly interested in acquiring a stake in Pakistan’s Dewan Cement Ltd (DCL), according to local media reports. While DCL denies the reports, a Chinese company, believed to be Anhui Conch, has been exploring investment opportunities in the country.  DCL operates two plants – one in southern Pakistan near Karachi and another in northern Pakistan near Kamilpur Hattar Industrial Estate – with a cement and clinker capacity of 2.89Mta and 2.76Mta, respectively. The company cu...

Caribbean Cement Co invests US$5.5m to double output

26 September 2016, Published under Cement News

Following a US$5.5m investment to increase its capacity, Caribbean Cement Co Ltd has promised its customers that the restricted supply of its cement on the market will be rectified within 72h. The company noted that there had been reports of a flitch in the supply chain to local markets, but this has since been addressed and normal delivery times and volumes have been restored. A statement from Caribbean Cement read, “In recent months the company has embarked on a JAD700m (or US$5.5m) ove...

Oman: Raysut Cement raises capacity

22 September 2016, Published under Cement News

Raysut Cement announced that the new gas supply station has been commissioned at its Salalah plant and commercial operation has already begun. The new gas supply station will enable Raysut to increase its cement production capacity from 130,000tpa to 140,000tpa. The company said that its project with Barwaaquo Cement Company in Somaliland is also making good progress. The construction of the Duqm terminal has been completed and all necessary formalities are currently being processed. Comm...

Cherat Cement posts FY16 results, plans second line

26 August 2016, Published under Cement News

Pakistan's Cherat Cement Company Ltd (CHCC) has announced its FY16 results, which saw the company reporting a profit after taxation of PKR1.405bn (US$13.4m) compared to PKR1.288bn in last corresponding financial year, an increase of nine per cent.  According to a company statement to the Pakistan Stock Exchange (PSX), its net sales increased by eight per cent to PKR7079bn whereas the cost of sales decreased by three per cent to PKR4.445bn. Moreover, the company also declared a final cas...

Nepal: Arghakhanchi Cement to expand capacity to 1Mta

15 August 2016, Published under Cement News

Arghakhanchi Cement is to spend NPR4.13bn (US$38.6m) expanding the output of its cement plant from 1200tpd to 3000tpd, giving it a nominal capacity of around 1Mta. The Kathmandu Post reports that the company has also opened a letter of credit to buy a factory based on VRM technology from FLSmidth. Managing director, Rajesh Agrawal, said: “If we don’t increase our capacity and achieve economy of scale, we will vanish once big plants with foreign investment start producing cement. “Large...

DR Congo: US$500m to relaunch Maiko cement plant

11 August 2016, Published under Cement News

The Congolese government has freed US$250m to relaunch production at the former cement plant of Province-Orientale (CIPOR), Cimenterie de Maiko (CIMAIKO). To carry out the project, the government signed a partnership agreement with multinational construction company Satarem Ltd, which will contribute a further US$250m to the project. In December, representatives of the consortium will assess the site, which is located at Maiko, 75km southeast of Kisangani with work expected to start b...

Lucky Cement announces Karachi plant expansion

29 July 2016, Published under Cement News

Pakistani cement producer Lucky Cement Ltd informed Pakistan Stock Exchange (PSX) that it will be expanding the capacity of its Karachi cement works by 1.25Mta in a US$30m project.  This is in addition to the proposed plant expansion of 2.3Mta at its works in Punjab province. This latest project, when completed, will bring the company's total capacitdy from 7.75Mta to 11.3Mta and help Lucky Cement to meet the growing cement demand in the country. Cement consumption is forecast to rise on ...