Cement News tagged under: capacity expansion

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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 ...

Paraguay: INC expects price fall in 1Q17

08 July 2016, Published under Cement News

Paraguay’s Industria Nacional del Cemento (INC) forecasts a fall in cement prices at the start of 2017 as the cement producer brings online its new cement mill and the fuel conversion of the kiln is completed. An improved quality, quantity and lower production cost will be the benefits of the recent upgrade of the company’s cement works, says Jorge Méndez Cuevas, CEO of INC. The completion of the project will also enable the company to raise output to 80,000 bags per day, he added. The c...

Dangote Cement

29 June 2016, Published under Cement News

With Ghana’s economy expected to grow by 4.5 per cent this year on the back of an upturn in oil production in 2H16, Dangote is rapidly speeding up its expansion plans in the country. The company is currently investing over US$100m in a 1.5Mta cement plant in the western regional capital Takoradi, which is due to be completed by the end of this year. It is also increasing silo capacity at its Tema plant beyond its existing 21,000t. Despite subdued oil and cocoa exports in 2015, ongoing fis...

PPC

29 June 2016, Published under Cement News

In the six months ended 31 March, 2016, PPC saw its group revenue dip by one per cent to ZAR4.5bn (US$294.01m). Group EBITDA was up by two per cent to ZAR1.1bn with an EBITDA margin of 25.4 per cent, mainly due to improved efficiencies and cost savings as part of the company’s Profit Improvement Programme. The programme, which aims to deliver ZAR400m by 2017, generated ZAR178m in the six months in question, taking the running total to ZAR390m. According to the company, this has mainly been a...

PT Semen Indonesia

29 June 2016, Published under Cement News

Cement exports by Semen Indonesia (including Semen Padang and Semen Tonasa) fell by 21.3 per cent during May 2016 to 37,588t, compared to 47,751t in the same month last year, according to the Indonesian Cement Association. This took total exports for January-May to 133,497t, down by 27.5 per cent YoY. Domestic sales during May came in at 2.11Mt, up 6.7 per cent on the 1.98Mt recorded in May 2015. The January-May figure saw an increase of one per cent to 10.01Mt, compared to 9.91Mt in the sam...