Cement News tagged under: capacity expansion

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Dangote Cement

29 April 2015, Published under Cement News

Dangote Cement’s new plant in Ethiopia will open in May this year, helping to close the gap between demand and supply in the country. The plant, which is located in Oromia, is one of the largest in east Africa with a production capacity of 2.5Mta. Costing US$400m, the project has been overseen by Sinoma International Engineering. Ethiopia’s current cement production of 5.4Mta falls well below existing demand of 7-8Mta. Dangote is increasingly turning its attention away from Nigeria follow...

Ciments du Maroc 9.3% fall in profit

13 April 2015, Published under Cement News

Ciments du Maroc closed 2014 with a 5.1 per cent fall in its turnover from MAD3.6bn (US$35m) to MAD3.4bn. The cement producer’s operating results experienced a 9.3 per cent drop to just over MAD1bn. The company attributes the decline to a slow building and public works sector. In addition, the eight per cent fall in housing starts contributed significantly to the limited growth of 0.8 per cent of the construction market. Looking ahead, Mario Bracci, Ciments du Maroc’s CEO said: “In 201...

Cementos Argos

02 March 2015, Published under Cement News

Cementos Argos has reported a 58.8 per cent rise in profit in 2014, coming in at COP291bn (US$145m), compared to COP183bn in 2013. The growth, which was driven by domestic sales, is expected to continue in 2015 due to the Colombian government’s spending commitment on public housing and highways. Operating income expanded by 16.8 per cent last year to US$2.9bn, while EBITDA improved by 8.4 per cent to US$534m. The US division is expected to double 2014’s EBITDA of US$68m coming in around U...

Dangote Cement

03 February 2015, Published under Cement News

Nigeria’s construction industry is urging Dangote Cement to put into effect the promised cement price cuts, as announced in November last year. Despite the company revealing plans to reduce cement prices by as much as 41 per cent to NGN1350/bag, ex-works prices have now leapt to around NGN2200/bag. The new VAT-exclusive prices will see distributors pay NGN1645-1655/bag for ex-works orders and NGN1745 for orders delivered from the company’s Ibese plant. Ex-works prices from Ibolo hovered arou...

PT Indocement

03 February 2015, Published under Cement News

Buoyed by strong demand from Indonesia’s infrastructure sector, PT Indocement expects its cement sales to rise by 5-6 per cent in 2015. With work already underway on its new 4.4Mta brownfield plant, which is due to be operational by the end of this year, the company predicts a rise in production capacity from 20.5Mta in 2014 to 24.9Mta by the close of 2015. Following government instructions issued earlier this month to reduce cement prices, Indocement has slashed its average price from ID...

Semen Indonesia

03 February 2015, Published under Cement News

PT Semen Indonesia has revealed plans to spend IDR7-9trn on capital expenditure in 2015, up by IDR3trn on 2014’s figure. Around IDR5trn has been earmarked for two new plants, one in Rembang in Central Java, which is due to start operations in 4Q16, and another in Indarung in West Sumatra, which is due to begin production in 1H16. The two new plants will add 6Mta capacity to the company’s current 31.8Mta. An additional IDR1-2trn has been allocated for upgrading packing plants with a further I...

UltraTech Cement

03 February 2015, Published under Cement News

Following its acquisition last month of two cement plants and related power assets from Jaiprakesh Associaties Ltd in Madhya Pradesh, UltraTech Cement Ltd has announced further expansion plans including two greenfield grinding units in Bihar and West Bengal. The new plants, which will add 3.2Mta capacity, will enable UltraTech to take advantage of the predicted upturn in cement demand in India. According to the government, the combination of 5.5 per cent economic growth in 2015 and a kick...

Ecuador: Peru’s Cementos Yura buys stake in Unión Cementera Nacional

26 January 2015, Published under Cement News

Cementos Yura, part of Peru’s Grupo Gloria, has acquired a 63.5 per cent share in state-owned Unión Cementera Nacional of Ecuador, which will hold the balance of shares. The $230m investment will be disbursed to the Ecuadorian cement producers via a trust over the next 40 months, during which the construction will take place of a new 2400tpd clinker production line in Riobamba. "We will participate in this company with this contribution and are very optimistic that this will benefit t...

Cemex

06 January 2015, Published under Cement News

Cemex is restarting work on expanding the Tepeaca works in the state of Puebla, Mexico, that was halted in 2008, with a view of completing the expansion in 2017. This will require an additional US$200m to be spent on top of the US$450m spent up to 2008. When the work is completed, it is expected to raise Tepeaca’s capacity from the current 3.2 to 7.6Mta.   Cemex is building a new cement works in Colombia for completion in 2017. The equipment for the new Cementera del Magdalena Medio cement ...

Savannah Cement confirms KES18bn investment in grinding unit

24 December 2014, Published under Cement News

Kenya’s Savannah Cement confirmed plans to invest more than KES18bn (US$199m) in its second high-efficiency milling unit to meet the growing demand in the Kenyan market. The new grinding plant will be installed at the company’s Kitengela site and is part of the company’s strategy to operate a fully-integrated cement business. Savannah Cement’s MD, Ronald Ndegwa, also said that plans for its clinker manufacturing are in an advanced stage and the project would see its groundbreaking in the ...