Cement News tagged under: capacity expansion
SCG forecasts regional capacity will hit 292Mta by 201820 April 2016, Published under Cement NewsIn a presentation to investors earlier this month, Siam Cement Group (SCG) disclosed that it expects capacity in Thailand and nearby markets will reach 292Mta in two years' time, up from 251Mta in 2015. Production capacity is set to expand in Thailand, Indonesia, Vietnam, Myanmar, Cambodia and Laos. This comes against a backdrop of existing overcapacity – in 2015 domestic consumption in the six countries was 168Mt, implying a utilisation rate of 67 per cent. Demand growth in Thailand a... |
Pakistan: Producers to invest up to US$1bn in CAPEX18 April 2016, Published under Cement NewsCement producers in Pakistan will invest between US$700m and US$1bn in expanding capacity over the next few years, according to Mohammad Ali Tabba, chair of the All Pakistan Cement Manufacturers Association. According to an interview with Mr Tabba in the Nation, four companies have already announced expansion plans: Cherat Cement; Attock Cement; DG Khan Cement; and Lucky Cement. Capacity in 2015-16 stands at 45.6Mta. Despite this investment, Mr Tabba noted that the industry was not rec... |
Ethiopia: Dangote keen on further expansion07 April 2016, Published under Cement NewsSpeaking to Ethiopian news portal, 2Merkato, Aliko Dangote, announced the Nigeria-based cement group would expand its investment in Ethiopia. Aliko Dangote, the Nigerian billionaire and chairman of Dangote Industries established a US$600m plant in Ethiopia in June 2015, but plans are on the table to expand the 2.5Mta factory. Commenting on the development, Mesfin Abera, the company’s sales and marketing head, said Dangote Industries has decided to expand the existing plant. The 2.5Mta exp... |
Dangote: a paradigm shift06 April 2016, Published under Cement NewsICR took the opportunity to meet with Dangote Cement’s new CEO, Onne van der Weijde, during the recent Cemtech Middle East & Africa conference in Dubai. The former area manager for Holcim with responsibility for the company’s Indian operations, Mr van der Weijde is now at the helm of Dangote Cement alongside DVG Edwin who remains in charge of new projects. Here he gives an optimistic account of Dangote’s ambitious strategy for Africa, where the company is now targeting a total capacity of 75... |
USA: GCC Dacotah unveils US$90m investment23 March 2016, Published under Cement NewsGCC Dacotah has announced a US$90m investment to upgrade and restart Kiln Line 6 at its cement plant in Rapid City, South Dakota. Mayor Steve Allender welcomed the news. "Construction is a major industry in Rapid City and the region, and this cement plant has a long history of providing cement for the state and region. It's very good for Rapid City. We are a growing community; the business community is growing. I think that's positive for all of us. There's consumer confidence, there's busin... |
Paraguay: INC expects annual sales up US$60m due to new mill15 March 2016, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) expects to see annual sales up by US$60m following the commissioning of its new mill in 2H16, according to CEO, Jorge Méndez. At present, the company sells around US$90m in bagged cement. Assembly of the new mill, which is manufactured by Sinoma of China, will be carried out by local company Engineering SA. The project represents an investment of US$11.5m. “In a few weeks’ time, the mill will embark in China and arrive in the middle of the y... |
Dangote Cement02 March 2016, Published under Cement NewsDangote’s announcement to build two new cement plants in Nigeria pushed the company’s share price up sharply earlier this month. The first plant, on which construction has already begun, is to be located in Okpella, Edo State. The US$500m works will have one line, adding cement production capacity of 3Mta. The second facility, to be built in Itori, Ogun State, will add a further 6Mta with two production lines. The extra 9Mta of capacity will raise the company’s local output from 29.25Mta to ... |
UltraTech Cement02 March 2016, Published under Cement NewsGrasim Industries is reportedly planning to spend IDR40bn (US$584.3m) on capacity expansions over the coming financial year, with IDR38bn of this earmarked for its subsidiary UltraTech Cement. Over the past year UltraTech has worked hard to reduce its operational costs, bringing them down by over two per cent through its use of multiple fuels. The cement producer has also benefitted from the fall in petcoke prices which have declined from around US$74/t in August last year to US$38/t. In the... |
Anhui Conch26 January 2016, Published under Cement NewsWith cement demand shrinking in its home market, Anhui Conch is ramping up its business overseas. In January-September 2015, China reported a five per cent YoY fall in cement production thanks to its cooling economy and slowing infrastructure investment at home. With its domestic market also suffering from chronic oversupply, Anhui has its eyes firmly set on the Southeast Asia market. April this year will mark the opening of four plants by Anhui in Indonesia with a total production capac... |
Dangote Cement26 January 2016, Published under Cement NewsDangote Cement has reaffirmed its commitment to invest in a new cement works in Zimbabwe. Work on the planned 1.5Mta integrated plant will reportedly begin this year at a cost of around US$400m. This follows the formation of Dangote Cement Zimbabwe in September last year. The precise location of the plant is yet to be confirmed. Concerns were raised late last year when Zimbabwe was left off a list of countries the company was intending to invest in during an interview with Reuters. This l... |