Cement News tagged under: capacity expansion

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Dalmia Cement plans to double capacity in east

27 August 2018, Published under Cement News

Dalmia Cement (Bharat) Ltd, India, plans to double its cement manufacturing capacity in the east to 17Mta in 24 months at a total investment of INR35,000m (US$499m), said a top official according to The Hindu. “Currently, we have four units operating in the east producing 8.5 million tonnes of cement annually,” said Mahendra Singhi, group CEO, cement and whole-time director, DCBL. “As part of our expansion plan, we have decided to put up two new units in Odisha and one each in Bihar an...

Pakistan central bank forecasts large cement capacity expansion

16 July 2018, Published under Cement News

Pakistan's cement industry is currently undergoing a major transformation, as a number of players are planning capacity expansions at an estimated cost of US$2.12bn between FY18-21. According to State Bank of Pakistan's special report, almost half of the players in the industry have so far announced capacity expansion to 23.4Mta towards the production facility – a staggering increase of about 50 per cent in next few years – to reach around 72.8Mta. More than 3Mta cement capacity has alre...

Maple Leaf Cement updates about expansion

13 July 2018, Published under Cement News

Maple Leaf Cement Factory Ltd has advised the Pakistan Stock Exchange (PSX) about the company's progress on the implementation of the additional of 7300tpd clinker line at its Iskanderabad plant. The project will raise the plant's total grey cement capacity to 18,000tpd at a cost of INR25bn. The project cost is being financed approximately 17 per cent by way of right issue, 51 per cent through bank loans and the rest from internal cash generation. Letters of Credit (LCs) for supply a...

Cemex

02 July 2018, Published under Cement News

Cemex Holdings Philippines is spending some US$225m to increase the capacity of the Solid Cement works from 1.9Mta to 3.4Mta. Around US$57m is being spent this year and the project should be completed during the first quarter of 2020.

Power Cement completes Nooriabad expansion finance

21 June 2018, Published under Cement News

One of the Pakistan’s leading cement producers, Power Cement Ltd has completed financing arrangements of PKR24.9bn (US$205m) for the 2.5Mta expansion of its cement plant Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh. On completion of this expansion, Power Cement will be the second-largest producer in the Southern Region by May 2019, with the total capacity of 3.4Mta, saidTahir Iqbal, the company's CFO. The breakdown of financing includes equity of PKR1.3bn by foreign in...

My Home Industries considers 50% capacity expansion

13 June 2018, Published under Cement News

India-based My Home Industries is considering a capacity expansion of up to 50 per cent over the next four years, according to the Business Line. The company has announced that its awaiting clearance from the board for the expansion, which would see it increase capacity to 15Mta from 10Mta. "Investment and location for expansion will be decided when we finalise the plans. We have the opportunity to expand in our existing locations also," said Vijay Vardhan Rao, marketing president, My Home...

Holcim Philippines considers capacity increase

18 May 2018, Published under Cement News

Holcim Philippines Inc has earmarked PHP2.4bn (US$45.86m) for capital outlays this year, with projects to further increase capacity being considered, according to the Philippine Daily Inquirer. The company will prioritise operational improvements, tighter cost management and new building solutions to benefit from and support the strengthening construction activity in the country, said John Stull, president and CEO of Holcim Philippines. "Last year, we started projects to raise cement pr...

Guinée Industries Ciment to double capacity

18 May 2018, Published under Cement News

Guinée Industries Ciments will double its production capacity to 1.4Mta from July 2018, according to Africaguinee. Located near the capital Conakry, the company’s Kagbele plant currently has a production capacity of 0.7Mta. Guinée Industries Ciments is a joint venture between Bulkgroup Lebanon and local investors.

Central America: ready to grow

14 May 2018, Published under Cement News

Central America’s positive but weakening economic growth trend is expected to continue into the coming years, fuelled by the diverging economies of its constituent countries. ICR looks at the supply and demand variation throughout the region, and how capacity expansion is set to continue in a region where utilisation rates are low. Trinidad Cement was acquired by Cemex via its subsidiary Sierra Trading in 2017 Central America – from Belize and Guatemala in the north to Panama in...

Loma Negra reports 1Q YoY results growth

09 May 2018, Published under Cement News

Argentina-based producer Loma Negra reported a 41.6 per cent rise in net revenues in the first quarter of 2018 to ARS4534m (US$230m) as the company’s combined cement, masonry and lime sales volumes in Argentina increased 9.5 per cent YoY and prices were favourable. Adjusted EBITDA advanced 40.6 per cent YoY to ARS1166m although the EBITDA margin remained flat at 25.7 per cent. In addition, Loma Negra’s concrete volumes in Argentina jumped 44.8 per cent to 0.25Mm 3 as public infrastr...