CIMAF intent on west African expansion
West Africa has been enjoying a period of high demand growth over the last decade, and this has been accompanied by the largely unrestrained construction of grinding plants alon...
Capex
59 posts · Page 3 of 6
UltraTech Cement's 19.5Mta capacity projects start civil work
UltraTech Cement has placed most of the equipment orders and has seen the start of civil work at the sites of its capacity expansion projects, according to a company update. Ear...
Ramco Cements aims to be debt-free in three years
India’s Ramco Cements has announced plans to become debt-free in three years, while noting that FY20-21 will be a challenging year for the company. "While the initial few months...
Solusi Bangun Indonesia reviews its capex after challenging 2Q20
Semen Indonesia-owned Solusi Bangun Indonesia (SBI) is reviewing its capital expenditure plans for 2020 due to the coronavirus pandemic, according to Bisnis. "The current condit...
UltraTech Cement reduces capex plans to INR10bn in FY20-21
India’s UltraTech Cement has announced that it will be restricting its capital expenditure plans to INR10bn (US$132.42m) during the current fiscal year, following the disruption...
The India Cements Ltd may put capex plans on hold
The India Cements Ltd said it may need to put its capital expenditure plans on the backburner if the current economic slowdown persists, reports The Times of India. "We may hold...
Holcim Philippines to raise capacity to 13Mta by 2020
Holcim Philippines (LafargeHolcim group) is investing US$300m to raise its cement capacity in the country by 30 per cent to 13Mta by 2020. Holcim Philippines informed the Philip...
Aditya Birla Group announces US$5bn capex plan
India's Aditya Birla Group, parent of UltraTech Cement, has announced US$5bn capex plans over the next three years for its businesses both in the domestic market and abroad. "Ou...
India: ACC Cement announces capex plan of INR6bn for 2017
ACC Cement have announced a capital expenditure plan of INR6bn (US$92.4m) for the coming financial year, CEO and Managing Director, Neeraj Akhoury, said at the company's annual ...
Saudi Arabia: changing times? Premium
The 2017 outlook for the Saudi Arabian cement sector remains neutral unless the government continues its spending spree. But as the subdued oil price environment calls for a mor...