Cement News tagged under: expansion

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A new wave of Asian overseas expansion?

05 November 2018, Published under Cement News

This week CemNet reported on the announcement that Taiwan Cement is creating a new subsidiary, Dutch TCC Holdings, investing up to US$1.1bn in the new company. Dutch TCC Holdings is expected to enter a joint venture in Turkey with Ordu Yardimlasma Kurmu (Oyak) Holding, which will hold a 60 per cent share, while Dutch TTC Holdings will account for the balance of shares. TCC has acquired 40 per cent fo the shares of Oyak Çimento for a total value of US$640m. Oyak is reported to be willing t...

Germany: spending spree ahead?

02 November 2018, Published under Cement News

The need for Germany to begin spending its accrued budget surplus on infrastructure projects and housing is starting to weigh heavily on the new government. The cement industry has invested and is able to increase output. Will the public purse strings be loosened? HeidelbergCement’s Burglengenfeld plant in Bavaria is just one of several German cement plants that have carried out upgrades to improve production efficiency and reduce the environmental impact of their operations ...

JSW Cement's growth plans

03 October 2018, Published under Cement News

This week ICR reported on JSW Cement's project to construct a new 1.2Mta grinding plant in Kalinganagar Industrial Complex in Jajpur, Odisha, India. The Indian cement company has been expanding rapidly in recent years from its start-up in 2009 and this summer it also announced that it will be setting up its first overseas grinding unit in Fujairah, UAE . Both these projects are scheduled to be completed by the end of 2019, by which time the Portland slag cement producer aims to have a ...

JSW Cement's growth plans

28 September 2018, Published under Cement News

This week ICR reported on JSW Cement's project to construct a new 1.2Mta grinding plant in Kalinganagar Industrial Complex in Jajpur, Odisha, India. The Indian cement company has been expanding rapidly in recent years from its start-up in 2009 and this summer it also announced that it will be setting up its first overseas grinding unit in Fujairah, UAE . Both these projects are scheduled to be completed by the end of 2019, by which time the Portland slag cement producer aims to have a ...

Lafarge Africa receives shareholder approval for NGN90bn rights issue

27 September 2018, Published under Cement News

Lafarge Africa has received shareholder approval to raise NGN90bn (US$246.93m) of capital through a rights issue and to restructure its short-term shareholder loan. “The additional capital to be raised will further help to deleverage the company’s balance sheet and provide head room for the expansion of our business,” said Mobolaji Balogun, chairman of the board, Lafarge Africa. Michel Puchercos, CEO, stated that the company’s refinancing plan is aimed at preparing for future developme...

Power Cement secures investment for plant upgrade

05 September 2018, Published under Cement News

Arif Habib Corporation Ltd (AHCL) has called extra ordinary general meeting on 26 September to make an additional investment of US$11m in Power Cement Ltd (PCL), an associated undertaking of the corporation. PCL aims to install components/machinery to make its plant more energy efficient, according to a notification on the Pakistan Stock Exchange (PSX) on 4 September . This guarantee amount by AHCL will enable PCL to negotiate a better deal with the potential supplier as AHCL will ens...

Akhangarancement begins construction of 3Mta kiln line

17 August 2018, Published under Cement News

Akhangarancement, a subsidiary of Eurocement (Russia), has started preliminary stages of the construction of a new dry process 3Mta kiln line in Uzbekistan. Construction is moving into the active phase with the construction site ready for large-scale works. At the same time, cement production at the existing kiln lines will continue at full volume. A new generation substation has been installed for the existing technological line to keep production going, and the construction of a new subs...

Orient Cement plans Telangana expansion

23 July 2018, Published under Cement News

India’s Orient Cement Ltd has received the first stage of environmental clearance for its INR20bn (US$291m) project to expand its Telangana facility. Construction to increase capacity from 3.05Mta to 7.5Mta is expected to commence within four months, once it has received the final clearance from the Ministry of Environment, Forest and Climate Change (MoEF).  Deepak Khetrapal, managing director of Orient Cement, has requested the state’s minister for IT and industries to consider the provis...

Lehigh Hanson announces US$600m expansion and modernisation project

13 July 2018, Published under Cement News

US-based Lehigh Hanson Inc has announced a US$600m plan to modernise and expand its plant in Mitchell, Indiana. The project to increase production capacity while significantly reducing energy usage and emissions, is the largest expansion and modernisation that the company has undertaken in North America.  "The modernisation of the Mitchell plant will enable us to produce cement more efficiently and sustainably through the use of state-of-the-art technology and the latest in environmental c...

Dangote opens mega warehouse in Nigeria

03 July 2018, Published under Cement News

Dangote Cement Co has inaugurated its mega warehouse in Imo State, Nigeria. The warehouse was officially opened by Governor Rochas Okorocha and the president of Dangote Group, Alhaji Aliko Dangote. "Dangote Cement has sold more cement in Imo State than it has done in any other part of the country because of the infrastructural revolution going on in the state. Imo State today is a new state," said Mr Okorocha. This follows Adeyemi Fajobi, national sales and distribution director, announc...