Cement News tagged under: expansion
JSW Cement revises IPO and capacity expansion plans28 November 2019, Published under Cement NewsIndia’s JSW Cement has deferred its plan for an initial public offering (IPO) by a year as the slowdown in construction activity continues, according to the Financial Express. It had planned to go public by 2020 once it hit 20Mta of capacity, however, the company has revised this target to December 2021. The company expects to go public with a valuation of around INR250bn (US$3.49bn). "We want to first get to 20Mta before we do an IPO, because that is the critical level at which we will ... |
Lehigh Hanson to break ground on US$600m Mitchell project09 October 2019, Published under Cement NewsUS-based Lehigh Hanson Inc is set to break ground this week on its US$600m expansion and modernisation project at its plant in Mitchell, Indiana. The plans were first announced in July last year and are expected to take four years, according to Inside Indiana Business. It will be the company’s largest expansion and modernisation project in north America and is expected to create 50 jobs. |
Finnsementii to upgrade Raahe slag grinding capacity19 September 2019, Published under Cement NewsFinnsementii has announced that it is investing EUR12m in a new blastfurnace slag mill at its Raahe plant in Finland. The plant, which will be built on the Lapaluoto industrial site, will double Raahe's existing milling capacity. "Thanks to the investment and the resulting capacity, we will be able to ensure the availability of slag and more environmentally friendly cement in Finland," says Finnsement CEO, Miikka Riionheimo. A significant part of the total investment will be directed to th... |
Lucky Cement updates progress on overseas and local projects16 September 2019, Published under Cement NewsLucky Cement is currently implementing two cement projects: the overseas cement plant in Samawah in Iraq and the 2.6Mta brownfield cement plant expansion in Khyber Pakhtunkhwa province, Pakistan. According to Lucky Cement's annual report for 2019, the first shipment of plant and machinery from Sinoma to the Samawah site is expected to start of October 2019. Commissioning will take place in FY20-21. Similarly, the letter of credit for the power plant in Iraq has been established and s... |
Birla Corp announces INR50bn expansion plans14 August 2019, Published under Cement NewsIndia’s Birla Corp has announced plans to increase its total cement capacity to 25Mta by 2025, with an investment of INR50bn (US$701.5m). The new capacity will be shared between the company’s existing facilities and those acquired from Reliance Cement. The first phase of expansion will see an investment of INR24.5bn in a new integrated plant at Mukutban, Nagpur, to boost overall capacity to 19.5Mta. A further INR2.5bn will be spent on a third line at its Lucknow facility taking it to 3.6M... |
Kesoram Industries plans geographical expansion31 July 2019, Published under Cement NewsIndia’s Kesoram Industries (Birla Group) has announced that it will look to increase the geographical spread of its cement business across India. Currently, the company has 7.5Mta of capacity focussed in the southern region. "We shall now explore high-margin markets in the country to improve bottom-line. Now, we are in south and a small part of west, we shall spread further," said P Radhakrishnan, CFO. The company will also look to concentrate more on blended cement than OPC, according to ... |
Power Cement to become second-largest producer in southern Pakistan26 June 2019, Published under Cement NewsPower Cement Ltd has informed the Pakistan Stock Exchange (PSX) that it has completed the procurement and installation of plant and equipment of the two expansion projects at its plant site in Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh province, Pakistan. It includes a 7700tpd 'clinker production plant' and 8500tpd 'cement production and dispatch plant', says a letter signed by Tahir Iqbal Company Secretary to PSX on 25 June. Both plants were procured from the ceme... |
Emami Cement looks to expand limestone mining capacity04 June 2019, Published under Cement NewsIndia’s Emami Cement Ltd has announced plans to expand its limestone mining capacity from 5.5Mta to 9Mta at its operations in Kukurdih of Raipur district, Chhattisgarh. The project is expected to be spread over 395ha of land and represent an investment of INR10bn (US$144.35m). While environmental clearance is currently being awaited, work on the expansion is projected to begin by May 2020. |
Kenya’s cement conundrum03 June 2019, Published under Cement NewsWhile recent times have seen the Kenya cement industry expand and new players arrive, the sector now faces a conundrum. While economic and construction forecasts indicate sound cement demand going forward, cement overcapacity has led to price pressures that show no sign of abating and which are affecting the bottom line of market players. A wave of industry consolidation in the short- to medium term cannot be ruled out. By Lisa Kimathi, Standard Investment Bank, Kenya. Despite forecas... |
Ramco Cements to invest INR35bn in expansion programme31 May 2019, Published under Cement NewsIndia’s Ramco Cements has confirmed plans to invest INR35bn (US$501m) to expand its production capacity from 12Mt to 20Mt by 2020, following the conclusion of the country’s general election. "The uncertainty has ended and stability is back at the centre," said P R Venketrama Raja, chairman and managing director, Ramco Cements. "We expect the new government to focus on major infrastructure projects that will spur growth in the cement sector." The company has already invested INR12bn in upco... |