Cement News tagged under: expansion
Lafarge Africa receives shareholder approval for NGN90bn rights issue27 September 2018, Published under Cement NewsLafarge 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 upgrade05 September 2018, Published under Cement NewsArif 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 line17 August 2018, Published under Cement NewsAkhangarancement, 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 expansion23 July 2018, Published under Cement NewsIndia’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 project13 July 2018, Published under Cement NewsUS-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 Nigeria03 July 2018, Published under Cement NewsDangote 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... |
Empire builder02 July 2018, Published under Cement NewsIn this exclusive interview with ICR, Thomas Schmidheiny (72), major shareholder and Honorary Chairman of LafargeHolcim, traces the origins of the company from its single plant in the village of Holderbank (Aargau) in 1912 to the leading global construction materials company that it is today. Dr Schmidheiny was responsible for leading Holcim through its most remarkable growth period, culminating in the merger with Lafarge in 2015. Having led the company since 1978, through the most dy... |
Cemex allocates PHP3bn towards start of Solid Cement's expansion07 June 2018, Published under Cement NewsCemex Holdings Philippines Inc has allocated PHP3bn (US$57.1m) this year towards building its new production line at its Antipolo cement factory in Rizal. Cemex Holdings Philippines is investing a total of US$225m for the Solid Cement expansion project. The new line will expand Solid Cement’s capacity from 1.9Mta to 3.4Mta. "Specific to the Solid Cement plant expansion – PHP2.5bn to PHP3bn this year," said Cemex Holdings Philippines president and CEO, Ignacio Mijares, at a stockholders ... |
Maintaining a strong position06 June 2018, Published under Cement NewsFollowing a major overhaul at its plant in Salalah, Oman, Raysut Cement is in good shape to further expand its business internationally. ICR speaks with Joey Ghose, the company’s CEO, about Raysut’s recent capital investments and its plans to gain additional market share both at home and abroad. Joey Ghose, CEO of Raysut Cement Co, Oman ICR: When was Raysut Cement Co established and what is the extent of the company’s activities in Oman today? Joey Ghose (JG): Raysut Cement ... |
Siam City to expand production in Sri Lanka and Bangladesh06 June 2018, Published under Cement NewsSiam City Cement (Lanka) Ltd, which is building a new vertical cement grinding plant in Galle, on the southwest coast of Sri Lanka, to raise its capacity by 0.4Mta, is on track for start-up in August. The new grinding unit is being built at an estimated cost of US$50m and of this total, Siam City (Lanka) spent US$5m to address the plant's environmental impact, according to INSEE Cement Si Lanka CEO, Paul Hugentobler, who further informed media that the company's main aim is to build t... |