Cement News tagged under: expansion
Anhui Conch26 June 2017, Published under Cement NewsBuilding on its eight per cent sales volume growth in 2016, Anhui Conch’s plan for this year is to continue setting up cement activities abroad while concentrating on its M&A activities at home, according to the latest edition of the Global Cement Report (GCR12). The main risks facing the company in 2017 are unfavourable economic conditions in China, monetary policy tightening and fuel costs. In response, the company is planning to building on its overseas presence (currently Indonesia, M... |
Republic Cement outlines capacity development plans23 June 2017, Published under Cement NewsPhilippine-based Republic Cement group, a joint venture between CRH and local conglomerate Aboitiz Equity Ventures, has announced plans to invest an initial US$300m for its capacity development activities, the Manila Bulletin reports. The first phase of these activities, targeted for completion by 2019, focuses on increasing the capacity of all its integrated plants in Luzon and Mindanao, both in terms of milling and clinker production, to increase cement capacity by 3Mta. Moreover, iimpro... |
Kohat Cement announces new line construction07 June 2017, Published under Cement NewsKohat Cement Co is to construct a new 7800tpd production line at its cement plant Khyber Pakhtunkhwa province, the company informed the Pakistan Stock Exchange on 6 June 2017. The new project will also include a waste heat recovery unit. The additional capacity is expected to boost the company’s market share by four per cent to 9.2 per cent. Kohat currently has grey clinker and cement capacities of 2.5Mta and 2.8Mta, respectively. Earlier, the company said the installation of a 105tph... |
Cemex and CBMI sign contract for Solid line06 June 2017, Published under Cement NewsCemex Philippines has signed a contract with CBMI for the construction of a new kiln production line in the Philippines. The contract involves the design and engineering works of a new 1.5Mta integrated production line at Cemex’s Solid Cement plant in Rizal. The scope of the order spans raw material crushing right through to packaging and dispatch and covers engineering, equipment supply, civil work, erection, training and commissioning. It is the first cooperation between CBMI and C... |
Eagle Cement Corp prices IPO at PHP1515 May 2017, Published under Cement NewsEagle Cement Corp has priced its initial public offering (IPO) at PHP15 (US$0.30)/share, following the recent approval of its public listing by the Philippine Stock Exchange (PSE), to raise up to PHP8.63bn. The firm plans to sell 500m common shares by way of primary offer with an over-allotment option of up to 75m secondary shares. The offer period is set on 16-22 2017 while target listing date is on 29 May 2017. "We are very pleased with the bookbuilding results. The issue was well r... |
Semen Baturaja reports IDR259bn net profit in 201628 April 2017, Published under Cement NewsIndonesia state-owned cement producer Semen Baturaja reported an IDR259bn (US$19.4m) in net profit last year, ANTARA News reports. At the company's annual general meeting on Thursday, shareholders decided to pay out 25 per cent, or IDR64.772bn, of the profits as dividend. Around 76.24 per cent, or IDR49.38bn of the dividends are for the state, and the remainder for the investing public, corporate secretary, Zulfikri Subli, said. The remaining 75 per cent of the profit will be retained ... |
Lucky Cement 9MFY16-17 profit and volumes increase25 April 2017, Published under Cement NewsLucky Cement achieved a profit before tax of PKR14.668bn (US$140.2m) during the first nine months of FY16-17 compared to the PKR13.395bn recorded in the same period a year earlier. Cement volumes increased by 8.3 per cent to 5.53Mt in the nine month period. Exports, however, were down by 23.09 per cent. The increase in revenue of 5.4 per cent was mainly attributed to the higher sales volumes. During the period, the company’s cost per tonne of sales was down by four per cent YoY, which... |
India: Shree Cement granted ToR for Karnataka plant expansion18 April 2017, Published under Cement NewsShree Cement has been granted terms of reference (ToR) by the Environment Ministry to expand its plant in Kalaburagi district of Karnataka. The project involves increasing clinker capacity from 2.4Mta to 4.5Mta, and cement capacity from 4Mta to 6Mta. The plans also include raising the plant’s captive power plant capacity from 44MW to 50MW and its waste heat recovery power plant from 20MW to 35MW. (Source: Economic Research India). |
IFC considering equity injection in Myanmar cement plant expansion project10 April 2017, Published under Cement NewsThe International Finance Corp (IFC) is considering an equity injection into the brownfield expansion of Shwe Taung Cement Co's cement plant at Pyi Nyaung village, Myanmar . Shwe Taung Cement is part of a local conglomerate, Shwe Taung Group (STG) The total project cost is estimated at US$110m. The proposed IFC investment in STC comprises an investment in common equity for up to US$15m and providing an A Loan of up to US$20m. The IFC is also looking to mobilise up to US$20m through the s... |
Pakistan: Gharibwal Cement's energy-generating conveyor is operational21 February 2017, Published under Cement NewsGharibwal Cement Ltd informed Pakistan Stock Exchange (PSX) that its downhill conveyor belt project has now started commercial operations. The 3.15km-long conveyor belt can transport 1200tph raw material (crushed limestone, clay, silica, etc) from quarry to the pre-blending yard. said Company Secretary, Muhammad Shamail Javed. It is claimed that this conveyor belt is first of its kind in Pakistan because in addition to transporting the raw material, it also generates electricity up to... |