Cement News tagged under: expansion
India: Shree Cements reports 10% rise in quarterly net profit03 February 2016, Published under Cement NewsShree Cements reported a 10 per cent rise in standalone net profit at INR10.286bn (US$0.151m) for the quarter ended 31 December 2015 compared to a profit of INR9.368bn a year earlier, it said in a Bombay Stock Exchange filing. Income rose by 18 per cent to INR18.288bn in the October-December quarter versus INR154.45bn during the same quarter last fiscal. Total expenses, however rose by 19 per cent to INR170.71bn. Capacity expansion In a separate filing, Shree Cement said it will ex... |
Fitch upgrades Grupo Cementos de Chihuahua's ratings to 'BB'; outlook Stable13 January 2016, Published under Cement NewsFitch Ratings has upgraded Grupo Cementos de Chihuahua (GCC) local and foreign currency Issuer Default Ratings (IDRs) to 'BB' from 'BB-'. Fitch also upgraded GCC's US$260m senior notes due 2020 to 'BB' from 'BB-'. The rating outlook is Stable. The ratings upgrade reflects the strengthening of US residential construction across several of the company's markets as well as a favourable economic environment in northern Mexico that should support cement demand in the state of Chihuahua. Robust... |
Pakistan: Attock Cement selects Hefei for new plant04 January 2016, Published under Cement NewsAttock Cement Pakistan Ltd has awarded a contract to Hefei Cement Research and Design Institute (China) for a new 4000tpd plant in Hub, Balochistan, the cement producer said. "The management of Attock Cement has concluded an agreement for setting up new 4000tpd cement manufacturing plant with all standard parts and accessories with Hefei Cement Research and Design Institute (China)," the company said in a bourse filing. In August the manufacturer informed the Karachi Stock Exchange that... |
ARM in talks with international institutional investor31 December 2015, Published under Cement NewsKenyan producer ARM Cement is in ongoing talks with a strategic investor to support its expansion plan. The investment will be in the form of preference shares which may be converted into an equity stake. “ARM Cement Ltd is currently in discussion with an international institutional investor who intends to make an investment of up to US$125m (KES12.7bn) equity investment in the company through convertible preference shares,” said the firm in a cautionary notice. Further details of the i... |
Loesche mill series for Batisöke project in Turkey16 December 2015, Published under Cement NewsBatisöke Söke Cimento Sanayii has ordered an entire line of vertical roller mills (VRM) from Loesche as part of a new kiln line project at the Söke cement plant in Turkey. For raw material grinding, a Loesche LM 56.4 has been ordered with a capacity of 500tph and a product fineness of 12 per cent R at 90μm. The gearbox of this mill has a power of 3400kW. Magnetic separators, metal detectors, refined parts for the mill fan and the engineering of the cyclone are also included in the scope o... |
Bangladesh: MI Cement eyes capacity expansion09 December 2015, Published under Cement NewsMI Cement Factory has set its sights on organic expansion through the construction of new capacity including its own clinker manufacturing plant over the next five years. The company, which produces cement under the Crown brand, plans to raise capacity from the present 6000tpd to 10,000tpd by the end of next year. Following on, it plans to increase capacity to 16,000tpd. “To reach the target, we will go for expansion with necessary investment,” Md Alamgir Kabir, additional managing director... |
Lafarge reaches major expansion milestone, Canada07 December 2015, Published under Cement NewsOn Monday, 30 November 84 year-old Tony Levstik returned to the control room at the Exshaw Cement Plant, decommissioning the oldest of the Plant's two production lines. Mr Levstik retired from Lafarge Canada Inc in 1994. As part of its permit to expand the Lafarge plant, the company committed to shut down Kiln 4 by November 30, 2015, allowing the company to meet emissions targets established by the provincial government. "It seemed only right that we invite Tony to shutdown the kiln. He w... |
Qatar: Al Khalij Cement Co adds new line03 December 2015, Published under Cement NewsQatar-based producer Al Khalij Cement Co has added another production line to take the total cement capacity to 15,500tpd. The second “identical” production line will double the clinker capacity to 12,000tpd and enhance the cement production by more than 50 per cent to 15,500tpd. The cement company, which is a part of Qatari Investors Group, has started initial production and will ramp up to full capacity within few weeks. Through the new production line, clinker production will increase b... |
Philippines: Republic Cement Services Inc considers expansion26 November 2015, Published under Cement NewsRepublic Cement Services Inc (RCSI) is considering building production facilities in Visayas and Mindanao, Philippines, given the government's drive to improve the country's infrastructure. The Manila Times reported RCSI president Don Lee, as saying that the move is in response to announcements made by the Department of Public Works and Highways (DPWH) that more projects were needed in the regions. "At this point, DPWH is more aggressive in visions, projects and allocations of the budget i... |
Dangote outlines plans to expand Ethiopian operations20 November 2015, Published under Cement NewsDangote Cement is to invest US$450m to double capacity at its Oromia plant in Ethiopia. Local press reported that the Nigerian cement producer has already received a 36ha plot of land from Oromia State, near the plant's site in Mugher, Adebern Wereda The company requested the land from Oromia Investment Commission in September 2015. Now it is processing right of way issues at Wereda level, AllAfrica News reported. The new plant will employ 1300 people when it is completed, according to All ... |