Cement News tagged under: expansion

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Cemex completes Apo Cement expansion

05 May 2015, Published under Cement News

Cemex Philippines has inaugurated a new PHP3bn (US$67.3m) cement mill at its Apo Cement plant in Naga City, Cebu, as part of its comprehensive expansion plan in the country. President Benigno 'Noynoy' Aquino III was guest of honour at the 1May 2015 ceremony which coincided with Philippine Labor Day celebration. The mill increases the capacity of Cemex's Apo Plant by 1.5Mta, resulting in an additional 40 per cent of the company's capacity in the Philippines. "We are convinced that cement m...

Algeria: GICA to increase capacity to 18.5Mta by end-2017

05 May 2015, Published under Cement News

State-owned Groupe Industriel des Ciments d’Algérie (GICA) will invest DZD154bn (US$1.6bn) to increase its production by from 11.5Mta currently up to 18.5Mta by the end of 2017. The investment involves the expansion of two cement plants and construction of a further two cement facilities, the group's CEO Rabah Guessoum told Algerie Press Service (APS). Expansion work at Chlef and Ain Kebira (Setif) has already been launched, and will allow the group to reach a production capacity of 15.5Mt...

Cemex to bring forward Caracolito expansion, Colombia

07 April 2015, Published under Cement News

Cemex is bringing forward the expansion of Caracolito plant in Colombia, the corporate affairs vice-president of the company’s Mexican division has said. Daniel Suarez told local news that the project consists of the expansion of the existing quarry with an additional 11ha, a complete reconstruction of the kilns and the replacement of air filters. Encouraged by the positive outlook and business environment in Colombia, Cemex also building a new US$340m cement works in Antioquia.  The firs...

TPI Polene: solid growth prospects

01 April 2015, Published under Cement News

TISCO Securities has reinitiate coverage of Thai cement producer TPI Polene with a ‘Buy’ based on exciting growth prospects. Coverage on TPIPL is reinitiated with a 'Buy' rating as the company is expected to post strong three-year CAGR in normalised profit of 160 per cent. Key earnings drivers are: 1) its expansion into alternative fuel power plant with a total capacity of 199MW over the next three years; 2) a 50 per cent increase in its cement capacity from investment in its fourth cemen...

Southern Province Cement starts trial operations of new line

25 March 2015, Published under Cement News

Southern Province Cement (SPC) on Monday launched trial operations of a third production line at its plant in Tuhama, Saudi Arabia, the company said in a bourse filing. Without disclosing any financial details, SPC said the new production line will have a daily capacity of 5000t. The trial period will last about four months.

Sri Lanka: Tokyo Cement plans expansion project

19 March 2015, Published under Cement News

Sri Lanka-based Tokyo Cement plans to invest US$50m on a capacity expansion of 1Mta to help cater for local demand requirements. The group has already formed a new subsidiary under the name of Tokyo Eastern Cement for the implementation of the project over the next two financial years. The project will receive a tax holiday of five years, and therefore a tax rate of 12 per cent. The company proposes to finance the project with internal funds and loans. During FY13-14, the group’s revenue ...

Cherat’s first-half boosted by domestic deliveries

17 March 2015, Published under Cement News

Cherat’s Cement’s domestic sales increased by 10 per cent during the first half of the current Pakistan fiscal boosted by strong construction activity. Total dispatches over the period rose by four per cent, as exports to Afghanistan declined by six per cent. Turnover increased by four per cent. During the six months under review, production costs escalated mainly due to significant upward revision in electricity tariff, and imposition of fuel price adjustment levy. However, improved liqu...

Northern Cement Jordan to install new line

02 March 2015, Published under Cement News

Saudi Arabia's Northern Cement Co said Thursday that Jordan-based Northern Cement-Jordan, in which it holds 99.35 per cent, has decided to install an additional clinker production line. In preparation for the expansion project, the company will carry out feasibility and environmental studies, the Saudi firm said, without disclosing any financial details. Northern Cement Co booked a net profit of SAR234.3m (USD$62.5m) in 2014, almost unchanged from SAR234.6m a year ago.

Indocement sees volumes rising 6% YoY

13 February 2015, Published under Cement News

PT Indocement Tunggal Prakarsa expects volumes to grow six per cent this year, reported Kontan, citing CEO, Christian Kartawijaya. The HeidelbergCement group reported cement sales of 18.8Mt in 2014, up three per cent YoY, thanks to increased capacity. The company said it will spend IDR5trn (US$391m) on capital expenditure this year. The 14th line at its Citeureup plant in West Java is expected to start operating from the third quarter of this year.

Cementos Argos in expansion mode

10 February 2015, Published under Cement News

Cementos Argos will be expanding its business in 2015 with investments of over US$400m, according to Jorge Mario Velásquez, president of Argos. He added that 2015 will be crucial for the company as it initiates a very important decade in the economy of US: “In the next 10 years in the US will see significant growth of the economy, it will be a dynamic decade, especially in the cement market where growth close to nine per cent is expected, accompanied by a recovery of prices are recorded, ...