Cement News tagged under: expansion

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Cemex seeks terminal expansion in Florida

14 January 2019, Published under Cement News

Cemex Construction Materials Florida LLC is reportedly seeking to expand its cement terminal at the port in Tampa Bay due to increased demand for cement products, according to the Tampa Bay Business Journal. The company currently leases two sites at the port but wants to expand its cement terminal by around five acres. If approved, the new lease would see the company handle more cement, fly ash, slag and limestone over the 20-year period of the contract. According to reports, the company ...

Sanghi Industries signs MoU for plant expansion

04 January 2019, Published under Cement News

India’s Sanghi Industries Ltd has announced plans to expand its existing cement plant in Sanghipuram, Kutch, to 8.6Mta from 4Mta. The project is expected to be completed at an investment of INR15bn (US$214.78m) and generate employment for around 350 people. The company's Chairman and Managing Director, Ravi Sanghi, has signed a Memorandum of Understanding with the Principal Secretary of Industries and Mines, M K Das, to advance the project. The project is likely to commence by 2020, accor...

GCC commissions Rapid City plant expansion

21 December 2018, Published under Cement News

Mexican cement producer Grupo Cementos de Chihuahua (GCC) has announced the expansion of its Rapid City, South Dakota cement plant became operational, adding 440,000tpa capacity to the existing plant. The expansion of the Dacotah cement plant began in 2016, with a total investment of around USD105m. The expansion increases the plant’s production capacity to 1.167Mta and is expected to reduce variable production costs. Earlier this year, GCC acquired the 0.3Mta Trident cement plant in Three...

Pakistan’s gateway to expansion

17 December 2018, Published under Cement News

With a newly-elected President, strong housing demand and infrastructure investment flowing in from China, Pakistan is at the gateway to a new beginning. The cement sector is thriving, rapidly adding new capacity and enjoying stellar demand growth. However, the continuing pace of investment could risk oversupply if demand expectations are not met. Anticipating considerable growth in demand thanks to housing programmes and large-scale infrastructure projects, the Pakistani cement in...

ACC announces INR30bn expansion plans

12 December 2018, Published under Cement News

The board of India's ACC has approved a proposal for setting up an integrated greenfield project at Ametha, Madhya Pradesh, with a clinker capacity of 3Mta and cement of 1Mta. The plans also include the "expansion of the existing grinding unit in Tikaria, Uttar Pradesh and a third grinding unit also in Uttar Pradesh," said the company in a press release. The board has also approved a further 1.1Mta grinding project at its existing plant in Sindri. Meanwhile, the company will fund the expan...

Caribbean Cement secures loan to pay US$ debt

12 December 2018, Published under Cement News

Jamaica's Caribbean Cement Co Ltd and its mining subsidiary have secured a five-year JMD3bn (US$23.53m) loan from National Commercial Bank Jamaica to pay back a US dollar debt. The amount will be repaid in Jamaican dollars at a rate of 7.45 per cent per annum. The company also has stated that some of the funds will be used for general corporate purposes, according to The Gleaner. Its mining subsidiary, Jamaica Gypsum and Quarries Ltd, a borrowing partner of the loan, is also about to expan...

JSW Cement to look at inorganic growth

11 December 2018, Published under Cement News

India's JSW Cement has announced that it will be looking at inorganic expansion to reach its target of increasing capacity to 20Mta by 2020. The ongoing bad-loan resolution process has opened up opportunities to acquire cement assets in India. The company views the assets of debt-laden companies to have a strong potential to grow, while enabling swift scaling and optimisation of these capacities, according to a statement. "The company views the improving economic growth scenario, continu...

Ramco Cements to spend INR8.5bn on plant expansion

27 November 2018, Published under Cement News

India’s Ramco Cements is investing INR8.5bn (US$120m) to increase capacity at its facility in Jayanthipuram, Andhra Pradesh, by 1.5Mta and construct a 27MW WHR system. The project is part of an overall expansion plan for the company. "Currently, we have cement grinding capacity of 16.5Mta, which we plan to take to 20Mta by March 2020," said A V Dharmakrishnan, CEO of Ramco Cements. The plan would see its Kolaghat, Visakhapatnam and Odisha grinding units each expanded by nearly 1Mta, accord...

A new wave of Asian overseas expansion?

05 November 2018, Published under Cement News

This week CemNet reported on the announcement that Taiwan Cement is creating a new subsidiary, Dutch TCC Holdings, investing up to US$1.1bn in the new company. Dutch TCC Holdings is expected to enter a joint venture in Turkey with Ordu Yardimlasma Kurmu (Oyak) Holding, which will hold a 60 per cent share, while Dutch TTC Holdings will account for the balance of shares. TCC has acquired 40 per cent fo the shares of Oyak Çimento for a total value of US$640m. Oyak is reported to be willing t...

Germany: spending spree ahead?

02 November 2018, Published under Cement News

The need for Germany to begin spending its accrued budget surplus on infrastructure projects and housing is starting to weigh heavily on the new government. The cement industry has invested and is able to increase output. Will the public purse strings be loosened? HeidelbergCement’s Burglengenfeld plant in Bavaria is just one of several German cement plants that have carried out upgrades to improve production efficiency and reduce the environmental impact of their operations ...