Cement News tagged under: expansion
SOCOCIM Industries to arrange IFC loan for Kiln 6 project12 December 2022, Published under Cement NewsSenegal-based SOCOCIM Industries (VICAT group) is organising a debt facility with the International Finance Corporation (IFC) to construct a high fuel-efficient Kiln 6. The total project cost is expected to be up to EUR260m. IFC’s financing consists of up to EUR120m IFC A-loan and up to EUR120m equivalent in parallel loans. The investment includes the equipment for a complete clinker line , quarry crusher and associated conveyors, pre-stocking hall, raw grinder, fuel preparation works... |
Attock Cement's new line to start at end of FY2330 November 2022, Published under Cement NewsThe management of Attock Cement Pakistan Ltd (ACPL) has announced that its new 4000tpd (1.2Mta) line will come online by the end of FY22-23. Top managed disclosed this at an analyst briefing held to discuss the recent financial performance and give an outlook of the company in the future, according to a report of AHL Research. The total expansion cost at Balochistan is estimated to be over PKR15bn (US$66.82m) and will be financed with a combination of debt and equity. Earlier, ACPL ins... |
Bestway Cement's post expansion capacity will stand at 15.2Mta30 November 2022, Published under Cement NewsThe top management of Bestway Cement Ltd organised a corporate briefing earlier this month to discuss the company's 1QFY22-23 results and outlook. The company's CFO, Muhammad Amir Khan, and Head of Budgeting, Treasury and Reporting, Muhammad Danish Khan, of Bestway Cement Ltd announced that the start of commercial operation of 7200tpd clinker line at the Minawali location is expected in December 2022 and the 7200tpd clinker line in Hattar II will start up in March 2023. The post-expan... |
Pioneer Cement considers green and brownfield expansions24 November 2022, Published under Cement NewsPioneer Cement Ltd (PIOC) of Pakistan is continuously assessing new avenues and business ventures, including green and brownfield expansions in the country, according to the company’s FY21-22 Annual Report. The introduction of the 10,000tpd Line III at PIOC's integrated cement works in Khushab district, Punjab province, has increased total capacity at the plant to 17,300tpd. In addition, a 12MW waste heat recovery (WHR) facility and a 24MW coal power unit have been in operation ... |
Kohat Cement presses ahead with Punjab project23 November 2022, Published under Cement NewsKohat Cement Company (KOHC), based in northern Pakistan, has started developing the infrastructure for a greenfield production line in Khushab, Punjab province, the company said during a corporate briefing on its latest set of financial results. According to KOHC, land for the project has been acquired, while work on the development of infrastructure (such as utility connections, roads, etc) is in progress. The new line is expected to cost approximately PKR35bn (US$165m), comprising a 40 ... |
IFC loan proposed for new Al Douh Cement production line16 November 2022, Published under Cement NewsIFC is proposing a corporate loan of up to US$65m to Al Douh Cement Co , one of the leading producers of cement in Iraq, to finance the company’s planned expansion of its production capacity. The project envisages the construction of a new production line of sulphates-resistant cement within the same site, with a capacity of 2Mta. The new line will be equipped with a kiln fuelled by natural gas and powered by a 50MW captive gas fired power plant, which will be built as part of the pro... |
Maple Leaf Cement begins Line 4 production09 November 2022, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) that an additional dry process clinker production line of 7000tpd grey clinker, a brownfield expansion at the company’s existing site in Iskanderabad , Punjab, successfully started production on 3 November 2022, according to a bourse filing of Company Secretary Muhammad Ashraf. MLCF had signed a contract with Chengdu Design & Research Institute, China, to supply a 7000tpd grey clinker line in March last ye... |
BUA Cement looks to finance 6Mta expansion project31 August 2022, Published under Cement NewsBUA Cement is in talks with US-based International Finance Corporation (IFC) to raise funds through a loan to expand its cement facility, the company said in a statement to the Nigerian stock exchange. The funding aims to expand the capacity of the company’s integrated cement plant in Kalambaina, Sokoto , to 8Mta from 2Mta and develop other ancillary utilities. In a recent statement, BUA Cement Chairman, Abdul Samad Rabiu, said that the ongoing projects will be completed in 2023 t... |
Lucky Cement's domestic capacity to rise to 15.3Mta09 August 2022, Published under Cement NewsLucky Cement Ltd announced its financial results for the 4QFY21-22 (April-June 2022) on 5 August 2022 and held a corporate briefing session at the Pakistan Stock Exchange (PSX) to discuss the company’s outlook. Expansion of the Pezu cement plant in Pakistan's Khyber Pakhtunkhwa province to 3.15Mta is progressing well and is expected to cost PKR30bn (US$133.6m), according to Lucky Cement. This brownfield expansion in the north of the country is scheduled to come on-line in December 2022... |
BUA approves dividend and sets 2023 deadline for current expansion projects26 July 2022, Published under Cement NewsBUA Cement Plc shareholders have approved dividends of NGN88.047bn (US$96.3m) for the financial year ended 31 December 2021 at NGN2.60k per ordinary share of 50k each. This approval was given during the company’s 6th Annual General Meeting held in Abuja and comes on the back of a strong financial performance in the year under review, which recorded revenue growth of 22.9 per cent from NGN209.4bn in 2020 to NGN257.3bn in 2021. Profits after tax also rose by 24.5 per cent YoY to NGN90.1bn in... |