Cement News tagged under: expansion

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Star Cement receives government subsidies to reduce debt

10 May 2018, Published under Cement News

Star Cement has received INR2bn (US$29.7m) towards a subsidies claim from the central government. The company intends to use the amount to further reduce its debt. Earlier in April company had received IN800m (US$11.8m) of subsidies and also used it for debt reduction. The total debt for the company following the payment of INR800m is expected at INR3200m, including long-term and short-term loans. The debt will further come down significantly as the company intends to utilise the entire am...

Breedon expands its UK operations

23 April 2018, Published under Cement News

This week Breedon Group Plc announced that it had entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd for GBP455m. While the aim is to create a leading independent construction materials group in the UK and Ireland, this move will provide the group with a platform to establish further organic growth and bolt-on acquisitions. The acquisition is expected to give Breedon annual cost savings of approximately GBP5m by the third full year following completion. The ...

Foreign producers may find Ethiopian raw materials difficult to secure

16 February 2018, Published under Cement News

Cement companies in Ethiopia may in future need mining rights from local regional governments as well as Central government to excavate raw materials.  The administration of the East Shewa Zone with the Oromia region, for example, has written to foreign cement firms that mine pumice for cement production to cede some of their operations to the cooperatives of unemployed youths in their areas. The Ethiopian cement market is being fiercely contested by some 17 or more producers. Utilisa...

Cemex receives environmental approval for Solid Cement expansion

18 December 2017, Published under Cement News

Ceemex has been given the all clear from the Department of Environment and Natural Resources (DENR) for the its proposed expansion of its cement plant the Antipolo City, Rizal, Philippines. The Solid Cement Corp (SCC) plant will be expanded by 1.5Mta, doubling cement capacity at the facility with the new line. Cemex Holdings Philippines (CHP) signed a contract with CBMI Construction Co Ltd to commence the first phase of SCC's expansion project in Antipolo City in May 2017.

JK Cement plans expansion spree

05 December 2017, Published under Cement News

JK Cement is planning to almost double its grey cement capacity to 18Mta in four years with brownfield and greenfield expansions. The company is embarking on a brownfield expansion of 3.5Mta at its Mangrol facility in Rajasthan. This involves capital expenditure of about INR15,000m (US$232.8m). Work at Mangrol is expected to start by end FY17-18 and commissioning is expected by end of 2019, Rajnish Kapur, head of grey cement business, told Economic Times. Separately, JK is also workin...

Eagle Cement breaks ground on Cebu Line 4

23 November 2017, Published under Cement News

Eagle Cement Corp has broken ground on the fourth production line at its Cebu plant. The Cebu Line 4 is set for completion in 2020 and will include a 2Mta integrated cement plant, port facilities and cement terminals to serve the islands of Visayas and Mindanao. Currently, the company has two lines producing about 5.1Mta of cement and serves the greater Luzon markets. Eagle is also aiming to complete its third production line (2Mta) in Bulacan by 2018, which will raise capacity to 7.1Mta....

JSW Cement Ltd plots 20Mta capacity by 2019 with IPO

17 October 2017, Published under Cement News

JSW Cement Ltd signalled its intention to expand capacity to 20Mta from its current 12.5Mta and launch an initial public offering (IPO) sometime after the 2019 general election, the company's Managing Director, Parth Jindal, said on Monday. Mr Jindal said that the capital raised through the IPO will be used to further expand capacity as the company aims to be one of the top three cement manufacturers in the country. The capacity expansion will be implemented by setting up a new 1.2Mta ...

Cementos Avellaneda will raise capacity at its La Calera plant by 2019

03 October 2017, Published under Cement News

Cementos Avellaneda will increase its production capacity at its La Calera (San Luis) cement plant by 0.7Mta from 0.3Mta to 1Mta with an investment of US$200m by 2019. In addition, the company is currently invest some US$30m at its Olavarría (Buenos Aires) plant where it has been increasing the cement production capacity by 0.3Mta with start-up expected before the end of 2017. Cementos Avellaneda also plans to make other investments aimed at improving productive infrastructure, its logisti...

Vietnam's Long Son Line 2 enters operation

08 September 2017, Published under Cement News

Long Son Co Ltd has successfully brought its second production line of its Long Son cement plant in Thanh Hoa, into production, raising the plant’s capacity to 14,000tpd (5Mta). Located in Dong Son, in the town of Bim Son, the works counts as one of the country’s largest cement works, according to Viet Nam News.

Star Cement looking to increase capacity

05 September 2017, Published under Cement News

Star Cement is reportedly looking to expand its clinker and cement capacity in India by investing in greenfield and brownfield projects. The Century Plyboards (India) Ltd subsidiary is planning to set up 1.5-2Mta cement grinding unit at Siliguri in West Bengal and aims to double its clinker manufacturing capacity at Lumshnong in Meghalaya to 5Mta in the next three years, according to local press. While its greenfield cement grinding unit will entail an investment of INR200-300 crore, the e...