Cement News tagged under: expansion
Eagle Cement Corp will pursue expansion plans21 July 2020, Published under Cement NewsEagle Cement Corp will pursue its expansion plans despite the impact of the coronavirus pandemic. Expansion-related capital expenditures will continue while spending for non-critical projects and activities "will be trimmed," said Eagle president and CEO, Paul Ang. "Our strong financial position will allow us to weather this health crisis battering the economy without giving up major components of our expansion plans, which will secure our future growth," Mr Ang said. For this year, Eagl... |
Raysut Cement targets east African expansion02 July 2020, Published under Cement NewsOman's Raysut Cement plans a five-fold increase in its cement production capacity, says Joey Ghose, Raysut Cement's CEO. The expansion would see Raysut Cement increase production from 5Mta to 26Mta in the next few years. The expansion would be accomplished through a mixture of joint ventures, acquisitions and greenfield cement projects, added Ghose. Expenditure would amount to US$65-78m in the next two years. The main area for growth would be in east Africa where the company plans to add 1... |
Turkmenistan ready to expand two cement plants23 June 2020, Published under Cement NewsThe President of Turkmenistan, Gurbanguly Berdimuhamedov, has signed resolutions authorising the Ministry of Industry and Construction Production to finalise contracts for the second phase of construction on two cement plants. Both projects reportedly represent a brownfield expansion of 1Mta each. As such, the ministry has awarded Beýik-Bina Individual Enterprise the contract for the design and construction of the second stage of a cement plant in the Ahal region. A similar contract will ... |
UNTHA to expand in Poland31 March 2020, Published under Cement NewsIndustrial shredder manufacturer UNTHA is predicting that 2020 will be the biggest year yet for its Polish subsidiary, as the waste market continues to boom. The shredding technology specialist first moved into Poland in late 2013, when a dedicated office was established in Krakow on the back of growing interest in UNTHA’s machinery – a relocation to Warsaw followed. While the country has attracted mixed views surrounding its approach to waste management over the last six years, it seems i... |
China: outward bound23 March 2020, Published under Cement NewsChina’s Belt and Road Initiative (BRI) is now an integral part of the country’s overseas expansion policy. Since its inception in 2013, the BRI has been one of the essential vehicles driving the global spread of Chinese technology and providing a platform for corporate cement and construction giants to enter new markets. ICR takes a look at the initiative’s progress to date and the impact on China’s cement industry, as its shifts from its purely domestic production base to establishing its p... |
National Cement Co of Alabama breaks ground03 February 2020, Published under Cement NewsNational Cement Co of Alabama (Vicat group), has broken ground on its US$250m expansion of the plant in the Saint Clair County town of Ragland, USA. The expansion project is built adjacent to the company's existing plant on Highway 144. The expansion, expected to be completed by 2022, and the biggest economic project in a seven-county region of central Alabama. It is by far the town's biggest employer and a huge part of the economy, according to the town's mayor. "This investment is going... |
National Cement Co launches new 0.75Mta plant in Kenya29 January 2020, Published under Cement NewsKenya’s National Cement Co (Devki Group) has launched a new 0.75Mta facility in Salgaa, Nakuru County, representing an investment of around KES5.8bn (US$57.5m). The plant will manufacture the company’s Simba Cement product and is expected to generate 700 jobs. Narendra Raval, chairman of Devki Group, has stated that National Cement’s overall production capacity will rise from 2Mta to 3.5Mta by July following ongoing expansion projects, which includes a 0.75Mta brownfield expansion to the... |
Kohat Cement commissions 7800tpd kiln line27 January 2020, Published under Cement NewsKohat Cement Company Ltd (KOHC) informed Pakistan Stock Exchange (PSX) on 27 January 2020 that it has successfully commenced commercial operations from its brownfield grey kiln line of 7800tpd, including waste heat recovery power plant, in Khyber Pakhtunkhwa province. A company notification says that after setting up of this additional line, the total installed cement production capacity of the company has enhanced from 2,953,500tpa to 5,293,500tpa. |
Deccan Cements plans plant expansion16 December 2019, Published under Cement NewsIndia’s Deccan Cements has announced plans to expand its integrated cement plant in Suryapet, Telangana, at an investment of INR6bn (US$84.5m). The project will involve the addition of a new 15MW waste heat recovery plant at the existing 18MW coal-based captive power facility. Statutory clearances for the project are being awaited, with work on the project planned for completion within 24 months from zero date. |
JSW Cement revises IPO and capacity expansion plans28 November 2019, Published under Cement NewsIndia’s JSW Cement has deferred its plan for an initial public offering (IPO) by a year as the slowdown in construction activity continues, according to the Financial Express. It had planned to go public by 2020 once it hit 20Mta of capacity, however, the company has revised this target to December 2021. The company expects to go public with a valuation of around INR250bn (US$3.49bn). "We want to first get to 20Mta before we do an IPO, because that is the critical level at which we will ... |