Cement News tagged under: greenfield

RSS feed

New Cameroon plant agreement signed

21 January 2016, Published under Cement News

Mira Company has signed an agreement with the Cameroon’s Ministry of Industry and Technological Development to construct a 1Mta cement plant in Douala. The deal allows the Swiss engineering company to benefit from provisions in Cameroon’s law which offers incentives to private sector investors in the central African country. Shandong Design and Research Institute has reportedly been awarded the contract for the project. The plant is expected to be officially put into operation by the end o...

SCC Cement-Building Materials division facing near-term challenges

19 January 2016, Published under Cement News

Siam Cement Co (SCC) is expected to report good fourth-quarter earnings, but its Cement-Building Materials' (CBM) division is expected to come under pressure from depreciation expenses related to Asean cement plants and weaker consumption in its home market of Thailand, Bualuang Securities writes. The research house expects SCC to report a consolidated 4Q15 net profit of THB9.5bn, up eight per cent YoY and six per cent QoQ. The assumed YoY increase is due mainly to stronger Chemicals pe...

Egypt’s IDA invites new plant tenders

18 January 2016, Published under Cement News

Egypt’s Industrial Development Authority (IDA) has invited tenders by local and international companies interested in constructing cement plants with a capacity of 2Mta in various governorates. The new production licences are for the construction of new facilities in Beni Suef, Minya, Qena, Sohag, Aswan, El-Wadi el-Gedid, Suez, Marsa Matrouh and South Sinai, according to a report published by Ahram news yesterday. The tender documents are to be issued from 20 January 2016 until 10 Febru...

Groundbreaking ceremony for JSW West Bengal plant

06 January 2016, Published under Cement News

The JSW Group is set to start construction of a 2.4Mta cement plant in West Bengal, India, with a groundbreaking ceremony to be hosted today. The event will be presided over by Mamata Banerjee, chief minister of West Bengal. It will also be attended by Sajjan Jindal, chairman and MD of JSW Steel. The function is being held in the run-up to Bengal's 'Global Business Summit' on 8-9 January 2016, which is likely to be keenly watched by potential investors. The cement plant is expected to b...

New Cameroon plant agreement signed

31 December 2015, Published under Cement News

The Switzerland-based Mira company is reportedly looking to construct a new cement plant in Douala, Cameroon, under an agreement signed with the government, local press have reported citing sources at the Ministry of Industry, Mining and Technological Development. According to the article published by StarAfrica, the company should benefit from the provisions on incentives for private investment in Cameroon. The new cement plant project is expected to have an initial capacity of 1Mta.

Rembang construction on course for 3Q16 completion

24 December 2015, Published under Cement News

Construction of Semen Indonesia's Rembang cement plant in Central Java, Indonesia, is set to be completed by August 2016, local news agency ANTARA has reported. "We are optimistic that the construction of the Rembang cement plant would be completed in August 2016. In fact, the existing equipment is already capable of starting to process the cement," according to Semen Indonesia's Rembang Project Manager Ari Wardhana. Earlier this month, PT Semen Indonesia CEO Suparni, stated that the state...

Lucky Cement plans Punjab plant

02 November 2015, Published under Cement News

Lucky Cement posted a net profit of PKR2.968bn (US$28.2m) during the first quarter ended 30 September 2015, 11.2 per cent higher than the same period of last year. Revenue declined by 1.2 per cent to PKR10.34bn versus PKR 10.47bn a year earlier. The reduction was attributed to a 2.7 per cent in sales volumes which was partially offset by 1.5 per cent increase in net retention due to improved sales mix. Domestic sales increased by 11 per cent to 1.07Mt (0.97Mt a year earlier), while exp...

Huaxin plans Kazakhstan plant investment

29 October 2015, Published under Cement News

Chinese cement producer Huaxin Cement plans to invest US$150m in the construction of a cement plant in Aktobe region of Kazakhstan. Construction of the dry-process cement works, to be located in the village of Priozernoye in Kargaly district, is scheduled to start in 2016, according to local press reports/ On Wednesday Regional Governor Berdibek Saparbayev met representatives of the Chinese corporation. It is expected that a cooperation agreement between the regional administration and Hua...

Chinese company signs MoU for Namibian plant

26 October 2015, Published under Cement News

China-based Asian and African Business Management has signed a Memorandum of Understanding with Namibian company Whale Rock Cement for a US$350m cement plant. The signing ceremony was attended by the Chinese Ambassador to Namibia, Xin Shunkang, and the chairperson of Asian and African Business Management, Zhang Jimin, according to reports by China Daily. The plant, about 245km from the capital Windhoek, will be the second cement plant in Namibia. The southwest African country is currently ...

India: Orient Cement reports on 'challenging' second quarter

21 October 2015, Published under Cement News

Orient Cement reported a 35.4 per cent YoY decline in 2QFY16 net profit to US$4.32m due to lower income and higher expenses and finance costs. Net sales for the three months to the end of September 2015 fell to US$54.7m in the quarter compared to US$59.2m in the same period of the previous years. The company's total expenditure rose to US$51m from US$49m in the same period of 2014. Deepak Khetrapal, managing director and CEO of Orient Cement said: "The quarter ended September 30 has...