Cement News tagged under: greenfield

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Orient inks project finance for greenfield plant

21 May 2014, Published under Cement News

Khaitan & Co has advised Orient Cement on loan facilities worth US$200m from a syndicate of lenders led by State Bank of India. The loan is to finance the development of a 3Mta greenfield integrated cement plant along with a 45MW captive power plant at Gulbarga, Karnataka. Partner Shishir Mehta and associate partner Kumar Saurabh Singh acted as legal advisers to Orient Cement.

Plans for new Kenyan plant in the pipeline

19 May 2014, Published under Cement News

Construction materials supplier Karsan Ramji & Sons plan to set up a new cement production facility in Kenya. The KES426m (US$4.9m) plant is expected to produce an average of 700tpd for sale both locally and within the regional market, according to The East African. Karsan’s factory will be located in Athi River near other established cement producers ARM Cement Ltd, Savanna Cement Ltd, East Africa Portland Cement Company and Bamburi Cement Ltd. Envasses Environmental Consultants Ltd said ...

Construction begins on new Ecebol greenfield plant, Bolivia

16 May 2014, Published under Cement News

Bolivia’s president, Evo Morales has kick-started construction of Empresa Pública Cementos de Bolivia's (Ecebol) new 1.3Mta cement works in  Jeruyo, Caracollo in the country’s Oruro department. The contract for the greenfield plant has been awarded to Spanish-German consortium Polysius-Imensa-VSM-Sacyr. The state-owned cement factory, which will be situated at 4000m above sea level on 74ha site, carries a price tag of US$306m. According to a study by Sergeotecmin, the site has 87.3Mt of li...

Mamba Cement to build new South Africa plant

14 May 2014, Published under Cement News

Nedbank Capital and the Bank of China Johannesburg have jointly announced the raising of debt capital to fund a new entrant into the South African cement industry. The project is being undertaken by the Mamba Cement Company, a special purpose vehicle established to construct and operate the cement production facility and mine the limestone. The equity required for the project was provided by the Jidong Development Group (majority shareholder in the project), the China-Africa Development...

UltraTech in talks for two plant projects

12 December 2013, Published under Cement News

UltraTech Cement is planning to invest the construction of two cement plants in the northern Indian state of Uttarakhand. The Industrial Development Department of Uttarakhand has reportedly signed a Memorandum of Understanding with India’s largest cement producer for a 3.5Mta plant in Tuni and a 2Mta plant in Someshwar. Chief minister of Uttarakhand, Vijay Bahguna, said: "The setting up of these two major plants in the field of cement manufacturing, in these two socially and economical...

National Cement to open new 1.65Mta Nairobi works

21 November 2012, Published under Cement News

National Cement announced plans to open a new 1.65Mta cement works in the outskirts of Nairobi, Kenya. The company said it received an undisclosed loan from KCB Group, raw materials on credit and a cash injection from its parent company Devki Group of Companies to finance the new KES11.9bn.  The new capacity is expected to intensify to battle for control of the regional cement market. The entry of National Cement and Mombasa Cement increased competition with the latter rapidly claiming...

Egyptian Steel ventures into cement

19 November 2012, Published under Cement News

The Qatari-Egyptian steel producer Egyptian Steel will be investing around US$250m in a new cement works. The venture will seek to acquire a cement licence out of the seven the Egyptian government is planning to offer. If successful, it is expected that the works will have an annual capacity of 1.5-1.8Mta, said Abu Hashima, Egyptian Steel chairman.