Cement News tagged under: greenfield

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New US$435m project set for Oman

26 October 2020, Published under Cement News

Oman’s Duqm International Cement Projects Co is preparing to launch the country’s biggest integrated cement plant project with an investment of US$435m, according to the Oman News Agency. The new factory, to be located in the Special Economic Zone in Duqm (SEZAD), is expected to have a capacity of 3.5Mta (10,000tpd). It is due to start operations in 2023. The spokesman for the project stated that the new project will meet local market demand and also export to external markets such as ...

Construction on new plant set to begin in Uganda

22 October 2020, Published under Cement News

Construction of the Ateker cement plant is due to begin in Moroto district, Uganda, within the next few weeks, according to the Moroto District Investment Agency. The cement facility will be part of the Karamoja Marble complex, which will also produce lime and marble. The unit is expected to be completed within 18 months of the commencement of construction, while its capacity is set to reach 1200tpd. David Ekou Ekanya, senior engineer at the Uganda Development Corporation (UDC), has said...

Lucky Cement profits fall to PKR3.34bn in FY20

26 August 2020, Published under Cement News

Lucky Cement Ltd has announced dismal financial results for FY19-20 (July 2019-June 2020). The company earned an after-tax profit of PKR3.34bn (US$19.8m) as compared to PKR10.49bn, reported during the same period in the previous financial year. The company attributed the drop in the profitability for the last three years mainly to increased capacities coming online locally, which has put downward pressure on margins, while input costs have continued to increase. However, as the local deman...

Ambuja Cement of India profit grows in FY19

02 April 2020, Published under Cement News

Ambuja Cement Ltd of India has reported an increase in total income of 3.1 per cent and profit after tax (PAT) advance of 2.8 per cent during FY19, despite an increase of 0.6 per cent in operating expenses, according to detailed stand-alone financial result released recently.   The total income increased to INR120.94bn (US$1.586bn) in 2019 from INR117.32bn in the year-ago period. PAT reached to INR15.29bn in 2019 from INR14.78bn in 2018. Operating expenses increased from INR94.65bn in 2018 t...

Colacem proposed plant hearing date set

19 February 2020, Published under Cement News

The Local Planning Appeal Tribunal (LPAT) case involving the proposed Colacem cement plant in Champlain Township, in eastern Ontario, Canada, will be heard beginning on 2 November 2020 for four weeks, local media have reported. The case involves two appeals connected to the proposed plant, according to an article published in The Review (Canada). Champlain Township council rejected the zoning changes needed to construct the facility and Colacem appealed the decision to the Ontario Municipal...

Future-proofing Algeria’s flagship

19 November 2019, Published under Cement News

Groupe Industriel des Ciments d’Algérie is set to increase its total cement capacity by 2.2Mta, thanks to the new Sigus cement plant, located in the province of Oum El Bouaghi, eastern Algeria. Engineering, procurement and construction (EPC) partner thyssenkrupp Industrial Solutions provided the complete range of key equipment, process solutions and 360˚ services to make this new greenfield cement plant future-proof. By Flavia Morlaix, thyssenkrupp Industrial Solutions, France. Constr...

Ramco Cements to invest INR35bn in expansion programme

31 May 2019, Published under Cement News

India’s Ramco Cements has confirmed plans to invest INR35bn (US$501m) to expand its production capacity from 12Mt to 20Mt by 2020, following the conclusion of the country’s general election. "The uncertainty has ended and stability is back at the centre," said P R Venketrama Raja, chairman and managing director, Ramco Cements. "We expect the new government to focus on major infrastructure projects that will spur growth in the cement sector." The company has already invested INR12bn in upco...

IME Group plans new NPR10bn plant in Nepal

29 March 2019, Published under Cement News

IME Group, a Nepal-based business conglomerate, has announced plans to invest NPR10bn (US$89.89m) for a cement plant in Chormara, Nawalparasi. "We decided to venture into the cement industry after forecasting the increasing demand for cement in the future," said Chandra Dhakal, chairman. "The demand for cement will exponentially rise in the coming years as the local governments will be focusing on infrastructure development." As such, the company has already acquired around 10.5ha of l...

Cementos Melón to invest in new capacity

18 December 2018, Published under Cement News

Chile-based Cementos Melón has announced that it will open a new cement facility in Punta Arenas in the first half of 2020. The first stage of construction will see an investment of US$30m, with an expected capacity of 0.5Mta. "To date, Cementos Melon has customers to whom it supplies bagged cement, distributed by sea from its other plants in the country. Here in the area [Magellanes] we have 10 clients and we hope that being here with our new plant we will add hundreds," said Jorge Eugen...

Ramco Cements to build a 3.15Mta plant in Andhra Pradesh

17 December 2018, Published under Cement News

India’s Ramco Cements has laid the foundation stone for a new 3.15Mta greenfield cement plant at Kalavatala, Kolimigundla Mandal, Andhra Pradesh. The environmental clearance has been received for the INR15bn (US$209.3m) project and the required mining lease is in place. Alongside the facility, the project will see the construction of a waste heat recovery system, thermal power plant and a 25km railway line from Sanjamala station. The plant is expected to be completed within 15 months of ...