Cement News tagged under: greenfield

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Egyptian Cement Co seeks loan for Sohag plant

31 May 2017, Published under Cement News

Egyptian Cement Co has entered into negotiations with a local banking alliance to obtain a loan of EGP4bn (US$221m) to partly finance the cost of its first plant and construction materials complex in Sohag province. The alliance is made up of the National Bank of Egypt, Banque Misr, CIB and Arab African International Bank, sources told Al Mal newspaper. The details of terms and conditions memorandum are being agreed upon in preparation for addressing other local banks to contribute to ...

Loesche wins large order in Egypt

24 May 2017, Published under Cement News

Loesche has received an order for 18 vertical roller mills by Sinoma CDI which is acting as general contractor for the construction of a cement plant in Beni Suef, Egypt, being undertaken by the country’s Ministry of Defense & Military Production (MoDMP). The MoDMP’s project involves the construction of six new production lines with a total clinker capacity of 36,000tpd by the end of 2017. Loesche will deliver the raw mills with a capacity of 5000tph for the grinding of raw material to a ...

ACC considers Telangana plant construction

23 May 2017, Published under Cement News

ACC Ltd is considering setting up a cement plant in the southern Indian state of Telangana, a senior official from the LafargeHolcim company told local press. Speaking to reporters from the Telangana Today, Philip Mathew, chief manufacturing officer of ACC, said: “We have recently set up one plant in Chhattisgarh and the effort is stabilising it. We hope to set up a similar plant here." Mr Mathew added that the new plant would likely have a capacity of around 3Mta.

Al Anwar signs greenfield investment plan

03 May 2017, Published under Cement News

Omani private equity firm Al Anwar Holdings has entered into a shareholders' agreement with Hormozgan Cement Co of Iran to establish Hormuz Al Anwar Cement SAOC for the construction of a greenfield grinding plant in the port town of Duqm, Oman. The new facility will has a slated capacity of 0.6-1Mta and is expected to involve an investment of OMR10.5m (US$27.3m), according to a disclosure statement posted on the Muscat Securities Market website and reported by the Times of Oman.  “This...

UltraTech Cement FY17 sales edge ahead

25 April 2017, Published under Cement News

UltraTech Cement, an Aditya Birla group company, yesterday reported consolidated sales for FY17 of INR250.92bn (US$3.89bn) against INR248.8bn in the previous year. Profit before interest, depreciation and tax of INR58.61bn was nine per cent higher and profit after tax up 10 per cent YoY to INR27.15bn. Domestic grey cement sales was 47.62Mt, virtually flat on the 47.13Mt recorded a year earlier. For the final quarter of FY17, volumes reached 13.35Mt compared to 13.32Mt in the same quarter...

Lucky Cement 9MFY16-17 profit and volumes increase

25 April 2017, Published under Cement News

Lucky Cement achieved a profit before tax of PKR14.668bn (US$140.2m) during the first nine months of FY16-17 compared to the PKR13.395bn recorded in the same period a year earlier. Cement volumes increased by 8.3 per cent to 5.53Mt in the nine month period. Exports, however, were down by 23.09 per cent. The increase in revenue of 5.4 per cent was mainly attributed to the higher sales volumes. During the period, the company’s cost per tonne of sales was down by four per cent YoY, which...

PPC achieves two major milestones as part of its expansion strategy

21 April 2017, Published under Cement News

As part of its expansion strategy, PPC announced this week the inauguration of its Ethiopian operation, Habesha Cement, and the first truck dispatch load of saleable cement from its plant in the Democratic Republic of the Congo. The inauguration of Habesha Cement marks the completion of the construction of the factory and installment of the technical and non-technical systems.The ceremony, officiated by the Prime Minister of Ethiopia, Ato Hailemariam Desalegn, was held at the plant in Hole...

Semen Indonesia Rembang plant ready for 1H17 start

19 April 2017, Published under Cement News

Semen Indonesia has said it will commence production from its cement plant in Rembang, Central Java, in the first half of 2017. Company president director, Rizkan Chandra, said the cement producer respects the results of a meeting held at the Presidential Staff Office in Jakarta last week. “In view of the results of the meeting, as the remaining issue was [to address] Watuputih CAT [groundwater basin], Semen Indonesia will begin production in Rembang. We expect to start commercial opera...

Mali: CIMAF opens 0.5Mta Diago plant

21 December 2016, Published under Cement News

La Société Ciments de l’Atlas (CIMAT), part of the Ciments de l'Afrique (CIMAF) group, has inaugurated a new cement plant in Diago, Mali. The production facility was opened last Thursday in the presence of the President of the Republic, Ibrahim Boubacar Kéïta, who cut the symbolic ribbon at the main entrance of the factory in the southeast of the country, a few miles northwest of Bamako. The plant cost its Moroccan investors more than CFA24bn (US$38m). Equipped with state-of-the-a...

India: proposed Karnataka plants denied environmental clearance

08 December 2016, Published under Cement News

The federal Ministry of Environment and Forests (MoEF) has put a hold on proposals to build two cement plants and associated limestone mines in Kalaburgi, Karnataka, according to the Times of India. The two projects affected were put forward by India Cements and JSW Cements. The India Cements project was blocked by the MoEF due to concerns it would decrease agricultural productivity, while the JSW proposal was declared ‘premature’ as its plan for limestone extraction was based on potentia...