Cement News tagged under: investment

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Harnessing potential

28 August 2014, Published under Cement News

Ahead of next month’s XXXI FICEM Technical Congress in the Dominican Republic, ICR speaks with the country’s cement association, Adocem, to learn more about its hopes for continued recovery in domestic demand, the importance of exports given the current overcapacity situation and the strides being made by local producers in sustainable cement production. Dominican Republic cement producers enjoyed the benefits of an expanding cement market last year. Pictured: Domicem’s Sabana Gran...

Cementos Yura invests PEN140m in 2014 to date

01 August 2014, Published under Cement News

Cementos Yura of Peru has invested PEN140m (US$50m) in new equipment in the year to date, mainly as a result of the construction of its new cement grinding unit. Grupo Gloria's subsidiary invested US$94m in 2013. The investment is intended to place Cementos Yura in a better position to maintain its local market share and increase its export volumes. Large-scale infrastructure projects such as the southern gas pipeline, the building and extension of port facilities and the construction of ...

Africa’s renaissance

23 July 2014, Published under Cement News

Africa is now well and truly on the map for businesses and investors operating on the continent. In the cement sector, this is most obviously illustrated by the remarkable emergence of Dangote Cement as a pan-African player of considerable influence on the back of ongoing multi-billion dollar capex investments. In this viewpoint on Africa, Tony Hadley, ex-CEO of Dangote Cement and Lafarge Africa, provides his perspective on the great potential ahead for investors in Africa. By Tony Hadley, B...

HeidelbergCement plans new Georgia investment

02 October 2013, Published under Cement News

Germany-based HeidelbergCement intends to invest an additional US$100m in its recently-acquired Poti works, Georgia, according to the Economy and Sustainable Development Ministry. The company is also reported to plan a modernisation of the Kaspi works and an expansion of concrete plants throughout the country. Since 2006, HeidelbergCement has invested more than EUR200m in Georgia. It owns three cement and eight concrete plants as well as a cement terminal in Supsa.

AfriSam gears up

23 January 2013, Published under Cement News

AfriSam is preparing for future demand by making investments in a variety of expansion projects designed to boost its internal capacity. The company has also re-engineered its entire product portfolio to meet expected market developments and avoid shortages. AfriSam offers a view into its future development. AfriSam will install a new kiln at its Dudfield operation to increase clinker production In line with this vision AfriSam has submitted Environmental Impact Assessments (EIA...

Suez Cement to invest US$40m in environmental upgrade and fuel adjustments

22 November 2012, Published under Cement News

Suez Cement is planning to invest around US$40m over the next couple of years to enhance environmental performance at its plants as well as switching partly to coal and refuse, according to Alborsa newspaper.  Suez Cement managing director Bruno Carre said that the company is considering a number of investment opportunities in the Egyptian market in light of recent political and economic developments. In 2012, the company invested around EGP300m while total investments by the parent co...

Shriram EPC to raise INR4bn for cement works

25 September 2012, Published under Cement News

India-based Construction and engineering company Shriram EPC Ltd expects overseas private equity investors to pick up a 30-35 per cent stake in Shree Satyajyothi Cements in the next three months, according to reports in Livemint. Shriram EPC holds a 70 per cent stake in the Andhra Pradesh-based Shree Satyajyothi Cements and plans to sell its stake to raise INR4bn for a captive power plant, help the company’s cashflow and to provide some liquidity to the erstwhile promotors. “It is a wr...

Brazilian investors eye Mozambican limestone

25 September 2012, Published under Cement News

Brazilian investors have expressed and interesting exploring large limestone deposits in at least four districts of Mozambique’s Nampula province, said the provincial inspector and spokesman for the Mining Resources and energy Directorate, Fila Lazaro. He added that they planned to use limestone to produce clinker and to correct acid soil. Teams of mining consultants hired by the Brazilian investors, recently visited the coastal districts of Nampula, Memba, Mossuril, and Nacala, and the i...