Cement News tagged under: investment

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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...