Cement News tagged under: modernisation
Caribbean Cement's expansion underway27 March 2024, Published under Cement NewsPhase one of Caribbean Cement Co Ltd ’s (CCCL’s) expansion project is well underway in Jamaica. It is anticipated that when the Rockfort plant 's expansion is completed, Caribbean Cement’s existing cement-production capacity will increase by approximately 300,000t. Phase One of CCCL’s expansion project, which will deliver an increase of up to 30 per cent in cement production, is progressing towards full completion next year. The company’s newly-appointed Managing Director, Jorge Martine... |
Dandot Cement Co re-fired its kiln in December11 March 2024, Published under Cement NewsAccording to the1HFY23-24 financial report of Dandot Cement Co Ltd r eleased recently, the company officially commenced operations by lighting up the kiln in December 2023 and is currently in the testing phase. Nevertheless, the net loss for the period is PKR124.81m (US$0.48m) (Dec 2022: PKR126.28m), as no production was reported during the period due to Balancing, Modernisation and Replacement (BMR) of the plant at Dandot RS in Jhelum district, Punjab province, Pakistan. Company’s plan... |
Gharibwal Cement achieves a gross profit of PKR1.499bn in 1HFY23-2405 March 2024, Published under Cement NewsGharibwal Cement Ltd (GWLC) of Pakistan announced its half-year financial results ending 31 December 2023, on 26 February 2024. The company saw a decrease in its profit to PKR685m (US$2.45m) in 1HFY23-24 from PKR1.12bn earned in the same period last year. This translated to a fall of 39.2 per cent in profit YoY. The major factor responsible for this fall was the increased cost of sales and other factors. According to the company's latest report, it experienced a 1.9 per cent decline in ne... |
IFC invests US$130m in Iraq's Al Douh Cement15 January 2024, Published under Cement NewsIFC is investing in Al-Douh Iraqi Company for Cement Industries (part of Al-Riyadh Investment Companies Group) to help boost economic diversification and improve sustainable growth in Iraq. IFC is providing a financing package of up to US$130m in long-term debt to Al-Douh. The financing will enable Al-Douh to expand its cement production capacity by 1.9Mta to reach overall production of approximately 3Mt of cement by the end of 2025. Of the total financing provided, up to US$25m will be... |
Cementos Cienfuegos reports progress rehabilitation programme29 December 2023, Published under Cement NewsCementos Cienfuegos SA, the largest cement factory in Cuba, is making progress in its rehabilitation, the plant's management reports. The plant currently runs at 30 per cent of its 1.6Mta nominal capacity but modernisation is under way. The first results of a foreign currency raising programme are starting to be seen, according to National Television News, with Cienfuegos Financial Manager, Angel García de León, saying that the first shipment took place in November. The plant is planning... |
Gharibwal Cement vows to continue the BMR project27 November 2023, Published under Cement NewsGharibwal Cement Ltd in Pakistan has arranged a corporate briefing session on the FY22-23 and 1QFY23-24. To recall, the company posted a profit after tax of PKR1.232bn (US$4.311m) in FY22-23 vis-à-vis PKR1.355bn in FY21-22. BMR Projects – existing line Top officials outlined the company's balancing, modernisation and replacement (BMR) programme at its 2.11Mta plant in Jehlum, Punjab. A 10MW solar plant is under negotiation with various vendors and a letter of credit (LC) facility is in ha... |
Oman Cement’s profits swell22 November 2023, Published under Cement NewsIn the first nine months of 2023, Oman Cement Co (SAOG) ( Hauxin Cement Group ) earned profit after tax of OMR7.355m (US$19.1m), compared to OMR4.638m in the corresponding period of the previous year, marking growth of 59 per cent YoY. According to the company, it has continued its efforts to overcome the adverse impact of the rise in prices of some major cost elements, and extensive efforts have been made in this direction in the current period, with better cost management and sustained e... |
IKN cooler close to commissioning at Malogoszcz plant16 November 2023, Published under Cement NewsCommissioning of the new IKN cooler at the Malogoszcz cement plant in Poland is about to start. After the start-up, this new modern clinker production line will replace the three existing lines and reduce the plant’s CO 2 emissions by 20per cent and energy consumption by 33 per cent. The Malogoszcz plant’s new clinker line will have a capacity of 3700tpd. Holcim 's US$100m modernisation project at the Polish plant includes a new, more efficient installation of alternative fuels. This ... |
Dandot Cement is still under BMR08 November 2023, Published under Cement NewsFor the quarter that ended 30 September 2023, Pakistan’s Dandot Cement Co Ltd incurred a loss of PKR69m (US$0.24m) as it remained under the modernisation phase and posted no revenue during the accounting period. No sales were reported. Dandot Cement Chairman, Muhammad Farooq Naseem, and CEO, Taha Muhammad Naseem, have optimistically reported that the company plans to come into production before the end of the calendar year 2023 with an emphasis on the balancing modernisation of replacem... |
Domicem commissions new kiln, doubles capacity25 October 2023, Published under Cement NewsDomicem , a subsidiary of Colacem SpA (Italy), commissioned a new kiln line at Sabana Grande de Palenque , San Cristóbal province, in the Dominican Republic, on 13 October 2023. The US$120m expansion consisted of a 3500tpd kiln line and doubles cement capacity at the existing plant to 3.8Mta. The project, which was first announced in March 2021, was executed by by Sinoma CBMI Construction (China). Domicem first entered the Dominican Republic in 2005 with the launch of its first... |