Cement News tagged under: new capacity

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Pakistan: Bestway Cement awards Sinoma brownfield project

02 March 2017, Published under Cement News

Bestway Cement Ltd informed the Pakistan Stock Exchange that it will set up a brownfield cement plant with a capacity of 6000tpd clinker at its Farooqia site in District Haripur, Khyber Pakhtunkhwa, in northern Pakistan. According to Sehar Hussain, secretary and general counsel of the company, Bestway Cement signed an agreement with Sinoma International Engineering Co Ltd on 1 March 2017. According to the APCMA,  Bestway Cement’s four plants have a combined capacity of 7.9Mta.

US$55m loan for new Congo cement plant

28 February 2017, Published under Cement News

The Republic of Congo and the Export-Import Bank of India have signed an agreement for a US$55m loan to finance a new cement plant in Mafoubou/Tao Tao village in the Niari department with a term of three years. The loan is payable over 25 years with a five-year grace period and at an interest rate of 1.75 per cent. Three Indian companies have already bid for the tender launched by the Indian bank. However, details about the new plant have not been disclosed.

AfriSam CEO: AfriSam's new Lesotho plant to help country's growth

17 February 2017, Published under Cement News

AfriSam cement manufacturing plant in Lesotho will add to the growth prospects of the country, AfriSam CEO, Stephan Olivier, says of the newly-commissioned 0.2Mta cement plant. Mr Olivier made the remarks during the launch of Lesotho's first cement manufacturing plant which was officially opened by Lesotho’s Prime Minister, Dr Pakalitha Mosisili, last week. He indicated that the new cement plant comfortably meets the local cement demand and is capable of producing specialized products for...

LafargeHolcim

03 February 2017, Published under Cement News

Hima Cement, which forms part of LafargeHolcim through Bamburi Cement, is to build a 1Mta grinding centre at Nyakesia, Rubongi, in Uganda.   The new unit is expected to cost around US$40m and to come on-stream by June 2018. The company is in the final stages of exploration for a limestone deposit in northeastern Uganda.  The new works should take Hima Cement’s capacity to 1.9Mta.

Semen Indonesia

25 January 2017, Published under Cement News

Semen Indonesia was dealt a blow on 16 January when Central Java Governor Ganjar Pranowo revoked the company’s permit for its cement plant in Rembang. Despite being 99 per cent complete, all work at the plant has been suspended while the company complies with requests for environmental impact analyses, environment management plans and environment monitoring plans. According to Semen Indonesia, the Rembang plant, along with the new Indarung VI works in Padang, West Sumatra, is instrumental...

UltraTech Cement

25 January 2017, Published under Cement News

If recent figures from UltraTech Cement are anything to go by, India’s cement sector has not been as severely hit by the demonetisation process as first feared. Although results for 3QFY17 show a two per cent decline in domestic sales to 11.01Mt and a one per cent dip in overall sales to 11.7Mt, consolidated net profit was up 4.7 per cent YoY to INR59.39bn (US$871.6m). Cost control measures played a significant role in the results with lower power consumption and an increased share of ele...

Pakistan: construction of US$245m Haripur cement plant gets go-ahead

25 January 2017, Published under Cement News

The chief minister of Khyber Pakhtunkhwa, Pervez Khattak, has approved plans to invest US$245m in the construction of a cement plant in Haripur, The Dawn reports. The moves comes as part of a wider package of measures intended to support projects relating to the China-Pakistan economic corridor. At this point, no further details concerning the size of the plant or the operator have been released. Other projects which received funding at the same time are to be offered to Chinese firms ...

Bolivia’s government expects to sign Potosi contract in March

23 January 2017, Published under Cement News

The Bolivian government anticipates to sign the contract for the construction of a new cement plant in Potosi in March. "I want to tell the department of Potosí, its factory is guaranteed with an investment of US$307m. Possibly the first days of March we are going to sign the construction contract," President Evo Morales said in his management report to the Plurinational Legislative Assembly. The Potosi plant will be the second state-owned cement works in Bolivia. In September 2015 const...

UltraTech Q3FY17 reports post-tax profit up 5%

23 January 2017, Published under Cement News

UltraTech Cement reported a 4.7 per cent rise in consolidated net profit at INR59.39bn (US$871.6m) for the quarter ended 31 December 2016 due to lower expenses. In 3Q15 company, owned by Aditya Birla Group, recorded net profits of INR56.67bn. Consolidated total income from operations fell to 67.61bn from INR68.65bn in the same period. Profit before interest, depreciation and tax was INR12.80bn as compared to INR12.74bn in the same period of the previous year. Profit After Tax (PAT) wa...

Semen Indonesia halts Rembang construction

20 January 2017, Published under Cement News

Semen Indonesia has halted the construction of its plant in Rembang, Central Java, following the provincial government's revocation of the plant's environmental licence on 16 January. The company said it has complied with the government ruling despite having completed nearly 99 per cent of the plant. It is taking steps to submit certain required documents, such as an environmental impact analysis, required to obtain a new environmental licence.