Cement News tagged under: new capacity

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Paraguay set for increased competition

14 September 2016, Published under Cement News

Competition in the Paraguayan cement market is expected to intensify following the announcement by Italy’s Colacem that it will invest US$220m in new production facilities in Concepción. Environmental impact studies are expected to start very shortly with construction of the 1.5Mta plant scheduled to begin in 1H17. The new plant will help to drive domestic cement prices down as well as increase supply to sufficient levels to enable cement exports from the Latin American country.

Pakistan: Maple Leaf expansion plans

14 September 2016, Published under Cement News

Maple Leaf Cement Factory Ltd announced that its board of directors has approved an additional dry-process clinker production line (No. 3) at its existing plant site in Iskanderabad District, Mianwali, Pakistan. The new line will operate at a capacity of 7000tpd, pushing grey cement production at the plant to 17,700tpd. The project is expected to cost PKR20bn (US$191m) with aims to be completed within 26 months. This expansion announcement follows an earlier notification that the compan...

Ecocem invests EUR30m in new JV plant

06 September 2016, Published under Cement News

Ireland’s Ecocem has invested EUR30m into a new production plant in the north of France as part of a joint venture with ArcelorMittal, the world’s largest steel company. The joint venture, in which Ecocem holds a 70 per cent stake, will increase the company’s capacity from 1.4Mta to 2Mta. The high-performance, low-carbon cement will be delivered to markets in the north of France and the UK. The step is the latest in Ecocem’s expansion from the UK. Earlier Ecocem built an import termin...

Pakistan: DG Khan sees profit up 15%, expands capacity by a further 2.2Mta

01 September 2016, Published under Cement News

Pakistan cement producer DK Khan Cement Co announced a 15 per cent YoY rise to PKR8.79bn (US$83.9m) in its profit after tax in FY16 from PKR7.624bn in FY15. Its sales rose to PKR29.703bn from PKR26.104bn in FY15bn and cost of sale increased PKR17.035bn  from PKR16.649bn in the same period. Along with financial results, the company also announced a full and final cash dividend of PKR6.0/share, making the payout to 30 per cent. The company also announced a brownfield cement capacity expans...

India Cements to develop Coromandel limestone

26 August 2016, Published under Cement News

India Cements has proposed the development of the Coromandel limestone mine in Chilamkur and Kalamalla, Mandal Yerraguntla, Andhra Pradesh. The project represents an investment of INR1650m (US$24.6m), including the cost of the land. The 413ha site would yield around 3Mta of limestone, which the company would use for captive consumption at a new 2Mta greenfield clinker plant, located next to an existing plant at Chilamkur. The limestone will be excavated by conventional opencast mechanised...

Bolivia: Soboce receives new kiln

25 August 2016, Published under Cement News

Bolivian cement company Sociedad Boliviana de Cemento (Soboce) has received a vertical kiln, the first to will installed in Bolivia, as part of Illimani LP12 project. An FLSmidth OK 36-4 mill will also be fitted into the firm's Viacha factory. The plant currently produces over 0.9Mta of cement but will see a capacity raise by 136 per cent to 2Mta. The project is 45 per cent complete and represents a total investment of over BOB550m (US$80.17m). The new equipment will be in use by the 2H...

Semen Indonesia

24 August 2016, Published under Cement News

Semen Indonesia’s new plant in Kendeng, Central Java, was dealt a blow earlier this month when President Joko Widodo ordered a pause in the opening of new plants in the region, despite Semen Indonesia’s factory being 95 per cent complete. This follows protests by residents of the Kendeng Mountains on the environmental impact of ongoing cement plant construction in the region. Despite rising oversupply of cement in Indonesia, as many as six new plants are due to open in the country in 2H16...

PPC

24 August 2016, Published under Cement News

Following S&P Global Ratings slashing PPC’s rating to ‘junk’, PPC shareholders have unanimously approved a ZAR4bn (US$285m) capital raising to help relieve short-term pressure on the company’s balance sheet. PPC’s debt is expected to reach ZAR10-12bn by 2017. This comes hot on the heels of news that the company’s share price has halved during 2016 so far to ZAR7.92. Despite this, the company’s new plant in Zimbabwe remains on track for completion this year. Riots in the country and restri...

UltraTech Cement

24 August 2016, Published under Cement News

UltraTech’s plans to construct a new 1.5Mta plant in Bokaro, Jharkhand, have received the backing of the district authorities, according to local press reports. Bokaro is also home to two steel factories, which have reportedly responded positively to the possibility of a local cement works.  Meanwhile, the company has secured 129,000t of coal from Gevra Road mines in Maharashtra and 138,200t from New Kusmunda mines in Chhattisgarh. With both locations landlocked, UltraTech has helped miti...

Anhui Conch

24 August 2016, Published under Cement News

Anhui Conch has reported a 28.8 per cent fall in profits in 1H16, compared to the same period last year. Intense competition and overcapacity have been blamed for the decline, taking profit to CNY3.4bn (US$506m). Revenue also fell, slipping marginally by one per cent to CNY24bn (US$3.6bn). Sales volumes, however, were up by 11 per cent YoY at 128Mt while costs tumbled by 13.7 per cent, driven by lower raw materials, power and labour prices, leading to a 3.6 per cent boost to the company’s ma...