Cement News tagged under: new capacity
Saudi Arabia: Yamama Cement secures US$266m for new plant03 January 2017, Published under Cement NewsSaudi Arabia's Yamama Cement Company has secured SAR1bn (US$266.6m) to partially fund the building of a new plant, it said on Monday. The three-year financing includes SAR750m from National Commercial Bank and SAR250m from Samba Financial Group, the company said in its statement. The company signed a SAR4.2bn contract with thyssenKrupp Industrial Solutions in November 2015 to build the works, it said at the time. It will be located 100km outside the Saudi capital of Riyadh and boast a ... |
Zimbabwe: Mortal Investments plant complete16 December 2016, Published under Cement NewsThe construction of Mortal Investments Manufacturing Co’s US$10m plant in Redcliff, Zimbabwe, has been completed. The Chinese investor begun construction of the new plant in August after purchasing a 100,000m 2 plot of land. According to Redcliff Municipality Mayor, Councillor Fred Kapuya, the plant is in its test run phase, which is expected to be completed early 2017. |
Medcem Cameroon to officially open 16 Dec13 December 2016, Published under Cement NewsMedcem Cameroon, owned by the Turkey-based Eren Holdings, will officially open its Douala plant on Friday, 16 December. With a production capacity of 0.6Mta, the cement plant represents an investment of XAF13bn (US$21m). The first cement was produced in October 2015. Medcem Cameroon is the third cement company to have launched on the domestic market in three years and the fourth cement producer in the country, joining LafargeHolcim subsidiary Cimencam, Dangote Cement and CIMAF. As ... |
Tanzania: three companies plan to expand capacity09 December 2016, Published under Cement NewsWith the implementation of several multi-billion dollar infrastructure projects, cement demand looks to soar in the coming years. In light of this three companies have instigated large-scale investment in cement production, which could see domestic production capacity double, according to Industry, Trade and Investment Minister, Charles Mwijage. Mr Mwijage declined to identify who the potential investors in new capacity were, only saying that they were each at different stages of implementin... |
Shree Cement awaits environmental clearance for West Bengal grinding unit06 December 2016, Published under Cement NewsShree Cement is awaiting environmental clearance for its cement grinding unit in West Bengal, India. The company plans to build a 5Mta grinding plant at Prabatpur and Digha villages, Raghunathpur, Puralia district. The estimated INR6bn (US$88m) project also includes a 20MW coal- and petcoke-based captive power unit. A public hearing is scheduled for 9 December 2016. Shree Cement is yet to finalise the contractor and equipment supplier for the project. |
Semen Indonesia01 December 2016, Published under Cement NewsDespite the government’s commitment to infrastructure development and low-income housing programmes, poor cement demand caused a 3.3 per cent YoY contraction in Indonesian cement sales in September 2016. According to the Indonesian Cement Association (ASI), domestic sales fell to 5.64Mt with a decline being seen in all regions except Sulawesi (+6.8 per cent) and Maluku and Papua (+10 per cent). These latest figures take total sales for January-September to 44.71Mt, up 2.95 per cent compared ... |
PPC01 December 2016, Published under Cement NewsImproved cement sales in South Africa and growing volumes in Rwanda resulted in PPC reporting a 13 per cent increase in group cement sales in the six months ending 30 September 2016, compared to the previous six months. Revenue for the period came in at ZAR5.2bn (US$370m), compared to ZAR4.6bn in the six months ending 31 March 2016, representing an increase of 15 per cent. Revenue in the lime business advanced by six per cent while the company’s aggregates and ready-mixed operations recorded... |
Dangote01 December 2016, Published under Cement NewsFor the 9M16 Dangote has reported strong revenue and volume growth despite challenging conditions across Africa. Revenue advanced by 21 per cent to NGN442.1bn (US$1.4bn), compared to NGN365bn in the same period last year. Group cement volumes grew by 41 per cent to hit 18.4Mt, representing a 28.1 per cent improvement in the Nigerian market and a 72.9 per cent rise in the company’s Pan-Africa market. EBITDA slipped by 16.3 per cent to NGN178.4bn, compared to NGN213.2bn in 9M15. The quarter... |
LafargeHolcim invests in new Colombia plant23 November 2016, Published under Cement NewsHolcim Colombia has announced it will begin the construction of a new cement plant in Buga, Valle del Cauca, Colombia. The new plant will have a capacity of 0.5Mta and represents an investment of US$30m. It is expected to employ 200 people during its construction phase with a further 180 direct and indirect jobs in transport logistics between Buenaventura and Buga. “I would like to emphasise that following the merger of LafargeHolcim [the plant] is the first investment the company... |
Malaysia: CMSB pledges year-round cement supply09 November 2016, Published under Cement NewsCahya Mata Sarawak Berhad (CMSB) has said it will be able produce a year-round reliable supply of cement following the commissioning of its third and largest plant in Mambong, Sarawak. The new plant has an estimated production capacity of 1Mta and represents a MYR190m (US$44.9m) investment. Managing Director of CMSB, Richard Curtis, said the integrated plant with adjoining clinker plant will increase the firm’s production by almost 60 per cent to 2.75Mta. Current local demand lands at aro... |