Cement News tagged under: new capacity
Dangote Cement29 April 2016, Published under Cement NewsDangote Group has signed a US$2bn loan with the Industrial Commercial Bank of China Ltd for its two new cement plans in Nigeria. Work has already begun on one factory in Okpella in the south of the country, which is due to start production in mid-2018. The plant, which is expected to cost US$1bn, will have a production capacity of 6Mta. A second works at Itori will boost the company’s capacity in Nigeria to 41Mta. Construction is also underway on Dangote’s new 3Mta plant in Cote d’Ivoire.... |
PT Indocement29 April 2016, Published under Cement NewsAccording to PT Indocement, its new plant in Citeureup, West Java, is due to be operational in 3Q16. The company has set aside IDR2.3trn (US$173.4m) from its 2016 capex to finish the IDR6.5trn project, with the remaining capex reportedly being used for maintenance activities elsewhere. Meanwhile, the company has acquired a stake in marine transport services firm, Lintas Bahana Abadi through its subsidiaries Bahana Indonor and Indomix Perkasa. The deal, which is worth US$2.1m, is expected ... |
Soc Cimenterie du Sahel to enter Mauritania market29 April 2016, Published under Cement NewsThe Mauritanian government has approved a project by Société Cimenterie du Sahel to set up a new cement plant. It is expected that the EUR27.118m investment will generate 300 new jobs, including 78 permanent ones. Currently operating in the Senegal and Benin markets, Société Cimenterie du Sahel is expanding its activities to Mauritania and considering other high-growth markets in the region. |
India: government approval for new UltraTech plants at Nawalgarh and Jaitaran28 April 2016, Published under Cement NewsThe Jaipur government cleared the construction of a new 3.3Mta cement unit at Nawalgarh (Jhunjhnu) by UltraTech Cement Ltd. "Investment of worth INR3000 crore [INR30bn/US$451m] will be made and around 1000 people will get direct and indirect employment in this project. It will also set up new cement unit of 2.2Mta capacity and captive power plant at Jaitaran (Pali). The company will invest INR2100 crore and around 750 people to get direct and indirect employment," said the minister. |
Vietnam PM approves Thaicement Ha Tien works12 April 2016, Published under Cement NewsVietnam's Prime Minister, Nguyen Xuan Phuc, has approved the investment in Thaicement's 4.5Mta Ha Tien plant in the Mekong delta province of Kien Giang as part of projects to be implemented during the 2011-20 period with a vision to 2030. The PM assigned the Ministry of Construction and People’s Committee of Kien Giang province to conduct a survey and exploration of limestone and clay assessment and present to National Mineral Reserves Councils for approval before granting the investment ... |
India: UltraTech receives state pollution control board OK for Nagpur07 April 2016, Published under Cement NewsUltraTech Cement Ltd has received approval by the Maharashtra Pollution Control Board to build a 2Mta grinding facility at Nagpur in Maharashtra, India. The clearance, which is valid until October 2020, includes strict conditions relating to the disposal of solid and liquid waste as well as prevention and control of air pollution. The new plant, which is expected to be constructed on a 99ha site, represents an investment of INR3.18bn (US$47.8m). The project includes a 12MW captive pow... |
PT Indocement29 March 2016, Published under Cement News2015 saw Indocement’s total sales volume fall by 7.3 per cent to 17.3Mt, compared to 18.7Mt in 2014. Domestic sales contracted by 7.7 per cent to 17.1Mt over the same period, despite domestic cement consumption growing by 1.8 per cent last year. Exports, meanwhile, grew by 36.9 per cent, rising from 156,000t in 2014 to 213,000t in 2015. Net revenue for 2015 came in 11 per cent down at IDR17,798.1bn (US$1.35bn) due to lower domestic sales and a 4.4 per cent contraction in the average sales... |
PPC29 March 2016, Published under Cement NewsPPC intends to double its business every 10 years, starting with a 50 per cent increase in its cement production capacity by 2018, according to a presentation by the company at a Merrill Lynch conference in Sun City, South Africa. Its current 8.6Mta capacity is expected to grow to an estimated 12.7Mta by 2018 through investments in DRC (+1Mta), Zimbabwe (+0.7Mta), Ethiopia (+1.4Mta) and an upgrade of its South African Slurry works (1Mta). This comes on the back of a one per cent fall in g... |
Dangote Cement29 March 2016, Published under Cement NewsDangote Cement has reported a 14 per cent rise in profit in 2015, up from NGN159.5bn (US$801m) in 2014 to NGN181.32bn (US$910m), driven by new plants and price reductions. The last two years have seen the company open six new facilities across Africa, all of which have performed well, increasing sales volumes by 35 per cent as well as gaining valuable market share. September 2015 saw Dangote implement a price cut in its home market of Nigeria to boost consumption and compete with imports... |
Chad builds second cement factory29 March 2016, Published under Cement NewsChad Prime Minister, Pahimi Padacké Albert, has laid the first stone for the country's second cement plant. The new works will be located in the southwest, at Ngara. Production capacity in the first year is reported to be 0.5Mt, with an option to upgrade to 1Mta. It is forecast that construction works, carried out by a Chinese contractor, will take 12 months and carry a XOF30bn (US$60m) price tag. The new plant will support the country’s cement requirement and follows the unit current... |