Cement News tagged under: new capacity
Algeria: GICA breaks production record in 201514 January 2016, Published under Cement NewsGroups industrial des cements d’Algérie (GICA) broke its production record in 2015 when it manufactured 12,143,557t of cement, up five per cent when compared with its output of 11,55,280t in 2014. The volumes produced by the group’s 12 cement plants were “all sold in the domestic market, thereby honouring all orders and requirements expressed by the construction market,” said GICA. In the first 10 days of 2016, the group has produced 269,128t and sold 241,248t or 90 per cent of its ou... |
Algeria’s GICA plans to produce 23Mt in 201904 January 2016, Published under Cement NewsAlgerian cement producer, Groupe Industriel des ciments d’Algerie (GICA) expects to increase its cement capacity in four plants and build a further two works. This will raise capacity from the current 11.5Mta to 23Mta in 2019. Expansion projects at the works of Aïn Kebira and Chlef are forecast to be completed in September this year, increasing capacity to 1.5Mta. As a result, GICA expects to replace the 3.5Mt of imports by national output by the end of the year. Moreover, Zahana and ... |
Nigeria's long-term viability23 December 2015, Published under Cement NewsDespite short-term macroeconomic challenges, Nigeria’s demand for cement is expected to expand significantly in the longer term. Investments in infrastructure, population growth and private-sector led initiatives are all expected to drive growth going forward, spurring domestic producers to invest heavily in new cement production capacity. By Damilola Lawal, CardinalStone Partners Ltd, Nigeria. Dangote Cement plant, Obajana, Kogi state, Nigeria Nigeria has undergone a dramatic r... |
PT Semen Indonesia23 December 2015, Published under Cement NewsPT Semen Indonesia expects to increase its production capacity from 28.5Mta in 2015 to 30Mta by the end of 2016. The growth is forecast to be driven by high domestic demand on the back of government infrastructure plans. According to the company, 2H15 saw domestic cement consumption increase by around eight percent, compared to the same period last year – a trend that is expected to continue into 2016. Next year the company hopes to see revenue growth of approximately five per cent through i... |
Ethiopia: Habesha’s new plant project shows steady progress22 December 2015, Published under Cement NewsPPC recently announced that construction at the 1.4Mta works of Habesha Cement, Ethiopia, is well underway with overall project progress estimated at around 52 per cent. Civil construction at the plant, which will serve the Addis Ababa market, is 45 per cent complete and mechanical erection has started. Some 90 per cent of equipment has been manufactured to date and 70 per cent of this has been delivered to site, according to the South African parent company, which holds a 51 per cent sta... |
Nepal approves Chinese US$140m cement plant21 December 2015, Published under Cement NewsNepal has endorsed a foreign direct investment (FDI) proposal by China’s Huaxin Cement Co to establish a cement plant in Nepal. The US$140m cement works project is in partnership with Narayan Cement Co. In July, the country also approved a US$360m FDI proposal by China’s Hongshi Holdings Ltd to build a domestic cement works in partnership with Nepal’s Shivam Cement. |
Thailand’s SCG to invest US$200m in Cambodia building materials sector21 December 2015, Published under Cement NewsSiam Cement Group (SCG) will invest US$200m to expand its operations in Cambodia between 2016-20. The company will focus on the cement and building materials sectors, which have strong potential to grow amid the Cambodian government's policy of ramping up infrastructure projects, said Kan Trakukhoon, president and CEO of SCG. "SCG sees Cambodia as one of the more interesting Asean members, with a high economic growth rate," Mr Trakulhoon said. |
CIMAF to start up Rep Congo works in January16 December 2015, Published under Cement NewsJanuary 2016 will see the start of operations at CIMAF’s Hinda works in southern Republic of Congo, according to the country's Industrial Development and Private Sector Promotion Minister, Isidore Mvouba. He reported the construction work at the new plant is now finished and the 0.5Mta facility is now ready for its official inauguration by Congo's President, Denis Sassou Nguesso. |
China’s ICBC and Anouar sign US$171m financing agreement14 December 2015, Published under Cement NewsMorocco’s investment group Anouar Invest has signed a financing agreement with the Industrial and Commercial Bank of China (ICBC) in the amount of US$171m for the construction of a cement works in Settat, Morocco. The project’s MAD2bn (US$203m) engineering, equipment and construction contract was awarded to Sinoma-CDI, which expects the new plant to be up and running by the end of 2018. Anouar Invest is also building a cement unit in Laâyoune. |
PT Semen Indonesia01 December 2015, Published under Cement NewsDespite a number of government infrastructure projects finally getting underway, Semen Indonesia does not expect its 2015 sales to exceed the 26.6Mt recorded last year. January to October 2015 saw the company’s cement sales fall by two per cent, compared to the same period in the previous year. October alone, however, saw sales pick up by 10 per cent to 2.7Mt, compared to the previous month. This mirrors recent data from the Indonesian Cement Association, which reported a 10.7 per cent advan... |