Cement News tagged under: new capacity

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Nepal approves Chinese US$140m cement plant

21 December 2015, Published under Cement News

Nepal 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 sector

21 December 2015, Published under Cement News

Siam 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 January

16 December 2015, Published under Cement News

January 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 agreement

14 December 2015, Published under Cement News

Morocco’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 Indonesia

01 December 2015, Published under Cement News

Despite 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...

US Cement’s new Brady plant moves closer to Brady City Council approval

23 November 2015, Published under Cement News

US Cement is another step closer to building its new cement works in McCulloch County, Brady, Texas. The Brady City Council has authorised two proposed sales tax rebate incentives for a proposed cement plant that would be built in McCulloch County. The city sales tax rebate economic development incentive for the proposed plant would not exceed US$297,000 over nine years, or up to US$33,000 per year. The Brady Economic Development Corp incentive would be a one-time payment of US$250,00...

Morocco: Anouar Invest starts construction on second cement works

20 November 2015, Published under Cement News

Moroccan holding company Anouar Invest announced the start of construction of a new cement works at Laâyoune. Located in Foum El Oued, the new Cimsud plant represents an investment of MAD300m (US$29.98m) and will have a capacity of 0.5Mta. The unit is expected to come online in July 2017. Anouar Invest has also launched work on a 2.2Mta cement plant in Settat, via its subsidiary Atlantic Ciment. The MAD3bn facility is scheduled to enter production at the end of 2018.

Medcem's single-line ambition

12 October 2015, Published under Cement News

The Medcem cement plant, a greenfield investment by the Eren Holding Group, launched operations earlier this year to become the latest addition on the Turkish cement production map. Strategically located on the Mediterranean coast of southern Turkey, the 4.5Mta single-line integrated works has its own port facilities, enabling it to serve domestic markets as well as make its mark on the export front. By Medcem Cement (Eren Holding Group), Turkey. Eren Holding Group's new Medcem works ...

Cementos Molins to enter Colombian market

01 October 2015, Published under Cement News

Cementos Molins has signed an agreement to enter the Colombian cement market with local home and construction specialist Corona. The Spanish cement producer plans to build a EUR335m cement works in Antioquia. The plant will have a capacity of 1.35Mta and is scheduled to come online in mid-2018. The production facility will provide 220 direct and 250 indirect jobs during operation and an average of 800 jobs during the construction phase, according to local press reports.

Dangote Cement

29 September 2015, Published under Cement News

Following a recent visit to Zimbabwe by Aliko Dangote, head of the Dangote Group, the company has announced plans to open a 1.5Mta grinding plant in the country. The plans have reportedly been approved by the Zimbabwean government with construction on the US$400m plant rumoured to begin in 1Q16. The news comes as the company celebrated the inauguration of its 1.5Mta grinding plant in Douala, Cameroon, and announced plans to begin work on phase two of the plant, doubling its capacity. The ...