Cement News tagged under: new capacity
Indonesian July 2014 cement delivery fall 25%11 August 2014, Published under Cement NewsIndonesian cement dispatches dropped by a quarter YoY to 3.7Mt in July 2014. The slowdown is attributed to falling economic growth, the presidential election and the Idul Fitri/Lebaran holiday. Apart from business closures, the holiday also leads to the large-scale movement of workers to their hometowns, which results in trucks being banned from specific roads. According to Widodo Santoso, chairman of the Indonesian Cement Association (ASI), cement sales are expected to recover and expand... |
Cementos Yura invests PEN140m in 2014 to date01 August 2014, Published under Cement NewsCementos Yura of Peru has invested PEN140m (US$50m) in new equipment in the year to date, mainly as a result of the construction of its new cement grinding unit. Grupo Gloria's subsidiary invested US$94m in 2013. The investment is intended to place Cementos Yura in a better position to maintain its local market share and increase its export volumes. Large-scale infrastructure projects such as the southern gas pipeline, the building and extension of port facilities and the construction of ... |
Algeria: Cevital to build 8Mta cement plant24 July 2014, Published under Cement NewsThe Cevital group, owned by Issad Hebrab, plans to build a greenfield cement plant in Algeria. The country’s National Investment Council has validated the project and technical studies have started, according to Mr Hebrab in El Watan. Located in El Khroub, Wilaya, the cement works is expected to produce 8Mta in the long term. In 36 months, the first phase of construction will result in a production capacity of 4Mta, followed a year later by an additional 4Mta. The cement plant will be supp... |
Reconstructing Congo22 July 2014, Published under Cement NewsIn the west of the Democratic Republic of Congo, considerable change is afoot as the local Rawji Group enters a joint-venture with Lucky Cement of Pakistan to build a 1.3Mta cement works, Nyumba Ya Akiba sarl. In a country with sizeable cement shortages, the new plant will significantly alter the local cement supply landscape and help to develop this part of central Africa. By Lucky Cement, Pakistan. Groundbreaking for the extraction of limestone, DR Congo Home to over 77m peopl... |
Invecem awarded limestone and clay concession06 May 2014, Published under Cement NewsIndustria Venezolana de Cemento (Invecem) has been granted a licence for limestone and clay exploitation by the state government of Falcón. The 20-year licence will enable the Venezuelan cement producer to increase production by 23 per cent. "The signing of this concession is very important as it will allow us to develop our products in line with the first phase of the expansion project we have started in January and will culminate in April," said José Camejo, director of Invecem’s Cumare... |
Shanshui Cement announces 2013 gross profits of US$617.7m24 March 2014, Published under Cement NewsDuring the 12-months ended 31 December 2013, China Shanshui Cement Group Ltd’s revenue reached CNY16,535m (US$2667.85m). Gross profit was CNY3829m while profit from operations reached CNY2557m. Profit attributable to equity shareholders of the company was CNY1017m. Basic earnings per share reached CNY0.36. The Board recommended the payment of a final dividend of HKD0.092/share (US$0.01/share) for the year ended 31 December 2013. Mr Zhang Bin, chairman and general manager of Shanshui Ceme... |
PT Semen Indonesia agrees loan for new plant24 March 2014, Published under Cement NewsCement producer PT Semen Indonesia has secured a non-cash loan of IDR1.4trn (US$122.57m) from PT Bank Mandiri, said Ahyanizzaman, the company's finance director. The firm will use the facility to build a works worth IDR3.7trn ($323.92m) with a capacity of 3Mta in Rembang, Central Java, according Kontan Online. |
Congo Rep opens Dolisie cement plant24 March 2014, Published under Cement NewsDenis Sassou Nguesso, President of the Republic of Congo, inaugurated a new cement works in Dolisie, located in the south west province of Niari, on Saturday 22 March. The 0.3Mta works was financed and built by China-based Forspak International, who invested XAF34bn (US$71m). Forspak CEO, Pen An Ping, said the plant will contribute significantly towards satisfying the country’s demand for cement. According to the industrial development and private sector minister Isidore Mvouba, current c... |
Chinese sign US$733m cement deals in Nigeria and Myanmar13 December 2013, Published under Cement NewsSinoma and CITIC Heavy Industries have agreed deals worth US$733m to construct cement plants in Nigeria and Myanmar, respectively. Sinoma International Engineering Co Ltd, part of China National Materials Co Ltd, signed a US$536m contract with Nigeria’s Dangote Cement Plc, according to a Reuters report. Sinoma and Dangote will build two clinker cement production lines in Nigeria, each with a cement capacity of 6000tpd. Meanwhile, CITIC Heavy Industries is collaborating in Myanmar with a... |
Cemex Latam opens new grinding unit in Colombia22 November 2013, Published under Cement NewsCemex Latam Holdings inaugurated a new cement grinding plant in Clemencia in Bolivar, Colombia. Output from the 0.45Mta works is expected to supply projects in the Caribbean coastal area. The plant, which will produce three types of cement (for general purposes, for structural use and for use in marine environments), is located on a 10ha site. "Our vision is to promote the development of Colombia with building solutions that generate welfare people. The country must increase its cement... |