Cement News tagged under: new plant

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Mongolia: Senj Sant receives EBRD loan

05 August 2014, Published under Cement News

The European Bank for Reconstruction and Development (EBRD) has signed a deal to loan Senj Sant US$65m for a new greenfield cement plant in southern Mongolia, about 450km from the capital Ulaanbaatar. The agreement, signed at a ceremony recently by EBRD First Vice President Phil Bennett, follows an earlier US$20m equity investment for a stake in Senj Sant agreed in May 2013. “This project represents yet another step towards the diversification of Mongolia’s economy,” Mr Bennett said at the...

McInnis Cement completes financing for Port-Daniel plant, Canada

04 August 2014, Published under Cement News

McInnis Cement has announced the completion of the financial structure for its cement plant in Gaspé, Canada. National Bank of Canada, as sole bookrunner of the bank syndicate, has confirmed the availability of a US$360m loan for the project. This amount is in addition to the US$500m in equity from private and public investors including the joint venture formed by the groupe Beaudier and La Caisse de dépôt et placement du Québec, as well as the participation of Investissement Québec (IQ). ...

Hanson plans Padeswood expansion, UK

30 July 2014, Published under Cement News

Hanson Cement has submitted plans for expansion of its packaging facilities at its Padeswood cement works in north Wales, UK. Just two years ago, the plant faced the threat of closure due to depressed construction levels. However the company decided to run the Padeswood works at half capacity in the hope the situation would improve. “We have three plants – one in Padeswood, one in Lancashire and one in Lincolnshire. We only really needed two and Padeswood would probably have been the one...

PPC Zimbabwe set for Harare plant construction

29 July 2014, Published under Cement News

PPC Zimbabwe said that preliminary work for a new plant in Harare is complete and construction is scheduled to begin next month. The country’s leading cement producer has reportedly secured approximately US$18m for the construction of the grinding facility, managing director, Njombo Lekula, told The Herald Business last week. Road access network to the Harare plant has been completed and a temporary office has already been set up, paving the way for construction to begin in August. Mr L...

Talks held on proposed Russian Karachay-Cherkessia plant

29 July 2014, Published under Cement News

Rashid Temrezov, the head of Karachay-Cherkessia Republic, and Filaret Galchev, a member of the board of directors of Eurocement Group, are in talks for the construction of a cement factory in Karachay-Cherkessia.  The new plant is slated to have a capacity of 4Mta. (Source: Vestnik Kavkaza)

SCG: second-quarter earnings drop expected, outlook upbeat

17 July 2014, Published under Cement News

Siam Cement, Thailand’s largest industrial conglomerate and leading cement producer, is expected to report a 10.5 per cent drop in second-quarter earnings, according to KGI Securities. The decline is mainly attributed to falling regional demand for chemical products. KGI analyst Nat Panassutrakorn has revised down his full-year net profit forecast by 8.2 per cent to THB34.5bn (US$1.1bn), but is more upbeat about longer-term prospects. "Revival in local confidence, quick disbursement fr...

Diamond Cement’s new Congo works on track for 2Q15 start

14 July 2014, Published under Cement News

The construction of Diamond Cement’s plant in Mindouli in the Republic of Congo is now around 40 per cent complete and is on-track for completion in the second quarter of 2015.  The new works will have a cement production of 0.6Mta in the first stage, with the option to expand this to 1Mta. Once completed, Congo will have three cement works, including the 0.3Mta Sonnoc-based Loutété in Bouenza and Forspak’s 0.3Mta Dolisie Niari works. At Hinda, in the department of Kouiou, a further ce...

Christian Pfeiffer confirms CMS grinding order

04 July 2014, Published under Cement News

Christian Pfeiffer confirmed it has received the order to erect a turnkey cement grinding plant including silos and packing facility for Caha Mata Sarawak (CMS), in Kuching, Malaysia. The related contract was signed on 23 June 2014. The order, at a total amount of about EUR36m comprises engineering, fabrication, and supply of the entire equipment including electrical and control equipment, installation and commissioning of the grinding plant as well as the complete construction work and la...

Eurocement signs Uzbekistan supply contract

01 July 2014, Published under Cement News

Eurocement has signed a US$128m contract with China CAMC Engineering, a unit of Sinomach, for the supply of equipment, as well as design, installation, and training for a new cement plant in the Tashkent region of Uzbekistan, the group said in a statement Monday. The plant will have a projected cement capacity of 2.4Mta and will be launched in 2016. It will be operated under Eurocement’s local Uzbek subsidiary, Akhangaran Cement. In May, Eurocement Group signed a US$500m equipment supply c...

Dangote’s Cameroon plant scheduled for August launch

30 June 2014, Published under Cement News

Dangote has rescheduled the launch of its Cameroon cement plant for August 2014, management told local press during a site visit to the new plant.  Baba Abdullahi, Dangote Cement Cameroon’s managing director, said the factory’s launch has been rescheduled due to to electricity provision problems, the need to ensure viable access to the cement factory and unfavourable weather which has caused work to slow.  But, overall, the company’s heads maintain that construction on the Douala factory ...