Cement News tagged under: new plant

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PT Semen Indonesia

02 December 2013, Published under Cement News

PT Semen Indonesia has posted a 15.2 per cent rise in net profits in 9M13 to IDR3.91trn (US$352m), compared to the same period last year. This comes despite higher costs including a 31.5 per cent jump in revenue costs to IDR9.55trn and an equal rise in selling expenses to IDR1.59trn. Net income was up 18 per cent in 9M13 with gross income jumping 21 per cent to IDR5.1trn. With Indonesia’s economy predicted to grow by 5.9 per cent this year, the government plans to boost infrastructure inc...

PPC

02 December 2013, Published under Cement News

Despite rising electricity prices and depreciation pushing up input costs, South Africa’s PPC has posted an eight per cent rise in EBITDA to ZAR2500m (US$244m) for the year ending September 2013. Revenue growth increased by 13 per cent rise to ZAR8320m (US$811) for the period, while gross profit was up nine per cent at ZAR2700m (US$263m). Strong growth in South Africa and Zimbabwe bumped total cement sales for the period up by seven per cent. Cement now accounts for 86 per cent of the com...

PT Semen Indonesia to further boost capacity

18 November 2013, Published under Cement News

PT Semen Indonesia plans to spend up to IDR6trn (US$516.4m) on capital expenditure in 2014, up from this year's IDR3trn, which will be used to build a greenfield cement factory. This will boost production capacity and finance working capital, said corporate secretary Agung Wiharto. Reuters reports that the company will develop plants in Central Java and West Sumatra, and a cement packaging plant worth up to IDR1trn. It expects sales volume of 5.6Mt in the 4Q13 and achieve its 2013 full-y...

DG Khan Cement plans greenfield plant, Pakistan

12 September 2013, Published under Cement News

DG Khan Cement has been given the green light by its Board of Directors (BoD) to set up a greenfield plant in Pakistan, but plans for a Mozambique facility have been withdrawn. The Pakistan-based manufacturer announced it is to set up the new 2.6Mta facility in the Hub District, Lasbela in the Baluchistan Province near Karachi. Its BoD has asked management to initiate the process to establish the plant, the land for which has already been acquired. If the new project comes to fruition...

Siam Cement plans 1.8Mta plant in Myanmar

26 August 2013, Published under Cement News

Siam Cement Pcl, Thailand, plans to build a 1.8Mta integrated cement plant in Myanmar, ready to start production in mid-2016. The THB12.4bn (US$388m) investment will position Siam Cement as one of the foremost producers in the country, where cement demand is forecast to increase by 10 per cent over the next five years, according to a Reuters report. Last year, Siam Cement accounted for more than 40 per cent of the 4Mt of cement consumed in Myanmar. Siam Cement is 30 per cent owned by the ...

Bío Bío and Votorantim to start work on Peruvian plant

25 June 2013, Published under Cement News

After two years, Chile’s Cementos Bío Bío and its Brazilian partner Votorantim have successfully obtained all permits to build their first plant in Peru, representing an investment of US$160m. In the past few weeks, the tender details for the equipment needed and the financing arrangement have been worked out. Hernán Briones, president of Bío Bío said funding would come from the cement company’s cash flow and rejected the possibility to emit shares or to realise a raise in capital. Wor...

Lucky Cement joint venture prepares to break ground on new DR Congo plant

30 May 2013, Published under Cement News

Nyumba Ya Akiba (NYA), a joint venture between Pakistan-based Lucky Cement and the Rawji Group of the Democratic Republic of Congo, is set to break ground on a new 1.2Mta integrated works at the end of next month. The new facility, to be situated 250km from the DR Congo capital on the main Kinshasa-Matadi Highway, will host a groundbreaking ceremony on 30 June 2013, a Lucky Cement spokesperson told CemNet News. NYA has already finalised its plant and machinery purchase contract with FLSmid...

PPC Zimbabwe to build new cement plant

27 February 2013, Published under Cement News

A new US$200m cement plant is to be built by Portland Holdings Ltd (PHL), the Zimbabwe subsidiary of South Africa's PPC, to service the Harare and central Mozambique markets. The new plant will have a cement capacity of about 1Mta and will coincide with the construction of a separate grinding facility in the neighbouring territory of Tete in Mozambique. The plans could significantly boost output and market share for PPC Zimbabwe which currently dominates the domestic market with Lafarge Ce...

Bosnia-Herzegovina: Turkey's GIMAS shows desire to construct Gacko cement plant

12 February 2013, Published under Cement News

Representatives of 'GIMAS' and the mayor of municipality Gacko recently held a meeting with representatives of Enel, Alfa Motor and Dr Boško Vukovic regarding the possibility of building a cement factory in the region. In addition to large reserves of coal and energy production, the Gacko municipality also has significant reserves of limestone, clay and marl, which could serve as the basic raw material for cement production. Taking in account that the area does not currently produce cem...

Nigeria's Flour Mills to borrow to double cement capacity

11 February 2013, Published under Cement News

Flour Mills of Nigeria plans to borrow between US$400m-500m to construct a new cement plant which will double its existing 2.5Mta capacity, its chief finance officer said. Jacques Vauthier told Reuters the conglomerate had appointed financial advisers and banks to raise a term loan from the local market for the construction of the plant. He said the details of the loan were still being finalised. The new cement plant will be completed by 1Q16, Vauthier said. Nigeria's biggest cement firm ...