Cement News tagged under: new plant
Tongling Shangfeng to enter Kyrgyzstan13 August 2014, Published under Cement NewsTongling Shangfeng Cement, a subsidiary of Gansu Shangfeng Cement, has signed a letter of intent to acquire an equity stake in Zeth Cement of Kyrgyzstan. The Chinese-based company aims to join forces with investor Zhu Rongjun to develop a cement and clinker line with a capacity of 3000tpd. Tongling Shangfeng will have a 58 per cent stake in Zeth while Zhu will hold the remaining 42 per cent. |
PPC Barnet awards Sinoma DR Congo contract11 August 2014, Published under Cement NewsA new US$300m cement plant will be built in the Democratic Republic of Congo. The 1Mta cement works, owned by PPC Barnet DRC, will be located near Zamba, in the Cataracts district, around 230km from the capital Kinshasha. The construction of the plant is expected to take around 26 months to complete and will see the building of a fully-integrated works with a five-stage preheater kiln and inline calciner. To mark the inaugural phase of the project, PPC Barnet DRC signed an engineering,... |
Pokot factory nearing construction phase, Kenya07 August 2014, Published under Cement NewsConstruction is expected to start on the Pokot Cement Factory as the establishment of preliminary facilities gets underway. Governor of West Pokot, Simon Kachapin, said that the Indian investors behind the factory have been allowed to start setting up associated facilities such as housing for the workers who will construct the plant. The new 1.2Mta plant is being established by Cemtech Ltd, a subsidiary of the Sanghi Group of India. As part of the project, the group will also set up a 6... |
Savannah Cement plans clinker line, Kenya06 August 2014, Published under Cement NewsKenya-based Savannah Cement plans to establish a clinker line at an investment cost of around KES17bn (US$193.3m). The cement producer currently imports clinker for its plant based in Athi River, Standard Digital News (Kenya) reported. While plans for the new clinker line are still at an early stage, the Savannah Cement expects completion of the facility by the end of 2017. Ronald Ndegwa, Savannah Cement’s managing director, told reporters that the company is currently scouting four di... |
Mongolia: Senj Sant receives EBRD loan05 August 2014, Published under Cement NewsThe 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, Canada04 August 2014, Published under Cement NewsMcInnis 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, UK30 July 2014, Published under Cement NewsHanson 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 construction29 July 2014, Published under Cement NewsPPC 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 plant29 July 2014, Published under Cement NewsRashid 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 upbeat17 July 2014, Published under Cement NewsSiam 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... |