Shree Cement announces investment plans
India’s Shree Cement Ltd has announced a INR35bn (US$519.79m) capital expenditure budget for the current financial year. The amount includes INR20bn which will be spent to concl...
New Plants
71 posts · Page 7 of 8
New projects to take total Ugandan output to 6.8Mta
A number of projects in Uganda are expected to commence operation this year, taking total cement production to 6.8Mta from 3.6Mta, reports Ugandan newspaper The Independent. Him...
Philippines: DTI aproached about two new cement plants
Ramon Lopez, secretary of the Department of Trade and Industry (DTI) of the Philippines said two local groups have approached the agency on plans to add new cement capacity to t...
Pakistan: capacity expansion projects reach 27.3Mta
Pakistani cement producers have been announcing capacity expansions at a breakneck pace of late, reports the Business Recorder, which calculates that if all of these are complet...
Egypt: Premiere aims to attract new investment for cement sector
Ahmed Abdelmoghny, managing director of Premiere, said his company sought to raise EGP3.5bn (US$186.9m) for an Egyptian cement company to establish a 1.5Mta cement works on the ...
Vietnam slows down cement capacity development
The Vietnamese cement sector has 20Mta overcapacity and must now slow down the pace of investment into new cement production, the government has decided. Vietnam’s cement indust...
Egypt: IDA to allow cement producers to pay licenses in installments
The Industrial Development Authority (IDA) is allowing the three winners of last week's cement production license auction to pay license fees in annual instalments, Al Mal repor...
PT Indocement factory to go online in 3Q16
PT Indocement Tunggal Prakarsa's new cement factory in Citeureup, West Java, is expected to be operable by the third quarter of 2016, with investment of IDR6.5trn (US$491m). Ind...
India: UltraTech confirms US$2.4bn purchase of Jaypee assets
UltraTech Cement has reached a definitive agreement in its deal to buy 21.2Mta of production capacity from Jaiprakash Associates (JAL) at a cost of INR159bn (US$2.4bn). India's ...
Cementos Molins cuts back in Spain while expanding in foreign markets
As the Spanish construction crisis shows no sign of abatement, Cementos Molins expects to continue the adjustment in its Spanish workforce. The company’s vice-president and CEO ...