Cement News tagged under: new project
Huaxin Cement seeks funding for US$140m project03 December 2018, Published under Cement NewsHuaxin Cement Co Ltd is seeking the assistance of international banks to close funding on its US$140m plant in Nepal, after it secured a US$30m loan from the Export-Import Bank of China (EIBC), according to Inside International Industrials. Nanjing Golden Cement Technology Engineering Co has been confirmed as the project design firm. The design of the 3500tpd facility is expected to be completed before March 2019, with the funding also expected before then. The company plans to add one o... |
Solid Cement borrows US$75m from related company27 November 2018, Published under Cement NewsSolid Cement, an operating subsidiary of Cemex Holdings Philippines, is borrowing US$75m of subordinated revolving credit from Cemex Asia. The money will be used to refinance existing debt, alongside funding the construction and installation of the new 1.5Mta line at the company’s Antipolo facility. Solid Cement has made an initial drawdown on this facility equivalent to approximately US$40.7m, according to the Manila Bulletin. The company has also entered into the principal project agreem... |
RCCPL announces grinding plant expansion06 November 2018, Published under Cement NewsIndia's Birla Corp has announced that it plans to carry out the second phase of expansion at the grinding plant of its RCCPL subsidiary in Kundanganj, Uttar Pradesh. The project includes the installation of a 1.2Mta third line, increasing total plant capacity to 3.2Mta. The plans are expected to be completed in the FY20-21 at an investment cost of INR2.5bn (US$34.23m). |
Vicat announces expansion plans in India21 August 2018, Published under Cement NewsAt the inauguration of a 1.2Mt bulk cement terminal in Mumbai, France-based Vicat Group announced that it has invested INR3bn (US$43m) this year on capacity expansions in southern and eastern India. "We have already invested INR3bn this year. Our expansion plan includes setting up of 1.2Mt of bulk cement terminal at Kalamboli in Mumbai and second line of 2.75Mta capacity in existing Kalburgi cement plant and establishing a grinding unit of 1.7Mta capacity at Vizag in Andhra Pradesh to expa... |
Lehigh Hanson announces US$600m expansion and modernisation project13 July 2018, Published under Cement NewsUS-based Lehigh Hanson Inc has announced a US$600m plan to modernise and expand its plant in Mitchell, Indiana. The project to increase production capacity while significantly reducing energy usage and emissions, is the largest expansion and modernisation that the company has undertaken in North America. "The modernisation of the Mitchell plant will enable us to produce cement more efficiently and sustainably through the use of state-of-the-art technology and the latest in environmental c... |
Saudi company to invest in Egyptian production lines04 May 2018, Published under Cement NewsA Saudi Arabian company is expected to invest EGP500m (US$28.37m) in three Egyptian production lines, according to Ahmed Abdel Razek, head of the General Authority for Industrial Development. Mr Razek stated that the company has requested 200,000m in the industrial zone of Alexandria's Borg-El-Arab, and the first line will commence in 18 months once the land is allocated. A joint cooperation protocol is expected to be signed between the two parties to exchange expertise and information on ... |
LEILAC holds inaugural conference in Belgium09 February 2018, Published under Cement NewsThe inaugural Innovation in Industrial Carbon Capture Conference was held in Oupeye, Belgium, on 7-8 February. Over 130 delegates attended the two-day event organised by the Low Emissions Intensity Lime and Cement (LEILAC) Consortium. LEILAC has set up an industrial project with EUR12m of EU funding to demonstrate technology designed to reduce carbon emissions from cement and lime industries. As part of the conference programme, the official groundbreaking ceremony of the project was held... |
LafargeHolcim to provide solutions for two port projects09 February 2018, Published under Cement NewsLafargeHolcim will provide industrial solutions for two port projects in Ecuador and Morocco, according to SeeNews. Due to complete in 2020, LafargeHolcim Maroc will supply cement for the Nador West Med, an integrated port project. This includes precasting caissons, breakwaters and quay construction using cement suited to a marine environment. In Ecuador, the company’s local subsidiary has been contracted by CHEC to assist during the first phase of construction of the multi-purpose, deep-... |
JK Cement reports 10% increase in net profit05 February 2018, Published under Cement NewsJK Cement has reported a 9.77 per cent YoY increase in net profit for the quarter ending 31 December 2017. This translates to a total of INR7.2bn (US$112.2m), compared to INR6.64bn seen in the year-ago period. Net revenue grew by 26.84 per cent in the 3QFY18, finishing at INR112bn (3QFY17: INR88.7bn). However, the company’s operating expenses also rose 29.24 per cent in the Oct-Dec 2017 quarter to INR95.5bn, when compared with INR73.9bn of the previous year’s quarter. Elsewhere, JK Ce... |
Big Boss Cement launched in Manila11 January 2018, Published under Cement NewsA new cement business, Big Boss Cement Inc, was launched in Manila, Philippines, on Thursday, according to ABS-CBN News. The company plans to use lahar or other volcanic debris to produce cement, since the process requires less heat than conventional raw materials and therefore, will reduce CO 2 emissions. The chairman of Big Boss Cement, Henry Sy Jr, also serves as chairman of SM Prime Holdings. "There’s a huge demand for cement. The company believes we should be able to fill in the d... |