Cement News tagged under: new project
JSW Group plans Salboni plant, India29 September 2015, Published under Cement NewsJSW Group announced that it will be setting up a 2.4Mta grinding plant at Salboni in West Midnapore district, West Bengal, India. A 10Mt steel plant was originally planned for the site, but the company has not proceeded with the project thus far due to coal and iron linkages and problems with the land lease. However, chairman Sajjan Jindal explained to local press that JSW wants to have some activity at Salboni while the steel project is delayed. The foundation stone ceremony is being p... |
NCC kicks off Pangasinan plant expansion28 September 2015, Published under Cement NewsNorthern Cement Corp (NCC), part of the San Miguel Corp, has broken ground on the US$200m expansion of its plant in Pangasinan, Philippines. The new project will double the facility's capacity to more than 2Mta. "The economy and infrastructure sector are growing rapidly and by expanding NCC, we are supporting the development efforts of the Philippine government and reducing dependence on imported cement," NCC President Ramon S Ang was quoted in the statement as saying. |
Guatemala: Fitch affirms Cementos Progreso IDRs, Outlook Stable25 September 2015, Published under Cement NewsFitch Ratings has affirmed Cementos Progreso SA's (Cempro) Issuer Default Ratings (IDRs) at 'BB+'. The Rating Outlook is Stable. Cempro's 'BB+' ratings reflect the company's leading position in Guatemala's cement industry. Its solid market position is viewed as sustainable considering the country's limited infrastructure and challenging logistics, which limit imports and significantly increase cement distribution costs. Further deterrents include the company's extensive distribution netwo... |
PPC expansion strategy on track24 September 2015, Published under Cement NewsPPC's expansion strategy remains on track and the new plant in Rwanda was officially opened on 18 August 2015. In an investor presentation posted on PPC's website ahead of the RMB Morgan Stanley Big Five Investor Conference in Cape Town on Monday, the company said all three remaining projects in the DRC, Zimbabwe and Ethiopia are ~45 per cent complete. The 1Mta Slurry Kiln 9 project has commence and production ramp-up is anticipated in 2018. In terms of its operational performance, posit... |
Confidence Cement plans expansion, Bangladesh23 September 2015, Published under Cement NewsBangladesh-based Confidence Cement Ltd is planning to double capacity from the existing 2000tpd to 4000tpd. The new project is scheduled for completion in 2016. During the first half of 2015, the company's revenue climbed 15.3 per cent YoY to BDT2.143bn (US$27.5m). Net profit dipped slightly to BDT152.3m versus BDT157.3m in the comparative period of the previous year. Confidence is the first private sector cement manufacturing company in Bangladesh, established in early 1990s with a capac... |
San Miguel Corp to up investment spend21 September 2015, Published under Cement NewsPhilippine conglomerate San Miguel Corp said on Monday it is raising planned investment in cement manufacturing to almost US$1bn with the addition of three new cement plants to two previously announced facilities. President Ramon Ang outlined the investment at a briefing following the listing of San Miguel's PHP33.5bn (US$720m) worth of newly issued preferred shares. Ang said in July San Miguel was building two cement plants, worth US$800m, expected to be completed in 2017. (Source: Reute... |
Myanmar: Arr Thit Man plans to double capacity16 September 2015, Published under Cement NewsMyanmar producer Arr Thit Man plans to double its cement output from 5000tpd to 10,000tpd by 2016, according to a report in the Myanmar Times citing senior officials. The company's plant is based in Kyaukse, Mandalay and it sells cement under the Double Rhinos brand. "We are a new brand, but we are focused on the quality of cement and fulfilling market demand," said the company's managing director. For the time being, Arr Thit Man plans to focus on meeting growing domestic demand rather t... |
Chinese ministries give nods to 37 cement, panel glass projects15 September 2015, Published under Cement NewsThe Ministry of Industry and Information Technology (MIIT) and the National Development and Reform Commission (NDRC) have given green lights to construction of 37 cement and panel glass projects in seven provinces of China, the MIIT said on Monday. The 37 projects that have already been under construction include three in Jiangsu Province, six in Fujian province, six in Hubei province, nine in Guangdong province, six in Guangxi province and one in Shaanxi province. Quite a few branches of ... |
KHD signs contracts in Russia14 September 2015, Published under Cement NewsZAB Zementanlagenbau GmbH Dessau (ZAB), Dessau, Germany, a subsidiary of KHD Humboldt Wedag International AG (KHD), Germany, has signed contracts totalling over EUR100m for equipment and services for a new cement plant with a production capacity of 4500tpd clinker. The new plant will be built in the Northern Caucasus region of Russia. |
Mitsubishi Materials plans to bolster US business11 September 2015, Published under Cement NewsMitsubishi Materials plans to invest as much as JPY3bn-4bn (US$24.9m-33.2m) to bolster its US business, according to reports in the Nikkei Asian Review. As early as 2016, the company will restart its Long Beach, California, receiving terminals and holding facilities that have been put on hiatus since 2009.The cement maker will also build new terminals and facilities in San Diego, with construction scheduled to start in 2017. The two installations will handle 2.5Mta, which will be sourced fr... |