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Nationbuilding in Papua New Guinea

12 October 2020, Published under Cement News

Mayur Resources is an ASX-listed company focussed on the development of natural resources in Papua New Guinea (PNG). As the company prepares to begin construction of the country’s first integrated cement and lime project next year, Tim Crossley, executive director of Mayur Resources, explains how the plant will have first-mover advantage to capture the growing domestic market as well as significant export market potential. Mayur Resources will build Papua New Guinea’s first integrated...

Uzbekistan's cement capacity reportedly set to rise 60% YoY

17 August 2020, Published under Cement News

Uzbekistan’s cement production capacity will rise to 20Mta by the end of 2020, up 60 per cent YoY from 12.5Mta at the end of 2019, according to Ulugbek Abrayev, deputy chair of Uzbekqurilishmateriallari. Mr Abrayev added that the country will produce 14.5Mt in 2021, around 73 per cent of the projected capacity for 2021. At present 10 cement plant construction projects across eight of Uzbekistn’s 12 regions are due for completion in 2020 and 2021.

Ramco Cements aims to be debt-free in three years

14 August 2020, Published under Cement News

India’s Ramco Cements has announced plans to become debt-free in three years, while noting that FY20-21 will be a challenging year for the company. "While the initial few months were impacted by COVID-19 related lockdown, the remaining months would see slower pick up as majority of Government spending gets channelised towards healthcare and supporting weaker sections of society," said A V Dharmakrishnan, CEO. "Our priorities will be to efficiently market products and to become a debt-free ...

Vietnam: increasing demand for sustainable technologies

23 June 2020, Published under Cement News

In terms of cement production, Vietnam is one of the fastest-growing countries in the world, thanks to robust domestic demand and its position amongst the world’s top cement exporters. However, this success has brought challenges and the industry is now pushing to reduce its environmental impact and optimise efficiency through the latest technology. Maxime Ramael, country head for Vietnam at FLSmidth, explains how the latest technology is supporting this endeavour. By FLSmidth, Vietnam. ...

UltraTech Cement reduces capex plans to INR10bn in FY20-21

05 June 2020, Published under Cement News

India’s UltraTech Cement has announced that it will be restricting its capital expenditure plans to INR10bn (US$132.42m) during the current fiscal year, following the disruptions caused by the COVID-19 pandemic. "The company's capital and financial resources remain entirely protected in spite of the adverse impact on its sales during the first two phases of the lockdown. The company's liquidity position remains adequately covered," said the company in a regulatory filing. "Conserving cash ...

No new cement projects expected in Vietnam this year

11 May 2020, Published under Cement News

Vietnam’s cement industry is not expected to see the construction of any new production lines this year, according to Nguyen Quang Cung, chairman of the Vietnam Cement Association (VNCA). Mr Cung noted that the industry is now facing oversupply, creating a challenging environment for cement firms to invest in new factories. The chairman also stated that the Thanh Son project in Thanh Hoa is yet to finish following a decade of construction. However, as previously announced, two additional ...

Lucky Cement reports strong export sales in 9MFY18-19

29 April 2019, Published under Cement News

Pakistan’s Lucky Cement Ltd has reported a PAT of PKR8.29bn (US$58.53m) during the nine-month period ended 31 March, a 15.4 per cent fall compared to PKR9.80bn of last year. The profit declined despite the company having achieved an overall gross sales revenue growth of 3.3 per cent YoY to PKR52.32bn from PKR50.63bn, with the increase attributed to higher export sales volumes for clinker. However, the cost of sales during the 9MFY18-19 increased by 14.1 per cent per tonne, mainly due to an i...

Evaluating an EPC project

30 January 2019, Published under Cement News

In this month’s Technical Forum, Dr Michael Clark looks at the essential factors that cement producers must take into account when choosing the right contractor for a potential EPC project. Time to completion is an important factor to consider, as it will impact the net present value At the beginning of each year, ICR provides an update on new cement capacity projects around the world. Capacity development projects are an infrequent and possibly unique event for a cement company...

Bashundhara Group to supply major infrastructure projects

14 January 2019, Published under Cement News

Bangladesh's Bashundhara Group has been selected as the cement supplier for the country's first Metro Rail project and the construction of Kalna Bridge over Madhumati River in Gopalganj. Abdul Monem Ltd is the contractor for both projects. Bashundhara will provide 150,000t of cement for the Metro Rail project and 50,000t for the 690m-long Kalna Bridge. "Bashundhara and Abdul Monem Group are like members of a family. I wish every success of the projects," said Sayem Sobhan Anvir, managing ...

Ramco Cements to spend INR8.5bn on plant expansion

27 November 2018, Published under Cement News

India’s Ramco Cements is investing INR8.5bn (US$120m) to increase capacity at its facility in Jayanthipuram, Andhra Pradesh, by 1.5Mta and construct a 27MW WHR system. The project is part of an overall expansion plan for the company. "Currently, we have cement grinding capacity of 16.5Mta, which we plan to take to 20Mta by March 2020," said A V Dharmakrishnan, CEO of Ramco Cements. The plan would see its Kolaghat, Visakhapatnam and Odisha grinding units each expanded by nearly 1Mta, accord...