Cement News tagged under: new projects
Breaking ground on new plants16 July 2012, Published under Cement NewsCement plant construction has begun to ease off in former cement production hotspots such as Central Europe and North America but new contracts are forging ahead in the Crimea, South America and most noticably in Africa. ICR establishes where new cement capacity will come on-stream over the next few years. Holcim Guayaquil, Ecuador, is preparing to start work on a new 5000tpd clinker line at the end of 2012, creating some 2500 jobs during the construction phase, which is expected t... |
PT Semen Bosowa seeks loans for expansion, Indonesia13 July 2012, Published under Cement NewsPT Semen Bosowa is seeking a US$700m-800m loan from national and foreign banks to expand its business to 10Mta by 2015. The funds will be used to construct at least four new cement plants, Semen Bosowa CEO Erwin Aksa told Bisnis Indonesia. Investments will be made in Bayuwangi (East Java), Cilegon (Banten), Sorong (Papua) and land expansion in Maros Regency (South Sulawesi). Aksa said that the company has no plans to issue notes or bonds as bank interest rates both in Indonesia and abr... |
Egypt set to resume cement license programme05 July 2012, Published under Cement NewsThe Egyptian government is to start resuming its cement licensing programme to attract investment, particularly foreign interest, according to an official at the Ministry of Finance. Reports in the Daily News, Egypt, state that the source noted that the “economic group of ministers prepared a plan to offer new cement licenses. The plan is the same prepared by the Industrial Development Authority (IDA) which was never implemented. The source estimated that the plan aims to yield EGP400m in... |
Vietnam first-half output seen down04 July 2012, Published under Cement NewsVietnam produced 27.3Mt of cement in the first half of this year, down 5.9 per cent from a year earlier, the government’s General Statistics Office (GSO) showed. During June, the country produced 5.5Mt, an increase of 15.8 per cent YoY, the GSO said in its monthly report. The office has also revised down the country’s output during the January-May period to 21.8Mt from a previously-estimated 22.5Mt. Last year Vietnam produced and sold 49.3Mt of cement. It imported 1.15Mt of clinker ... |
Chettinad Cements plans Karikkali plant expansion, India28 June 2012, Published under Cement NewsIndia-based Chettinad Cement is considering the expansion of its Karikkali cement plant in Tamil Nadu from 4.5Mta to 7Mta. According to reports in the Times of India, Chettinad is also planning to increase capacity of its captive power plant from 48MW to 78MW. The company received the Terms of Reference (ToR) from the union environment ministry in March this year and a public hearing for the project was called by the Tamil Nadu Pollution Control Board (TNPCB) also in March. Chettin... |
UltraTech Cement receives environmental approval for expansion25 June 2012, Published under Cement NewsUltraTech Cement has received environmental clearance for its expansion plans for two of its plants in Madhya Pradesh. The Environment Ministry has given clearance for UltraTech to its clinker plant from 3.59Mt to 6.2Mta and its cement plant from 4Mta to 10.33Mta. The company also plans to expand its captive power plant from 46MW to 122MW. The plants are located in Damodarpura and Khor villages in Neemuch district of Madhya Pradesh. |
Qatar National Cement to build new plant21 June 2012, Published under Cement NewsThe board of directors of Qatar National Cement Company (QNCC) has approved the construction of a new plant with a clinker capaicty of 5000tpd, the company said in a statement to the bourse. The board has mandated the company’s management to take the necessary steps to execute the project, SeeNews Middle East and Africa reports. QNCC reported a net profit of QAR117.9m for the first quarter of 2012, up from QAR113.7m a year earlier. |
New Nigerian plant to begin production soon18 June 2012, Published under Cement NewsCement production at the Igumale Cement Factory in Nigeria is to commence this month, according to local press reports. The 600,000tpa cement factory situated in Benue State, is a joint venture between the state government and a Chinese partner Zhengzhou Cangxi and Commerce Development Company Ltd. The project, was initiated in 2001, is to be completed in “due course” according to Commissioner for Commerce and Industries, Hon. Terfa Atoza Ihindan. (Source: The Leadership). |
Plans to resume new Philippine plant project08 June 2012, Published under Cement NewsAPC Group Inc, an energy and mining holding firm affiliated with Belle Corp, plans to resume a US$200m project in Cebu, Philippines, as the government’s public-private partnership projects spur cement demand. APC chairman and president Willy Ocier said during the company’s stockholders’ meeting on Wednesday that the revival of the cement plant project was among the company aims for 2012. In an interview with the Inquirer, Ocier said the cement plant would have a capacity of 1.5Mta and sho... |
Vietnam facing 6Mt surplus by year-end01 June 2012, Published under Cement NewsVietnam is projected to face a surplus of 6Mt of cement this year, the Vietnam Cement Association (VNCA) said. Domestic output is expected to reach between 60-62Mt, outstripping forecasted full-year domestic sales of 47-48Mt and exports 7-8Mt forecasts, the association was quoted by the financial website CafeF as saying Tuesday. Do Duc Oanh, general secretary of the association, saying that the industry’s high inventory is its biggest challenge. It has resulted in producers cutting pri... |