Cement News tagged under: new projects
Gresik to invest in new plants, Indonesia28 May 2012, Published under Cement NewsIndonesian cement producer, PT Semen Gresik, plans to build new cement plants in Sumatra and Java this year with an investment cost of IDR7trn (US$756m), according to reports in the Jakarta Globe. Dwi Soetjipto, president director of state-owned Gresik, said: “We will add the plants to directly support the production process, or the core business of the company.” Semen Gresik will seek a bank loan to finance the construction of the plants, he said, adding that another option was a bond... |
CMS embarks on expansion, Malaysia23 May 2012, Published under Cement NewsCMS Cement, the sole cement manufacturer on the Malaysian state of Sarawak, is to invest MYR150m on an expansion programme, Malaysia’s National News Agency, Bernama, reported. "The state's annual need is 1.66Mt and in the last five years, it has registered increases of 10 to 15 per cent," CMS Group Managing Director Datuk Richard Curtis told reporters after officially opening the company's MYR22m Sibu Bulk Cement Terminal. "We will expand our Kuching and Bintulu plants to be able to pr... |
Saudi Cement delays kiln starts until 3Q1216 May 2012, Published under Cement NewsFurther to Saudi Cement Company announcement in February 2012 regarding re-operating of Kiln No. 6 with 4000tpd of clinker capacity, and also the re-operating of three old kilns with total capacity of 1325tpd during the month of May 2012, the company has announced that due to technical reasons re-operating of all four kilns will take place during the third quarter of 2012. (Source: Mist News) |
Citi cuts CNBM, Conch target price, China11 May 2012, Published under Cement NewsCiti Group has cut the target price of Chinese players CNBM to Sell and Anhui Conch to Neutral and outlines the latter's latest moves in terms of suspended and new capacity. “We think the industry affiliation in East China market is breaking down. Mills are restarting suspended production lines to recoup volume. Demand is recovering, as we expected, however not as fast as the supply resumption. Price pressure should materialize in the next one to two quarters,” the house said in a statem... |
FLSmidth wins orders for Cimpor projects in Brazil30 April 2012, Published under Cement NewsFLSmidth has received contracts to provide two major cement projects for Cimpor in Brazil. The expansion plans include a brand new production unit in northwestern Brazil (the Caxitu project) and a new production line at Cimpor’s existing Cezarina plant in central-western Brazil. When commissioned in 2013, the two projects will form an essential part of Cimpor Cimentos do Brasil’s current 2.3Mta expansion programme. They will help to support Brazil’s growing economy and development of infra... |
Bangladesh: Seven Rings Cement to double production capacity23 April 2012, Published under Cement NewsSeven Circle (BD) Ltd, one of the fastest-growing cement companies of the country, will double its production capacity to 3.3Mta by the end of 2014. "We have now the capacity of 1.7Mta and the expansion drive of our company was taken in view of the rising demand of cement," Asadul Haque Sufyani, general manager (Marketing) of Seven Circle (BD) Ltd, told The Financial Express in an interview recently. "Consumption of cement, one of the key backward linkages of the construction and real e... |
Athi River Mining: East Africa expansion02 April 2012, Published under Cement NewsKenya-based cement producer Athi River Mining (ARM) earlier this week reported a significant rise in 2011 cement sales on the back of new domestic cement capacity. The company is now nearing completion of the first of three projects in the Tanzanian market and has secured additional funds for expansion as it seeks to harness increasing demand in the promising East Africa region. I n 2011, group turnover rose 37% YoY to KES8.2bn (US$99m) as cement sales increased 72%. This was helped by “t... |
Indocement sales advance, further growth ahead, Indonesia21 March 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, said on Tuesday cement sales rose 15 per cent in 2011 and forecasts a strong rise in infrastructure projects supported by the government’s recently-passed land clearing law. Domestic sales volumes by Indocement rose 20.2 per cent as the Indonesian construction sector has been benefiting from lively activity, particularly in the residential and high-rise construction sector, noted HeidelbergCement. As a result of lower stro... |
Lafarge to expand Indian operations21 March 2012, Published under Cement NewsLafarge is expanding its operations in India but says it will do so organically and isn't considering any acquisitions at present, Chairman Bruno Lafont said Tuesday. "We will continue to grow, mostly through internal growth and by expanding our existing cement plants and growing through several greenfield plants," Lafont told reporters on the sidelines of an event. He said the company will continue with its program to increase production capacity in India by 2Mta but no completion da... |
Ambuja Cements investment update, India16 March 2012, Published under Cement NewsAmbuja Cements, part of the Holcim Group, plans to invest INR18bn (US$358m) by December 2013 to increase capacity. The investment will be funded through internal accruals. As of the quarter ended December 31, the company had a cash surplus of INR77bn, India Investment News reports. The Indian cement major plans to establish a 2.2Mta clinker plant at Naguar in Rajasthan, for which a feasibility study has been completed and environmental clearance obtained. Ambuja Cement has also initiat... |