Displaying items by tag: Plant
India: Jaiprakash Associates Limited is selling its 2.1Mt/yr capacity split grinding plant at Bhilai, Chattisgarh to Shree Cements Limited for an enterprise value of US$293.
The deal is expected to be completed in October 2014.
Bhilai Jaypee Cement Limited is a joint venture between Jaiprakash Associates, which holds 74% stake in the unit and the Steel Authority of India Ltd (SAIL), which holds 26%. The cement plant, which has revenues of US$130m/yr, has US$97.5m of debt. After adjusting for this, the equity value of the deal is US$179 – 195m.
Dominican Republic: Cemex has launched operations at a 1.5MW solar energy complex in the Dominican Republic in line with its commitment to sustainability. The facility will supply 2.2MkWhr/yr of energy to Cemex's cement plant in San Pedro de Macoris. It features 5040 panels with high-tech inverters. It is the first solar power plant owned by Cemex in the Caribbean. The company aims to continue to invest in sustainable energy solutions, such as marine and wind power.
Egypt: The military-run Al-Arish cement plant is building a new cement production line, which will be completed by the end of 2015, according to the head of the construction materials department at the Cairo Chamber of Commerce Ahmed El-Zeiny. After completion, the production line will double the plant's production from 3.5Mt/yr to 7Mt/yr. It is expected to cost up to US$112m.
"This is an attempt to fight the monopoly imposed by foreign cement facilities that sell cement at higher prices than the international standards," said El-Zeiny.
Angola: Cement production in Angola has reached 8Mt/yr, which was slightly more than the amount consumed, making Angola self-sufficient in terms of cement.
The China International Fund Ltd (CIF) plant is the country's newest cement facility. Production from the 4Mt/yr capacity cement plant enabled Angola to cease cement imports. The plant has two 5000t/day production lines, 145MW of power production capacity and three wind turbines.
Kenya: Savannah Cement, one of Kenya's newest market entrants, is set to build two new plants as it nears exhaustion of its current capacity, according to managing director Ronald Ndegwa. He said that Savannah Cement plans to invest US$250 – 350m for a clinker plant and a second mill to support its existing operations.
"We see ourselves running out of headroom in two to three years at our current mill, hence the new investment," said Ndegwa. "The clinker plant would use local limestone to make clinker."
Egypt: Suez Cement Co has voluntarily agreed to close its Tourah Cement Factory 1 to comply with the local government's policy to reduce the number of facilities that do not meet environmental standards. Suez Cement has instead chosen to invest US$69.9m in environmental mitigation measures at its Tourah Cement Factory 2.
India: Century Textiles and Industries Manikgarh cement plant II has commenced production as of 26 September 2014. The plant has 2.8Mt/yr of cement production capacity.
India: Zuari Cement has announced that it will set up a 3.2Mt/yr cement plant in Gulbarga through its subsidiary Gulbarga Cement Ltd (GCL). The company also plans to set up 50MW captive power plant. The site for the new plant is 28km from Gulbarga city on the Gulbarga–Bangalore highway.
According to Nabil Francis, Managing Director of Zuari Cement, on completion of the project, the company will have a total capacity of 10Mt/yr and will become one of the largest cement manufacturers in South India. "The capacity expansion will strengthen our presence and strengthen our market expansion plans in the southern, western and the north east markets," he said.
The foundation stone for the plant was laid on 30 September 2014 by Francis along with Ramesh Suryanarayana, Director of Business Development, in the presence of Surendra Pattar, Site Manager, and other senior Zuari Cement executives.
Francis said the Gulbarga unit is designed to double its capacity in the future as part of the plans to cater for growing demand in northern Karnataka and neighbouring Maharashtra.
India: Wonder Cement Limited is planning to expand the capacity of its cement plant at Tehsil Nimbahera in Chittorgarh district of Rajasthan. The company has placed an order with Gebr. Pfeiffer for raw meals and coal mills.
Indonesia: Two Chinese companies signed an agreement on 25 September 2014 to invest in an Indonesian cement plant as part of investment cooperation measures that were agreed by China and Indonesia in 2013.
State Development and Investment Corp (SDIC) and Anhui Conch Cement Company will fund the project for the plant located in West Papua Province. After the construction is completed, the plant will have 3Mt/yr of production capacity, serving Indonesia and neighbouring countries, including Papua New Guinea. SDIC and Anhui Conch will have stakes of 51% and 49% respectively.