Displaying items by tag: Capacity
Nirma wins Emami Cement auction
06 February 2020India: Nirma Ltd’s subsidiary cement producer Nuvoco Vistas has announced that it has entered into an agreement with Emami Group for the acquisition of the latter’s 8.3Mt/yr-capacity cement business, including a 2.5Mt/yr integrated plant in Chhattisgarh and three grinding facilities. The company says that with the completion of a capacity expansion to its 4.6Mt/yr Jojobera, Jharkhand, plant in early-2020 it will have a total installed cement capacity of 23.5Mt/yr. Nuvoco Vistas managing director Jay Krishnaswamy said, “This is a momentous development for us, and in line with our long-term ambition to become a leading building materials company delivering superior performance!”
Sagar Cements increases January production by 4.7% year-on-year
06 February 2020India: Sagar Cement’s consolidated production volumes at its integrated 2.4Mt/yr Mattampally, Telangana, and 1.0Mt/yr Tadipatri, Andhra Pradesh, plants in January 2020 were 317,000t, up by 4.7% year-on-year from 303,000t in January 2019. Accord Fintech News has reported that consolidated sales in the period fell by 1.6% year-on-year to 315,000t from 320,000t in January 2019.
On 29 January 2020 the Indian Ministry of Environment, Forest and Climate Change granted environmental clearance to Sagar Cements for and upgrade to all three dry lines of its 2.4Mt/yr Mattampally plant to raise its capacity to 5.0Mt/yr. Its clinker capacity will rise from 2.0Mt/yr to 4.8Mt/yr. The expansion also includes a 36MW coal-fired power plant and a 22MW waste heat recovery (WHR) power plant.
Birla Corporation boosts three-month profit by 200% year-on-year
30 January 2020India: Birla Corporation has recorded a profit of US$11.3m in the three months ending 31 December 2019 - the third quarter of the Indian fiscal year: up by 200% from US$3.77m in the corresponding quarter of 2018. Revenues in the period rose by 11% to US$243m from US$219m.
Birla Corporation has also announced plans for a 3.9Mt/yr integrated grinding plant in Mukutban, Maharashtra, as well as upgrades further increasing both its integrated and grinding capacities.
0.75Mt/yr National Cement plant opens in Nakuru
29 January 2020Kenya: Devki Group subsidiary National Cement has launched its second Kenyan plant in Salgaa in Nakuru county at a cost of US$58.0m. Business Daily News has reported that the 0.75Mt integrated plant will supply cement to Kenya, South Sudan and southern Ethiopia.
Devki Group chairman Narendra Raval said that the completion of a 0.75Mt/yr second line at National Cement’s 1.2Mt/yr Kajiado County plant would bring the group’s total capacity to 3.5Mt/yr in July 2020, in a speech in which he lobbied the government to ban clinker imports. “We are gearing towards fixing the country’s clinker gap and making Kenya a regional market for raw material in cement production,” said Raval. The group also produces its Simba brand cement in Uganda.
Ghanaian government announces moratorium on new cement plants
28 January 2020Ghana: The Department of Trade and Industry has declared a moratorium on the construction of new cement plants in response to a cement surplus on the domestic market. Chamber of Cement Manufacturers executive secretary George Dawson-Ahmoah said that consumption stands at 6.5Mt/yr nationally. Ghana’s eight producers are utilising 50% of an total installed capacity of 12Mt/yr, according to All Africa News. “The government is investigating measures to prevent imports,” said Carlos Kingsley Ahenkorah, Deputy Minister of Trade and Industry. This may involve cement quality certification by the Ghana Standard authority.
Ramco Cements invests in 46% of Lynks Logistics
27 January 2020India: Ramco Group subsidiary Ramco Cements has invested US$0.7m in a 46% share in Lynks Logistics. The company will serve the 17Mt/yr-installed capacity producer’s logistics and distribution needs for all of India.
Shree Cement plans US$1.26bn capital expenditure to exceed 55Mt/yr capacity by March 2023
24 January 2020India: Having announced that it will not participate in bidding for Emami Cement, Shree Cement has announced a planned increase to its production capacity of at least 13.1Mt/yr to 55.0Mt/yr or more by 28 February 2023 from 41.9Mt/yr. It would do this through as yet undisclosed upgrades worth a total of US$1.26bn. The Business Standard newspaper has suggested that the measure is aimed at taking on UltraTech, the expected winner in the auction for Emami Cement’s 5.6Mt/yr-capacity installed assets (under expansion to 8.7Mt/yr).
A source of additional capital for Shree Cement’s planned expansion will be a qualified institutional placement (QIP) through which it has raised US$337m. The company acknowledged that it might reach its target through acquisitions from other producers, for which it would not exceed US$80/t of capacity.
Bangladesh: Switzerland-based LafargeHolcim’s subsidiary LafargeHolcim Bangladesh announced its intended expansion from cement production into building materials solutions provision at an event marking one year since the completion of its merger with Holcim Cement (Bangladesh). LafargeHolcim Bangladesh CEO Rajesh Surana said, “We will build on strengths of these two most premium and globally reputed companies and provide customers with multiple products and solutions under one umbrella rather than being a mere cement producer.” The Financial Express has reported that the company has a total capacity of 4.2Mt/yr of Supercrete and Holcim brand cement.
Uzbekistan: Chinese investors have announced the launch of a 0.9Mt/yr integrated cement plant in the Fergana region of Uzbekistan as a result of a total investment of US$113m. Trend News has reported that a second phase of work beginning in May 2020 will further increase the cement plant’s production capacity. This is one of five upcoming Chinese-owned integrated plants in Uzbekistan, with a shared capacity of 6.0Mt/yr.
New Tan Thang Cement plant to open in 2020
18 December 2019Vietnam: Tan Thang Cement has announced that it will commission its 2.0Mt integrated Nghe An cement plant in 2020. Its total investment in the plant, which is installed with equipment from Bedeschi, Lilama and Vinaconex, is US$211m.
Viêt Nam News has reported that this will help raise the total number of Vietnamese cement production lines to 86 in 2020, with a combined installed capacity of 106Mt/yr.