Displaying items by tag: Investment

Togo: HeidelbergCement has announced plans to bring the capacity of its subsidiary Cimtogo’s grinding plant in Lomé up to 1.6Mt/yr from 0.6Mt/yr at an investment of Euro27.0m. Agencé Ecofin has reported that this will bring the German group’s total investment in Cimtogo to Euro225m since its acquisition in 2012.

Austria: RHI Magnesita has published details of a planned raw materials plant in Austria. The company will spend Euro40m in the construction of the Dolomite Resource Centre Europe for the processing of raw local dolomite into sintered dolomite for use in refractory products at Hochfilz in the state of Tyrol. State Governor Günther Platter and French ambassador to Austria François Saint-Paul joined local folkloric figures Krampus and Saint Nikolas in breaking ground at the site of the future plant, which will be the source of dolomite for all RHI Magnesita European operations from 2021. The plant is part of a raft of projects totalling Euro300m in additional investments by the Austria-based refractory products manufacturer in 2020.

India: Economic Affairs Secretary Atanu Chakraborty has announced an infrastructure-spending plan consisting of US$102tn expenditure before 30 April 2025. Iran Daily has reported that this includes an investment of US$13.6tn in the 12 months to 30 April 2019 - up by 36% from US$10.0tn in the previous 12 months to 30 April 2018. 25% of the investment will go to the energy sector and 19% spent on roads, 16% on urban infrastructure, 13% on railways and 8% on rural infrastructure and innovation. The Business Standard newspaper has suggested that slow growth in domestic demand in late 2020 may cause cement production capacity utilisation to return to a level above 70%.

Spain: The Port Authority of Gijón granted Cemex España a 30-year concession for use of 2480m² of the El Musel terminal for unloading, storage and bagging on 20 December 2019, subject to the Mexican company’s use of the facilities for a minimum of 50,000t/yr of cement and derived products for the first two years of the arrangement, 0.1Mt/yr for the subsequent three years, and 0.15Mt/yr thereafter. La Nueva España newspaper has reported that Cemex España applied for the concession in February 2019. Its plans consist of a Euro5.0m investment in a development including two 6000t-capacity silos, a 44m crane and bagging facilities. Cemex España will take an estimated 10 months to complete the works from beginning the project in early 2020.

Brazil: Refractory products supplier RHI Magnesita has announced a raft of investments totalling Euro300m in addition to its annual Euro120m maintenance expenditure. The investment will cover projects in all its operating regions, including a new raw materials plant in Austria and ‘significant’ expansions to its Contagem complex in Brazil and Cuttack non-basic brick plant in India. It further stated that it will ‘build secondary raw material sorting, cleaning and production capabilites’ to absorb waste streams.

Vietnam: 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.

Nigeria: Chinese-owned FabCom has unveiled a new fibre cement board at a ceremony celebrating the fifth anniversary of its presence in Nigeria. The Sun has reported that the company will manufacture 5Mm²/yr at its fibre cement board plant in Ambuja, which will be operational before 1 January 2021. FabCom managing director Liuxing Wang praised the product’s environmental friendliness, noting its durability, sound insulation, fire and water resistance and multi-use workability. FabCom’s investments in Nigeria total US$190m and have created 200,000 jobs, the company says.

Uzbekistan: Russia’s Eurocement has revealed that construction work underway at its 2.0Mt/yr integrated Akhangarancement cement plant in Tahskent region includes the installation of a second plant on the site, bringing its total capacity to 5.0Mt/yr. Trend News Agency has reported that suppliers have delivered 4500t of machinery to Akhangarancement, including a clinker refrigerator, clinker conveyor and heat exchanger as well as electrical equipment and building materials for a raw materials warehouse. Eurocement’s total investment in the project has amounted to US$200m.

Eurocement Group Holding International president Mikhail Skorohod said, “Taking into account the growing needs of the Uzbek market in building materials, Eurocement is committed to creation of a building materials cluster based around the Akhangarancement plant.” The company said that the upgraded 5.0Mt/yr plant would become operational in 2020.

US: Lehigh Cement and Lehigh White Cement have agreed to an investment of US$12m for the installation of pollution control technology across their 11 active cement plants. US Fed News has reported that the upgrades can be expected to reduce net emissions of nitrous oxised (NO_x) by 4550t/yr and sulphur dioxide (SO₂) by 989t/yr. Lehigh Cement will additionally pay a US$1.3m civil penalty for past Clean Air Act violations.

India: The government of the state of Odisha will invest US$1.25bn in infrastructure development, including construction of several industrial facilities. These will include a 1.0Mt/yr integrated plant owned by JSW Cement subsidiary Shiva Cement and a total of 4.0Mt/yr grinding capacity in new Shiva Cement and Shree Cement plants. The projects will source their cement from Odisha’s existing installed capacity of 7.3Mt/yr, consisting of 3.8Mt/yr integrated and 3.5Mt/yr grinding capacity at plants owned and operated by Dalmia Bharat’s OCC India, Toshali Cement, UltraTech Cement and Lafarge Holcim’s ACC Cement.