Displaying items by tag: Investment
Mozambique: West China Cement has signed a memorandum of understanding with the Mozambique government for four upcoming ‘industrial investment and development’ projects including a cement plant worth a total of US$800m. Local press has reported that another of the projects will be the construction of a power plant.
President Zhang Jimin said Zhang thanked the government for its past support of subsidiary Dugong Cimentos. He added “Due to this support we have, we are confident to continue the implementation of the development projects in Mozambique, as the government shows its concern to improve the investment conditions and environment.”
Croatia: Holcim Croatia plans to invest Euro1.28m to upgrade the dosing equipment of its Koromačno cement plant’s kiln line. The planned upgrade will enable the line to increase the proportion of alternative materials used in its cement production, thus equipping the plant for low-carbon cement production. Innovation Norway has granted the producer Euro441,000 towards the cost of the project.
Managing director Nikola Kovačević said “Mineral admixtures in cement have a threefold benefit: on the one hand, different characteristics are created in the cement to meet the requirements of different types of construction; on the other hand, the exploitation of natural resources decreases. Thirdly, the carbon footprint of the cement is thus reduced through the lowering of the clinker factor.”
Birla Corporation to increase cement capacity by 92% by 2028
30 September 2021India: Birla Corporation has announced plans for a 92% increase of its installed cement production capacity to 30Mt/yr by 2027 from 15.6Mt/yr. The company’s upcoming 3.9Mt/yr Mukutban cement plant near Nagpur, Maharashtra, is scheduled for commissioning in early 2022. The impacts of the Covid-19 outbreak increased the project’s cost by 12% to US$370m from US$330m. The Times of India has reported that the group’s next phase of expansion will focus on the operations of the former Reliance Cement Company. Birla Corporation acquired the company in 2016.
Ghanaian pozzolan cement plant lobbies for funding to reopen
29 September 2021Ghana: Daniel Asenso-Gyembibi, the director of the Building and Road Research Institute of the Council for Scientific and Industrial Research (CSIR-BRRI), has told parliamentarians that the institute’s Pozzolana cement plant needs US$4m to reopen. The unit at Gomoa Mprumem in the Central Region was forced to close due to a lack of private investment, according to the Ghanaian Times newspaper. Asenso-Gyembibi said that CSIR-BRRI had spent around US$250,000m on the project.
Commercial production started at the plant in 2011 with a capacity of around 5000bags/day. However, the unit stopped operation later in the same year due to poor sales and a lack of investment.
Cementos Cosmos to upgrade Ourense grinding plant with new compressor
28 September 2021Spain: Cementos Cosmos plans to install a new screw compressor in the cement discharge system at its Ourense grinding plant in Galicia. The producer says that the new equipment will improve the energy efficiency of the process of discharging cement from railway tanks to storage silos. The cost of the work is Euro23,500, towards which Cementos Cosmos has received a Euro8140 grant from the European Reagional Development Fund (ERDF) under its A New Way to Build Europe programme.
Korcem to establish 1.5Mt/yr Korday cement plant in Zhambyl
27 September 2021Kazakhstan: Korcem, a joint venture of International Cement Korday and Nurzhan Shakirov, plans to invest US$150m in the upcoming 1.5Mt/yr Korday cement plant in Zhambyl region. The company has a mining licence for 11ha of land in Korday district. International Cement Korday, a subsidiary of Singapore-based International Cement Group, holds 88% of shares in the venture. The plant is scheduled for commissioning in mid-2023.
Chair Ma Zhaoyang said “With our accumulated capabilities and experience in the cement industry in Central Asia, as well as Nurzhan Shakirov’s extensive local expertise in Kazakhstan, we are confident that this joint venture will be another success.”
LafargeHolcim Maroc to launch Agadir-Souss cement plant before 2022
24 September 2021Morocco: LafargeHolcim Maroc says that it is on schedule to commission its new 1.6Mt/yr Agadir-Souss cement plant in Souss-Massa region before 2022. The Ajourd’hui le Maroc newspaper has reported that the plant will rely on artificial intelligence (AI) in its cement production process. The total cost of the project is US$335m. The producer says that, when operational, the plant will create 1400 jobs.
Raysut Cement to launch Duqm grinding plant in late 2021
24 September 2021Oman: Raysut Cement has said that it will commission its upcoming 1Mt/yr Duqm plant, the country’s first clinker grinding plant, in late 2021. The cost of the project is US$30m. The company’s global capacity target is 10Mt/yr by 2022 and 22Mt/yr ‘in the near future.’ It operates the 3Mt/yr Salalah cement plant in Oman and holds minority stakes in three East African grinding plants.
Support services and business development chief Yousef Ahmed Alawi Alibrahim said “This has been a challenging year for manufacturing industries in general, but RCC has been able to negotiate the hurdles with effective planning focusing on health and safety.”
HeidelbergCement to launch new carbon capture and storage project at Górazdze cement plant
17 September 2021Poland: Germany-based HeidelbergCement has partnered with Norway-based Sintef Energi install a pilot carbon capture and storage (CCS) system at its Górazdze cement plant. The company will deploy new enzyme-based CCS technology, which it says allows greater use of the waste heat and simplifies the control of secondary emissions. The project, known as Project ACCSess, has received Euro15m-worth of funding from the EU’s Horizon 2020 industrial emissions reduction programme. 18 industry partners and research organisations will collaborate towards the deployment of the technology at the plant. The consortium will store captured CO2 in storage fields in the Nordic countries. The project is due to conclude in April 2025. The total cost of the work is Euro18m.
HeidelbergCement chair Dominik von Achten said “The tests of an enzyme-based capture unit at our Górazdze plant in Poland will deliver important insights into how we can further reduce costs in the capture process.” He added “At the same time, it will emphasise our strategy to expand CCS further into our Eastern Europe-based assets.”
Cemex Latam Holdings to expand Guatemala City grinding plant
16 September 2021Guatemala: Cemex Latam Holdings plans to invest US$25m in installing a new mill at its 500,000t/yr Guatemala City grinding plant. The company says that the mill will increase the plant’s capacity by 80% to 900,000t/yr.
Cemex South America, Central America and Caribbean president Jesus Gonzalez said "This investment reinforces Cemex's commitment to Guatemala's development and reflects our confidence in the favourable outlook of the economy in the country and the region." Gonzalez added “We are excited about expanding our offer of products and solutions to the market which contribute to sustainable construction, like Vertua, our family of net-zero and low carbon products."