Displaying items by tag: Plant
ASEC Cement starts cement production at 2Mt/yr Minya plant
11 September 2013Egypt: ASEC Minya, formally Arab National Cement Company, has begun cement production at its 2Mt/yr cement plant in Minya, Egypt. The ASEC Cement subsidiary has been producing clinker at the site since May 2013.
"We are extremely proud to have been able to see this project through to completion despite the challenging operational environment," said ASEC Cement CEO Giorgio Bodo. "The launch of cement production, which marks the official completion of this project, is a clear reflection of our confidence in the Egyptian economy and our belief in the country's ability to recover from the current volatility."
Bodo cited security issues, fuel scarcity and general 'instability' as causing major setbacks that the cement producer had to overcome. Construction of the plant originally began in December 2010 but work was interrupted by the Egyptian Revolution in January 2011.
ASEC Minya will be connected to the Egyptian national electric grid via a 42km transmission line to be completed by the end of 2014. Until then the plant will use rented generators. The new cement plant has created 400 direct and 800 indirect jobs.
Mika Cement to re-start production in September 2013
11 September 2013Armenia: The Mika Cement plant, which has been idle since September 2012, is due to start up production on 10 September 2013 according to the plant's director Naira Martirosyan.
In an interview with Armenian news agency Arminfo, Martirosyan revealed that rises in power costs on 7 July 2013 may lead to increased cement prices. As a result of energy price rise, overall production costs have risen by 20 – 25%.
Originally built in 1970, the cement plant was privatised in 2001. Holding two production lines the plant has a cement production capacity of 1.2Mt/yr. The plant employs 450 workers when operational.
DG Khan Cement profit rises by 35% to US$52.5m
11 September 2013Pakistan: DG Khan Cement has reported that its profit after taxation rose by 35% year-in-year to US$52.5m for the 2012 – 2013 financial year that ended on 30 June 2013. In the same period in the 2011 – 2012 year it reported a profit of US$39.2m. No reason for the increase in profit was given in the notice sent to the Karachi Stock Exchange. The cement producer also saw its sales rise by 9% to US$238m from US$219m.
In its release DG Khan revealed that its board has approved plans to build a green-field 2.6Mt/yr cement plant on land the company owns at Hub, Lasbela District. Meanwhile, plans to build a cement plant in Mozambique have been dropped due to a lack of supporting infrastructure.
Dangote planning US$400m cement plant in Kenya
09 September 2013Kenya: Dangote Cement has released plans to build a US$400m cement plant in Kenya, according to the president's office of Kenya. Dangote's CEO Alhaji Aliko Dangote was part of a three-day state visit by Nigerian president Goodluck Jonathan to the east African country to build bilateral trade agreements. No further information on timescales or production capacity was released.
ASEC Cement wins Muthanna contract
09 September 2013Iraq: ASEC Cement and Iraq's Qemmet El-Iraq have won a 14-year contract to renovate and manage the Muthanna Cement Plant in Muthanna Province, Iraq.
Abulla Hussein of Qemmet El-Iraq and ASEC Cement Chairman and CEO Giorgio Bodo attended a signing ceremony in Baghdad with Southern Cement, the state holding company that controls Muthanna Cement, on 28 August 2013. The value of the contract was not released.
"Iraq has embarked on a robust plan to rebuild and modernise its infrastructure and has launched major housing, industrial, and community projects. The rehabilitation of Muthanna is an important part of Iraq's investment in bridging the supply gap, particularly in the south," said Bodo.
Muthanna Cement is located in southern Iraq, between Najaf and Basra. Built in the 1980s, the plant has a total clinker production capacity of 1.92Mt/yr and 2Mt/yr of cement. Due to economic sanctions placed on Iraq in the 1990s, the company's current production capacity is around 20%. Work on the plant will start in the second quarter of 2014 with a plan to reach the plant's original cement production capacity of 2Mt/yr in August 2016.
Carthage Cement to restart production at 2.2Mt/yr plant
09 September 2013Tunisia: Carthage Cement, the cement plant confiscated after the 2010 – 2011 Tunisian Revolution, has restarted its precalciner kiln ahead of a resumption of production. According to its Director General Riadh Ben Khalifa, the cement plant plans to sell at least 2.2Mt/yr.
ACC to set up 1.5Mt/yr grinding plant in Kharagpur
04 September 2013India: ACC will set up a 1.5Mt/yr cement grinding plant in Kharagpur in West Midnapore district, its Chief Executive (East) Vivek Chawla has announced. Building of the US$88.4m project is planned to start by January 2014.
"The company will invest US$88.4m for setting up the 1.5Mt/yr factory at Kharagpur," said Chawla.
Siam Cement Group spends US$386m on first cement plant in Myanmar
04 September 2013Myanmar: Siam Cement Group (SCG) has announced that it will build a 1.8Mt/yr greenfield cement plant costing US$386m in Mawlamyine, Myanmar. The plant will include a 40MW captive power plant, a 9MW waste heat recovery system, supporting port facilities and other infrastructures for future expansion.
"The Myanmar cement market is estimated at approximately 4Mt in the 2012 financial year and is forecasted to grow at 10%/yr over the next five years," said president and CEO of SCG, Kan Trakulhoon.
Built under Myanmar's Foreign Investment Law, the cement plant is expected to start in mid-2016.
Siam City Cement cancels US$150m cement plant in Cambodia
04 September 2013Cambodia: Siam City Cement (SCCC) has cancelled a US$150m cement plant project in Cambodia due to political uncertainty, according to the Bangkok Post. The Thai cement producer is considering building a cement plant in Myanmar instead.
Philippe Arto, managing director of SCCC, said that the board has decided to 'put on the shelf' the plan to build a 1Mt/yr cement plant in Cambodia after finishing a feasibility study. SCCC, which is 27.5% owned by Holcim, signed a memorandum of agreement with Cambodia's Chip Mong Group for the study in late 2010. Under the previous plan, construction of the Cambodian cement plant was due to start around the end of 2013 and take two years to complete.
SCCC is looking at the possibility of pushing forward a cement project in Myanmar, where the market is sizeable and the economy is growing substantially. SCCC has placed no timeline for its Myanmar project.
Kesoram setting up new grinding plant
27 August 2013India: Kesoram Industries, a BK Birla Group company, has committed US$38.7m towards setting up a grinding unit at Sholapur, Maharashtra.
The first phase of the new 1.5Mt/yr grinding unit would be completed in the next 20 months, according to Kesoram's CEO Arvind Kumar Singh. When completed, the plant will be its first standalone grinding unit outside its main production bases in Karnataka and Andhra Pradesh.