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Mozambique: Ambrian has announced that its Beira cement plant in Mozambique was completed this week, but that delays and cost overruns mean that the plant will cost an extra US$3m. The delays, which were due to issues with contractors, the availability of qualified staff and regulatory response times, increased the plant cost from US$42.5m to US$45.5m. Testing of the electricity substation will now start at the site and a timetable will be agreed to connect the substation to the main grid, which is expected to happen in early August 2015.
Greece: Titan Cement has posted a 26% year-on-year rise in its net profit to Euro17.6m for the first half of 2015, helped by a strong performance in the US. Its sales increased by 25.8% to Euro389m, boosted by higher demand for building materials and a stronger Dollar in the US, according to Reuters.
Holcim New Zealand develops Waitemata Port 31 July 2015
New Zealand: Holcim New Zealand is building a new cement silo at the Waitemata Port. Cement ships will relocate from Onehunga to the new site, which is expected to be completed in the middle of 2016, according to the Manukau Courier. A Holcim spokesperson said that the Onehunga Port will continue to be used as a bagging plant and the silos will remain operational.
Uganda: Tororo Cement Limited has invested US$25 - 30m towards the expansion of its cement plant, taking its capacity from the current 1.8Mt/yr to 3Mt/yr to meet regional demand.
Brij Mohan Gragrani, Tororo Cement executive director, said that the company would construct a new grinding mill, cement storage silos, rotary packers, clinker feeding system and clinker sheds. "The expansion is proposed in view of market demand in Uganda and neighbouring countries," said Mohan Gragrani.
Semen Indonesia’s first half profit falls to US$163m 31 July 2015
Indonesia: PT Semen Indonesia has posted a sharp drop in net profit to US$163m for the first half of 2015, according to Reuters. In the corresponding period of 2014, its net profit was US$207m.