China: Tangshan Jidong Cement has announced plans to issue a tranche of bonds with a total value of not more than US$155m. Reuters News has reported that the issuance is the second by the company.
NCL Industries increases second-quarter cement production in 2022 financial year
India: NCL Industries recorded a 10% year-on-year rise in cement production to 677,000Mt in the second quarter of the 2022 financial year from 615,000t in the second quarter of the 2021 financial year. Its cement dispatches also increased by 10% to 678,000t from 617,000t. The company's cement board production during the quarter was 19,200t, while its cement board dispatches were 18,800t.
Wärtsilä to host Capital Markets Day event on 18 November 2021
Finland: Wärtsilä has announced that its upcoming Capital Markets Day event will take place at 1pm – 4.30pm, Eastern European Time (EET), on 18 November 2021. The supplier says that attendees will be able to follow proceedings via a webcast. President and CEO Håkan Agnevall together will host the event, during which members of the board of management will provide information on the company's business operations, strategy, and financial development.
Registration is open until 11 November 2021 and may be accessed here.
Oman Cement Company announces investment in Rusayl cement plant’s new line
Oman: Oman Cement Company will spend US$300m on the new 10,000t/day Line 4 as part of the upcoming upgrade and expansion of its Rusayl cement plant in Muscat governorate. The Oman Observer newspaper has reported that Switzerland-based PEG Resources will carry out the work. Oman Cement Company CEO Salem bin Abdullah al Hajri said that the new line will help Oman to achieve cement self-sufficiency by 2024.
The company said “The new 10,000t/day production line will be the largest in Oman and will have more cost-effective production, for the company to sustain its success and competitiveness in the local and international cement markets in a long run.” It added “The company will focus on utilising state-of-the-art production technology resulting in lower power consumption, potential for waste heat recovery (WHR), higher fuel efficiency, realisable use of alternative fuels (AF), improved productivity and the best environmental standards.”
Oman Cement Company is also expanding the Rusayl plant’s Line 3 by 25% to 5000t/day from 4000t/day, prior to decommissioning its other two lines.
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