Displaying items by tag: Expansion

India: Kanodia Cement plans to launch an initial public offering to raise approximately US$95m, with a draft red herring prospectus expected to be filed with market regulator SEBI by the end of December 2024. The company currently has a production capacity of 5Mt/yr, with plants in Uttar Pradesh and Bihar. CEO Gautam Kanodia said that the company has plans to expand its cement capacity to 10Mt/yr.

Iraq: Eggersmann Anlagenbau has expanded its refuse-derived fuel (RDF) production facility in Sulaymaniyah, operated by Ecocem Environmental Solution, part of the Faruk Investment Group. The expansion includes a new Eggersmann TEUTON ZS 55 single shaft shredder and four additional lanes for biological drying using the CONVAERO system. This system is integral to the Eggersmann RDF process, which converts municipal solid ‘waste’ into high calorific value RDF used by the regional cement producers Gasin Cement Company and Bazian Cement Company. The facility, which has a capacity of 1100t/day of RDF, will see an increase with the expansion. The Eggersmann FUEL process utilises biowaste in RDF production, improving both the quantity and quality of the fuel through biological drying in the CONVAERO system, relying on the natural warmth of the composting process. This method reduces methane emissions at landfill sites by integrating biomass into the fuel, according to the company.

Business development manager at Eggersmann, Eugen Becker, said "A particularly high quality substitute fuel is being produced with the Eggersmann FUEL process in Sulaymaniyah, whose net calorific value can be precisely tailored to the customer’s needs over the adjusting of the drying period. This quality makes a noticeable economic difference."

India: UltraTech Cement has commissioned an additional 1.2Mt/yr of grinding capacity at its Arakkonam unit in Tamil Nadu. This expansion is part of a broader 22.6Mt/yr capacity increase announced back in June 2022. With this latest addition, UltraTech Cement's total cement capacity now stands at 156Mt/yr.

Saudi Arabia: Eastern Province Cement Company has secured US$226m through a credit facilities agreement with Saudi National Bank. Arab News Releases has reported that Eastern Province Cement Company will use the funds for an upcoming new 10,000t/day line at its Al Khursaniyah cement plant in Eastern Province.

The on-going construction of the Al Khursaniyah cement plant’s new line has a budget of US$271m and was first announced on 7 January 2024.

India: JSW Cement has commissioned another 2Mt/yr of grinding capacity at its Vijayanagar plant in Karnataka, increasing the plant's total capacity to 6Mt/yr. The expansion, which cost US$55m, increases the company's overall capacity to over 20Mt/yr.  JSW Cement was set to raise US$476m through an initial public offering (IPO), but the Securities and Exchange Board of India has placed the IPO plans ‘in abeyance’ as of September 2024, according to the Economic Times. Funds from the IPO were earmarked for debt repayment and financing a new unit in Nagaur, Rajasthan.

Chief executive officer Nilesh Narwekar said "This new capacity at Vijayanagar is a significant step towards increasing our overall capacity to 40.8Mt/yr while maintaining our commitment to sustainability."

Colombia: Ultracem's general manager, Julián Vásquez, has announced plans to establish a clinker kiln in the municipality of Galapa with an investment of US$100m. This new facility aims to eliminate the need to import clinker, which is currently sourced from Turkey, Vietnam, and Spain. The kiln is expected to be operational within two years.

Vásquez said "This will give us competitive advantages and will involve increasing the workforce from the 1200 direct and indirect jobs we generate today by 20%."

Belgium: Heidelberg Materials Lixhe (formerly CBR) has applied to expand the Romont quarry towards Kanne, ensuring the Lixhe plant's operations for the next 20 years with an additional 94.75 hectares. This expansion marks the third and final phase, intending to continue marl extraction on Walloon territory. A public inquiry is scheduled from 16 September - 30 October 2024.

Director Benoit Gastout said "Based on a recent environmental impact report, we are now requesting the partial revision of the regional plan and an environmental permit for the desired extension. We are very aware of the impact of the quarry on the region. That is why we have been taking various measures for years to ensure that Romont is embedded in the landscape as well as possible and that the fauna and flora are respected because of the rich biodiversity. The priority in all of this remains that we want to live in harmony with the local population.”

US: The Continental Cement Davenport plant in Buffalo, Iowa, has celebrated the expansion of its facility, which now enables the reuse of post-consumer materials. This initiative will substitute approximately 50,000t/yr of fossil fuels with discarded materials that would otherwise be incinerated or sent to landfill.

India: RHI Magnesita India plans to invest approximately €442m to expand and upgrade its production capacity by the end of the financial year 2025, according to The Hindu newspaper. This follows a €331m investment over the past two years, which increased the company's refractory production capacity in India to over 0.5Mt/yr.

India: Indian cement manufacturers plan to invest approximately US$14.3bn over the next four years to increase capacity by 25%, adding 160-170Mt/yr of cement production, reports the Times of Oman newspaper. This expansion is reportedly driven by rising domestic demand and a significant infrastructure push by the government, with plans to invest US$1.7tn in infrastructure projects by 2030. The industry aims to fund this growth primarily through internal accruals, reducing reliance on debt. The top three producers —Ultratech, Ambuja, and Shree Cement — will reportedly contribute over 70% of the total capacity increase.