Displaying items by tag: Capacity

India: Birla Corporation plans to invest a total of US$1bn in realising its planned 50% cement capacity footprint expansion to 30Mt/yr by 2030. The producer is considering establishing 4Mt/yr-worth of new cement plants, possibly in the form of a new 4Mt/yr integrated cement plant in Chhattisgarh. It would also carry out 4Mt/yr-worth of upgrades and 2Mt/yr-worth of debottlenecking work.

The producer expects its newly commissioned Mukutban cement plant to contribute 600,000 - 700,000t of cement production during the remaining five months of the 2023 financial year, rising to 3Mt/yr by 2024.

During the 2022 financial year, Birla Corporation increased its cement sales volumes by 6% to 14Mt. The company said that it achieved 95% capacity utilisation throughout the year. It noted continuing cost pressures and slow demand growth so far in the 2023 financial year.

Chair Harsh Vardhan Lodha said "Things may not look up immediately, but post-Diwali we are hopeful of a robust turnaround."

Cameroon: The Minister of Trade, Luc-Magloire Mbarga Atangana, has announced cuts to the price cement. He attributed this to a substantial increase in the production capacity of Mira SA’s plant to 1.5Mt/yr from 0.5Mt/yr, according to the Cameroon Tribune newspaper. Prices of some products have reportedly fallen by up to 12%.

India: The board of directors of UltraTech Cement has approved the addition of an extra 22.6Mt/yr-worth of cement production capacity across the company's footprint. The new additions will span all of India and consists of both new plant builds and expansions. New capacity will commence production in a phased manner from mid-2024. UltraTech Cement expects to invest US$1.61bn in the growth phase.

Chair Kumar Mangalam Birla said "The Aditya Birla Group’s pace of activity, range of businesses and depth of global presence provide a useful compass to navigate this age of disruption. Against the backdrop of our long history as a group, dynamism leaps out as a common theme. Over the years, we have witnessed multiple business cycles. Across businesses and markets, our evolution is a story of continuous renewal and regeneration, as we aggressively invest in growth and create long-term value for all stakeholders."

Brazil: The Administrative Court of the Brazilian Administrative Council of Economic Defence (CADE) has approved Companhia Siderúrgica Nacional subsidiary CSN Cimentos’ acquisition of LafargeHolcim Brasil, ‘without restrictions.’ The acquisition more than doubles CSN Cimentos’ capacity to 16.3Mt/yr, giving it the largest market share, ahead of InterCement Brasil.

Vietnam: Xuan Tanh Cement plans to commission its upcoming 4.5Mt/yr Ha Nam cement plant in October 2022. Viêt Nam News has reported that the new plant will bring Ha Nam province’s cement capacity to 10Mt/yr.

Vietnam consumed approximately 63.5Mt of cement in 2021.

India: Dalmia Bharat sold 6.2Mt of cement in the first quarter of its 2023 financial year, up by 27% year-on-year from 4.9Mt in the first quarter of its 2022 financial year. Its sales revenues also rose by 27%, to US$417m from US$327m. The growth failed to translate into increased profitability, however, with the company recording a profit after tax of US$25.9m, down by 27% from US$35.3m.

Dalmia Cement (Bharat) Managing Director and CEO Mahendra Singhi said “I am pleased with our performance this quarter. Our sustained efforts on operational efficiencies and cost rationalisation have enabled us to mitigate the adverse impact of inflation and deliver our lowest total cost of production. Our capacity expansion projects are on track, and we have added 2Mt/yr of clinker capacity and 1.1Mt/yr of cement capacity, which takes our cement capacity to 37Mt/yr. We remain firm on our Carbon Negative Roadmap, and during the quarter have installed 41.4MW of renewable energy infrastructure.”

Kenya: East Africa Portland Cement began work to replace a 16.5m-length of kiln shell at its Athi River cement plant at the end of July 2022. The producer says that the project will increase the kiln line’s capacity by 1400t/day.

Managing director Oliver Kirubai said "Due to the high costs of energy and an old clinker line, the board has prioritised efficiency and reliability of our integrated plant operations to drive cost optimisation.”

India: Adani Group has secured US$5.25bn-worth of bank loans from Barclays, BNP Paribas and Citigroup for its acquisition of Holcim’s Indian cement businesses ACC and Ambuja Cements. The Business Standard newspaper has reported that the group plans to expand its cement capacity by 43% to 100Mt/yr from 70Mt/yr.

Vietnam: Taiwan-based Chinfon Cement has received clearance to expand its installed cement capacity to 4.2Mt/yr, according to the Viet Nam News newspaper. Chinfon Cement operates an integrated cement plant in Trang Kenh and a grinding plant in Hiep Phuoc.

India: UltraTech Cement plans to increase its installed cement production capacity to 154Mt/yr by the beginning of the 2026 financial year on 1 April 2025. The increase represents a composite annual growth rate of 10% from 115Mt/yr at the start of the 2023 financial year. The Economic Times newspaper has reported that the producer plans to carry out the expansion in two phases.

Indian domestic cement consumption is forecast to continue growing by 5% year-on-year over a five-year period to July 2027.