Displaying items by tag: Expansion

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.

France: Despite a 12% year-on-year increase in consolidated sales to Euro1.75bn from Euro1.56bn, Vicat recorded a net income drop of 17% to Euro77.8m from Euro93.5m in the first half of 2022. The group attributed the decline to increased global energy costs and to non-recurring industrial costs in France, India and the US. These costs included investments in exceptional maintenance at its Montalieu cement plant in France and a debottlenecking capacity expansion at its Kalburgi, India, cement plant. Geopolitical events also impacted the profitability of the producer’s business in Mali. Group cement sales rose by 17% year-on-year to Euro1.1bn.

Chair and chief executive officer Guy Sidos said “The basis for comparison in the first six months of 2022 was unfavourably high given the sales and profitability levels achieved in the same period of the previous year.”

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.

Philippines: Cemex subsidiary Solid Cement is installing a new US$356m, 1.5Mt/yr line at its Antipolo cement plant. When operational in April 2024, the line will increase the plant’s capacity by 79% to 3.4Mt/yr. Over the first four months of the project since March 2022, Solid Cement invested US$197m in silos and mechanical installation. The new 1.5Mt/yr line will use Low Temperature Clinker technology to reduce its CO₂ emissions, and will also recycle waste hot gases for raw materials drying.

Solid Cement is building the plant using 6000t of its own Vertua reduced-CO2 cement, which it says will further reduce its net carbon footprint by 564t.

Philippines president and CEO Luis Franco said “We will maintain our active role in supporting the development of this nation, as we have done in the past 25 years.”

US: Vicat subsidiary National Cement Company of Alabama inaugurated its new US$300m production line at its Ragland cement plant on 21 July 2022. Local press has reported that the line includes a new rotary kiln, equipped for alternative fuel (AF) use.

President Spencer Weitman said “This puts us into the next 40 or 50 years. And it’s prolonged the life of the plant to move us forward into the next entry hopefully.”

India: Kesoram Industries has announced plans to raise its installed cement production capacity to 15Mt/yr. The expansion constitutes an increase of 36% from its presently installed 11Mt/yr-worth of capacity.

India: Shree Digvijay Cement plans to more than double the capacity of its Digvijaygram cement plant in Gujarat’s Jamnagar District to 3Mt/yr from 1.2Mt/yr. Projects Today News has reported that the project will begin by mid-2023, and will also include the establishment of a waste heat recovery (WHR) plant.

Russia: Local Press has reported that Altai Cement plans to start up Kiln 2 at its Altai cement plant. When operational, the kiln will double the plant’s capacity to 2400t/day.

India: UltraTech Cement plans to invest US$1.67bn to expand its cement production capacity to 160Mt/yr. This corresponds to a capacity cost of US$76m/Mt/yr. The Business Standard newspaper has reported that the investment is part of parent company Aditya Birla’s planned US$9.91bn spending package to expand existing capacities and enter new sectors, including paints, via its subsidiary Grasim Industries. The investments will affect both its Indian operations and those overseas.

India: UltraTech Cement has successfully commissioned a second clinker line with a capacity of 2.7Mt/yr at its Hirmi cement plant in Chhattisgarh. The company says that it is on track to also commission a new 1.3Mt/yr grinding unit at the plant in mid-2022.