Displaying items by tag: Investment

UK: Cimpor is expanding into the UK following a change in ownership in 2024 and new capital investment. Cimpor registered Cimpor UK Limited in April 2024 with an office in Cheadle and has invested €20-25m in a terminal at the port of Bristol. It plans to expand its product range in the UK in the coming years.

Cimpor Global chief technology officer Berkan Fidan said “With the ports and terminals we own and operate, we leverage our export globally, strengthening our supply chain and continuing to explore new market opportunities.”

India: JK Lakshmi Cement (JKLC) has signed a memorandum of understanding with the Assam government at the Advantage Assam 2.0 Investment and Infrastructure Summit.

JKLC will invest US$1.2bn over the next seven to eight years to build a greenfield cement plant.

India: Ambuja Cements will invest US$286m in two cement carriers and eight clinker carriers. The company expects to finalise a shipbuilding contract within 15 days, with Cochin Shipyard and Swan Defence and Heavy Industries under consideration.

Each 38,500t Handymax cement carrier will cost US$45.8m, while each 9200t clinker carrier will cost US$22.9m. The clinker carriers will have a 30m beam, 4m draft and 150m length, increasing cargo capacity from the traditional 3000t to 9200t per trip.

India: Mahabal Cement has signed a memorandum of understanding (MoU) for a US$1.26bn investment at the Advantage Assam summit.

The investment will have several phases. The first phase will be the construction of an integrated cement plant in Assam's Dima Hasao district, followed by a ready-mix concrete plant, which will produce autoclaved aerated concrete blocks. More than 3000 jobs will reportedly be created through the investment.

India: Dalmia Bharat, through its subsidiaries, has announced a US$400m investment to expand its cement capacity in Maharashtra and Karnataka. The company will build a 3.6Mt/yr clinker unit and a 3Mt/yr grinding unit at its Belgaum plant in Karnataka, alongside a new 3Mt/yr greenfield grinding plant in Pune, Maharashtra. The expansion will be funded through debt and internal accruals. It is expected to increase Dalmia Bharat's total installed capacity to 55.5Mt/yr, including an ongoing 2.9Mt expansion in Assam and Bihar. The new units are scheduled for commissioning by the fourth quarter of the 2027 financial year.

CEO Puneet Dalmia said "This investment is a significant step in our Phase II expansion strategy, bringing us closer to strengthening our position as a pan-India player and reaching our goal of 75Mt/yr capacity by the 2028 financial year. The increase in our production capacity is primarily to meet the growing infrastructure demand in western India."

India: Dalmia Cement (Bharat) plans to expand its cement plant in Mylavaram, Andhra Pradesh. The producer will invest US$321m to to more than double the plant’s clinker capacity from 4.6Mt/yr to 12.6Mt/yr, its cement grinding capacity from 2.6Mt/yr to 7.6Mt/yr and its waste heat recovery capacity from 12MW to 28MW.

The Andhra Pradesh Pollution Control Board will hold a public hearing on 27 March 2025 over the plans, the New Indian Express newspaper has reported. Local residents have raised allegedly ‘unaddressed’ issues, including disruptions to watercourses, increased dust pollution and possible structural damage from increased blasting.

India: The Adani Group has launched new investment plans in the states of Assam and Madhya Pradesh, including in their cement sectors. Chair Gautam Adani says that the group will invest US$5.73bn in Assam and US$12.6bn in Madhya Pradesh. The Business Standard newspaper has reported that the latter investment will generate over 100,000 new jobs and involve the construction of a new smart city.

India: Adani Group will invest US$3bn in Kerala over the next five years. The group will reportedly develop a logistics and e-commerce hub in Kochi and expand its cement capacity in the city.

The producer has already invested US$577m in developing the Vizhinjam port, and according to Adani Ports managing director Karan Adani, the company is investing an additional US$2.3bn.

Ethiopia: Dangote Cement will invest US$400m to restart the second production line at its Mugher cement plant, doubling the capacity to 5Mt/yr. The plant became operational in 2015, but has since faced challenges, including recurrent violence in the region, according to Bloomberg.

Aliko Dangote said that the expansion project is expected to be operational ‘within the next 30 months’.

India: Shree Cement has signed a memorandum of understanding with the government of Karnataka to invest nearly US$1bn in cement manufacturing facilities over the next five years. The producer will build a cement plant in the city of Kalaburagi, with 3.5Mt/yr of clinker capacity and 3Mt/yr of cement capacity, for US$288m. The plant will create 300 jobs and start production in 2025.

Shree Cement will build a second plant nearby, in the Kalaburagi district. The plant will have a clinker capacity of 3.5Mt/yr and an eventual cement capacity of 6Mt/yr, to be commissioned in two phases. It will create 750 jobs and cost US$575m. Commissioning is scheduled for 2030.

The last project planned is for a clinker grinding plant in the district of Bangalore Rural, with a capacity of 3Mt/yr and a cost of US$98m. The facility will create 250 jobs and begin production in 2028.

Shree Cement has stated that it is ‘committed to sustainable development’ and will ‘incorporate advanced technologies to ensure environmentally friendly operations.’