Displaying items by tag: Investment

Spain: Cementos Cosmos plans to install a new screw compressor in the cement discharge system at its Ourense grinding plant in Galicia. The producer says that the new equipment will improve the energy efficiency of the process of discharging cement from railway tanks to storage silos. The cost of the work is Euro23,500, towards which Cementos Cosmos has received a Euro8140 grant from the European Reagional Development Fund (ERDF) under its A New Way to Build Europe programme.

Kazakhstan: Korcem, a joint venture of International Cement Korday and Nurzhan Shakirov, plans to invest US$150m in the upcoming 1.5Mt/yr Korday cement plant in Zhambyl region. The company has a mining licence for 11ha of land in Korday district. International Cement Korday, a subsidiary of Singapore-based International Cement Group, holds 88% of shares in the venture. The plant is scheduled for commissioning in mid-2023.

Chair Ma Zhaoyang said “With our accumulated capabilities and experience in the cement industry in Central Asia, as well as Nurzhan Shakirov’s extensive local expertise in Kazakhstan, we are confident that this joint venture will be another success.”

Morocco: LafargeHolcim Maroc says that it is on schedule to commission its new 1.6Mt/yr Agadir-Souss cement plant in Souss-Massa region before 2022. The Ajourd’hui le Maroc newspaper has reported that the plant will rely on artificial intelligence (AI) in its cement production process. The total cost of the project is US$335m. The producer says that, when operational, the plant will create 1400 jobs.

Oman: Raysut Cement has said that it will commission its upcoming 1Mt/yr Duqm plant, the country’s first clinker grinding plant, in late 2021. The cost of the project is US$30m. The company’s global capacity target is 10Mt/yr by 2022 and 22Mt/yr ‘in the near future.’ It operates the 3Mt/yr Salalah cement plant in Oman and holds minority stakes in three East African grinding plants.

Support services and business development chief Yousef Ahmed Alawi Alibrahim said “This has been a challenging year for manufacturing industries in general, but RCC has been able to negotiate the hurdles with effective planning focusing on health and safety.”

Poland: Germany-based HeidelbergCement has partnered with Norway-based Sintef Energi install a pilot carbon capture and storage (CCS) system at its Górazdze cement plant. The company will deploy new enzyme-based CCS technology, which it says allows greater use of the waste heat and simplifies the control of secondary emissions. The project, known as Project ACCSess, has received Euro15m-worth of funding from the EU’s Horizon 2020 industrial emissions reduction programme. 18 industry partners and research organisations will collaborate towards the deployment of the technology at the plant. The consortium will store captured CO₂ in storage fields in the Nordic countries. The project is due to conclude in April 2025. The total cost of the work is Euro18m.

HeidelbergCement chair Dominik von Achten said “The tests of an enzyme-based capture unit at our Górazdze plant in Poland will deliver important insights into how we can further reduce costs in the capture process.” He added “At the same time, it will emphasise our strategy to expand CCS further into our Eastern Europe-based assets.”

Guatemala: Cemex Latam Holdings plans to invest US$25m in installing a new mill at its 500,000t/yr Guatemala City grinding plant. The company says that the mill will increase the plant’s capacity by 80% to 900,000t/yr.

Cemex South America, Central America and Caribbean president Jesus Gonzalez said "This investment reinforces Cemex's commitment to Guatemala's development and reflects our confidence in the favourable outlook of the economy in the country and the region." Gonzalez added “We are excited about expanding our offer of products and solutions to the market which contribute to sustainable construction, like Vertua, our family of net-zero and low carbon products."

India: Shree Cement has given details of its US$67.8m solar power plant project plans. Projects Tiger News has reported that the producer intends to install 106MW-worth of solar power capacity across several Indian cement plants before October 2022. The company expressed its commitment to reducing its carbon footprint and fossil fuel dependence.

Austria: Baumit has invested Euro5.6m in a new waste heat recovery (WHR) system at its Wopfing cement plant in Lower Austria. The producer claims that the installation will enable it to make energy savings of almost 20GWh/yr, corresponding to the energy consumption of 1000 households.

Commercial director Georg Bursik said “We have been using the waste heat for drying systems in the plant for decades. Thanks to this investment, the use of waste heat can be further increased – saving 4000t/yr of CO₂.

Uzbekistan: The Minister of Investments and Foreign Trade (MIFT) says that an unnamed Singapore-based company is considering building an integrated cement plant in the country. The Uzbekistan National News Agency reports that investors from Singapore attended a meeting with Aziz Voitov, the First Deputy Minister of MIFT, and Adham Ikramov, the chairman of the Chamber of Commerce and Industry.

India: Ramco Cements plans to invest US$80.8m in future upgrades to its cement plants before 30 March 2022. In the first quarter of the 2022 financial year, which begun on 1 April 2021, the company invested US$53.9m in upgrades. The Hindustan Times newspaper has reported that realisation of its spending plan would bring the producer’s total upgrade investments for the 2022 financial year to US$135m.