- Write by:
-
Sunday, January 26, 2020 - 3:32:30 PM
-
965 Visit
-
Print
Mining News Pro - Having announced that it will not participate in bidding for Emami Cement, Shree Cement has announced a planned increase to its production capacity of at least 13.1Mt/yr to 55.0Mt/yr or more by 28 February 2023 from 41.9Mt/yr.
According to Mining News Pro - It would do this through as yet undisclosed upgrades worth a total of US$1.26bn. The Business Standard newspaper has suggested that the measure is aimed at taking on UltraTech, the expected winner in the auction for Emami Cement’s 5.6Mt/yr-capacity installed assets (under expansion to 8.7Mt/yr).
A source of additional capital for Shree Cement’s planned expansion will be a qualified institutional placement (QIP) through which it has raised US$337m. The company acknowledged that it might reach its target through acquisitions from other producers, for which it would not exceed US$80/t of capacity.
Short Link:
https://www.miningnews.ir/En/News/478205
Mining News Pro - Researchers at the University of Delaware are exploring ways to use clay-like topsoil materials from ...
Mining News Pro - Kenyan cement companies have stepped up expansion plans with an eye on the estimated 10 million metric ...
Mining News Pro - RHI Magnesita, a global supplier of high-grade refractory products, systems and solutions, has ...
Mining News Pro - Construction and infrastructure professionals are confident that the UK can deliver the Prime ...
Mining News Pro - Cemex France has inaugurated a multi-service green building materials outlet and recycling centre at ...
Mining News Pro - The Global Cement and Concrete Association (GCCA) has launched Concrete Action for Climate (CAC) in ...
Mining News Pro - Lehigh Hanson (HeidelbergCement group) is taking the next step in its joint carbon capture and storage ...
Mining News Pro - Cimento Tupi has filed for so-called preventative bankruptcy to deal with its US$627m total debts, ...
Mining News Pro - In mid-2020 Cementownia Warta ordered an Aumund arched plate conveyor type BPB-SF in heavy-duty ...
No comments have been posted yet ...