For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser.
Save to read list Published by Sol Klappholz , Editorial Assistant World Cement, Friday, 05 August 2022 12:20
GCC, a leading producer of cement and concrete in the United States and Mexico, announced that it will execute a capacity expansion at the plant located in Odessa, Texas. The project will increase annual cement production capacity by over one million metric tons and lower the plant’s greenhouse gas intensity by 13%.
GCC will execute the project at the Odessa plant since the market is developing faster in the U.S. and represents large freight savings, compared to the plant located in Chihuahua, Mexico. This expansion will optimise the cost structure and GCC’s cement network by relocating cement shipped today to this region from Samalayuca, Chihuahua and Pueblo plants to other markets the Company serves with optimised freight cost. In addition, the capacity expansion will allow GCC to prepare and participate in the upcoming growth associated with the Infrastructure Investment and Jobs Act.
For the past year, GCC has been assessing the West Texas cement market to define the optimised scope of equipment and technology, as well as working with original equipment manufacturers and construction suppliers. Furthermore, the Company has been negotiating with vendors and progressing on the project. Due to the current market conditions, supply chain constrains, inflation and the project scope, GCC will invest US$750 million, and the capacity will come online by mid-2025.
Enrique Escalante, GCC’s Chief Executive Officer, mentioned “We remain strongly committed to delivering strong stakeholder value, while investing in the future growth of our business.
"With the expansion of the Odessa plant we will ensure GCC is prepared for a new phase of the industry cycle.”
The project will be funded with internal cash flow and has a double-digit investment return, representing strong value creation compared to the much lower weighted average cost of capital (WACC).
Read the article online at: https://www.worldcement.com/the-americas/05082022/gcc-announces-odessa-tx-cement-plant-expansion/
Luis Filipe von Rainer Fabiani and Tiago Guelfi de Freitas, Dynamis, highlight the features of a new Fluidised Hot Gas Generator, recently installed at Votorantim Cimentos’ Pecém plant.
Embed article link: (copy the HTML code below):
This article has been tagged under the following:
This content is available to registered readers of our magazine only. Please sign in or register for free.
Register for free » Get started now for absolutely FREE, no credit card required.
Already a member? Sign in here
Join us on 9th November for WCT2022 - the international virtual conference that focuses on innovation in cement production.
Copyright © 2022 Palladian Publications Ltd. All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@worldcement.com