Cement News tagged: International
India: My Home Industries set for 10Mta capcity
With its 1.5Mta Tuticorin plant, Tamil Nadu, expected to be commissioned in January 2017, My Home Industries is set to see its production capacity increase to 10Mta. Speaking of its ambitions in the sector, J Rameswar Rao, chairman of My Home Industries, said, “We want to go in for acquisitions in north, central and western India to further increase the capacities.” My Home Industries be...
Colombia: consumption falls 20% YoY in July
Colombia saw its cement market contract by 19.7 per cent YoY in July to 924,900t, according to the latest figures by Dane, the country’s statistics office. A round 68.2 per cent of this total was delivered as bagged cement and 31.8 per cent in bulk. Nearly 75 per cent of bulk cement was supplied to ready-mix companies and a further 17 per cent to construction companies and contractors. ...
Vietnam: cement output up 15.2% YoY
Vietnam is estimated to have produced 50.6Mt of cement in the first eight months of 2016, a 15.2 per cent increase from the same period last year, according the the government-run General Statistics Office. Cement output in August is expected to climb 13.1 per cent to 6.5Mt compared to August 2015. Following China, India, Iran and the US, Vietnam is the fifth-largest cement producer in the ...
Nigeria: cement prices in Lagos rise by over a third
The price of bagged cement in Lagos has risen sharply overnight, according to reports in The Nation. A 50kg bag now retails for between NGN2200 and NGN2300 (US$7-7.30), a rise of around 40 per cent on previous prices. Kunle Awobodu, vice-president of the Nigeria Institute of Building (NIOB), said: “Clients, contractors and quantity surveyors may have disagreements due to price variations. N...
Lafarge Iraq signs transportation deal
Lafarge Iraq have signed an agreement with Iraq’s General Company for Land Transportation (GCLT), which is owned by Iraq’s Ministry for Transport, for the transportation of its cement products. The Lafarge deal is the largest in history for GCLT according to an Iraq Business News report. The contract will run for one year, but has the possibility of a five-year extension. Lafarge Iraq op...
Indonesian cement exports expected to grow 50%
Indonesia's cement and clinker exports are forecast to reach 1.5Mt in 2016, a 50 per cent increase when compared with the export volume of the previous year. In the seven months to July, exports had already noted a 63 per cent YoY increase. Indonesia exported 833,000t of cement and clinker in January-July, according to the Indonesia Cement Association (ASI). Around 509,000t of this was clin...
Northern India prices rebound as demand strengthens
Cement prices in northern India have risen by around 25 per cent YoY in the period April-July 2016, driven by rising demand, according to the Economic Times. This performance stands in contrast to other regions, where prices have either remained stable or fallen slightly. In the north, prices stood at INR305-345/bag (US$4.55-5.14), up on the same period last year and also higher than the IN...
Philippines: 1H16 sales rise 10.7%
Philippine cement manufacturers reported a 10.7 per cent increase in sales to 13.2Mt for the first six months of the year. This increase has been supported by government rises in infrastructure spending and the private sector engaging more heavily in construction activities. President of the Cement Manufacturers Association of the Philippines (CEMAP), Ernesto Ordoñez, revealed that the grow...
Chinese firm invests in Zimbabwe
Mortal Investments Manufacturing Co announced that it is constructing a 1Mta plant in Redcliff, Zimbabwe. The arrival of the Chinese firm in the country is expected to intensify competition in the market that has been dominated by Lafarge and PPC. Mortal Investments is the second producer to invest in the region, following the lead of Sino-Zimbabwe Cement. This is positive news for locals, ...
Bangladesh: river vessel worker strike affects imports
The import of clinker in Bangladesh has been affected as a result of the indefinite nationwide strike by Bangladesh River Vessel Workers' Federation (BRVWF), who demand a fixed minimum wage, improved compensation in case of accidental death and improved security. Five vessels carrying around 200,000t of clinker and a ship loaded with limestone have been waiting at outer anchorage of Chitta...
Tajikistan: Chzhungtsai Mohir Cement plant opened
The Chzungtsai Mohir Cement cement plant has been officially opened by Emomali Rahmon, the President of Tajikistan, Asia Plus reports. The 1.2Mta plant is the second to be built in Yovon district, situated about 30km southeast of the capital, Dushanbe. Due to foreign investment into plants such as these, Tajikistan has gone from being a net importer to exporting cement. In the six months...
Tanzania: cement producers optimistic for future
In the face of overcapacity and cheap imports in the local market, cement producers in Tanzania remain optimistic about future prospects, which seem more positive in light of a continuing construction boom. Tanzania has an installed production capacity of 8.3Mta and a current demand of only 4.3Mta, but major infrastructure projects are expected to drive business and boost growth. Local prod...
Indonesia: July cement demand up slightly, stronger growth anticipated
According to figures released by the Indonesian Cement Association (ASI), cement demand in July was up slightly YoY, despite falling by 29 per cent compared to June, Indonesian Investments reports. Taken as a whole, the first seven months of 2016 have seen consumption rise by four per cent above the same period in 2015. However, demand remains below that recorded in 2014. The industry’s ...
India: Assam property developers concerned over cement price rise
The Assam Real Estate and Infrastructure Developers Association (Areida) has said that a proposed rise in cement prices is “unreasonable”, the Times of India reports. Following intervention by Assam’s Chief Minister, Sarbanada Sonowal, the cement companies elected not to go through with the price increase. Despite this, Areida has said that it will still approach the Competition Commission ...
JK Cement: white cement demand growing?
According to JK White Cement executives, white cement has witnessed an increase in demand over the past few years. In a statement the company said, "In the modern construction world, the demand and requirements for aesthetics undergo rampant changes. And to accommodate them, we at JK White Cement have always provided with products that best fit to these ever changing demands.” An increased ...
China: CNBM Group can begin acquisition of Sinoma
China National Building Materials Group Corp (CNBM) has begun preparations to acquire China National Materials Corp (Sinoma), after an agreement between the two companies was approved by the government, the country's state assets regulator said. President Xi Jinping is determined to restructure the state sector to creating globally-competitive multinationals in a process of mergers, asset swa...