Cement News tagged under: Capacity
Tunisia: poised for growth22 November 2024, Published under Cement NewsTunisia’s cement market has fallen to the lowest level in over two decades, while the industry’s overcapacity is now idling at 50 per cent, supported by significant exports to Libya and Europe. The recent arrival of Chinese cement producers provides a glimmer of hope as infrastructure projects are expected to pick up pace. By Peter Bell, ICR Research, UK Chronic overcapacity of cement in Tunisia has seen producers struggle to make profits in recent years (© Les Ciments Artificie... |
Holcim Romania expands Campulung plant10 October 2023, Published under Cement NewsHolcim (Romania) SA is investing over EUR25m to expand its cement plant in Campulung by 20 per cent. The investment will not only address the need for cement by the Romanian construction market, it will also help improve the plant’s sustainability by streamlining its logistics and reducing CO 2 emissions from the long-distance transportation of cement materials, according to Holcim. Holcim runs three facilities in Romania, located in Campulung, Alesd and Turda . |
Construction of Lebap expansion completed24 August 2023, Published under Cement NewsThe construction of the second phase of Turkmen Cement 's Lebap cement plant in Koytendag, Turkmenistan, has been completed, reports Trend News Agency. The 1Mta expansion was carried out by Turkmen Enjam. The modernisation project began in the summer of 2020 following authorisation by the Ministry of Industry and Construction. The plant’s commissioning is planned for the end of September 2023. |
Taiheiyo to build new terminal in Philippines22 August 2023, Published under Cement NewsJapan-based Taiheiyo Cement Corp (TCC) will build a new cement terminal in Calaca, Batangas, Philippines, to enable the company to serve the Luzon market from its pant in San Fernando, Cebu. Taiheiyo Cement Philippines Inc (TCPI) will build and operate the planned hub to distribute its Grand-branded cement products, according to TCC President and Representative Director, Masafumi Fushihara. The 0.7Mta project is the next step in serving a market that TCPI has estimated to have increase... |
Cement companies post a rise in pre-tax profit but face challenges08 June 2023, Published under Cement NewsIn 9MFY22-23, 12 out of the 16 cement manufacturers at the Pakistan Stock Exchange (PSX) reported impressive before-tax earnings. Despite a drop of 18 per cent in total offtake (sales volumes), revenue growth was 26 per cent higher YoY. The local media research team suggests that cement prices have more than compensated for the demand slowdown in the construction industry, leading to strong returns for cement companies. With only a few weeks until the fiscal year ends, if the current tra... |
Maple Leaf Cement becomes Pakistan's fourth largest producer13 March 2023, Published under Cement NewsMaple Leaf Cement Factory Ltd ( Kohinoor Textile Mills Ltd group ) has become the fourth-largest grey cement producer in Pakistan after its capacity now stands at 7.9Mta after the completion of its Iskanderabad plant expansion last November. The company’s domestic share in grey cement stands at 10 per cent and white cement at 90 per cent. White cement achieves good prices compared to grey cement due to a higher cost of 1.5 per cent over grey cement, positively impacting the company’s ma... |
Egypt: glimmer of hope27 June 2022, Published under Cement NewsPlagued by oversupply, soaring energy prices and a lack of competitiveness overseas, 2021 was a challenging year for the Egyptian cement sector. However, following government intervention, there is a light at the end of the tunnel as cement prices begin to rise, post-pandemic demand picks up, and balance sheets return to better health. By ICR Research, UK. Egypt’s capital, Cairo, is expected to see its 22m population double by 2050 and the government is investing US$40bn in a New A... |
Uncertain times04 January 2022, Published under Cement NewsICR reflects on the rollercoaster of 2020 and 2021 in terms of COVID-19 and its impact on global cement production, consumption and trade. It also looks ahead to 2022 and beyond as cement manufacturers juggle ongoing disruption from the pandemic, environmental commitments and escalating costs. Figure 1: global spread of COVID-19, December 2019-13 March 2020 As of 22 November 2021, the WHO has reported over 256m confirmed cases of COVID-19 and just over 5.14m deaths in the world.... |
Minister urges reopening of the Adilabad cement plant04 January 2022, Published under Cement NewsIndustries and IT Minister, KT Rama Rao, has requested the central government to reopen the Cement Corp of India (CCI)’s plant in Adilabad. In letters to Union Finance Minister, Nirmala Sitharaman, and Union Heavy Industries Minister, Mahendra Nath Pandey, Mr Rama Rao said that the unit had the necessary infrastructure and limestone reserves to produce 48Mta of cement. In addition, it had an assured 2kVA power supply system and water availability to meet its production needs. In terms ... |
Nigeria’s hamstrung potential20 December 2021, Published under Cement NewsRapid cement capacity build-up over the last two decades and further new additions on the way mean that by next year, Nigeria will have the second-largest installed capacity in Africa. However, while the country’s long-term demand outlook is immense, EFG Hermes explains why massive potential is currently being hamstrung by a sluggish domestic economic outlook. By Moses Waireri Njuguna, EFG Hermes, Kenya. Capacity increase in Nigeria is a means for some players to position themselves f... |