Cement News tagged under: international
Rwanda: rail and energy projects to boost cement demand23 May 2016, Published under Cement NewsThe Rwandan government’s announcement of two major infrastructure projects is set to be a boon for the country’s cement producers, the Mail and Guardian Africa reports. The KivuWatt gas-water extraction project will take gas from Lake Kivu to generate 100MW of electricity by 2019, while the Dar es Salaam-Isaka-Kigali/Keza-Musongati (DIKKM) standard-gauge railway will link Rwanda with ports in neighbouring Tanzania. Busi Legodi, CEO of PPC Rwanda, has welcomed the new initiatives, notin... |
Iraq promises to remove Iran import ban23 May 2016, Published under Cement NewsIraq has promised to remove the ban placed on Iranian cement imports, according to Adolreza Sheikhan, secretary of Iran's Cement Industry Employers Association. Following meetings between Iranian and Iraqi officials, Baghdad promised to give priority to Iranian exports once the general ban on cement import is removed, Mr Sheikhan said. Iran's cement and clinker exports witnessed a 20 per cent fall in the last fiscal year (ended 20 March), now standing at 15Mt. |
Philippines 1Q16 cement sales up 13%20 May 2016, Published under Cement NewsPhilippines cement sales increased by 12.8 per cent YoY in the first quarter of 2016, according to Ernesto Ordoñez, President of the Cement Manufacturers' Association of the Philippines (CeMAP). Volumes rose from 5.7Mt in 1Q15 to 6.43Mt. "Demand will continue to be strong, especially with presumptive President Duterte saying that infrastructure will remain a high priority during his administration," said Mr Ordoñez. For this year, the Aquino administration has allotted an infrastructure... |
Bangladesh: FDI from Netherlands20 May 2016, Published under Cement NewsBangladesh’s cement sector attracted foreign direct investment (FDI) of US$31.3m in 2015, according to a Bangladesh Central Bank report. This figure is up 41.5 per cent from that of 2014. The report showed that last year around half of the FDI in the cement sector came from The Netherlands, with investments also coming from Germany, Hong Kong, Switzerland, among others. According to a local research firm, the country’s cement production reached approximately 30Mt in 2015, against a demand ... |
India: Positive outlook for growth, but challenges remain20 May 2016, Published under Cement NewsCement consumption in India doubled between 2005 and 2015, but still lags behind China’s at a comparable stage of development. In 2001, the World Bank calculations put China’s GDP per capita at US$1212 in inflation-adjusted terms. Using the same methodology, India’s current GDP per capita is slightly higher than China’s was then: in 2014, India’s GDP per capita reached US$1234. Do these figures suggest that India is a decade or so away from exercising the same sort of economic muscle that... |
58th IEEE-IAS/PCA meeting sets US scene18 May 2016, Published under Cement NewsThe 58th IEEE-IAS/PCA Cement Industry Technical Conference started its first full day of tutorial presentations on Tuesday at the Gaylord Texas Resort Centre, Grapevine, USA. The event attracted more than 950 delegates from 29 countries with a supporting international exhibition of 176 booths. Scott Nielson, conference committee chair, underlined the importance of the cement industry in Texas that produces 15Mta of cement making up 13 per cent of all US cement production – more cement than ... |
Pakistan prepares for positive future18 May 2016, Published under Cement NewsThe outlook for the Pakistan cement industry is positive with expansion expected over the next few years. Key reasons include improved sector fundamentals backed by higher demand, cost efficiencies driven by lower international coal prices and captive power generation reducing energy costs, capacity expansions and low to minimal risk of cement price destabilisation. As a result, cement demand is forecast to grow at least eight per cent over the next five years (FY16-21) on the back of an ave... |
Indonesia: cement sales to April up 4.2% YoY18 May 2016, Published under Cement NewsCement sales in Indonesia reached 19.3Mt in the four months from January to April 2016, reports Indonesia Investments. This represents a 4.2 per cent increase on the same period in 2015. Rising supply from new entrants to the market has driven most of the consumption growth. Of the three biggest incumbents – Semen Indonesia, Indocement Tunggal Prakarsa and Holcim Indonesia – only the first saw YoY volume sales rise in April 2016 while both Indocement and Holcim reported double digit decli... |
Peru: cement market expands 1.8% YoY in April17 May 2016, Published under Cement NewsPeru’s cement demand increased 1.8 per cent YoY in April to 781,000t, according to the country’s cement association, Asocem. This reversed the previous month’s fall of 1.4 per cent. Cement output in April expanded by 7.5 per cent YoY to 831,000t. Some 29,000t of this volume was exported, reflecting an eight per cent decrease when compared with April 2015. In addition, 23,000t of clinker was exported – some 17 per cent below the April 2015 level. |
Armenia: Hrazdan exempt from fines17 May 2016, Published under Cement NewsThe Armenian government has been successful in pushing through a bill exempting Hrazdan cement plant from fines, accumulated by its failure to pay taxes and other mandatory payments. Artsvik Minasyan, economy minister, argued that the bill would both create a competitive field and have a positive impact on economic activity in the region. He said the reactivation of the idle plant will save approximately 500 jobs. The total debt of the Hrazdan cement plant is estimated at AMD935m (US$1.9... |