Cement News tagged under: international
Vietnam sees output rise 16% in Jan-Apr 201629 April 2016, Published under Cement NewsVietnam cement producers have produced 24.4Mt of cement in Jan-Apr 2016, up 15.8 per cent YoY, according to estimates from the government-run General Statistics Office. In April 2016 output is expected to have risen 12.5 per cent when compared to April 2015, said the organisation in a report. It also revised upwards 1Q16 production from an earlier estimate of 11Mt to 17.3Mt. The country faces a supply glut but despite continuing economic setbacks, the Ministry of Construction forecasts... |
Growing pains: southeast Asia's looming overcapacity29 April 2016, Published under Cement NewsPositioned between the two most populous nations on Earth, the emerging economies of southeast Asia have ridden the wave of economic growth in the early years of the century. Between 2000 and 2014 the 10 ASEAN countries saw their collective real GDP grow at 5.7 per cent annually and look set to continue this trend over the next five years. Cement demand has kept up with this brisk pace of expansion and – according to figures from Morgan Stanley – will continue to do so, growing at 5.2 per ce... |
Siam Cement has plans to fully enter Vietnamese market28 April 2016, Published under Cement NewsIndustrial conglomerate Siam Cement Group is looking at operating its first cement plant in Vietnam as the next step in the company's expansion abroad, claims Nikkei Asian Review. President and CEO, Roongrote Rangsiyopash, told reporters in Bangkok on Wednesday that a joint venture or merger with an existing plant would be the best way to enter the Vietnamese market because of the country's current excess capacity. The Vietnamese market is attaractive to Siam Cement because public and... |
Caribbean Cement 1Q16 revenue up but exports down 53%28 April 2016, Published under Cement NewsCaribbean Cement Limited (CCL) reported that, on the back of an increase in domestic sales, 1Q16 total revenue increased by 11 per cent or US$398m to US$3.98bn over the previous year, when they reached US$3.58bn. However, in the 1Q16 the company also noted declines in exported cement and clinker sales volumes of 53 per cent and 56 per cent respectively, said the Jamaican Observer. In March CCL introduced a 1.5 per cent discount on all cash purchases, adding to a 0.5 per cent discount t... |
Sri Lanka: Kankasanthurai Cement Factory to reopen28 April 2016, Published under Cement NewsThe Kankasanthurai Cement Factory (KCF) in Sri Lanka is to be reopened following its closure some years back due to unrest in the north of the country. Previously, UAE-based Ras Al Khaimah Cement Co expressed interest in reviving the Kankesanthurai Cement Factory with a US$100m investment. In 2011-12 a high-level decision was taken to amalgamate Sri Lanka Cement Corporation (SLCC) with Lanka Cement Ltd (LCL). Both companies planned to resume bagging operations at Kankesanthuraid. Minist... |
India: government approval for new UltraTech plants at Nawalgarh and Jaitaran28 April 2016, Published under Cement NewsThe Jaipur government cleared the construction of a new 3.3Mta cement unit at Nawalgarh (Jhunjhnu) by UltraTech Cement Ltd. "Investment of worth INR3000 crore [INR30bn/US$451m] will be made and around 1000 people will get direct and indirect employment in this project. It will also set up new cement unit of 2.2Mta capacity and captive power plant at Jaitaran (Pali). The company will invest INR2100 crore and around 750 people to get direct and indirect employment," said the minister. |
Fitch lowers Indonesia cement consumption expectations27 April 2016, Published under Cement NewsIndonesian cement producers are on track to achieve the lower-end of the Indonesian Cement Association's (ASI) 4-5 per cent annual growth target, with Fitch Ratings expecting a boost in demand during 2H16 due to new construction projects and more favourable economic conditions. Domestic cement demand rose 4.3 per cent YoY in 1Q16 to 14.4Mt, according to ASI's latest cement consumption data. This followed a modest increase of only 0.9 per cent YoY in 2015. However, Fitch said the quart... |
New projects push Indonesia towards overcapacity27 April 2016, Published under Cement NewsIndonesia's dynamic market has attracted both foreign and local cement companies to invest in new cement plants, intensifying competition for existing producers and tipping the industry towards oversupply. Four new entrants - including companies from Taiwan, India and two local firms - plan to build new factories in Indonesia with a combined capacity of 12.1Mta, according to a report in the Jakarta Globe. The total investment is estimated at between US$1.3bn and US$3bn over the next few ye... |
US cement shipments up 26% YoY in February26 April 2016, Published under Cement NewsPreliminary data from the US Geological Survey shows that Portland and blended cement shipments in February 2016 amounted to 6.0Mt, including 630,000t of imports. These figures are both up on February 2015, with overall shipments being 26 per cent higher and imports 29 per cent higher. Shipment volumes for February 2016 were well above the 4.5Mt average over the previous five years (2011-15), being 34 per cent higher. Clinker production was 5.1Mt, 13 per cent higher than in February 2015.... |
Russia: Ninth PetroCem conference gets underway26 April 2016, Published under Cement NewsThe ninth PetroCem Conference and Exhibition opened its doors on Monday when Russia's cement industry and more than 500 international delegates met for discussions in St Petersburg for the first of a two-day meeting. Journal Cement editor and conference organiser, Mila German opened proceedings and was pleased to see how the event had grown since the first PertoCem conference in 2000. While the Russian cement sector is facing somewhat of a crisis, Mila German said, "the cement sector i... |