Green light factories
The global cement market remains subdued with China moving away from a cyclical peak and India’s fall-off in new capacity additions. Nevertheless, Africa, Russia and the CIS countries are all seeing significant capacity expansion levels. In spite of the slowdown in consumption in Brazil recently, activity levels across Latin America reflect a wider optimism.
While China remains the largest single cement market with a 59 per cent share of global production, the government’s state council said last October that it will block domestic approvals for new cement plants. This has increased pressure on equipment suppliers to seek new projects outside China.
The big winners have been Sinoma (China National Materials Co Ltd) with an overseas order intake of CNY14.81bn (US$2.43bn) in the 1H13, a YoY rise of 106.48 per cent.