Cement News tagged under: Myanmar
Myanmar: Run Myaing Galay cement plant opposed14 October 2016, Published under Cement NewsLocal residents and community leaders met with local press at Zayat Phyu village on 8 October to protest against the proposed cool power plant to supply electricity for the No 2 Myaing Galay cement plant near Hpa-an, Myanmar. The Myaing Galay Cement Plants are owned by the Myanmar Economic Corporation (MEC), which is a major conglomerate and holding company operated by the Burmese military under the Defense Ministry. The Ministry of Energy and the cement plant informed villagers in mid-S... |
Myanmar: Mon State Government cautious on new projects15 September 2016, Published under Cement NewsSince the National League for Democracy-led government in Myanmar took office over five months ago, the government has not permitted any new business investment projects in Mon State, according to Mon State Government, claims Mon News Agnecy. So far, during the new government’s term, over 100 companies, including social development groups, financial loan companies and foreign investors, have met with the Mon State Government. The June Cement Industry Ltd is the last company that receive... |
Myanmar: protestors vow to continue fight against MCL09 August 2016, Published under Cement NewsLocal protestors in Kyaikmaraw in southeast Myanmar have reacted angrily to the publication of a report into the building a new coal-fired cement plant, Burma News International reports. The report, which follows a consultation on the building of the plant, was seen as being biased towards the Mawlamyine Cement project. The US$400m plant, which is being built as a joint venture between SCG and Pacific Link Cement, is to come online in mid-2016 and will have a capacity of around 1.6Mta.... |
SE Asia towards oversupply?20 June 2016, Published under Cement NewsThe southeast Asian cement market has seen rapid demand growth in recent years. Backed by favourable macroeconomic trends, it is likely to remain one of the fastest-growing cement markets. Many cement producers, both local and international, performed very well in this region and are keen to expand their existing capacity, while for others entering these enticing markets has become a priority. By The Jakarta Advisory Group, Indonesia. Fast-growing southeast Asian markets are attractin... |
SCG forecasts regional capacity will hit 292Mta by 201820 April 2016, Published under Cement NewsIn a presentation to investors earlier this month, Siam Cement Group (SCG) disclosed that it expects capacity in Thailand and nearby markets will reach 292Mta in two years' time, up from 251Mta in 2015. Production capacity is set to expand in Thailand, Indonesia, Vietnam, Myanmar, Cambodia and Laos. This comes against a backdrop of existing overcapacity – in 2015 domestic consumption in the six countries was 168Mt, implying a utilisation rate of 67 per cent. Demand growth in Thailand a... |
Myanmar: revived factory plans draw protesters30 March 2016, Published under Cement NewsHundreds of locals in the Karen State capital Hpa-an gathered on Tuesday to voice objections to a recently-revived proposal there to develop a limestone quarry and cement factory, which was put on hold two years ago pending public consultation. Protestors demanded a scrapping of the project, slated to produce 5000tpd of cement in Mi Karen village, part of Hpa-an Township. Residents from dozens of villages fear the cement project, near Kawt Phyan Mountain, will have negative environmental a... |
Anhui Conch26 January 2016, Published under Cement NewsWith cement demand shrinking in its home market, Anhui Conch is ramping up its business overseas. In January-September 2015, China reported a five per cent YoY fall in cement production thanks to its cooling economy and slowing infrastructure investment at home. With its domestic market also suffering from chronic oversupply, Anhui has its eyes firmly set on the Southeast Asia market. April this year will mark the opening of four plants by Anhui in Indonesia with a total production capac... |
Myanmar: Arr Thit Man plans to double capacity16 September 2015, Published under Cement NewsMyanmar producer Arr Thit Man plans to double its cement output from 5000tpd to 10,000tpd by 2016, according to a report in the Myanmar Times citing senior officials. The company's plant is based in Kyaukse, Mandalay and it sells cement under the Double Rhinos brand. "We are a new brand, but we are focused on the quality of cement and fulfilling market demand," said the company's managing director. For the time being, Arr Thit Man plans to focus on meeting growing domestic demand rather t... |
Upbeat outlook for Siam Cement PLC25 February 2015, Published under Cement NewsKasikorn Securities (Thailand) has reinitiated coverage of Thai conglomerate Siam Cement PLC with an 'Outperform' rating due to renewed optimism in domestic cement consumption and further improvement in its chemical business' profitability. The research house says the Thai cement industry is expected to resume its organic growth at about 6-7 per cent in 2015. “We believe that the industry has already passed the bottom with the government’s planned investment in major infrastructure projec... |
Anhui Conch Cement Co03 February 2015, Published under Cement NewsShares in Anhui Conch Cement soared late last month following the announcement of a restructuring plan. Under the plan, the 51 per cent equity in Conch Holdings currently held by Anhui Investment will be directly transferred to Conch Cement and Conch Profiles, thereby simplifying the organisational structure. The remainder of the asset will reportedly be combined into China Conch Venture through its wholly owned subsidiary. Anhui Conch has also placed an order with Claudius Peters from an... |