Cement News tagged under: consolidation
A new round of Russian consolidation12 November 2021, Published under Cement NewsThe RUB161m acquisition of Eurocement's assets by the Mikhailovsky Combine of Building Materials ( Smikom group) in June 2021 has sent the Russian cement market into a new consolidation phase. Russian billionaire Lev Kvetnoy, who owns OOO Gazmetallproekt, the second-biggest Russian cement player, is now closing in on the acquisition of two former Inteko plants. The Trust Bank put the two cement plants up for open auction on 18 October 2021. Applications will be accepted up to 8 Decembe... |
Southeast Asia: tough times – consolidation ahead?17 June 2019, Published under Cement NewsAs Western giants are exiting the southeast Asian cement market, a new wave of consolidation, this time by local companies, is taking place. By Manas Tamotia, LEK Consulting, Singapore China’s Sinoma International Engineering Co Ltd is adding 10,000tpd of cement capacity to PT Cemindo Gemilang’s production base at the Bayah plant in Banten province, Indonesia As inflexible Western giants continue to withdraw from their positions in southeast Asia, the region’s cement market i... |
Vietnam's cement exports rise 4% in 5M1912 June 2019, Published under Cement NewsVietnam exported 13.82Mt of cement worth US$589.95m in the 5M19, an increase of four per cent YoY in volume and 23.2 per cent in value, according to the General Department of Vietnam Customs. The country’s cement exports are expected to hit a target of 25Mt in 2019. Elsewhere, Nguyen Van Cung, chairman of Vietnam Cement Association (VNCA), has stated that the country’s domestic industry requires the participation of large players and firms to help lower production costs, raise labour produc... |
India: marking time28 November 2016, Published under Cement NewsWhile the monsoon has been kind to India this summer and is likely to help a recovery in cement demand next year, India’s cement producers are still marking time as they wait for more sustained, double-digit growth reminiscent of better times in the past. Eyes, and hopes, are set on FY17-18. As the Indian private sector has not yet accelerated its spending all eyes are on the government to support the cement industry with an increased public spending programme Despite being o... |
China National Building Materials (CNBM)19 October 2016, Published under Cement NewsCNBM’s recent merger with China National Materials Group Corp is creating China’s largest building materials company with total assets of more than US$82bn.The merger is part of the wider trend of cement producer consolidation currently taking place in China. The China Cement Association (CCA) prepares to tackle overcapacity through consolidation. The CCA has announced that by 2020 more than 60 per cent of the China’s cement production capacity will be controlled by the top 10 compani... |
China Cement Association urges consolidation28 September 2016, Published under Cement NewsThe China Cement Association has petitioned policymakers to speed up consolidation in the cement sector, which currently has 3500 producers. The consolidation aims to concentrate at least 60 per cent of national capacity into 10 top producers by 2020. According to proposals by the association, the process is likely to involve many mergers and plant closures, reports the South China Post. To achieve a basic balance between demand and supply, the sector will need to reduce production capaci... |
China National Building Materials (CNBM)22 July 2016, Published under Cement NewsAll eyes will be back on China National Building Materials (CNBM) as the country announces the latest deal in its drive to consolidate its cement sector. Beijing-based cement producer and building materials supplier, Beijing Building Materials Group (BBMG) Corporation is planning to sell stakes in 31 cement-related units to Jidong Cement. The deal is reported to be worth US$2.3bn. As part of the company restructuring following the transaction, Tangshan Jidong Cement will become a unit of BBM... |
Nigeria's long-term viability23 December 2015, Published under Cement NewsDespite short-term macroeconomic challenges, Nigeria’s demand for cement is expected to expand significantly in the longer term. Investments in infrastructure, population growth and private-sector led initiatives are all expected to drive growth going forward, spurring domestic producers to invest heavily in new cement production capacity. By Damilola Lawal, CardinalStone Partners Ltd, Nigeria. Dangote Cement plant, Obajana, Kogi state, Nigeria Nigeria has undergone a dramatic r... |
Siam Cement to consolidate cement and building materials businesses29 March 2013, Published under Cement NewsSiam Cement Group (SCG) is consolidating its cement and building materials businesses to strengthen its competitiveness for further regional expansion. "There is strong synergy among the cement, building materials and distribution businesses, which are related to the construction industry," said Kan Trakulhoon, SCG president and, said in a filing to the Stock Exchange of Thailand. The company aims to increase its Asean sales from 18 per cent of the total and has budgeted THB40-50bn f... |
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