Green light factories

Published 21 January 2014

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.

Vicat Sagar opened its Gulbarga cement plant in January. The facility is to serve the markets

of Maharashtra, North Andhra Pradesh and North Karnataka, India

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.

To continue reading this story and get access to all News, Articles and Video sections of the website, please Register for a subscription to International Cement Review or Login