Cement News tagged under: Anhui Conch

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Conch sees China demand rising, Indonesian plans proceeding ‘smoothly’

07 March 2012, Published under Cement News

Chairman of Anhui Conch, Guo Wensan, has said that Chinese cement demand growing despite curbs on the housing market. Speaking to Dow Jones Chinese Financial Wire on the sidelines of the National People’s Congress, Mr Wensan said the government's drive to push the construction of subsidised affordable housing is successfully offsetting declining cement demand from the private housing market. Cement demand from the 10 million affordable housing units started last year will peak from the s...

Indonesia to invest US$6.3bn in new capacity projects

24 February 2012, Published under Cement News

Indonesian cement producers plan to invest IDR57trn (US$6.3bn) to raise domestic production, chairman of the Indonesian Cement Association (ASI) said. The Investor Daily reports the investment is expected to produce an additional 30Mta of cement and could advance total cement production to 90Mta in 2017. Capacity currently stands at 52Mta. “With a population of 240 million and cement prices that continue to go up, it makes Indonesia an attractive market for [investors],” said Urip Timu...