Cement News tagged under: Capacity

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Brazil: still on the expansion trail

26 August 2014, Published under Cement News

Brazil’s cement producers continue to expand their capacity as they prepare for anticipated market growth. The first five months of 2014 have seen demand slowly climb 2.8 per cent to 28.8Mt, a trend that is hopefully set to continue. Infrastructure projects, fuelled by mega sporting events, and investments to alleviate the country’s considerable housing shortage, bode well for future cement demand. In the short-term, however, pressure to meet construction deadlines on major projects and the ...

Algeria to become net exporter?

06 August 2014, Published under Cement News

Algeria's cement imports have increased by 30 per cent to US$283.9m in 1H14, according to the country's Customs Office. In terms of volumes, imports reached 3.086Mt in the six first months of 2014, up 26.6 per cent when compared with 2.438Mt in 1H13, said the National Information and Statistics Office. However, Algeria's current cement shortage could be reversed in the next few years as several new plants enter service. The most recent project, funded by the National Investment Coun...

Rep Congo: Sonocc threatens to cease Brazzaville supply

22 July 2014, Published under Cement News

Société Nouvelle des Ciments du Congo (Sonocc) has threatened to stop the flow of product to Brazzaville, Republic of Congo, after the government proposed a decrease in the cement price following the increase of VAT and transportation costs. "All these charges considered, we operate at a loss if we continue to transport cement to Brazzaville because we also have to rent rail cars. We have decided to no longer transport cement by train until the problem is solved, said Sonocc CEO, Wei Xinb...

Venezuela signs cement plant agreement with China

22 July 2014, Published under Cement News

Venezuela and China signed a framework agreement for the installation of a new cement plant in the state of Lara, Venezuela, which is expected the basis for the installation of a further works. This will increase cement production to 1.2Mta.

A bumpy recovery

02 July 2014, Published under Cement News

While Central America offers a healthy potential for infrastructure development and housing construction, limited economic growth and investment are expected to hinder a corresponding rise in cement demand going forward. In addition, the rapid build-up of capacity has resulted in lower utilisation rates across the region. By Rob Roy, ROI Economic Consulting, USA. Panama (pictured) is the fastest-growing cement market in Central America, followed by Guatemala Central America has ...

Set for rationalisation?

18 June 2014, Published under Cement News

With the construction sector predicted to grow by just 1.1 per cent in 2014, there is little for South Korea’s cement producers to look forward to. As the focus turns to overseas markets, cement exports are on the up, but how long can this strategy sustain the country’s cement overcapacity crisis? South Korea’s cement producers will need to find a long-term solution to their overcapacity woes as the domestic market has reached saturation point and export growth is unsustainable ...

Pakistan cement industry trebles FDI

07 May 2014, Published under Cement News

The Pakistan cement sector has received foreign direct investment (FDI) to the tune of US$21.5m from July 2013-March 2014, more than trebling the US$6.3m received during the comparative period the previous year, according to the State Bank of Pakistan. In March alone, FDI into the cement industry reached US$2.2m. While investment fell from US$102.5m in FY08 to US$32.6m one year later, in FY11 it recovered, rising to US$65.2m. However, in FY12, the industry did not receive any FDI. The ...

Venezuela cement capacity set to increase

07 April 2014, Published under Cement News

With a total capacity of 9.09Mta and 20 production lines, Venezuela’s cement industry is stable, according to the country’s Minister for Industry, José David Cabello. He also explained that three new cement production lines with a combined capacity of 3.2Mta are under construction. "The projection is to increase the production capacity in the country to an extra 3.65Mta in the coming years," he said. Venezuela’s government plans to invest US$850m to increase domestic production.

India: adjusting to new times

07 April 2014, Published under Cement News

The latest financial updates from some of India’s leading cement producers suggest that the long-awaited revival in higher consumption trends is still some way off. The industry remains weighted under slowing demand growth, concerns over capacity utilisation rates and downward pricing pressures. Sector specialists are now calling for stimulus measures to help draw the market out of its current slowdown and help absorb current capacity and expected new volumes. India’s general election...

China: consolidating supply

17 March 2014, Published under Cement News

China’s cement industry growth is likely to moderate as pressure on local government finances drives a shift away from investment-led growth. Meanwhile, the cement industry faces stricter environmental controls, inefficient capacity elimination and restrictions on new projects. Against this backdrop, consolidation of supply is likely to accelerate. By Ben Hartwright, Standard Chartered Bank, Hong Kong. The 15th China International Cement Industry Exhibition is being held 28-30 April 2...