Cement News tagged under: Capacity

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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...

Oman's vision for growth

05 February 2014, Published under Cement News

Oman is currently experiencing a growth spurt, which has been reflected in rising cement demand as public spending on infrastructure and real estate climbs steadily. Domestic producers are beginning to satisfy the market through increases in capacity and the prospects for the industry going forward are very encouraging. By Vijay Sridharan, Gulf Baader Capital Markets, Oman. The Sultanate of Oman is becoming an increasingly popular tourist destination, providing evidence of growth i...

GCC: long-term focus

03 February 2014, Published under Cement News

Global Investment House (GIH) anticipates that cement demand growth in the Gulf Cooperation Council (GCC) region will advance from 4-5 per cent growth in 2013 to 6-7 per cent this year. Investment in new capacity is strong and confidence is returning to markets. So who will be the winners among the cement producers? By Hettish Karmani, Global Investment House,  Kuwait. Cemtech Conferences & Exhibitions looks forward to returning to Dubai for its ninth Middle East & Africa event in ...

Myanmar: a new frontier market

15 January 2014, Published under Cement News

Resource-rich Myanmar is undergoing a dramatic transformation, with massive economic and political reforms heralding a new era for this Southeast Asian nation. A plethora of joint ventures with foreign companies seeking to establish new cement companies reflects the improved investment environment and optimism for this frontier market. By Soe Naing, Kanbawza Industries Ltd, Myanmar & ICR Research. Prospects for Myanmar are good if the country can establish a reliable energy network...