Cement News tagged under: Capacity

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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...

Bangladesh awaits more funds

23 December 2013, Published under Cement News

Bangladesh’s has a fragmented cement sector with a multitude of independent grinding units, making it one of the most competitive markets in the world. It has no abundant, natural-lying domestic limestone reserves, but there is a wealth of opportunity for cement and clinker importers to establish grinding plants near the main population areas. Bangladesh’s low-lying coastal regions and settlements on river banks are prone to severe flooding as occured in June 2012 Bangladesh ...

Mexico: better times ahead?

16 October 2013, Published under Cement News

Mexico’s cement market is at a watershed moment with leading operator Cemex firmly in control of events at the top of the scale, but new production and the growing need for cement is likely to boost sales. So how far away are these better times for Mexican cement producers? GCC operates a cement plant (pictured) in Chihuahua, the largest state in Mexico After being restored to power last year, the centre-left Institutional Revolutionary Party (PRI) has been quick to galvanise Me...

Modernising for the future

08 October 2013, Published under Cement News

Next year marks the Italcementi Group’s 150th anniversary. Despite the current economic difficulties that are heavily impacting the construction materials sectors, particularly in industrialised countries, the global cement major remains committed to improving competitiveness, efficiency and environmental performance in its industrial network. During this milestone year  the modernisation of the Devnya works in Bulgaria is one of the company's key investments as it looks ahead to a long, sus...

Vietnam to launch three more plants by year-end

02 October 2013, Published under Cement News

Cement producers in Vietnam will bring three more plants into production later this year (X18, Quang Phuc and Dong Lam), according to the Vietnam Cement Association (VNCA). This will take the sector’s total capacity to the 70Mta mark and exacerbate the existing market glut. Cement consumption is forecast to reach 45-46Mt in 2013 and as a result, the new plants will increase the surplus output to 24-25Mt.   The Vietnamese cement industry is facing a challenging time as local producers h...