Cement News tagged under: Capacity
Oman's vision for growth05 February 2014, Published under Cement NewsOman 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 focus03 February 2014, Published under Cement NewsGlobal 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 market15 January 2014, Published under Cement NewsResource-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 funds23 December 2013, Published under Cement NewsBangladesh’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 NewsMexico’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 future08 October 2013, Published under Cement NewsNext 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-end02 October 2013, Published under Cement NewsCement 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... |
Holcim ceases production at Dannes02 October 2013, Published under Cement NewsNine months after stopping the kiln at Dannes, France, Holcim officially ceased production at the plant on 30 September. Staff have been partly transferred to Lumbres, Dunkerque and Rochefort. |
Saudi’s Al Jouf signs US$106.7m loan with Al Rajhi Bank01 October 2013, Published under Cement NewsSaudi cement producer and trader Al Jouf Cement has signed an agreement with the country’s largest Islamic bank Al Rajhi Bank for a SAR400m (US$106.7m) loan to partially finance the construction of a second production line. The loan is to be repaid by June 2019. At present, the company has a production capacity of 1.75Mta. |
JK Cement expands capacity to support sales volume30 September 2013, Published under Cement NewsJK Cement is increasing capacity by 3Mta through two split-grinding units of 1.5Mta each in Haryana and Rajasthan in the northern region, lifting its grey cement capacity to 10.5Mta. The projects are expected to be completed by June 2014 and should help in realising higher volumes. At present, 2QFY14 results are expected to be subdued due to lower volumes and cement prices. Grey cement volumes are forecast to decline 10 per cent as the company’s southern plant noted a 30 per cent drop in ... |