Cement News tagged under: Capacity

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Cementos Argos

27 February 2017, Published under Cement News

Cementos Argos has officially opened its new 0.3Mta grinding plant in San Lorenzo, Honduras. The plant, which was formerly known as the Cesur grinding station, was purchased from Lafarge in 2013. Having undergone a US$25m upgrade, the San Lorenzo works has boosted Cementos Argos’ cement production capacity in the country by 30 per cent to 1.3Mta. The company also operates an integrated plant in Comayagua and a terminal in San Pedro Sula.  According to Argos, the plant, which was opened...

ARM cement plans Kenya capacity boost

23 February 2017, Published under Cement News

Kenya's ARM Cement plans to expand its grinding capacity at its Athi River plant in Kenya to add 0.5Mta of cement to the company's production. "We are completing a grinding plant expansion in Athi River which will give us an additional 500,000 tonnes of cement in the next 12 to 14 months," ARM’s Managing Director, Pradeep Paunrana said. While he did not disclose the value of the project he said it was funded by internal resources. The extra capacity will increase the use of clinker pr...

PT Indocement

27 September 2016, Published under Cement News

PT Indocement’s new line in Citeureup is one of three new projects that will see Indonesia’s cement production capacity hit 92Mta by early next year and reach 100Mta by 2018, according to recent figures from the Indonesian Cement Association (ASI). Despite concerns regarding oversupply, August 2016 saw Indonesia’s cement sales jump by almost nine per cent YoY to 5.97Mt, driven by a surge in infrastructure projects. The increased demand is being attributed not only to previously-delayed co...

Banco Santander: positive outlook for Mexican cement companies

07 September 2016, Published under Cement News

Banco Santander analysts have upgraded their forecast on share prices of two key Mexican cement producers. The bank expects the company’s share price to rise 8.5 per cent in the next 12 months to MXN17.10/share. For Elementia, the share price would advance by 24.5 per cent in 2017 to MXN28/share. The bank said the share price increases were supported by a rise in cement prices by the companies. Cemex is expected to raise its prices by 18 per cent while Elementia would see a 25 per cent adv...

Ecuador: a challenging recovery

03 August 2016, Published under Cement News

With severe earthquakes, massive debts and low crude oil prices, Ecuador’s way ahead appears uncertain. The country’s future is dependent on the outcome of the 2017 elections and a recovery in oil prices to get the economy moving again in the right direction under positive leadership. By Rob Roy, ROI Consulting, USA. Ecuador faces an uncertain future, but next year's presidential elections may provide the potential for change Ecuadorian cement consumption is expected to decline ...

Pakistan prepares for positive future

18 May 2016, Published under Cement News

The outlook for the Pakistan cement industry is positive with expansion expected over the next few years. Key reasons include improved sector fundamentals backed by higher demand, cost efficiencies driven by lower international coal prices and captive power generation reducing energy costs, capacity expansions and low to minimal risk of cement price destabilisation. As a result, cement demand is forecast to grow at least eight per cent over the next five years (FY16-21) on the back of an ave...

Holcim Indonesia expects capacity up 12% in 2016

04 May 2016, Published under Cement News

Following the acquisition of PT Lafarge Cement Indonesia, Holcim Indonesia increased its domestic production capacity by 1.6Mta to 15Mta, the company said in a statement. In addition, the cement producer’s 1.7Mta Tuban 2 cement plant is expected to be operational for its first full year in 2016 after coming online in August last year. Most of Holcim Indonesia’s production is sold in West Java, Jakarta and Banten, but the acquisition of Lafarge Cement Indonesia and the new works at Tub...

Can China bounce back?

28 April 2016, Published under Cement News

Ahead of the 17th China International Cement Industry Exhibition, which is due to take place in Nanjing, China, on 12-14 May 2016, this article presents an update on important recent developments in terms of domestic cement consumption trends and the pricing environment. Efforts to cut excessive capacity and promote industry consolidation also remain central themes. By Addison Dai, DBS Vickers, Hong Kong. Nanjing will be the setting for the 17th China International Cement Industry Ex...

CRH interested in HeidelbergCement US and Belgian units

28 April 2016, Published under Cement News

CRH has expressed an interest in acquiring HeidelbergCement’s US and Belgian assets. The Germany-based company is expected to divest in such units to comply with the requirements set by competition authorities for its acquisition of Italcementi. "US cement is of interest to us and we're fully aware of the asset that may spin out of the potential acquisition," Mr Manifold said. "With regards to Belgium, it's a prime asset and certainly it would make a good fit with our businesses, providin...

LafargeHolcim considering Vietnam exit

25 April 2016, Published under Cement News

LafargeHolcim Group, a joint venture between Swiss Holcim Ltd. and French Lafarge Group, may withdraw from Vietnam due to oversupply of cement in the domestic market, said Nguyen Cong Bao, general director of Holcim Vietnam, a subsidiary of Holcim Ltd. The group had a meeting with the Vietnamese Ministry of Construction to notify of the group’ business plans in Vietnam for the coming time, Mr. Bao was quoted by Dau Tu newspaper as saying Wednesday. According to the newspaper, Vietnam Cemen...