Cement News tagged under: Capacity

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Indonesia heats up

23 June 2015, Published under Cement News

Domestic cement demand in Indonesia is expected to grow strongly in the future, largely driven by infrastructure developments and an improved economic outlook. However, the current high margins enjoyed by local producers look set to come under pressure as new capacity comes on-stream and competition heats up. By Isnaptura Iskandar, Maybank Kim Eng Securities, Indonesia. A healthy economic outlook and infrastructure are likely to underpin demand going foward Indonesia’s peaceful ...

Addoha Group to build 0.5Mta Gabon works

09 June 2015, Published under Cement News

Morocco’s Addoha Group announced plans to build a cement plant in Gabon’s capital, Libreville. The new EUR30m works will be operated through its CIMAF Gabon subsidiary. It will have an initial production capacity of 0.5Mta, but will be expandable to 1Mta. The greenfield plant is expected to generated 200 direct and 1000 indirect jobs.

India: hopes of Budget boost

19 May 2015, Published under Cement News

After registering a robust advance of 10 per cent during the April-September 2014 quarter, Indian cement demand is expected to have slowed to just five per cent over the final six months of FY15. With full-year demand likely to have fallen short of expectations, a sustained high growth trajectory is now forecast in FY16. On the corporate front, M&A activity is hitting the headlines as Lafarge and Holcim receive country clearance for their proposed merger, while UltraTech Cement increases cap...

Canada: a reversal of fortune

13 April 2015, Published under Cement News

After a prosperous era on the back of strong international commodity prices, Canada faces a more challenging time in terms of cement demand. The competitive landscape is also set to change with the arrival of a new player and the impact of the LafargeHolcim merger. Upside potential exists in terms of exports to Canada’s main trading partner, the US. Canada is the venue for this year’s IEEE-IAS/PCA Technical Cement Conference and Exhibition in Toronto, 26-30 April 2015, and ICR prev...

Votorantim announces 2015-18 investment plan

03 April 2015, Published under Cement News

Votorantim Cimentos announces a new investment package which will see BRL5bn (US$1.6bn) invested in five new factories in Brazil, one in Turkey and one in Bolivia, as well as in the expansion and modernisation of existing units in the 2015-18 period. The announcement comes after the company's 2007-14 BRL10bn investment plan through which the company expanded its global production capacity by 51 per cent. In Brazil, the priority is to increase production in the central-north and northeast ...

Russia: preparing for the cold?

18 March 2015, Published under Cement News

Russia is seeing its economic growth cool amid considerable geopolitical instability and the oil price crisis, with cement demand following suit. Nevertheless, the modernisation and expansion of its cement production base continues as the country’s producers jostle for a better position to challenge both domestic and import competition. BaselCement’s Serebryansky works kick-started the conversion of Russia’s cement industry to more efficient dry-process technology Russia’s ec...

Cemex to invest US$7m in San Pedro de Macoris

09 March 2015, Published under Cement News

Cemex is investing DOP315m (US$7m) in a new packing and palletising line at its San Pedro de Macoris plant, Dominican Republic, to increase capacity and cover market demand for the next five years. In addition, the company will also carry out an upgrade to one of the works’ mills. This will allow the company to increase output and ensure a greater continuity of operation. Cemex is also investing MXN256.5m in 50 concrete mixing trucks.

China succumbs to normality

04 March 2015, Published under Cement News

With the gradual drop in China’s GDP growth to lower-single figures it has been argued that normality has returned to the world’s second-biggest economy. The cement sector has certainly responded by reeling in excess capacity as well as prioritising operational efficiency and higher environmental standards as the government pushes forward industrial reform. ICR looks forward to meeting delegates attending CEMENTTECH 2015 in Beijing, China on 27-29 April 2015 While the Chin...

Bolivia increases cement supply

26 February 2015, Published under Cement News

As the Bolivian cement market surged 24 per cent YoY in 2H14, the domestic cement industry was able to increase output by 15 per cent. However, much has changed as the sector invested in new plants and pushed up production to improve the supply-demand balance. Corporación Boliviana del Cemento (Coboce) now produces around 70,000 bags per day to supply its markets of Santa Cruz, Cochabamba, La Paz and Beni. This follows an investment of US$100m in a new plant at Cochabamba. "The new fa...

UAE: changing fortunes

02 February 2015, Published under Cement News

The changing fortunes of the UAE, as it prepares to host Expo 2020 in Dubai, expands its infrastructure and addresses housing requirements, are envisaged to bump up domestic demand in the coming years. Meanwhile, exports have provided significant relief to local producers during recent years of scaled-back demand. The UAE’s construction sector is returning to form, with a number of major megaprojects in the pipeline and the ramping up of social infrastructure spend. Prestigious, la...