Cement News tagged under: Capacity

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Saudi Cement shuts down two kilns

30 December 2015, Published under Cement News

Saudi Cement Co has closed down two kilns indefinitely as a result of high inventory, absence of growth in Saudi demand and the continuing ban on exports, it said in a bourse statement on Wednesday. The company reported an impairment charge of SAR66.2m (US$17.6m) in the fourth quarter of 2015 as a result of the kiln closures. Furthermore, Saudi Cement Co expects the fuel and electricity price hikes announced in the 2016 government budget to increase its production costs by SAR68m (US$18.13...

PT Indocement

23 December 2015, Published under Cement News

Domestic cement demand in Indonesia grew by 4.7 per cent in November, compared to the same period last year, according to recent data from the Indonesia Cement Association (ASI). A boost in government spending on infrastructure projects was seen as the driver behind the expansion. This follows the 10.2 per cent increase seen in October this year when sales for the month hit almost 6.5Mt. According to ASI, sales for the year to date including November are 55.6Mt, up by 1.9 per cent on the sam...

US Southeast's comeback story

07 December 2015, Published under Cement News

Cement demand in the US Southeast (ie, Florida plus the ‘Piedmont’ states of Alabama, Georgia, Tennessee and North and South Carolina) was hard hit by the Great Recession. Since the 2010 trough, demand recovery in the region has been the strongest among the five US divisions but remains volatile and well below previous highs. Nevertheless, long-term prospects are better than average. By Rob Roy, ROI Consulting, USA. Cemtech Conferences & Exhibitions looks forward to welcoming delega...

PT Indocement

29 September 2015, Published under Cement News

According to Reuters, some say that the outlook for domestic cement sales growth in Indonesia could be the worst in a decade. Production capacity has surged over recent years on the back of a promised increase in infrastructure spending. Recent figures put production capacity in the country at 75.5Mta by 2016, up by 67 per cent since 2011. But, in reality, infrastructure spending has been delayed by red tape and the Indonesian economy is growing at its slowest rate for six years.  For PT ...

Looking forward to growth

09 September 2015, Published under Cement News

15 July 2015 saw the official launch day of LafargeHolcim, the merger between building materials giants, Lafarge and Holcim, which brings into being a world leader with 386.5Mta of cement production capacity installed across the globe. Since Holcim and Lafarge revealed their merger plans on 7 April 2014, both companies have put in considerable effort to lay the foundations of a balanced partnership and avoid the proverbial clash of titans. They divested some of their assets to meet regul...

Spain: rising from the recession

07 September 2015, Published under Cement News

As Spain’s economy starts to recover from the recession, domestic cement demand finally appears to be picking up after six consecutive years of contraction since 2008. So deep was the downturn that demand remains at historically low levels, but the long-awaited upturn witnessed in 2014 should mark the start of a gradual rebound in volumes. As Spain emerges from economic recession, the cement sector can look forward to a slow, but upward path to sustainable cement demand Spain...

Iraq: an uncertain future

13 July 2015, Published under Cement News

As Iraq rebuilds its society and economy, considerable opportunities exist for the country’s cement industry. There is considerable market potential as Iraq requires infrastructural and housing development However, its future is not free from challenges and political stability is just one of the key requisites for its continued development. Iraq is rebuilding its infrastructure and housing, creating significant cement demand Elections in September 2014 saw the Shia-dominated gov...

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...