Cement News tagged under: Laos

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Laos quarry blast kills one and injuries 20 people

07 October 2019, Published under Cement News

A Chinese-operated cement plant in northern Laos caused the death of at least one person and injuries to 20 others when it started blasting operations at a quarry in Luang Prabang province, northern Laos on Saturday. Houses and vehicles further away in Phonemany village, Nam Bak district, were also wrecked by the blast. Reasons for the extra ferocity of the blast have not yet been identified. Khammany Inthirah, Minister of Energy and Mines said, "Now we do not have the answers. We  might ha...

Lao government revokes cement import licence

30 October 2018, Published under Cement News

The Loa Ministry of Industry and Commerce has directed the departments of industry and commerce throughout the country to stop issuing import licences for cement. In future cement imports will be regulated by customs officials at border crossings in line with the regulations, as part of efforts to speed up and streamline business operations in the southeast Asian country.

Lao Cement Co opens on Lao stock exchange

06 March 2018, Published under Cement News

Lao Cement Co has opened for trading on the Lao Securities Exchange. The company’s participation in the Lao stock market will help to boost socio-economic development, create job opportunities and help to upgrade Lao products to international standards, said Voravong Vanhkham, CEO of the securities exchange said. The demand for cement products in Laos is continually on the increase and investment in the cement company is certain to reap benefits, according to Chairman of the Loa Cement Co...

Hongshi Holding issues bond for cement plant project

24 January 2018, Published under Cement News

Hongshi Holding Group Co Ltd has issued a "Belt and Road" (B&R) construction corporate bond on the Shanghai Stock Exchange (SSE), which was also the first B&R construction corporate bond publicly offered by an enterprise from Laos. The raised funds will be used in the purchase of relevant equipment for the Hongshi cement project in Vientiane, Laos. As one of the major B&R construction projects involved by Zhejiang's enterprises, the new cement plant was included in the "Collection of Majo...

Anhui Conch to resume Indonesian project with US$240m credit

27 November 2017, Published under Cement News

Anhui Conch Cement has issued guarantees for loans likely to include US$90m facility provided by the company’s Indonesian branch, according to Anhui Conch investor relations. This is in addition to the 10-year US$151.5m loan applied for by its subsidiary Pabrik Semen China Conch from the Export-Import Bank of China (EIBC) in support of the planned resumption of the development of Pabrik Semen China Conch in Inobonto, North Sulawesi. The project, which the Chinese cement producer initiated...

Vietnam April exports up 6.7%

19 May 2017, Published under Cement News

Vietnam exported more than 1.9Mt of cement and clinker, reflecting an export value of US$67.4m, according to the country’s Customs Department. This represents a YoY increase of 6.7 and 7.6 per cent, respectively. In the first four months of the year, the country exported 6.7Mt of cement and clinker, up 12.8 per cent YoY. In terms of value a 7.9 per cent rise to US$235m was reported. Bangladesh and the Philippines were the largest importers, accounting for 37 and 32 per cent, respectively o...

Laos: 5000tpd plant to be completed by 2018

11 November 2016, Published under Cement News

Vientiane Hongshi Saythirath Cement Co is due to begin construction on its new 5000tpd dry-process plant in Vientiane’s Hinhuep district, with completion estimated for 2018. The project represents an investment of US$300m. Vientiane Hongshi Saythirath Cement is owned by China-based Hongshi Holding Group, which holds a 70 per cent share, while Saythirath Group, Laos, commands the remaining 30 per cent. The new plant will focus its exports on Thailand, with the remainder of supply being ...

SE Asia towards oversupply?

20 June 2016, Published under Cement News

The southeast Asian cement market has seen rapid demand growth in recent years. Backed by favourable macroeconomic trends, it is likely to remain one of the fastest-growing cement markets. Many cement producers, both local and international, performed very well in this region and are keen to expand their existing capacity, while for others entering these enticing markets has become a priority. By The Jakarta Advisory Group, Indonesia. Fast-growing southeast Asian markets are attractin...

SCG forecasts regional capacity will hit 292Mta by 2018

20 April 2016, Published under Cement News

In a presentation to investors earlier this month, Siam Cement Group (SCG) disclosed that it expects capacity in Thailand and nearby markets will reach 292Mta in two years' time, up from 251Mta in 2015. Production capacity is set to expand in Thailand, Indonesia, Vietnam, Myanmar, Cambodia and Laos. This comes against a backdrop of existing overcapacity – in 2015 domestic consumption in the six countries was 168Mt, implying a utilisation rate of 67 per cent. Demand growth in Thailand a...

Anhui Conch

26 January 2016, Published under Cement News

With cement demand shrinking in its home market, Anhui Conch is ramping up its business overseas. In January-September 2015, China reported a five per cent YoY fall in cement production thanks to its cooling economy and slowing infrastructure investment at home. With its domestic market also suffering from chronic oversupply, Anhui has its eyes firmly set on the Southeast Asia market. April this year will mark the opening of four plants by Anhui in Indonesia with a total production capac...