Cement News tagged under: capacity

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Fitch Ratings says outlook for Indian construction stable

07 August 2012, Published under Cement News

Fitch Ratings says that the outlook for the Indian construction sector remains stable for 2H12, despite the continued unfavourable macroeconomic environment, as some of the risks have already been factored into the ratings. However, the medium-term outlook could be affected by ongoing challenges in execution, coupled with high interest rates and lacklustre equity markets. Fitch is concerned about the construction sector's growing order book position amid slowdown in project execution, as th...

Bangladesh industry consolidation gathers pace

07 August 2012, Published under Cement News

Cement sector consolidation in the Bangladesh industry is set to gather pace as more than 70 smaller cement factories have folded operations in the past 12 years having lost ground to larger players. According to a report in the Financial Express (Bangladesh) more are on the verge of shutdown as tight bank loans for smaller factories and massive investments by local and global players have accelerated the closure of units with capacity below 6000t. "It's like a story of big fish gobbli...

Cement Industry Group of Algeria to build two new plants

07 August 2012, Published under Cement News

The Cement Industry Group of Algeria (Gica), which recently announced it plans to 450,000t of cement, will begin the construction of two cement plants with a total capacity of 3Mta. These plants will be located in Béchar and Relizane. Gica will launch the work of determining the volume of deposits once the mining exploration rights have been obtained from the Agency for National Mining Heritage (ANPM). This was reported yesterday by APS quoting the group's director, Yahya M Bashir. I...

Malaysian market acceleration

05 April 2012, Published under Cement News

As Malaysia prepares to host to the 23rd AFCM Technical Symposium in April, ICR presents an overview of recent activity and prospects for the Southeast Asian nation. This year, the construction market will be underpinned by higher activity in the residential sector and the acceleration of public engineering projects, translating into increased orders for the cement industry once large-scale projects go into full swing. ICR looks forward to meeting delegates at the 23rd AFCM Technical ...