Cement News tagged under: capacity

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GICA to commission new Sigus plant in March 2019

27 December 2018, Published under Cement News

Construction of the new Sigus integrated cement plant in Oum El Bouaghi province, Algeria, is 87 per cent complete, according to Sofiane Bensaci, Finance Director of the company. With a production capacity of 2.2Mta, the Sigus plant will employ 150 direct jobs and 2000 indirect jobs, and commence production in March 2019. Total investment in the plant, which is part of the state-owned Groupe Industriel des Ciments d’Algerie (GICA), is DZD51bn (USD429m).

Shree Cement commissions clinker line at Karnataka

27 December 2018, Published under Cement News

Shree Cement (India) has commissioned the clinker section of its 3Mta integrated cement plant at Kodla village in the Kalaburagi District of Karnataka. Shree Cement is one of India’s most rapidly expanding cement companies, with its principal cement manufacturing operations located in six states across north and eastern India.

Pakistan's cement industry braces itself for challenges ahead

13 December 2018, Published under Cement News

Pakistan's cement industry will face challenges in the remaining six months of current financial year 2018-19 due to various pressing factors. Industry experts are of opinion that declining trends in cement demand, capacity expansion, cut in Public Sector Development Programme (PSDP), slowdown in private construction and price war may adversely impact cement industry performance from January 2019 onward.  According to a report of Taurus Security Ltd, the cement sector in Pakistan faces ...

Cement prices fall 25% in Uganda

29 November 2018, Published under Cement News

Cement prices in Uganda have fallen 25 per cent in the last six months, dropping to UGX28,000/50kg bag (US$7.5/50kg bag) from UGX38,000/50kg bag. The drop in prices follows the recent boost in production capacity in the country, with a number of plant expansions and greenfield projects commissioned within the past year. As a result, the country's total cement capacity stands at 7Mta compared to a 2.4Mt demand. However, the country's largest producers, Hima and Tororo, have stated that pr...

Bolivian economic downturn leads to pricing war

19 September 2018, Published under Cement News

The economic slowdown in Bolivia is driving cement companies into a pricing war, according to Esmerk Latin American News. The cost of a 50kg bag of cement has fallen to BOB46 (US$6.66) from BOB75 over the past five years as cement producers vie for market share. Currently, in Santa Cruz, Itacamba sells its cement at BOB44-45/bag while Fancesa’s product is priced at BOB45-46/bag. Itacamba has multiplied its supply by five after opening a new factory in Yacuses in 2017. Fancesa’s second p...

Agents of change

04 July 2018, Published under Cement News

Like the steel and automotive sectors, the cement landscape has experienced a far-reaching transformation over the last 30 years. In the mid-1980s, local players outgrew their local markets and seized the opportunity to expand beyond national borders to gradually take control of worldwide markets. However, this untouchable leadership imploded as globalisation took hold and the centre of gravity of construction demand shifted to the emerging markets. This article looks back at the events and ...

ICRA: India’s FY19 cement output to rise 6% YoY

27 June 2018, Published under Cement News

With a recovery in the affordable and rural housing markets and infrastructure construction picking up, India’s domestic credit rating agency ICRA expects cement production in India to rise by six per cent in FY19. However, rising input costs will continue to dampen company profits. Output from India’s cement plants reached 298Mt in FY18, a 6.3 per cent rise when compared with the 280Mt. The main share of this growth took place in the second half of the financial year as key markets regi...

Building the Balkans

04 June 2018, Published under Cement News

While some of the Balkan states are among the youngest countries in Europe, their cement demand has remained relatively low since the global financial crisis of 2008. But this is expected to grow as improved infrastructure connections and EU funding are helping to build greater economic strength in the region. Titan’s 1.5Mta Antea works is the largest cement works in Albania, accounting for more than 40 per cent of domestic cement capacity The Balkans is an area of southern E...

Bangladesh demand to grow 8-10%, but overcapacity to persist

29 May 2018, Published under Cement News

Bangladesh cement demand is expected to grow by 8-10 per cent in the next five years, according to Masud Khan, CEO of Crown Cement Group. Last year cement consumption reached 27.1Mt, significantly below the country’s total cement production capacity of 50.2Mta. Domestic cement companies met around 82 per cent of this demand while imports supplied the balance. Anticipating higher sales due to ongoing and planned megaprojects, Bangladeshi cement manufacturers doubled their capacity in 2...

A banner year ahead

09 April 2018, Published under Cement News

Following several challenging years with cement demand declining, the year ahead promises a turnaround of fortunes for China. With domestic cement consumption and export demand expected to rise and new supply to moderate, the Chinese cement industry can look forward to a better year. Prices are also forecast to recover, providing improved returns for producers. By Addison Dai, DBS Vickers, Hong Kong. China’s cement consumption is expected to grow in 2018, improving the demand-supply b...