Cement News tagged under: cement capacity

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Shree Cement is closing in on 50Mta of cement production

07 February 2020, Published under Cement News

This week it was announced that Shree Cement would enter the market of western India within the next six months . The company is preparing to open a new 2.5Mta grinding plant in Pune, Maharashtra with an investment of US$87.8m. The new plant will receive clinker from its plant in Kodla, Karnataka. Shree Cement has been expected to go on a growth path. As recently as November 2019 it raised more than US$278.36m through a qualified institutional placement (QIP) offering, which was underst...

Vietnam to add 7.1Mta of cement capacity in 2020

31 January 2020, Published under Cement News

Two new cement plants in Vietnam will go into operation this year, according to Nguyen Quang Cung, president of the Vietnam Cement Association. The first is in Tan Thang commune, the central province of Nghe An, with a capacity of 2-2.5Mta, while a second new plant is being built in Bim Son commune, Thanh Hoa province, with a capacity of 4.6Mta. Vietnam’s Ministry of Construction forecast that cement sales would increase by around five per cent to reach 103Mt in 2020, around 70Mt of which w...

10Mta of new cement capacity to come on-stream in Pakistan

06 December 2019, Published under Cement News

A big number of capacities will be added in Pakistan's cement industry, later this month and in early next year, according to market analysts. Current capacity projects are forecast to add around 10Mta of extra capacity to the present 59.42Mta. This is expected to lead to higher levels of competition and price wars in the coming year.    According to IMS Research, from December 2019 onwards, the northern market will see multiple expansions with Lucky Cement (2.6Mta in December 2019), Kohat ...

Côte d’Ivoire cement capacity set to rise to 9.4Mta by 2019

29 August 2018, Published under Cement News

Cement capacity is set to increase to 9.4Mta in Côte d’Ivoire by 2019 following significant investment by the industry, according to the country’s Secretary of State for the Promotion of SMES, Anoblé Félix.  The new capacity is driven by an accelerated demand in major public infrastructure projects, the social housing programme and many private projects. Consumption is expected to rise by 11 per cent YoY. "To cope, the national cement production has increased from 2.52Mt in 2015 to 3Mt i...

FDI Pakistan touches 53% growth in FY18

18 July 2018, Published under Cement News

Pakistan's cement and construction industry received foreign direct investment (FDI) of US$766.3m during the 12 months of FY17-18 (July -June), compared to US$501.9m received in corresponding months of last fiscal year. This translates a YoY growth of 53 per cent, says the State Bank of Pakistan (SBP). The breakdown shows that cement industry attracted FDI of US$59m and the construction industry US$707.30m compared to US$36m and US$465.90m, respectively in July 2016-June 2017. According...

Capacity on the increase in Pakistan

17 April 2018, Published under Cement News

Cement production capacity in Pakistan increased by 52 per cent in last decade. According to the All Pakistan Cement Manufacturers Association (APCMA), capacity has risen from 30.50Mt in 2006-07 to 46.39Mt in 2016-17. The trend continues in current fiscal year as well and further advanced to 49.44Mt in first nine months of 2017-18.   According to a local research house, Attock Cement Pakistan Ltd (ACPL) and Lucky Cement have increased capacities by 1.2-1.3Mta in 2QFY18. As a result, the com...

Signs of improvement

27 September 2017, Published under Cement News

Following an abrupt fall in 2009 and a continued decline in subsequent years, the central European cement market picked up in 2014 and has since shown a modest but stable expansion in recent years. However, while prospects are positive, it is expected that cement producers will continue to focus their investment on improving production efficiency and their environmental record rather than expanding capacity. Central Europe continues to recover after its 2013 nadir and prospects are la...

New projects push Indonesia towards overcapacity

27 April 2016, Published under Cement News

Indonesia's dynamic market has attracted both foreign and local cement companies to invest in new cement plants, intensifying competition for existing producers and tipping the industry towards oversupply. Four new entrants - including companies from Taiwan, India and two local firms - plan to build new factories in Indonesia with a combined capacity of 12.1Mta, according to a report in the Jakarta Globe. The total investment is estimated at between US$1.3bn and US$3bn over the next few ye...

Anhui Conch Cement Co

29 April 2015, Published under Cement News

Earlier this month a delegation from Anhui Conch Cement Company Ltd met with the governor of the Chelyabinsk region in Russia to discuss the possibility of setting up a cement plant in the South Urals. During the four-day visit, various sites were inspected along with the Atlyan limestone deposit near Miass and the Slavyansk deposit near Bakal. The company is reportedly yet to decide whether to upgrade the wet production facilities at the Magnitogorsk Iron and Steel Works or to launch a new ...

Venezuela: 600tpd cement works to be built in Yaracuy

11 November 2014, Published under Cement News

To help alleviate Venezuela’s cement shortage a new cement plant, ‘Valeroso Peña’, will be built in Peña, Yaracuy. The 600tpd works will be constructed with assistance from India in an area that is rich in high-quality limestone. "The complex is part of a proposed three mini plants by the governors of Portuguesa, Cojedes and Yaracuy, which was approved by President Nicolas Maduro to develop through the agreement India - Venezuela. For each US$15m was allocated, "noted Julio León, governor ...