Cement News tagged under: cement demand

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New plant to open in Cambodia

03 January 2018, Published under Cement News

Chip Mong Insee Cement Corporation plans to have its 2Mta plant in Kampot province fully operational early this year, according to Khmer Times. The company signed a partnership agreement with Citic Heavy Industries Company in 2016 to build the plant for US$262m. “It will produce two kinds of cement: Camel and Diamond Insee cements,” said Suy Sem, Minister of Mines and Energy in Cambodia. The total cement demand within Cambodia is expected to reach 5Mta within this year.

Gambia's turning point

21 December 2017, Published under Cement News

Leaving behind a past of political unrest and financial mismanagement, Gambia is at the start of an exciting new chapter. Led by a new, democratically-elected government and witnessing an upturn in construction, the country is about to open its first cement production facility. Thanks to Gambia's newly-found political stability, the international community is re-engaging with the west African country As the smallest country on the African mainland by area, Gambia’s economy...

India: the long game?

29 November 2017, Published under Cement News

As the slowdown in India’s key housing sector largely persists, hopes are on the government’s infrastructure plans to bolster domestic cement consumption and narrow the gap between demand and production capacity. While domestic cement producers may be able to seize the opportunity to export in some of India’s neighbouring countries, these nations’ drive to self-sufficiency is expected to affect export success. In India's largest cities such as Mumbai (pictured) and Delhi, t...

Kenyan cement factories cut production back to 4.2Mt

12 October 2017, Published under Cement News

Cement plants in Kenya have reduced production by seven per cent to 4.2Mt in the year to August, down from 4.5Mt. The cutbacks came amid decreases in cement consumption, data from Kenya National Bureau of Statistics (KNBS) shows. The deepest cut was experienced in August when Kenya held its general election, underlining the effects of election fever on the economy. The reduction came in response to a cooling demand after consumption dropped 6.4 per cent to 2.9Mt in the first half of...

Pakistan: capacity utilisation exceeds 100 per cent in March

07 April 2017, Published under Cement News

According to figures released by the All Pakistan Cement Manufacturers Association (APCMA), cement dispatches for March 2017 reached 3.9Mt, up 23 per cent YoY with the industry running at full capacity during the month, reports the Daily Times. The rise in dispatches has been entirely driven by higher domestic consumption. In the nine months of the current Pakistani fiscal year, domestic demand rose by 10.9 per cent, while exports fell by 14.8 per cent, with the result that overall dispat...

Vietnamese PM invites SCG to widen its investment in the country

07 April 2017, Published under Cement News

The Prime Minister of Vietnam, Nguyen Xuan Phuc, has used a meeting with the head of Siam Cement Group to urge the company to expand its activities within the country. The Prime Minister met SCG President and CEO, Roongrote Rangsiyopash, in Hanoi on 5 April and used the occasion to underline the benefits of further investment in Vietnam. In March 2017 SCG announced that it was taking a 100 per cent stake in Vietnam Construction Materials, giving the Thai firm 3.1Mta of cement capacity in ...

Saudi Arabian cement sales down 16% in January

15 February 2017, Published under Cement News

Domestic cement deliveries in Saudi Arabia in January 2017 were 15.9 per cent lower than in the same month the previous year, according to statistics released by Yamama Cement. At 4.78Mt, cement sales in the country were significantly below the January 2016 figure of 5.68Mt. Meanwhile, Saudi producers continue to amass clinker stocks, adding another 0.4Mt to their reserves in January. Clinker stocks now amount to 28.5Mt – enough to supply more than six months of Saudi cement demand at ...

Pakistan: capacity utilisation tops 90% in December 2016

02 February 2017, Published under Cement News

According to figures released by the All Pakistan Cement Manufacturers Association (APCMA), cement sales in December 2016 reached 3.56Mt, with capacity utilisation running at 90.9 per cent, the Nation newspaper reports. The first six months of Pakistan’s 2017 fiscal year, which began in June 2016, has seen local cement consumption rise by 11.1 per cent on the same period in 2015. Declining export sales have been more than matched by rising local demand, with the result that total shipm...

Lucky Cement sees half-year profits rise 12.5% to US$67m

27 January 2017, Published under Cement News

Lucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m). In a statement to the Pakistan Stock Exchange, Lucky revealed that it had sold 3.5Mt of cement and 235,000t of clinker during the first six months of FY17. Cement sales improved over the previous year by 5.4 per cent, while no clinker sales at all took place in the corresponding period in FY16. Cement production also rose to 3.5Mt, up six per cent on FY16, while clin...

SCG predicts Thai cement consumption will recover in 2017

26 January 2017, Published under Cement News

Despite a disappointing performance in 2016, Siam Cement Group believes that demand in the Thai market will recover in 2017, reaching some 40Mt, the Bangkok Post reports. In figures released for the fourth quarter of 2016, SCG revealed that domestic demand fell three per cent YoY. For 2016 as a whole, demand fell by two per cent. The company also saw a decline in exports, shipping 2.6Mt of cement and 1.1Mt of clinker in 2016. In the previous year, the corresponding figures were 3.6Mt a...