Pullman Jakarta Indonesia
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Vietnam is witnessing an oversupply in its cement sector. Boosting exports is a good way to tackle this problem of oversupply.
Reports say that the country has already witnessed a rise in its cement exports in the first 7 months of 2014 earning US$563 million of 13.1Mt of clinker and cement. The cement exports reflect a rise of 24% year-on-year in value terms and a 20.4% increase in terms of volume.
Vietnamese clinker and cement was mainly exported to Indonesia, Taiwan and Malaysia during this period, according to the Vietnamese Ministry of Industry and Trade.
It is also predicted that Vietnam's domestic cement sales will rise by 9% year-on-year, registering about 49-50 Mt in 2014 while it's cement & clinker exports will touch 16-20 Mt.
Vietnam's cement exports stood at 15 Mt in 2013.
The cement oversupply is further expected to rise as Vissai Cement Group's new 7mt cement plant begins operations in 2014.
More on Vietnam's cement market will be discussed at CMT's 16th Asia CemenTrade Summit opening on 13-14 Oct, 2014 in Jakarta, where Mr. Ryan Dat, Deputy Director of Vissai Cement Group will share a presentation on 'Boosting Vietnam's Cement Industry Through Effective Export Strategy'.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147.
22 Sep, 2014
Bangladesh's cement demand is growing at 8% per year, given a spurt in the country's infrastructure projects.
Two separate developments in the Bangladesh's cement industry will boost the country's cement production and help meet such demand.
In the case of Holcim Bangladesh, it plans to increase its cement production capacity in the country. The company intends to invest Tk.300 crore, which will enable total cement production capacity in Bangladesh to reach 20 lakh tons per annum.
In another development, Bangladesh's only fully integrated cement manufacturer, Lafarge Surma Cement Ltd., has signed a clinker supply agreement with Metrocem Cement. As per the deal, Lafarge Surma Cement will supply clinker to Metrocem to help produce Portland Composite Cement brand for Lafarge Surma.
Since, Bangladesh has a scarcity of quality limestone deposits to support the domestic cement industry, Metrocem, like many other cement producers, imports clinker from abroad.
A 17 km conveyor belt from Lafarge's quarry in Meghalaya, India supplies limestone to its plant in Chhatak in Bangladesh.
More on Bangladesh's cement industry will be discussed at 16th Asia CemenTrade Summit, coming to Jakarta on 13-14 October, 2014.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
Read more:
Holcim Bangladesh expands cement capacity to meet demand
Lafarge Surma Cement signs clinker supply deal with Metrocem
21 Aug, 2014
Indonesia's largest cement manufacturer - Semen Indonesia, is expected to purchase a minority stake in an undisclosed cement company in Myanmar this year. Semen Indonesia, which was formerly known as Semen Gresik, is on an expansion spree in the Asian region. Last year, the company revealed that it is aiming to spend up to $200 million on an acquisition in Myanmar.
Earlier in 2012, Semen Indonesia ventured into Vietnam via the acquisition of Thang Long Cement.
The deal in Myanmar is pegged at about $30 million, with a 30 percent ownership and future plans of increasing control. Although the Myanmar based company's name is not revealed, the company is said to have an annual production capacity of up to 1.5 million metric tons of cement.
This move shows that Semen Indonesia is expanding its reach in the region before Asean Economic Community (AEC) gets implemented in 2015.
The company is also expanding capacity in Indonesia. It is planning additional plants in the country - Indarung VI plant in West Sumatra, which is projected to cost up to Rp 3.25 trillion to build, will add annual production capacity of roughly 3 million tons of cement to the company's total production. Another plant in Rembang, Central Java is expected to begin construction in June 2014, and start operations in 2016 with a production capacity of up to 3 million tons of cement each year.
Both projects are expected to elevate the company's output to 39.3 million tons by 2016, and 40.8 million tons by 2017 from its current 31.8 million tons of cement per year.
More on Indonesia's cement industry growth plans will be discussed at the 16th Asia CemenTrade Summit coming to Jakarta on 13-14 October, 2014.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
04 Jul, 2014