Hilton Manila
The global cement industry is poised for a strong 2019. Most industry variables are pointing in an upward direction, despite signs of an economic slowdown due to trade tensions. IA Cement anticipates another strong year for Asian cement markets, with demand growth of almost 4% in 2019. Asia Pacific is l benefiting from the shift in global supply chains with the trade conflict between the US and China. The strongest cement markets are expected to be in Vietnam and the Philippines! What about the cement outlook in Australia, Sri Lanka, India or Indonesia? Find out these and more!
The surge in infrastructure building under the Philippines government’s ambitious P8-trillion Build Build Build (BBB) program has brought upon a dilemma for cement industry partners and the Department of Trade and Industry (DTI). On the one hand, local producers are ramping up production volume to meet the growing demand, investing tons of money on state-of-the art technology while importers are having a field day supplying to the domestic markets without having to invest in machineries, technologies and equipment. With DTI’s introducing a customs duty on imported cement of US$4.81/t, subject to annual review and to be in place for three years, decreasing by US$0.48/yr, will it help local producers be more competitive? Which exporting countries will be the hardest hit from this measure?
This year, the China Building Materials Federation released plans to cut cement production capacity by 70Mt as part of its efforts to reduce air pollution and increase industry efficiency through consolidation. According to Yicai Global, the federation’s work plan wants the largest 50 national producers to cut all production lines with a capacity below 2000t/day and to upgrade old technology on the remaining lines. How will this further transform China’s cement industry?
In compliance with Paris Agreement on climate change, cement sector needs to reduce its annual emissions by at least 16 per cent by 2030. Some of the measures adopted by the cement industry include increasing energy efficiency, switching to alternative low-carbon fuels, clinker substitution, scaling up of CCS if proven cost effective, breakthrough in new cement like LC3 and many more.
Attend CMT’s 21st Asia Cementrade Summit on 13-14 Nov 2019 in Manila, Philippines to gain first hand insight on the latest development in the region’s cement value chain.
Register with your team today at www.cmtevents.com to enjoy group discount. Contact grace@cmtsp.com.sg for more information.
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Be a Sponsor or Exhibitor! |
This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor. |
30 Oct, 2019
14 Oct, 2019
02 Jul, 2019