Displaying items by tag: Cambodia
Cambodia: Battambang Conch Cement, a joint venture between China’s Conch International Holdings and Cambodia’s Battambang KT Cement, has announced plans to build a US$230m cement plant in Battambang province. The plant will being operation in December 2017 and it will have a cement production capacity of 1.8Mt/yr, according to the Phnom Penh Post.
“We will be the fourth cement company to supply the market,” said Vinh Hour, director of Battambang Conch Cement. According to Hour, Cambodia’s demand for cement has reached 8Mt/yr and the existing three cement plants in Kampot province can only supply about half of this amount. The remainder is imported from Asian suppliers. Battambang Conch Cement has applied for an industrial mining licence to use limestone from a nearby mountain in the district. The company aims to supply five provinces in northwest Cambodia: Battambang, Pursat, Bantey Meanchey, Siem Reap and Preah Vihear.
Hort Pheng, director of industrial affairs at the Ministry of Industry and Handicraft, said the ministry has approved five cement factories to date – three of which are in Kampot province and already supply the market. Chip Mong Insee Cement has also received approval to build a production line in the southern province, with construction on the US$260m cement plant expected to finish in 2018.
Cambodia: China’s CITIC Heavy Industries has ordered a 5500t/day ETA 10610S clinker cooler from Germany’s Claudius Peters. The cooler will be used in a new cement plant being built for Chip Mong Insee Cement Corporation in the southern Kampot region.
The order represents a new territory for Claudius Peters, as it will be the first time it has supplied equipment to Cambodia. Delivery will take place in November 2016.
Cambodia: Chip Mong Group has ordered three vertical roller mills from Gebr. Pfeiffer for a new cement production line in Touk Meas. The order comprises a MPS 3350 BK for coal, a MVR 5000 R-4 for raw material and a MVR 6000 C-6 for cement grinding. The cement mill will come equipped with a MultiDrive consisting of four drive modules. This drive system has an installed power of 7200kW to allow redundant operation.
The MVR 6000 C-6 cement mill will be the largest vertical roller mill in the Association of Southeast Asian Nations (ASEAN) region. It will be set up in cooperation with CITIC Heavy Industries. Delivery of the mills is scheduled to take place in the first quarter of 2017.
Thailand: Thailand will continue to be Italcementi Group's production base in the Association of Southeast Asian Nations (ASEAN) and as its springboard for expanding into Myanmar after HeidelbergCement acquires a 45% stake in the company in July 2016. Carlo Pesenti, the chief executive officer of Italcementi, made the comments about the future direction of the business in an interview with the Nation newspaper.
"HeidelbergCement, which will be the major shareholder of Italcementi when the deal is complete this July, has a policy to maintain the business in Thailand and its business plan to expand into Myanmar, because HeidelbergCement does not have a presence in Thailand,” said Pesenti. “Thailand is our production hub and business arm for expanding in ASEAN."
Italcementi Group holds a 49% stake of Asia Cement in Thailand. Asia Cement and its subsidiary Jalaprathan Cement have cement production capacity of 5Mt/yr. Asia Cement has set aside an investment budget of up to US$14m to maintain its three clinker and cement plants in Thailand. However, the company it waiting for the acquisition of Italcementi by HeidelbergCement before it can decide about expansion plans in Cambodia and other territories.
Cambodia: The Chip Mong Insee Cement (CMIC) company has started building a US$262m cement plant in Kampot province. The plant will have a cement production capacity of 1.5Mt/yr when completed in 2018. CMIC is a joint venture, formed in 2012, between Chip Mong Group and Thailand’s Siam City Cement, according to Cambodia Daily.
“Kampot is an ideal location for cement factories because of access to the necessary limestone raw material and logistics,” said Nhan Ken, general sales and marketing manager at the Chip Mong Group. He added that the new plant will face competition from other local cement producers in Kampot including Kampot Cement, co-owned by the local Khaou Chuly Group and Bangkok-based Siam Cement, and the Chinese-funded Cambodia Cement Chakrey Ting Factory.
Cambodia/China: China's CITIC Heavy Industries Company has secured an engineering, procurement and construction (EPC) contract from a Cambodian conglomerate to build a US$262m, 5000t/day cement plant in Cambodia.
Under the contract, CITIC will carry out the detailed engineering design of the project, procure all the equipment and materials necessary and then construct a cement plant for Chip Mong Insee Cement Corporation, a subsidiary of Chip Mong Group. It will be "Cambodia's largest single cement line with the most modern and state-of-the-art equipment and technologies from Germany and China," said Aidan Lynam, CEO of Chip Mong Insee Cement Corporation. "It will be a world-class cement plant that produces top quality products for our company, with emission controls which protect the neighbouring environment with the lowest carbon footprint." The plant is a joint venture with Siam City Cement Public Company Limited of Thailand.
Mines and Energy Minister Suy Sem said that the contract between the two companies had clearly showed the confidence of investors in Cambodia's political stability and business opportunities. "Cement demand in Cambodia is very high due to the rapid progress of construction industry," he said. "Thus, I believe that this cement plant will be able to meet the demand of cement in Cambodia." It is estimated that domestic cement demand is about 4Mt/yr.
Cambodia: Siam City Cement's (SCCC) board of directors has approved a 40% share in a joint venture company in Cambodia, Chip Mong Cement Corporation, a first step in its strategy to take advantage of the upcoming Asean Economic Community.
The joint venture will involve the construction and operation of a 1.5Mt/yr capacity cement plant and related business, said Siva Mahasandana, acting SCCC deputy CEO and senior vice president for marketing and sales. He said the company had signed a definitive agreement with Chip Mong Group and three individuals, known collectively as CMG, to form the joint venture, which is expected to be in place by December 2015.
Mahasandana said that the joint venture company's registered capital would be US$150m, comprising 75,000 ordinary shares at a par value of US$2000/share. Once fully established, the new company will be renamed Chip Mong Insee Cement Corp.
Cambodia has been attracting investment with its government measures and low labour costs. Its economy has been growing measurably and the construction business is expected to grow in parallel, providing opportunities for SCCC's Insee brand. "We trust that this is an absolutely sustainable business venture in Cambodia and at the same time, we are exploring new investment opportunities in the Asean countries, especially in Cambodia, Laos, Myanmar and Vietnam," he Mahasandana.
Cambodia: Siam Cement Group (SCG) expects to invest US$200-300m of additional investment into Cambodia over the next five years, according to Aree Chavalitcheewingul, vice president for regional business of SCG Cement-Building Materials.
The five-year investment plan includes adding a third production line to its cement plant in Kampot, southern Cambodia, where SCG commenced the second production line in mid 2015. SCG also plans to double its network of ready-mix concrete plants in the country.
The group expects sales from its Cambodian operations to approach US$140m in 2015. Including its exports to Cambodia, which are expected to reach US$200, SCG's Cambodian revenues are targeted to total US$40m for the year. About 80 - 90% of SCG's Cambodian sales are derived from its cement sector.
"The growth is at a satisfactory rate of 5 - 10%," Aree said. "We have seen a lot of opportunities, especially this year, as cement demand has increased remarkably. There are many new residential and commercial projects coming up in Phnom Penh." Cambodia's GDP has expanded by about 7%/yr in the past few years.
SCG employs 31 international staff and 461 SCG staff in Cambodia. It is expanding rapidly in the ASEAN markets, with its first cement plant in Indonesia opening in the third quarter of 2015. It will start its first cement plant in Myanmar in 2016 and SCG will start a plant in Laos in 2017.
Vietnam: In the first seven months of 2014, Vietnam earned US$563m from the export of 13.1Mt of clinker and cement, a 24% rise year-on-year in value terms and a 20.4% increase in terms of volume. Indonesia, Taiwan and Malaysia were the largest importers of Vietnamese clinker and cement in this period, according to the Vietnamese Ministry of Industry and Trade.
Indonesia imported 1.42Mt of clinker and cement (worth US$69m), Taiwan bought 0.86Mt (US$37.6m) and Malaysia purchased 0.7Mt (US$34.7m). Cambodia was fourth with 0.29Mt (US$15.6m).
Vietnam's domestic cement sales are expected to rise by 9% year-on-year to between 49 - 50Mt in 2014, while cement and clinker exports are likely to hit 16 - 20Mt. The country exported 15Mt in 2013.
Cambodia/China: Huaxin Cement has injected US$24m into Cambodia Cement Chakrey Ting Factory to acquire a 40% stake in the southeast Asia-based company on 17 June 2014. After the investment, the Cambodia cement producer's registered capital grew to US$60m from US$32m. The Hubei Province-based cement manufacturer said that the acquisition in Cambodia is the company's second overseas investment after establishing a subsidiary in Tajikistan in 2011.