Displaying items by tag: Production
Vietnam halts plant construction
20 February 2012Vietnam: Vietnam's Ministry of Construction has announced that it will temporarily delay work on several approved cement projects in the country. The move was announced with the spectre of severe cement overcapacity looming over the country. In 2012 it is expected that the country will consume around 50Mt of cement, 10Mt short of its existing 60Mt/yr capacity, according to the Vietnam Cement Association (VCA).
The director of the ministry's Construction Materials Department, Le Van Toi, noted that many cement producers were facing losses due to decreasing consumption and high interest rates. "Many cement producers have had to borrow up to 80% of their total investment capital and that eats most of their profits while interest rates remain high," he said.
Toi said that the Thanh Liem Cement Plant in northern Ha Nam Province had to close its doors due to significant losses, although the plant has not yet declared bankruptcy. Many other plants have cut their capacity sharply. "If the situation continues, the number of cement plants that will have to shut down will surge in the near future," Toi warned.
VCA's chairman Nguyen Van Thien urged cement producers to boost their trade promotion and export heavily in 2012 to deal with the surplus. He expected that the producers could export more than 7Mt of cement in 2012, a massive increase over 2011, when the country exported 1.5Mt. Vietnamese cement is exported mainly to China, Indonesia and Bangladesh, as well as several African and southeast Asian countries.
China's cement growth down, but still high
04 January 2012China: China's cement output growth dropped in November 2011, but was still 6.1% up on November 2010 at 11.2%. State statistics show that China's cement output reached 1.89Bnt in the first 11 months of 2011, an increase 17.2% over the first 11 months of 2010.
Total profits from China's entire building materials industry surged by 53.1% year-on-year to US$38.68b in the first 11 months of 2011.
Cement production up in Romania in first half
26 September 2011Romania: Cement production in Romania were up by 8.1% year-on-year in the first half of 2011 to 3.18Mt. Domestic cement sales increased by 2.4% to 2.95Mt according to data released by the Romanian Association of Cement Producers (CIROM). Romania's cement market is dominated by the local units of Lafarge, Holcim and HeidelbergCement.
Iran's output increases 19%
08 August 2011Iran: Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has announced that Iran produced 23.41Mt of cement in the first four months of the current Iranian year (21 March 2011 to 22 July 2011) showing a 19% rise compared with the same period in 2010.
The report added that Iranian companies produced 6.37Mt in Tir (4th month in the solar calendar, 22 June 2011 – 22 July 2011). Mohammad Hassan Pourkhalil, the secretary of the Cement Industry Contractors Union, stated that Iran exported 0.94Mt of cement in this month. Pourkhalil added that Iran's exports of cement and clinker surpassed 3.40Mt from 21 March to 22 July, showing a 14% growth compared with the same period in 2010.
In June 2011 Iran launched two new cement factories in the provinces of West Azerbaijan and Golestan. Khoy cement factory, which cost USD140m, has the capacity to produce more than 1Mt/yr. Galikesh cement factory, which employs some 210 workers and cost about USD165m, has the capacity to produce more than 3,400t/day.
Chinese industry records massive growth
04 August 2011China: China's cement industry has maintained its rapid growth in production, sales and profits so far in 2011, according to the latest data released by the Ministry of Industry and Information Technology (MIIT).
According to MIIT statistics China produced 198Mt of cement in June 2011, an increase of 19.9% over June 2010. This represents record highs for both monthly cement output and monthly growth rate. In the first half of 2011, China's cement production increased by 19.6% year-on-year to 950Mt.
Cement and clinker exports stood at 5.6Mt during the same period with an export value of USD310m for June 2011, down 35.5% and 14.9% year-on-year respectively.
According to the statistics provided the cement industry witnessed sales of USD50.4bn in the first five months this year with profits of USD5.4bn, up by 48% and an extraordinary 170% year-on-year respectively. Chinese cement production statistics are viewed with skepticism by some in the cement industry, who believe that they may be inflated.
China: CNBM was China's biggest cement producer in 2010 followed by Anhui Conch and Jidong according to newly-released data from OneStone Research.
In China the top 10 cement producers comprised 817.4Mt/yr (34%) of a cement capacity of 2.41Bnt/yr. The market leader with a capacity of 200Mt/yr (8.3%) was CNBM, followed by Anhui Conch with 150Mt/yr (6.2%) and Jidong with 89Mt/yr (3.7%). Next places in the ranking were taken by Sinoma Cement, Shanshui, Huaxin, CRC, Tianrui, TCC (China) and Hongshi.
Companies in the top 11 – 20 rankings included BBMG, Jinyu Group, Lafarge, Yatai and Asia Cement, combining about 9.5% of China's cement capacity. In total the top 20 companies comprised 43.5% of the national capacity.
The only foreign producer within the top 10 besides Holcim (which hold a 39.9% participation in Huaxin) was Taiwan Cement Corp. (TCC) Other major foreign cement producers in China include Lafarge, CRH, HeidelbergCement, Asia Cement Corp., Taiheiyo, Italcementi, Cimpor and Cemex.