06 November 2017
Akhangarancement improves in first nine months 06 November 2017
Uzbekistan: Akhangarancement produced 1.44Mt of cement and 1.04Mt of clinker in the first nine months of 2017. This is 1.8% (25,449t) and 2.9% (29,147t) more than in the same period of 2016. The company also increased cement shipments to final customers by 2.6% to 11.46Mt.
"The plant has consistently increased its production since the beginning of the year. Excellent results were achieved thanks to the well-coordinated work of the whole team, the effective operation of technological equipment and quality repairs," said Gennady Kulikov, Chief Executive Officer (CEO) of Akhangarancement. "Further implementation of measures to improve competitiveness is needed. This includes improving product quality, introducing best solutions and practices, improving labour productivity and minimising costs to reduce product prices."
South Africa: The Public Investment Corporation (PIC) has been steadily increasing its shareholding in cement producer PPC. It now owns a 25.1% stake. In March 2017, the PIC increased its shareholding in PPC to 15.1% and subsequently increased it further to 21.2% in October 2017.
Vietnam has nearly 1.5 times as much cement as it needs 06 November 2017
Vietnam: Vietnam sold 64.6Mt of cement in the first 10 months of 2017, a rise of 4% year-on-year compared to the same period of 2016, according to the Ministry of Construction. Of the sum, 49.3Mt was sold domestically, a 2% year-on-year rise, while 15.3Mt was exported, a rise of 2%.
In October 2017, local firms sold 6.2Mt of cement, including 4.7Mt of domestic sales, and 1.5Mt of exports. As of October 2017, Vietnam had 3.3Mt of cement and clinker inventory, mostly clinker.
At present, Vietnam’s cement output has reached 86Mt/yr, while domestic demand is estimated at only 60Mt. The country is thus predicted to face a surplus of 26Mt of cement overall in 2017, according to the Vietnam Cement Association (VNCA).