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InGrau InLight commended at Iconic Awards 2020 07 January 2020
Germany: Concrete furniture manufacturer InGrau has won a commendation at the Iconic Awards for innovative interior design for its InLight concrete ceiling light. The product also received a nomination for the German Design Awards 2020. It is 1.25m long and made of concrete 5mm thick, making it light enough to hang from two invisible wires in addition to its power cable. InGrau founder Jens Maasen told Beton.org that the company’s next project will be the design of 1.5m and 1.75m InLights.
Iran records booming eight-month exports 06 January 2020
Iran: Cement producers in Iran reported growth of 22% year-on-year in exports of cement and clinker over the eight months between 21 March 2019 and 21 November 2019 to 11.4Mt from 9.34Mt. The Financial Tribune newspaper has reported that 37 countries received Iranian cement or clinker over the period. The leading importers of cement were Afghanistan, Uzbekistan, Pakistan, Kazakhstan and Russia. Clinker markets included Iraq, the UAE and China.
New buyer signs Schwenk Namibia deal 06 January 2020
Namibia: China-based West China Cement concluded a sale and purchase agreement for Germany-based Schwenk Zement subsidiary Schwenk Namibia for US$104m on 3 January 2020. The Nambian newspaper has reported that the deal is awaiting clearance from authorities. Schwenk Namibia holds a 70% stake in Ohorongo Cement. Singaporean authorities stopped the sale of Schwenk Namibia to Singaporean-based International Cement Group (ICG) in September 2019 due to the latter’s inability to cover the losses of the Namibian company.
Oruro cement plant reopens 06 January 2020
Bolivia: Empresa Minera Industrial’s 0.1Mt/yr integrated cement plant has resumed operations across both dry lines following a fuel shortage. Tinformas has reported that a natural gas shortage caused the suspension of operations in November 2019 following an attack on a pipeline.
Fortune Business Insights forecasts cement market growth 06 January 2020
India: Market researcher Fortune Business Insights has forecasted market growth of 5.2% in the cement industry to US$463bn in 2026 from US$313bn in 2019. It conjectured that global improvements in road quality and investments in high-grade products will drive growing demand. The industry will meet this demand through advances in cement production and a reduction in the number of companies consolidating operations.
In India, the government’s ‘Housing for All by 2020’ scheme is set to kick-start consumption.
Fortune Business Insights' report is available here.