11 October 2017
Vietnam cement sales rise in first nine months of 2017 11 October 2017
Vietnam: Vietnam sold 59.3Mt of cement in the first nine months of 2017, a rise of 6% compared to the same period of 2016. The country has now fulfilled 74.1% of its whole-year plan, according to the Ministry of Construction. 45.3Mt of cement was sold domestically, a 4% rise year-on-year, while 14.0Mt of cement was exported.
In September 2017, the country’s cement sales rose by 9.4% compared to August 2017 to 6.7Mt, comprising 5.2Mt of domestic sales and 1.5Mt of exports. As of September 2017, Vietnam had 3.0Mt of cement and clinker inventory, most of which is clinker.
At present, Vietnam’s cement capacity is 86Mt/yr but domestic demand is estimated at 60Mt/yr, a surplus of 26Mt/yr, according to the Vietnam National Cement Association (VCNA).
Gezhouba Shieli invites investors for Kazakh project 11 October 2017
Kazakhstan: Gezhouba Shieli Cement Company LLC is now inviting international banks and financial institutions to support the construction of its planned cement production plant in Kyzylorda region, Kazakhstan, according to Li Jinqing, the company's general manager. Gezhouba Shieli is a thee-party joint venture (JV) between China Gezhouba Group Corporation Limited (CGGC) (50%), China Gezhouba Group Overseas Investment Co., Ltd (20%), a subsidiary of CGGC, and a local cement company (30%).
The cement production line will require a total investment of around US$200m, of which 70% will be funded through bank loans. At present, CGGC is actively in communication with some Chinese banks and financial institutions, including Export-Import Bank of China (EIBC) and China Development Bank Corporation (CDB). The plant is designed to have a production capacity of 2500t/day. It is expected to be operational by the end of 2018.
China Triumph International Engineering Co Ltd (CTIEC) won the engineering, procurement and construction (EPC) contract in April 2017, while its subsidiary Beijing Triumph International Engineering Co., Ltd will take responsibility for design work, according to Qian Yingchun, the project leader at CTIEC. More equipment will be required as construction progresses.
INC sales rise in first nine months 11 October 2017
Paraguay: Industria Nacional del Cemento (INC) sold 9.85 million bags of cement in the first nine months of 2017, representing 74.6% of its total sales in 2016. The aim is to achieve sales of at least 13.5 million bags in 2017, up from 13.2 million bags sold in 2016.
INC’s sales were boosted by a new mill and a new dryer in Villeta. The firm will also be able to use alternative fuels in its kiln from late 2017. The plant will increase its capacity by 45% and will shortly issue a US$500,000 tender for a new cement packing plant at its plant in Villeta to achieve this.