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FCT makes global appointments
Written by Global Cement staff
22 June 2016
US: Adriano Greco will become the CEO of FCT Inc from 1 August 2016. Greco became the company’s US-based sales director in early 2016. Greco has previously acted as managing director of Greco and as sales director for Gebr. Pfeiffer.
Other staff movements at FCT Inc include the appointment of Ricardo Costa as a technical director based in Brazil. The company will also open a new office in Florida to support its development in the Latin American market. Elsewhere in the group, Joel Maia has joined FCT as the technical director of its European subsidiary, FCT GmbH.
Li Quanhua resigns from Huaxin Cement
Written by Global Cement staff
22 June 2016
China: Li Quanhua has resigned as the vice president of Huaxin Cement due to personal reasons. His letter of resignation was submitted on 18 June 2016 and has immediate effect. The board of directors have expressed their thanks to Li Quanhua for his contribution to the company.
Dungsam Cement waiting for Indian market to pick up 21 June 2016
Bhutan: Dungsam Cement is waiting for the market to improve in India following announcements of infrastructure development from the government. The latest budget in the neighbouring country is expected to boost demand for cement and steel in the north-eastern region of India and in Bhutan. The cement producer made a loss of US$10.9m in its last financial year, according to the Bhutan Broadcasting Service.
“We are eagerly waiting for the release of the development budget. We have 593 hours worth of cement silos full and waiting to be dispatched in the northeast,” said Dungsam Cement’s CEO, Dorji Norbu.
Nepal: Cement producers in Nepal are upgrading their plants in preparation for the start of operation by a number of foreign owned cement companies. Dhruba Thapa, the president of the Cement Manufacturers' Association of Nepal (CMAN), said that the imminent ‘invasion’ by foreign cement producers has led to unease amongst local producers, in comments to the Kathmandu Post
Dangote Cement from Nigeria, Hongshi and Huaxin from China and Reliance Cement from India have all been granted clearance to start operations in Nepal. Their combined foreign direct investment amounts to US$1.45bn and their proposed output stands at 22,000t/day.
Local projects include Cosmos Cement’s plan to build its first clinker plant. It is expected to start production in the second half of 2016. At present the cement producer operates two cement grinding plants with a combined capacity of 800t/day. It is also upgrading the capacity of these plants to a total of 2000t/day.
Arghakhanchi Cement has announced that it will nearly triple its capacity to 3000t/day by the end of 2017. At present the plant has a production capacity of 1200t/day. Agni Cement Industry has planned to set up a new plant with a daily capacity of 1200t/day. Currently, its capacity is 300t/day.
Domestic demand for cement is 5.5Mt/yr and production is 4.6Mt/yr according to CMAN. Domestic cement manufacturers claim that they have become able to meet 80% of the country's requirement with a capacity utilisation of 50 – 60%. However, foreign investors have said that there is unexplored potential demand for cement in Nepal as infrastructure development grows. Local producers have countered this claim, saying that foreign direct investment has been promoted by offering foreign investors more tax incentives than what domestic producers receive.
Cement production expected to increase in Colombia 21 June 2016
Colombia: Cement producers are reacting to a boom in infrastructure projects in Colombia by increasing production and upgrading existing production capacity. Demand for ordinary Portland cement is expected to grow in the short-term due to the government's 4G roads programme and the growth of the housing sector. Current expansion projects in the country include Cementos Argos’ new 1.4Mt/yr plant at Sogamoso in Boyaca and Cemex’s 1Mt/yr cement plant at Maceo in Antioquia.