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Siam Cement Group (SCG), Thailand's largest industrialconglomerate, will start construction of its first cement plant in Myanmar in the second half of this year after the Myanmar Investment Commissionrecently gave it the green light. The plant has an annual production capacity of 1.7 million tonnes. The cement factory will be located in Mawlamyine, the country's fourth-largest city.
Holcim Philippines Inc. on Wednesday said it received the first approval from its Zurich-based parent to build a $550 million cement factory in Bulacan to head off an expected surged in demand as the economycontinues to grow.
Asia is the catalyst of global recovery. The region is now THE go-to destination for construction investments, namely Myanmar, The Philippines, Malaysia, Laos, Indonesia, Cambodia & etc. Cement investors like Holcim, Cemex, YTL, Siam Cement are among the many who are expanding capacities in one or more of the above countries to meet the growing demand.
Demand for cement in Myanmar is expected to grow exponentially with the country’s thriving construction sector. The government has accorded high priority to infrastructure development projects, ranging from roads, ports facilities, airports, railways, communication systems, SEZ to housing, hotel developments & etc. Cement investors are rushing to tap the golden opportunities; expand their capacities and make inroads to build new plant to meet the supply shortfall. Max Manufacturing is upgrading 2 of its old cement plants from wet to dry process, raising their capacity to 2100 ton/day each. KBZ Industries new 1000ton/day plant will be ready by end of this year. Several other expansions and constructions are underway. Is the cement industry expanding too fast with its many projects? What’s in place to avoid any impact for a nascent industry? What are the foreign ownership restrictions? Is financing too easily available?
Energy cost forms a large part of the input cost for cement production and companies are looking at ways to reduce their energy cost as well as to reduce their carbon footprint. Alternative fuels are becoming part and parcel of the energy mix utilized in cement operation. Hear from cement producers how they maximize alternative fuels in their production.
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Zurich-based Holcim Ltd. has given its Philippines cement subsidiary, Holcim Philippines Inc., the first go-ahead in the $550 million cement plant project in the Bulacan province in Central Luzon, where a steady demand has been observed, especially in the National Capital Region. Obtaining of quotations, project team organization and securing of permit requirements are underway as the company works towards getting the final approval this September.
The cement plant is a timely project that taps on the expected cement surge in Philippines in the next few years as the nation launches several Public-Private Partnership (PPP) projects that will lead to an increase in construction activities. The annual 2.5 million metric tons capacity coming on stream by 2016 will also support other future infrastructure projects following the government’s increase in public funds and rising foreign investments.
Also in talks is the revival of the company’s grinding facility in Mabini, Batangas, which will be ready by the third quarter of this year, and how this facility will help to ensure a steady cement supply amid future demand surge.
Top industry players will convene in Yangon on September 24-25, 2013, at CMT’s 15th Asia CemenTrade for a full update on the region’s projects as well as assessment on cement demand, prospects and challenges. Visit the Event Page for more details.
For more information on the 15th Asia CemenTrade, contact Ms. Grace at firstname.lastname@example.org or Tel. +65 6346 9147.
Siam Cement, the second largest cement maker in the region, has announced a $900 million budget to build new cement plants in emerging nations Myanmar, Indonesia and Cambodia in 2013 to 2015, tapping on the countries’ construction boom.
With the highest cement demand amongst all 10 ASEAN nations, Myanmar, with an estimated potential growth at 20%, is set to become the industry focal point for the next few years as rapid expansions and increasing cement demands are to follow. In addition, cement demand in Thailand and Indonesia is expected to grow by 10%, spurring the industry giant to make plans for a possible raise in investment budget by more than 60% to $1.5 billion after 2015.
Rival company, PT Semen Indonesia also plans to seize this golden opportunity, announcing the building of a $200 million factory in Myanmar in 2014. The factory is expected to bring a 600,000 to 1 million ton annual capacity to the country, reducing Myanmar’s reliance on cement imports which currently stands at about 3 million tons, half of the country’s annual usage.
Major industry players will convene at CMT’s 15th Asia CemenTrade in Yangon on September 24-25, 2013 to assess the market and also update on prospects and challenges of the cement market in Myanmar, Cambodia, Laos, Thailand, India, Indonesia, The Philippines and China.
For more information on the industry meet, contact Ms. Grace at email@example.com or Tel. +65 6346 9147.