A slowing global economy coupled with over-supply in Asia’s cement markets is  prompting cement producers to pursue opportunities overseas.   

Siam City Cement (SCCC)  has recently signed an agreement to acquire Holcim (Lanka) Ltd. from LafargeHolcim for $374 million. SCCC has also purchased all shares of Cemex Thailand and Cemex Cement (Bangladesh) earlier this year to strengthen its portfolio. 

While SCCC looks beyond S.E Asia, Siam Cement Group (SCG) continues to build its footprint across ASEAN.  It has completed capacity expansions in Cambodia and Indonesia last year, and expects to finish building its Myanmar plant in 3rd quarter 2016, while Lao’s plant should be operational by early 2017.

In Indonesia, 6 cement factories with a combined annual production capacity of 13.1 million tons will be in operations by 4th Qtr  2016, creating an even larger cement oversupply in Indonesia. Indonesia’s biggest cement producer, PT Semen Indonesia,  is looking offshore as a supply glut damps profits at home. Rizkan Chandra, new President Director of PT Semen Indonesia, said he wants to raise sales outside of Indonesia to 10 to 15 percent of revenue over the next three years from 5.2 percent in 2015. The state-controlled company, which already has operations in Vietnam, may expand into Bangladesh, Sri Lanka and the Maldives. 

There are other bright spots to look out for!  Demand for cement in India is likely to grow by 6 per cent this year and further rise to 7 per cent in 2017-18, with an improvement in infrastructure and housing projects.  In the Philippines, cement maker enjoys strong market debut after Duterte’s infrastructure pledge. Vietnam’s improving construction activities has also boosted domestic cement consumption. 

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• CIMB Thailand analyses the Impact of EU dis-integration on global economy 
• Focused global markets hotspots by  IA Cement
• PT Semen Indonesia shares strategy to maintain/increase market share in an increasingly competitive market! 
• Unique Cement Industries’s insight on the turnaround in Bangladesh’s cement market
• Gypsum Demand & Supply forecast in Asian Cement/Gypsum Board Industries to be addressed by USG Boral Zawawi Group
• Ssangyong Cement Industrial Co. shares insights on the Korea’s cement market outlook and consolidation update
• Fars & Khuzestan Cement provides update on the cement market in Iran and Central Asia
• Ultratech Cement shares promising outlook of India’s cement market
• IFC updates on the Technology, economics & payback on Waste heat recovery for the cement sector
• Discover the current trends in drymix mortar market in S.E Asia from Wacker Chemicals
• Latest update on cement consumption and projects updates in Myanmar, Vietnam and the Philippines 
• Find out more on growing a sustainable cement business in Asia! 

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