Cement News tagged under: Supply & Demand
Kenya's cement exports decline 65% in 1H1922 August 2019, Published under Cement NewsKenya’s domestic cement exports have recorded a 65.3 per cent decline in value to KES362.28m (US$3.5m) in the first six months of the year, against KES1.04bn in the 1H18, according to preliminary cement exports statistics from the Central Bank of Kenya (CBK). The country’s cement exports have been declining since 2015, with the decline attributed to new grinding plants and brownfield grinding expansions in Uganda and Tanzania, reports Business Daily. "A lot of Kenyan cement was supplyi... |
Sailing through high seas06 August 2019, Published under Cement NewsPakistan’s cement producers are sailing through high tides as domestic demand succumbs to macroeconomic pressures, manufacturing costs rise and utilisation levels look set to weaken with the addition of new capacities. Exports are providing a much-needed cushion, as is the shift towards reducing costs and improving operational efficiencies. By Syeda Humaira Akhtar, BMA Capital Management Ltd, Pakistan. Against a backdrop of lower domestic demand and higher production costs, Pakistan p... |
PNG’s Mayur transformation29 July 2019, Published under Cement NewsMayur Resources recently announced plans for the construction of Papua New Guinea’s first integrated cement and quicklime plant. Located 25km north of Port Moresby, the country’s capital, the facility will support the government’s programme to add value to the nation’s vast mineral wealth. By Mayur Resources, Australia. Mayur Resources’ new cement plant will reduce Papua New Guinea’s dependence on imports and lower domestic cement prices, supporting infrastructure development in th... |
Nepal: the road to exports22 July 2019, Published under Cement NewsWhile cement demand in Nepal is forecast to show significant expansion in the future, the rapid build-up of production capacity is outstripping future domestic consumption growth. Therefore, Nepali cement producers are expected to increasingly address the challenge of exporting their products further afield. By Dhruba Thapa, Cement Manufacturers’ Association, Nepal. The Nepali government is embarking on a major urbanisation programme as well as road construction and large-scale irr... |
Iran: supporting growth01 July 2019, Published under Cement NewsFollowing rapid growth Iran’s cement capacity is forecast to reach 100Mta by 2021 and 120Mta by the end of the country’s 20-Year Vision Plan in 2025. Key infrastructure and housing projects as well as new export markets are expected to provide the demand required to support the continued expansion of the domestic cement industry. By Hamid Reza Tajik, ICEM Co, Iran. Iran’s cement industry has rapidly expanded in recent decades and is on course to support the country’s 20-Year Vision... |
Kenya’s cement conundrum03 June 2019, Published under Cement NewsWhile recent times have seen the Kenya cement industry expand and new players arrive, the sector now faces a conundrum. While economic and construction forecasts indicate sound cement demand going forward, cement overcapacity has led to price pressures that show no sign of abating and which are affecting the bottom line of market players. A wave of industry consolidation in the short- to medium term cannot be ruled out. By Lisa Kimathi, Standard Investment Bank, Kenya. Despite forecas... |
Time for a Brazilian adventure?28 May 2019, Published under Cement NewsFollowing the entry of Titan Cement into Brazil in 2016, fellow multinational cement producers Vicat and Buzzi Unicem have recently stepped into the local cement market despite the country’s falling cement demand last year. Others may follow this trail if Brazil’s cement market shows further signs of growth in 2019, but timing will be key. While cement demand declined in 2018, forecasts for 2019 indicate better times ahead Brazil remains one of the largest cement markets in the ... |
India’s return to stability22 May 2019, Published under Cement NewsWhile India’s cement consumption saw a strong double-digit advance in 2018, such rates are unlikely to be sustainable and expectations are that consumption growth will moderate to more stable levels in 2019. Gradual improvements in capacity utilisation rates and input costs are also on the cards, while the outlook for prices still remains unclear despite an upswing in some regions at the start of this year. The Indian market is expected to moderate to more stable levels of growth in 2... |
Like the Big Muddy10 May 2019, Published under Cement NewsThe US Central Plains area is a key US cement market with demand following a slow but steady course, much like the Mississippi River that flows through it. However, recent years have seen dramatic shifts in the ownership of several cement producers and the modernisation of the industry. By Rob Roy, ROI Economic Consulting, USA. The Mississippi River system provides the domestic cement industry with an efficient transportation system to ship its final product to some of the country’... |
Russia: time for change15 April 2019, Published under Cement NewsWhile Russia’s economy has stabilised following several years of recession, domestic cement demand is expected to only return to growth in 2020. Meanwhile, trading volumes have also softened as cement imports and exports continue to decline on the back of lower demand from domestic and key export markets. By Aleksei Semenov, GS-Expert LLC, Russia. The construction of office and administrative buildings rose by 25 per cent YoY in 2018 although the major office market of Moscow exper... |