Cement News tagged under: Supply & Demand
Steppe Cement sees revenue up 1% in 202012 January 2021, Published under Cement NewsKazakhstan’s Steppe Cement has reported a one per cent increase in revenue to KZT30.96bn (US$73.59m) in its preliminary update for 2020. However, cement sales volumes declined 4.1 per cent YoY to 1.645Mt from 1.715Mt in 2019. The average ex-factory price in 2020 reached KZT15,760/t, compared with KZT14,885/t in the previous year. "In 2020, cement market consumption in Kazakhstan increased by six per cent to 9.4Mt from 8.9Mt in 2019," said the board. Steppe Cement's local market share wa... |
Hama Cement sees cement production reach 1.06Mt in 202011 January 2021, Published under Cement NewsThe Syrian Co for the Manufacture of Cement and Building Materials (Hama Cement) has reported 1.06Mt of cement production for 2020. Clinker production also reached 714,000t during the year, according to the Syrian Arab News Agency (SANA) . Ali Ja’abo, general manager, noted that the technical and production teams at the company have created new working methods, equipment and devices that have proven their efficiency, which contributed to reducing costs and increasing the production. As a ... |
Vietnam's cement and clinker sales rise 2% in 202011 January 2021, Published under Cement NewsVietnam’s total sales of cement and clinker has been estimated at 101.5Mt for 2020, representing a rise of 1.5 per cent over 2019. According to a report by SSI Research, domestic cement demand is forecast to increase around 5-7 per cent this year compared to 2020. The increase in domestic sales is expected due to infrastructure investment, foreign direct investment into the country and the recovery of the real estate market. Elsewhere, Vietnam Cement Corp (VICEM) has also outlined its ... |
Great expectations?05 January 2021, Published under Cement NewsWhile the start of 2020 saw optimism, COVID-19 quickly altered the view of even the most ardent optimist. As cement demand tumbled with construction sites going silent so did the sector’s initial confidence. However, at the end of the year, cement markets are recovering and there are expectations that 2021 may turn out better than initially thought. By Paul Roger, Exane BNP Paribas, UK. Figure 1: YoY cement consumption growth, 2021E What a 12 months it has been for the global ce... |
Philippines: poised to rebound?02 December 2020, Published under Cement NewsHaving being one of southeast Asia’s strongest performers in recent years, the Philippines construction and cement industries have been hit by the impact of COVID-19 during the 1H20. However, the easing of restrictions, some positive economic indicators and pent-up demand could lead to cement consumption bouncing back in 2021. By Jagdeep Verma, Holtec Consulting, India. Holtec India endeavours to examine the impact of COVID-19 on the Philippines cement industry and share its views ... |
Saudi: a belief in brighter days17 November 2020, Published under Cement NewsSome of the shine has been taken off Saudi Arabia’s cement market as a result of the COVID-19 pandemic and lower oil prices. However, the sector remains relatively healthy and the housing market is expected to continue driving demand, while the implementation of mega projects could be a game-changing catalyst. By EFG Hermes, Saudi Arabia. Saudi Arabia’s long-term potential trumps short-term challenges Despite the COVID-19 shock, cement demand in Saudi Arabia is expected to grow ... |
Iran's cement production rises 14% YoY17 November 2020, Published under Cement NewsIran's cement production in the first six months of the year (starting in March 2020) rose 14.4 per cent YoY to 35.63Mt, compared with 31.15Mt in the year-ago period, according to data provided by the Ministry of Industry, Mines and Trade. According to the Islamic Republic of Iran Customs Administration (IRICA), in the first five months of the current Iranian calendar year it has exported 5,847,201t of cement, worth more than US$127.9m, to 28 countries. India, Afghanistan, Russia, Iraq... |
India: beyond the headwinds03 November 2020, Published under Cement NewsIndia has become the second-worst affected country by the COVID-19 health crisis. Consequently, construction activity has taken a hit and cement demand saw a dramatic collapse in the April-June 2020 quarter. As the pandemic continues to play out, ICR assesses the impact on domestic cement producers and prospects for recovery. As COVID-19 exerts unprecedented stress on India’s cement industry, ICR looks at the latest available data to date for the April-June 2020 period and... |
Côte d’Ivoire: year of uncertainty19 October 2020, Published under Cement NewsWith COVID-19 affecting economic activity throughout sub-Saharan Africa, the cement market in Côte d’Ivoire faces a particularly uncertain year as presidential elections and a political crisis add further factors of volatility to the sector. In addition, new plant projects provide extra capacity in an industry that is already subject to over-capacity. By Limak Holding, Turkey. The cement market of Côte d’Ivoire continues to provide some opportunities going forward, but overcapacity... |
Tajikistan reports 4% rise in cement production09 October 2020, Published under Cement NewsTajikistan has produced more than 2.8Mt in the first eight months of 2020, representing a rise of 3.5 per cent YoY over the 8M19. There are 13 companies currently producing cement in the country, with an estimated annual capacity of 4.7Mta. |