Cement News tagged under: cement consumption
Bangladesh cement industry growing with good pace02 April 2019, Published under Cement NewsCement production in Bangladesh has increased at a healthy rate in the last few years, according to a report by a local cement company. In FY2017-18 domestic output grew 9.4 per cent YoY to 28.43Mt while the year prior it expanded by 10.2 per cent YoY to 26.03Mt. The report adds that the cement industry in Bangladesh is playing a very important role in the development of physical infrastructure in the country's growing economy. In 2017 total active plant capacity reached about 50.2Mta. By ... |
SNIC reports rise in February sales but warns of uncertainty13 March 2019, Published under Cement NewsCement sales in Brazil increased by 6.4 per cent YoY to 4.1Mt in February 2019, according to the country's cement association, SNIC. According to SNIC President, Paulo Camillo Penna, last month's results were directly influenced by the comparison of working days. "February's performance was increased by just two working days more than in February 2018 due to the carnival holiday. If we analyse the sales per working day the result of February is 3.2 per cent lower than the same month last ... |
Kenya's cement consumption drops to 5.49Mt in 201813 March 2019, Published under Cement NewsKenya's cement consumption dropped for the second year in a row to 5.49Mt n 2018, according to Kenya National Bureau of Statistics (KNBS). The decline in cement consumption comes despite ongoing public infrastructure projects such as roads and phase two of the Standard Gauge Railway (SGR) as well as continued development of buildings in the country. Last year's reduced consumption forced cement producers to cut production by 8.6 per cent to 5.63Mt from a high of 6.7Mt in 2016. "The firs... |
Chilean cement sales up 8% in January13 March 2019, Published under Cement NewsCement sales in Chile, excluding imports, advanced by 7.6 per cent to 350,122t in January 2019 when compared to January 2018. In January 2018 sales by domestic producers reached 325,288t, according to the Chilean Chamber of Cement and Concrete (CChC). |
Saudi megaprojects unable to halt cement demand decline in 201921 February 2019, Published under Cement NewsSaudi Arabia’s high-profile large-scale project will be unlikely to halt a fall in cement demand in 2019, according to Al Rajhi Capital. The third-quarter of 2018 saw sales volumes decrease by 13 per cent YoY with average sales prices remaining week despite the price hike in the fourth quarter experienced by some cement producers. In 2019 this decline in demand is expected to continue as the government’s capital spending remains limited and construction costs rise. The research house for... |
Puerto Rican cement sales increase 3% in January13 February 2019, Published under Cement NewsCement sales in Puerto Rico increased by 3.3 per cent in January 2019 when compared with January 2018, according to news service Sin Comillas. The latest rise represents the 13th consecutive increase in monthly sales. In 2018 sales surged by 38.9 per cent, the first annual increase since 2012. |
Scotiabank forecasts 6% growth in Peru’s cement demand04 February 2019, Published under Cement NewsCement consumption in Peru is predicted to expand by around 6.5 per cent in 2019, according to Scotiabank. The bank attributes the third-consecutive annual rise to a higher level of real estate investment. This positive evolution would be supported by increased private and public investment expected for this year, said Carlos Asmat, senior analyst of the Department of Economic Studies of the bank. "Private investment would grow partly driven by the performance of mining investment during 2... |
Spain's cement demand up 9% in November22 January 2019, Published under Cement NewsSpain’s cement consumption index (IDC) noted a 9.2 per cent YoY increase in November 2018, according to the Spanish cement association, Oficemen. MoM a 2.4 per cent decrease was reported. Between December 2017 and 2018, 13.4Mt of cement was sold – 1.1Mt more than in the equivalent period of the previous year. While consumption levels remain low – similar to the level noted in 1967 – they continue to rise. “We look with optimism at the investment growth contemplated by the Ministry of Deve... |
Bangladesh cement industry to expand despite rise in raw material costs21 January 2019, Published under Cement NewsThe Bangladeshi cement industry is expanding its capacity despite increases in raw material costs. In 2017 the effective capacity of active plants stood at about 50.20Mta, which is estimated to reach about 65Mta by 2019, according to the annual report of MI Cement Factory Ltd. Cement consumption stood at about 27.1Mt in Bangladesh last year. But despite the huge growth of the industry, Bangladesh is still one of the lowest consumers of cement products in the world. The demand is expected ... |
Kenya's cement consumption drops by 15% in 9M1815 January 2019, Published under Cement NewsKenya is stuck in a spiral decline of cement demand with sales continuing to plumit in the first 9M18. According to official data the country's cement consumption fell by 113,096t to 4.13Mt in the first 9M18, compared to 4.24Mt in the first 9M17. Narendra Raval, chairman of Devki Cement group, said: "Cement sales are down 15 per cent." There are various reasons for the decline including a wave of countrywide demolitions that have discouraged new investment. "The main reason is people are... |