Cement News tagged under: cement demand
A fragile but positive outlook05 December 2016, Published under Cement NewsWhile South America’s cement markets may have been considerably affected by the economic downturn, the Central American countries of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama are hopeful of a better future. Domestic cement producers are looking for an upturn in cement demand, particularly following recent increases in their production capacities. By Rob Roy, ROI Economic Consulting, USA. In Honduras Argos operates the 1.3Mta Piedras Azules integrated... |
India: demand set to rise in Telangana and Andhra Pradesh09 November 2016, Published under Cement NewsManufacturers in the southern Indian states of Telangana and Andhra Pradesh have said that they expect cement demand to increase by around 20 per cent over the next 2-3 years, reports The Hindu newspaper. “The ongoing infrastructure projects in the two states along with government demand for welfare schemes are expected to drive growth for next two-three years,” said S Sambasiva Rao, executive director, My Home Industries, which sells Maha Cement. Current demand in the two states is es... |
Spain sees demand fall 3.4% in September14 October 2016, Published under Cement NewsSpanish cement consumption contracted 3.4 per cent in September to reach 973,047t, according to the country’s cement organisation, Oficemen. In the January-September 2016 period demand slipped 2.9 per cent to 8.4Mta. Oficemen CEO, Aniceto Zaragoza, has insisted that the situation remains “very delicate” for the sector and he does not expect the situation to change in the next few months. The association emphasised that investment recovery in infrastructure should be a political priorit... |
China: Anhui Conch most shorted stock amid economic concerns07 October 2016, Published under Cement NewsShares in Anhui Conch have become the most shorted on the Hong Kong stock exchange as doubts grow over the sustainability of China’s property boom, Bloomberg reports. Disagreements over the future path of the Chinese property sector have led to Anhui’s shares being shorted at a level five times higher than was the case earlier in the year. While some investors are betting that a cooling property market will bring down the cement firm’s share price, other analysts think the company’s prosp... |
Pakistan: cement sales rise by 3.6% in September07 October 2016, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has announced that cement sales in the month of September rose by 3.55 per cent, reports the Tribune Newspaper. While domestic demand was relatively stable – accounting for around two per cent of the growth – exports, particularly to India, played a key role in sales growth. The APCMA recorded domestic dispatches rose two per cent YoY to 2.54Mt, while exports grew by 11.8 per cent to 0.52Mt. The Association said that a new prope... |
India prepares for the upturn03 October 2016, Published under Cement NewsAfter a strong first quarter, India’s cement demand experienced a setback in April and May. However, monsoon preparations helped the market recover in the following month and the outlook following a good monsoon is positive. Share prices of all Indian cement majors are hitting an all-time high on the stock exchanges, including Mumbai (pictured) as demand for cement looks set to grow by 6-7 per cent in 2016 [Copyright: Big Rolo Images] Following strong growth in the Jan-Mar... |
USA: Lafarge to part-close Joppa plant15 September 2016, Published under Cement NewsLafarge North America has announced it is to close one of the two kiln lines at its Joppa plant in southern Illinois and lay off about 40 workers. The move, reported by local media, has been attributed to weakening demand. A spokesperson for Lafarge said that the cement market had not grown according to its expectations and thus the firm would scale back production. In May 2016 Lafarge scrapped plans to add an extra kiln line at Joppa on the grounds that the two currently in operation ... |
Ghana: recovery anticipated after cement sales fall 3.1% in 201514 September 2016, Published under Cement NewsThe Business & Financial Times reports that domestic cement sales in Ghana fell to 4.13Mt in 2015, down by 3.1 per cent on the previous year. Cement imports reached 2.62Mt, up 6.2 per cent on 2014. The decline was not due to falling demand but instead reflects the ongoing issues with electricity supply, that has disrupted production. The newspaper quotes sources at two of the domestic producers who noted that production recovered as politicians moved to improve electricity supplies ahe... |
Kazakhstan: Steppe Cement 1H loss falls in dollar terms14 September 2016, Published under Cement NewsSteppe Cement has published its financial results for the first six months of 2016. Losses in dollar terms fell to US$1.5m from US$2.2m in the same period in 2015. However, due to a revaluation of the tenge, losses in the company’s operating currency rose from KZT407m (US$1.2m) in 1H2015 to KZT517.5m in 1H2016. Turnover fell by 1.1 per cent to KZT8.2bn, but sales rose 6.1 per cent in volume terms to 0.76Mt. Revenues were hit by a fall in prices, which were down 9.1 per cent to KZT8781/t, ... |
Northern India prices rebound as demand strengthens30 August 2016, Published under Cement NewsCement prices in northern India have risen by around 25 per cent YoY in the period April-July 2016, driven by rising demand, according to the Economic Times. This performance stands in contrast to other regions, where prices have either remained stable or fallen slightly. In the north, prices stood at INR305-345/bag (US$4.55-5.14), up on the same period last year and also higher than the INR225-240 seen in January 2016. Sabyasachi Majumdar, senior vice president, ICRA Ratings, said, “W... |