Cement News tagged under: cement demand
Deteriorating outlook for Latin American cement, says Fitch Ratings21 December 2022, Published under Cement NewsThe outlook for the cement market in Latin America is deteriorating, according to Fitch Ratings. This is being blamed on softening demand in most markets and persistent cost inflation, which will be partially mitigated by lower energy costs. The expectation of higher interest rates and continued inflationary pressures is expected to curb disposable income, resulting in a cooling off of demand in home improvement and remodelling trends. Lower government stimulus that had allowed for a stro... |
Pakistan cement demand expected to rise in floods aftermath28 September 2022, Published under Cement NewsSindh Chief Minister Murad Ali Shah has stated that the provincial government would start building homes and other civil infrastructures for flood victims as soon the water has receded in Sindh province. The other provinces will follow in their footsteps. Furthermore, Pakistan’s top cement manufacturers expect domestic demand for cement to pick up in 3-6 months, as soon as rehabilitation works are started under aid from various foreign countries and government allocation. The federal governm... |
What's driving Nigerian cement demand?02 September 2022, Published under Cement NewsBUA Cement announced this week that it would seek finance from the International Finance Corp (IFC) for a 6Mta cement expansion of its Sokoto cement plant in Kalambaina, Nigeria. The aim is to make Nigerian cement production more sustainable and reduce the cost of the product, according to BUA Cement. But what other drivers have continued to bolster cement capacity growth in the west African country? While domestic demand has been growing rapidly and caused cement prices to spiral upward, t... |
Alabama hit by cement shortage20 April 2022, Published under Cement NewsOfficials with the Alabama Concrete Industries Association said Alabama saw a 14 per cent increase in the demand for concrete last year, but the current cement shortage might cause some projects to be delayed. "You can't just order concrete today and think you’ll get it next week," President of Alabama Concrete Industries Association, John Sorrell, said. "As soon as cement is made in the mills right now, it is going right into the tankers to be shipped to the ready-mix trucks." Mr Sorr... |
Ethiopian plants warned to fast-track outstanding deliveries06 January 2022, Published under Cement NewsEthiopia's Minister of Mines and Petroleum, Takele Uma, said that the Ministry has cautioned cement factories to use their full potential and fast-track outstanding deliveries of 2.6Mt of cement. According to Takele, "cement factories already owe more than 2.6Mt of cement", resulting in delayed delivery to consumers and having a "direct impact on the cement supply chain, inflation", as well as creating "negative impact on the supply of raw materials." These factories, whic... |
Indian cement demand likely to rise as rains recede06 December 2021, Published under Cement NewsHeavy rains in Tamil Nadu, Kerala, Andhra Pradesh and parts of Maharashtra dragged down cement volumes across sectors at the start of the peak season for the industry which runs from October until May, but c ement companies expect demand and consumption to pick up from December as the rains fade. "Slowly demand is coming back to normal across all sectors. In a week or so we may even see pent-up demand coming back," said M Ravinder Reddy, director at Bharathi Cement told the Business... |
Has Egypt's cement sector turned the corner?24 September 2021, Published under Cement NewsEgypt's cement sector has been battling against the economic tide for a considerable time as overcapacity, the end of energy subsidies and low cement demand has pushed some producers to the edge of existence, while others have become too debt-ridden to survive. However, this week saw better news as the country is launching a significant infrastructure drive and prices of construction materials have risen. Is it this simple to fix Egypt's long-suffering cement sector? It will take a prolonge... |
Top two Indonesian cement producers evolve growth strategies13 August 2021, Published under Cement NewsThis week, CemNet featured a plethora of half-yearly financial reports from leading cement producers, including Semen Indonesia Group (SIG). SIG operates in a domestic market with an industry capacity of 120.5Mta and, even with a leading 42 per cent market share, it is seeing competition increase from new entrants that have added 24.7Mta of cement capacity between 2013-18. To meet this challenge, SIG is poised to embark on a regional expansion, while its nearest domestic competitor is expect... |
New entrants to help meet Nigeria's increasing cement demand30 July 2021, Published under Cement NewsThis week Nigeria has caught attention with announcements of new cement capacity. Not only has Dangote Cement cut the tape on its US$1bn cement plant near Okpella in Edo State, but there has also been an announcement that new entrant Madugu Cement will establish a 5Mta greenfield cement plant in Gombe State. While the country is building its cement capacity at an astonishing rate, cement demand is still outpacing output and the extra capacity is not yet being reflected in lower cement prices... |
Nepal's production utilisation rate is running at half the installed capacity24 May 2021, Published under Cement NewsNepal is estimated to require 25.88Mta of cement by 2024-25 due to an investment push in mega infrastructure projects, according to a new report by Nepal Rastra Bank (NRB). However, the current situation is that Nepalese c ement companies output has failed to meet the installed net production capacity. There is a cement demand for 9.05Mt in the domestic market, but the country has imported 1.56Mt to meet cement demand. There are a total of 55 cement industries in the country, which ha... |