Cement News tagged under: cement demand
Malaysia – finding its resolve02 June 2020, Published under Cement NewsWithin southeast Asia, Malaysia represents one of the largest consumers of cement per capita. The lacklustre demand trends seen in the past 4-5 years were forecast to ameliorate in 2020 due to an influx of government-backed projects. However, as COVID-19 wreaks havoc on economies and industries, the impact on demand remains to be seen. By Manas Tamotia, LEK Consulting, Singapore. Given that Malaysia’s cement sector was showing a resolve to rationalise and yield long-term value, LEK... |
Taiwan Cement expects stronger 2H2020 May 2020, Published under Cement NewsTaiwan Cement Corp gave a positive outlook for its core businesses this quarter as the cement market appears to have emerged from the shadows of the COVID-19 pandemic in China. Chinese construction started to resume in March and appeared to have mostly returned to normality last month, bolstering the company’s selling prices and output in the current quarter to levels similar to the same period last year, said Taiwan Cement President, John Li. The second quarter might turn out stronger t... |
BCMA reports 46% fall in domestic cement sales18 May 2020, Published under Cement NewsThe current demand for cement in Bangladesh has declined drastically as construction projects have been halted following COVID-19 lockdown, according to the Bangladesh Cement Manufacturers Association (BCMA). Cement sales dropped around 46 per cent in April following serious disruption in construction, according to the BCMA. The manufacturers saw a severe fall in sales, despite expecting double-digit growth in 2020 after achieving above seven per cent growth in previous year. BCMA Presid... |
Lafarge Cement Zimbabwe Ltd expects 30% decline in cement volumes in 2Q2018 May 2020, Published under Cement NewsLafarge Cement Zimbabwe Ltd said business volumes had declined considerably due to low demand amid the COVID-19 pandemic. The LafargeHolcim subsidiary said the lockdown will have an inevitable impact on volumes for the second quarter in 2020. "It is projected that 2Q2020 volumes will decline by 30 per cent with the possibility of spill over risks impacting the second half of the year," the company said in its first quarter trading update for 2020. "The ripple effects of the lockdown and b... |
Egyptian cement demand falls almost 10% in April15 May 2020, Published under Cement NewsThe Egyptian cement industry's sales volumes for April, excluding exports, dropped 9.7 per cent MoM and 13.4 per cent YoY. Moreover, local sales witnessed almost the same level of drop of 9.2 per cent MoM and 12.6 per cent YoY, respectively. The cement demand fell during April and May as construction activity slowed, impacted by the ongoing coronavirus containment measures and Ramadan. Egypt's cement industry has for some time been struggling with a supply glut of more than 40 per cent, wh... |
PCA: US cement consumption to sustain growth into 202206 February 2020, Published under Cement NewsThe Portland Cement Association (PCA) has held a press conference at the 2020 World of Concrete in Las Vegas, Nevada, where PCA Senior Vice President and Chief Economist, Ed Sullivan, predicted cement consumption to stay at moderate growth levels through 2020-21 and into 2022. PCA Market Intelligence expects cement consumption will grow by 1.7 per cent in 2020. The potential for stronger-than-expected construction in residential construction could add one full percentage point to this out... |
Lafarge Zimbabwe sees cement demand drop 19%29 November 2019, Published under Cement NewsLafarge Zimbabwe has seen a 19 per cent decline in cement consumption. Flora Chinhaire, Lafarge Zimbabwe Company Secrtary reported that hyper-inflation in the country had impacted demand. The Zimbabwe National Statistics Agency's inflation rates for September 2019 saw a 350 per cent rise YoY. “The operating environment in the second half of the year continues to be challenging for the business as the effects of hyperinflation become more evident due to cost inflation caused by devaluation... |
Pakistan defers axle load and CNIC issues04 November 2019, Published under Cement NewsThe Pakistani government is deferring two issues that had earlier caused a negative impact on the country's cement industry: the axle load and documentation of sale over PKR50,000/t (US$321/t). Two major issues – axle load and documentation of sale beyond PKR50,000/- (US$321/-) (the condition of submission of Computerised National Identity Card) are being deferred. Axle load issue Pakistan's Prime Minister, Imran Khan, has asked the Frontier Works Organisation (FWO) to defer the implemen... |
Profitability review 1QFY19-20 of nine top Pakistan companies01 November 2019, Published under Cement NewsPakistan research house Spectrum Securities Ltd, while reviewing nine top cement companies' performances for the 1QFY19-20, has concluded that cement sector continues to be in turmoil, due to the shrinking construction activities, higher interest rates and excess installed capacity. Therefore, during the first quarter of FY19-20, the sector posted a net loss. Analysts from Spectrum Securities Ltd observed that in the 1QFY19-20, industry sales fell by six per cent YoY to PKR52.734bn (US$338... |
Pakistan cement industry's future outlook10 September 2019, Published under Cement NewsThe margins of the Pakistani cement industry remain under pressure in FY19 and this trend is likely to continue in FY20 on the back of poor demand, higher coal prices and interest rates, lesser allocation for development projects, and competition in local and overseas markets. Reviewing the industry performance, experts observed in the local media that the industry started making expansion plans soon after the then-government signed CPEC agreements with the Chinese government in anticipa... |