Cement News tagged under: demand
Anhui Conch25 May 2016, Published under Cement NewsChina’s cement producers, such as Anhui Conch, will be breathing a sigh of relief at government plans to commit CNY4.7trn (US$720bn) to infrastructure projects over the next three years. Over 300 transport projects have been earmarked to receive funding including improvements to the country’s high-speed transport networks and inner-city links. Almost CNY77bn is being spent on aviation infrastructure including 11 key construction projects and 52 upgrades of existing facilities. The announceme... |
Austrian cement demand up 4% in 201512 May 2016, Published under Cement NewsThe Austrian cement market expanded by four per cent to 4.6Mt in 2015 and generated a turnover of EUR388m. Exports rose 15 per cent to 446,000t while imports fell 11 per cent to 832,600t. The gains in the domestic market were achieved despite difficult conditions. Although housing construction increased early on in the year, by mid-2015 this growth had come to a halt. Housing completions reached 52,000. However, a turnaround in the housing sector is expected for 2016 and combined with a... |
SFIC: French cement sector to stabilise in 201627 January 2016, Published under Cement NewsFrance's cement sector in 2016 is showing "some signs of optimism" and pointing therefore to a stabilisation of the markets after eight years of decline thanks to a pick-up in the housing segment, said Raoul de Parisot, president of the Syndicat français de l’industrie cimentière (SFIC). In 2015 the market contracted around 1Mt with consumption falling from 18Mt to 17.1Mt. In the 2007-15 demand dropped by around 30 per cent. “Our plants have capacity rates of between 65-70 per cent, which... |
China: BBMG Corp expects lower profit on weaker cement demand and pricing15 January 2016, Published under Cement NewsChina-based BBMG Corp said it expects to record a 10-22 per cent decrease in net profit attributable to shareholders for the year ended 31 December 2015 compared to a year earlier. The fall in net profit is mainly attributed to the slowdown in macroeconomic growth and cement production overcapacity in the areas where the group operates, leading to sluggish demand and reduced selling prices versus 2014. Therefore, it recorded a significant decrease in the operating results for its cement seg... |
Dangote Cement23 December 2015, Published under Cement NewsEarlier this month, the Nigerian government announced its biggest budget ever with US$30.1bn (NGN6trn) earmarked for the 2016 fiscal year. Representing a 15 per cent rise on the 2015 budget, it will come as welcome news to the country’s cement producers, such as Dangote Cement, that a healthy slice of this is to be spent on infrastructure projects. Despite a slump in the price of oil, which accounts for 70 per cent of the Nigerian government revenue, the country’s National Bureau of Stati... |
Demand for fossil fuels set to decline as investors consider world’s fuel choices at COP2102 December 2015, Published under Cement NewsAs the word’s decision makers are preparing to gather at the COP21 climate talks in Paris, investors consider the long-term prospects and risks of the fuel choice made in power generation and other industries. Allianz, Europe’s biggest insurer, has said in support to COP21 that it will reduce its coal investments and double its renewables spending from about EUR2bn (US$2.1bn). The move is to “send a signal to our branch and to capital markets,” said Allianz’s chief investment officer, Andr... |
PT Indocement01 December 2015, Published under Cement NewsThe Indonesian cement market is expected to grow by 3-5 per cent in 2016, according to PT Indocement. Government infrastructure projects are predicted to lead to strong concrete and bulk cement demand with several new players due to enter the market. Devaluation of the rupiah has been a challenge for Indonesia’s cement producers through 2015, offsetting any gains from lower electricity costs, and is predicted to continue to weaken into 2016. However, according to PT Indocement, its new br... |
PT Indocement28 October 2015, Published under Cement NewsPT Indocement, along with the country’s other cement producers, will be hoping that the latest foreign direct investment (FDI) announcement from the Indonesia Investment Co-ordinating Board (BKPM) will spur on infrastructure investment, leading to an increased demand for cement. FDI into Indonesia grew by 18.1 per cent YoY in 2Q15 to US$6.86bn, according to BKPM. It is hoped that the steady inflow of FDI will help boost the country’s economy which slowed in terms of growth to a six-year... |
Argentina: January domestic sales up 2% YoY10 February 2015, Published under Cement NewsThe Argentine cement market expanded by four per cent MoM and 1.9 per cent YoY as domestic sales reached 927,510t in January 2015, according to the latest figures released by AFCP, the country’s cement association. Imports increased from 163t to 227t. However, exports in January fell by 21.9 per cent when compared with January 2014 to 16,705t and by 27 per cent in comparison with December 2014. |
Semen Indonesia03 February 2015, Published under Cement NewsPT Semen Indonesia has revealed plans to spend IDR7-9trn on capital expenditure in 2015, up by IDR3trn on 2014’s figure. Around IDR5trn has been earmarked for two new plants, one in Rembang in Central Java, which is due to start operations in 4Q16, and another in Indarung in West Sumatra, which is due to begin production in 1H16. The two new plants will add 6Mta capacity to the company’s current 31.8Mta. An additional IDR1-2trn has been allocated for upgrading packing plants with a further I... |