Cement News tagged under: forecast
Uzbekistan plans to produce 9.2Mt in 201819 December 2017, Published under Cement NewsThe government of Uzbekistan has approved a balance of production and consumption of cement for 2018. The country plans to produce 9.198Mt of cement in 2018, with Uzstroymateriali to produce 7.775Mt. Almalyk Mining and Metallurgy Combine’s output is expected to reach 998,000t and other companies some 425,000t. The forecast domestic consumption will surpass 9.534Mt, which will include 370,000t of imports, according to the government resolution “On production and consumption of cement i... |
Positive outlook for 2017 despite rising energy costs06 April 2017, Published under Cement NewsLafargeHolcim, HeidelbergCement and CRH are optimistic about their global outlook in 2017, despite the challenge presented by rising energy costs. Positive output forecasts in developing markets such as India as well as Europe are expected to support demand for petcoke and other solid fuels. Ireland-based CRH said in its 4Q16 earnings call that it expects energy prices to increase this year. Around 60 per cent of its cement-related fuel requirements, which includes petcoke, coal and bi... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
India: ICRA forecasts cement demand to rise 6% in FY1730 June 2016, Published under Cement NewsIndian-based ratings agency ICRA has forecast that domestic cement demand will rise by six per cent in the 2016-17 financial year, the Economic Times reports. It’s assessment for FY18 is for even more rapid growth of seven per cent. Senior Vice President Sabyasachi Majumdar said: "Cement demand growth will pick up to six per cent in 2016-17 and further to seven per cent in 2017-18... during the current fiscal, it is likely to be driven by the pick-up in the infrastructure segment - primar... |
PCA revises down 2016 US consumption forecast30 March 2016, Published under Cement NewsCement consumption in the United States will continue to rise by 3.4 per cent, according to a report from the Portland Cement Association (PCA). This is down slightly compared to its autumn forecast of five per cent. PCA expects 2017 cement consumption will grow at a rate of 4.3 per cent. “The new forecast reflects the implementation of the new multi-year highway bill, Fixing America’s Surface Transportation (FAST) Act,” said Edward Sullivan, PCA chief economist and group vice-presiden... |
Cemex outlines 2016 investment spend08 February 2016, Published under Cement NewsCemex plans to invest US$700m in various maintenance and expansion projects in 2016, according to Fernando González, CEO of Cemex. Of the total sum US$450m will be allocated to plant maintenance while the balance will be invested in expanding its current operations, repositioning of stock and a new plant in Colombia. In 2015 Cemex carried out a cost reduction programme, along with increasing its cash flow and selling assets. This resulted in a gain of US$75m, the first net profit in six ... |
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... |
Subdued demand recovery outlook after 2015 nadir06 January 2016, Published under Cement NewsWhile global cement consumption in 2015 contracted, cement producers can look forward in 2016 to modest gains in demand, but the scenario remains mixed with higher demand unable to raise low capacity utilisation and cement pricing power. By John Fraser-Andrews, HSBC, UK. The year 2015 looks set to mark the first reduction in global cement consumption since 1990 (see Table 1), with HSBC forecasting a five per cent contraction in China (which accounts for over 70 per cent of global demand) ... |
LafargeHolcim 3Q15 results expected to reflect headwinds23 November 2015, Published under Cement NewsLafargeHolcim is due to report 3Q15 earnings on Wednesday, Analysts at Davy Stockbrokers said weak 3Q from the building materials giant will not surprise an already cautious market as many of the company’s key end-markets have deteriorated further with little expected in terms of recovery. "Weaker demand and overcapacity are intensifying price pressure at a difficult time for the group. Merging the world's two largest cement producers was never going to be easy, and macro headwinds make th... |
Pacasmayo expects 5% sales rise in 201525 February 2015, Published under Cement NewsPeru’s Cementos Pacasmayo is positive about the year ahead as it expects sales to rise by five per cent. The company’s general manager, Humberto Nadal del Carpio, attributes the increase to the development of several construction projects in the Latin American country. In the north of the country, the Talara refinery, the northern highway and regional projects are predicted to require around 0.5Mt of cement over the next 2-3 years. In addition, around US$90bn of infrastructure projects wil... |