Cement News tagged under: cement consumption
Bangladesh forecasts demand for clinker by 202715 May 2024, Published under Cement NewsBangladesh has estimated a significant growth in demand for raw materials for steel and cement industries by 2027. According to the country's Industries Minister, Nurul Majid Mahmud Humayun, the cement industry's demand for clinker will reach 25Mt for the period while demand for steel is expected to reach 15Mt due to the ongoing boom in infrastructure development. He said procurement of raw materials for these industries will be the key challenge in the future to sustain the country’s eco... |
Kenyan capacity to rise despite stagnant cement consumption10 May 2024, Published under Cement NewsKenya's cement sector is preparing for another cement capacity rise. Devki Group group's Cemtech Ltd subsidiary has submitted the environmental impact assessment report for a new clinker plant to the National Environment Management Authority (NEMA) for review. The project is the latest in a series of new clinker additions to Kenya's market that should see imports come under pressure. Cemtech Ltd's proposed plant will be situated in Mwatsuma, Mwingi Central Kitui County. The total size and ... |
2024: from black swans to green leaders?22 December 2023, Published under Cement NewsThe New Year brings hope for a more “normal” period in the cement markets with a return to profit on the back of favourable price-cost dynamics rather than demand growth. By Paul Roger, BNP Paribas Exane, UK. Figure 1: forecast growth in cement consumption, 2024 (Source: BNP Exane Paribas) The past few years have called into question the usefulness of bottom-up modelling, including yours truly for the global cement industry. It is no hyperbole to say in defence that the world ha... |
Cement companies post a rise in pre-tax profit but face challenges08 June 2023, Published under Cement NewsIn 9MFY22-23, 12 out of the 16 cement manufacturers at the Pakistan Stock Exchange (PSX) reported impressive before-tax earnings. Despite a drop of 18 per cent in total offtake (sales volumes), revenue growth was 26 per cent higher YoY. The local media research team suggests that cement prices have more than compensated for the demand slowdown in the construction industry, leading to strong returns for cement companies. With only a few weeks until the fiscal year ends, if the current tra... |
Brazil bets on housing to revive the market05 May 2023, Published under Cement NewsThe outlook for Brazil's cement market remains uncertain following weak first quarter volumes, with demand falling 1.1 per cent to 14.6Mt over the firhst three months. This follows a lacklustre performance in 2022, when annual demand fell 2.8 per cent to 62.6Mt. The Brazilian cement association, Syndicato Nacional Da Industria Do Cimento (SNIC), has revised down its expectations for 2023 demand, which it had previously indicated would enjoy growth by one per cent to 64Mt. A weakening o... |
Cement dispatches eroded in April due to Ramzan and Eid03 May 2023, Published under Cement NewsAccording to Topline Securities, Pakistan’s total cement sales in April 2023 are expected to fall by 25-29 per cent MoM to reach 2.7-2.9Mt, with local dispatches likely to be down by 28-32 per cent MoM, due to the Eid holidays, economic slowdown and muted construction activity during Ramadan. All Pakistan Cement Manufacturers Association (APCMA) is yet to release official data on cement dispatches (domestic and overseas) for April 2023 and the 10MFY22-23. Total cement dispatches in April... |
Steel shortage may impact the cement industry19 January 2023, Published under Cement NewsThe Pakistan Ship Breakers Association (PSBA) said on 18 January that the shipbreaking industry is on the verge of closure as local banks are reluctant to open letters of credit to import vessels for breaking up (recycling) and as a result, producing raw material for the steel industry. This is expected to lead to an acute shortage of construction steel bars in the country. Therefore , there could be a drastic escalation in construction steel prices and it is anticipated that consum... |
US$8m cement distribution centre planned for Montego Bay28 November 2022, Published under Cement NewsPlans to establish a new US$8m cement distribution centre in Montego Bay, Jamaica, have been put forward by cement importers Buying House Cement. For the last 16 years, Montego Bay company Buying House Cement has been importing cement to meet 10 per cent demand from the Domicem cement plant in the Dominican Republic. Businessman Mark Hart is the chairman of Cargo House Handlers, a publicly-listed company with 30 per cent shares in Buying House Cement. According to Hart, the development... |
Vietnamese cement producers come under pressure21 October 2022, Published under Cement NewsVietnam's cement sector has come under pressure from falling consumption, particularly in its key export markets. Exports of clinker and cement amounted to 24.7Mt in the first 9M22, down 25 per cent in volume and 14 per cent in value YoY, according to the Department of Building Materials (DBM) under the Ministry of Construction. The reasons for the decline in exports, which amounted to 46Mt in 2021, are evident. The two main receivers of Vietnam clinker and cement have reduced their impor... |
Steppe Cement reports 9% increase in revenue in 3Q2207 October 2022, Published under Cement NewsKazakhstan's Steppe Cement Ltd has posted a nine per cent YoY increase in revenue in the 3Q22. Revenue came in at KZT13,071m (US$27.7m) compared to KZT12,045m in the same period last year. In the 9M22, revenue was KZT32,651m, up 13 per cent YoY from KZT28,812m in the 9M21. The company sold 546,327t of cement in the 3Q22, up two per cent YoY. In the opening nine months of this year, sales reached 1,362,407t, down one per cent from the 1,375,464t reported in the 9M21. The average pri... |