Cement News tagged under: market report
India: riding the growth wave21 November 2023, Published under Cement NewsIndia, the world’s second-largest cement market, has demonstrated strong resilience and recovery since the COVID-19 pandemic. The country is now on course for a higher, sustainable demand trajectory and the cement sector is adding fresh capacity as it prepares to ride this new, long-awaited growth wave. The Indian cement industry is at the start of a new chapter as all the key factors align for higher, sustainable growth prospects (© Ganeshkumar Durai) India is set to retain ... |
Egypt: controlling the variables06 November 2023, Published under Cement NewsEconomic headwinds are exerting pressure on Egyptian cement producers and end-users. The cement sector is now playing a game of controlling the variables having introduced a production quota system in 2021 that has helped companies return to profitability. However, the long-term sustainability of this strategy remains doubtful. By Abdelkhalek Mohammed, Prime Securities, Egypt. Over the past two decades Egypt’s cement industry has gone from boom to bust to recovery (© givaga) The... |
Germany’s net zero ambitions09 October 2023, Published under Cement NewsAfter over a decade of steady growth, German construction demand has been dampened due to rising interest rates and high inflation. Despite the challenging conditions, the cement sector is focussing on CO 2 reduction, including the first steps towards carbon capture and storage as one of the major levers to achieving net zero emissions by 2045. By Martin Schneider and Dennis Behrouzi, VDZ, Germany. A net zero CO 2 manufacturing process for German cement is the industry’s goal, wi... |
Foundations for the future19 September 2023, Published under Cement NewsWhile cement demand declined in Turkey in 2022, the country’s cement producers expect to supply the domestic market with significant volumes in 2023 as Turkey rebuilds after the devastating earthquake of early 2023. The industry itself continues to improve its carbon emissions through the use of alternative energy sources. By TÜRKÇIMENTO, Turkey As Turkey rebuilds its housing after the recent earthquakes, its cement industry builds the systems for more sustainable production (© Med... |
Spain’s expectations04 September 2023, Published under Cement NewsWhile 2022 proved to be a year of atypical and complex developments, Spanish cement association OFICEMEN sees upside potential for the domestic cement sector in 2023. However, a snap parliamentary election with no clear majority has made for an uncertain way forward. By OFICEMEN, Spain. Although the Spanish cement industry continues to face uncertainty both in terms of domestic and export sales, it remains confident that it can address future challenges successfully (© OFICEMEN) ... |
Brazil’s way ahead29 August 2023, Published under Cement NewsDespite Brazil’s strong economic performance in 2022, the outlook for 2023 is less optimistic. To reduce economic uncertainty and boost cement demand, the government is being urged to resume investment in infrastructure and housing. Meanwhile, the domestic cement industry has stepped up its pursuit of carbon neutrality. By Sindicato Nacional da Indústria do Cimento (SNIC), Brazil. Brazil’s cement industry is accelerating its pursuit of carbon neutrality (© Votorantim Cimentos) B... |
A new chapter for China15 August 2023, Published under Cement NewsAfter implementing continuous COVID-19 response measures over the past three years, China re-opened its doors to the world in December 2022. Having been impacted by pandemic-related restrictions as well as domestic and international headwinds, the country is now starting a fresh chapter with new obstacles and opportunities ahead. By Fei (Grace) Chen, China Cement Association, China. In 2022 China’s cement industry experienced one of its most challenging times in years and is now embar... |
Uganda’s upturn awaits25 July 2023, Published under Cement NewsDespite Uganda’s cement market remaining flat in FY21-22, expectations are for a revival in demand growth with the introduction of new infrastructure and housing plans. The country’s domestic industry remains reliant on the import of major input materials, including clinker, while the surplus cement situation looks set to continue. By Jagdeep Verma, Holtec Consulting Pvt Ltd, India. While Uganda’s economy contracted in FY19-20, the following two years saw a pick-up that is now leading... |
Progress for Peru?03 July 2023, Published under Cement NewsFollowing a market contraction in 2020, Peru’s cement producers have seen domestic cement demand recover, making significant gains, even when compared to pre-pandemic levels. Company performance remains solid despite higher input costs, and driving the industry towards further optimisation initiatives. By ASOCEM, Peru. Peru’s construction sector expects to see a recovery in 2023, followed by expansion in 2024 as the country leaves its economic, political and social challenges behin... |
Vietnam’s emerging trends27 June 2023, Published under Cement NewsAmid challenging market conditions and higher production costs, energy efficiency and decarbonisation have emerged as key development trends in the Vietnamese cement sector. These measures are helping producers optimise operations as well as reduce energy costs and carbon emissions, all while strengthening competitiveness.By Hai Khieu, FiinGroup, Vietnam. Decarbonisation and energy efficiency are two of the key issues that face the Vietnamese cement industry as the country aims to ... |