Cement News tagged under: Demand

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Pacific Cement Ltd completes upgrades to mill

15 January 2018, Published under Cement News

Fiji's longest-running cement manufacturer, Pacific Cement Ltd, has completed major upgrades to its cement mill, according the Fiji Sun. The renovation of the mill means that it can now produce 25tph, an increase compared to the 20-22tph rate seen previously. Sowani Tuidrola, chief executive officer, Pacific Cement Limited, has said that he is confident that the company will be able to meet all local demand. The demand for cement in Fiji has started to increase after the conclusion of the ...

Big Boss Cement launched in Manila

11 January 2018, Published under Cement News

A new cement business, Big Boss Cement Inc, was launched in Manila, Philippines, on Thursday, according to ABS-CBN News. The company plans to use lahar or other volcanic debris to produce cement, since the process requires less heat than conventional raw materials and therefore, will  reduce CO 2 emissions.  The chairman of Big Boss Cement, Henry Sy Jr, also serves as chairman of SM Prime Holdings. "There’s a huge demand for cement. The company believes we should be able to fill in the d...

Riyad Capital: Outlook for Saudi Arabia in 2018

08 January 2018, Published under Cement News

Riyad Capital will present its outlook for the Saudi Arabian cement industry in 2018 at Cemtech Middle East & Africa held between 17-20 February 2018 at the JW Marriott Marquis, Dubai, UAE. Santhosh Balakrishnan, assistant vice president of research, explains to ICR what to expect in the year ahead.  ICR: What impact will the ‘Saudi Vision 2030’ initiative have on the cement industry? Will we see the effects of this plan by 2018, or will it come to fruition later? Santhosh Bala...

ACC Ltd expects demand to stay on course in 2018

28 December 2017, Published under Cement News

ACC Limited expects demand for cement in India to stay on course in the coming year. In its outlook for 2018, the company stated how the plans by the Government of India to boost economic growth and develop 100 smart cities will provide increased construction activity. “[The Government of India] plans to increase investment in infrastructure, as well as expand the capacity of railways and the facilities for handling and storage to ease the transportation of cement and reduce transportation ...

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This 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...

Siam Cement predicts high demand for cement next year

29 December 2016, Published under Cement News

Demand for cement in the Asean region is expected to rise further in 2017, according to Siam Cement Group (SCG) President and CEO, Roongrote Rangsiyopash. Rangsiyopash argued cement demand would benefit from a cyclical upturn in the petrochemical industry and the continuous growth of the construction industry throughout the Asean. Roongrote Rangsiyopash expressed his optimism during the Thai Conglomerate's annual stockholders meeting where he disclosed a registered profit of USD404m fo...

India: demonetisation stalls Indian cement recovery

29 December 2016, Published under Cement News

Cement demand is unlikely to recover for another year due to demonetisation and an increase in prices for diesel and pet coke that has placed cost pressures on most cement makers, according to a report in The Economic Times. In a survey conducted by JM Financial, cement volumes across multiple markets were adversely impacted following implementation of the government’s demonetisation policy in November. The northern and western regions witnessed a 25-50 per cent fall in sales. Some sou...

Russia: market volume down in St Petersburg and Leningrad

13 December 2016, Published under Cement News

For 2016 cement demand in St Petersburg and Leningrad totalled 3.7Mt, falling short of the 4.3Mt estimated for the year in 2015. The main players in these markets are Eurocement Group, with a 58 per cent share, Cesla (18 per cent), Pikalevskaya Soda (14 per cent) and companies of the Eurocement Group in Belarus (six per cent).

India: marking time

28 November 2016, Published under Cement News

While the monsoon has been kind to India this summer and is likely to help a recovery in cement demand next year, India’s cement producers are still marking time as they wait for more sustained, double-digit growth reminiscent of better times in the past. Eyes, and hopes, are set on FY17-18. As the Indian private sector has not yet accelerated its spending all eyes are on the government to support the cement industry with an increased public spending programme Despite being o...

Anhui Conch

19 October 2016, Published under Cement News

Shares in Anhui Conch are being shorted at a level five times higher than that seen earlier in the year, prompting concerns over the future of cement share prices. China’s cement demand is currently being driven primarily by the country’s property market, which some analysts say is starting to cool off after a period of extreme growth. According to figures from the National Bureau of Statistics, however, new construction starts in China rose by 14 per cent in September, marking the fastes...