Cement News tagged under: Demand

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SFIC: French cement sector to stabilise in 2016

27 January 2016, Published under Cement News

France'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 pricing

15 January 2016, Published under Cement News

China-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 Cement

23 December 2015, Published under Cement News

Earlier 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 COP21

02 December 2015, Published under Cement News

As 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 Indocement

01 December 2015, Published under Cement News

The 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 Indocement

28 October 2015, Published under Cement News

PT 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% YoY

10 February 2015, Published under Cement News

The 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 Indonesia

03 February 2015, Published under Cement News

PT 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...

Africa's grey gold

24 November 2014, Published under Cement News

As investors’ appetite for sub-Saharan Africa (SSA) is whetted and confidence grows, the region offers a positive scenario in terms of future cement demand. While some international majors appear on the back foot, new entrants are keen to gain a foothold in the market and expand their operations in this increasingly-competitive market. By T Hadley, Baobab Advisory sarl, France. Figure 1: per capita cement consumption vs per capita GDP, 1995-2014 Africa’s cement consumption has d...

Spain’s monthly demand advances 5% YoY

18 November 2014, Published under Cement News

Cement consumption in Spain increased by five per cent to 1,037,219t in October when compared with the same period last year, latest data from domestic association Oficemen shows. Despite the industry’s recovery still being far off, October’s advance is the second consecutive monthly rise following September’s 6.1 per cent YoY increase. In the first 10 months of 2014, cement demand  slipped 0.5 per cent YoY to 9,116,872t. Figures for the rolling year show a 2.2 per cent fall.