Cement News tagged under: Supply-Demand
JK Cement chairman says consolidation will help correct oversupply issue16 March 2018, Published under Cement NewsYadupati Singhania, chairman of JK Cement, has stated that consolidation will help correct the supply overhang in the cement industry, according to The Economic Times. "Consolidation in a way is good for the industry as it will take care of the excess supply," he said. "Today, there is at least 25 per cent excess supply as compared to the demand. This overhang is not good and it is the reason why you don't get the right price for your products." New capacity While consolidation may be g... |
Cement consumption rises in Indonesia in February15 March 2018, Published under Cement NewsDomestic cement consumption in Indonesia rose 5.2 per cent YoY to 4.79Mt in February 2018, supported by an increase in cement demand on the islands of Sumatra and Kalimantan, according to Indonesia Investments. Kalimantan recorded a 16.4 per cent YoY uptick in cement demand, with sales volumes reaching 345,000t. This has been attributed to the construction of the Samarinda-Balikpapan toll road, as well as strategic power plant and port projects. Cement sales in the country reached 10.... |
ACC and Ambuja to supply discounted cement to each other13 March 2018, Published under Cement NewsACC Ltd and Ambuja Cements have agreed to supply cement to each other at a discount, according to Bloomberg. The agreement also covers the supply of clinker, fuel, fly ash, slag and gypsum. According to the pricing formula, either company would receive a five per cent discount on the average net selling price. Cement prices in India Cement prices have fallen across India in March, according to the Kotak Institutional Equities’ dealer survey. Prices have decreased by INR9/bag (US$0.14/bag... |
Industry sales in Pakistan grow by 4% in 1HFY1805 March 2018, Published under Cement NewsThe profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase in the international coal prices and a lower cement retention cost. In the 1HFY18, industry sales grew by four per cent YoY to PKR134.03bn, while cement dispatches recorded a growth of 12 per cent to 19.6Mt. However, this did not result in the topline growth of the sector due to a lower retention price in the north... |
Vietnam slows down cement capacity development29 December 2016, Published under Cement NewsThe Vietnamese cement sector has 20Mta overcapacity and must now slow down the pace of investment into new cement production, the government has decided. Vietnam’s cement industry development plan 2011-20, which was approved by the Decision 1488/QD-TTg in 2011 and which has until now supported the development of the industry, will be replaced by a new plan in response to current market conditions. After five years of implementation since 2011, the Prime Minister has agreed to take 14 c... |
Argentine provinces experience supply shortages30 September 2015, Published under Cement NewsCement suppliers in Mendoza province in Argentina have started importing cement from Chile due to a continued and deepening cement supply crisis in recent months. Those that have already been granted permission from the Argentine tax agency to do so are already importing 50kg sacks from the country. Holcim recently told the local branch of Argentina's construction sector chamber that it was going to be able to resume its normal level of production shortly, after one of its mills was due t... |
Vietnam cement stocks rise to 4Mt in Jan-Oct19 November 2012, Published under Cement NewsVietnam’s cement inventory rose by 51.3% YoY to 4Mt in the first 10 months of 2012, including 1.4Mt of Vietnam Cement Industry Corporation (Vicem), according to the country’s Ministry of Industry and Trade. The economic slowdown and the government’s policies to cut public investment were the main reasons for the huge inventory, said Tran Van Huynh, chairman of the Vietnam Building Material Association, part of the Ministry of Construction. In addition, the stagnant real estate market has ... |
Bangladesh industry consolidation gathers pace07 August 2012, Published under Cement NewsCement sector consolidation in the Bangladesh industry is set to gather pace as more than 70 smaller cement factories have folded operations in the past 12 years having lost ground to larger players. According to a report in the Financial Express (Bangladesh) more are on the verge of shutdown as tight bank loans for smaller factories and massive investments by local and global players have accelerated the closure of units with capacity below 6000t. "It's like a story of big fish gobbli... |