Cement News tagged under: Supply-Demand
ICRA expects Indian demand growth to slow28 June 2019, Published under Cement NewsIndian ratings agency ICRA is expecting cement demand growth in the country to taper to about seven per cent in the FY19-20, down from 13 per cent in the previous fiscal. The slow execution of infrastructure projects and availability of labour due to the general elections have both been issues, according to Sabyasachi Majumdar, senior vice-president of ICRA. In the upcoming September quarter, demand is expected to be low as a result of the monsoon season. However, consumption is foreca... |
Dungsam Cement reduces losses in 201824 May 2019, Published under Cement NewsBhutan’s Dungsam Cement Corp Ltd (DCCL) has reported the narrowing of its losses to BTN30m (US$430,624) in 2018 from BTN720m in the previous year. The company has attributed the improved results to an uptick in cement production from 200,000t when its plant was commissioned in 2014 to 633,000t last year. The company now aims to make its maximum profit in 2019 and eradicate its losses, according to BBS News. The company mainly supplies to the country’s hydropower projects, delivering 291,79... |
Pakistan records 6% fall in cement production20 May 2019, Published under Cement NewsPakistan's cement industry has recorded a 5.5 per cent YoY fall in production during the 9MFY18-19 from 31.22Mt to 29.52Mt, reportedly due to a drop in local demand amongst other factors. In March 2019 alone, cement production decreased by 11.9 per cent YoY to 3.5Mt from 4Mt. "The cement industry has been under pressure this fiscal as development expenditure has been slashed by 40 per cent from last year, however we were pinning hopes on the announcement of a programme to build 5m low-cos... |
Cimentos de Moçambique shuts down Matola plant02 May 2019, Published under Cement NewsCimentos de Moçambique has shut down its 0.25Mta grinding plant in Matola, reportedly due to the fact that the company is operating significantly below capacity. "We closed the factory because there's no market. Right now the unit serves as a back-up for the main factory, in the event that it needs to stop for maintenance," said general manager, Edney Vieira, in O Pais. "The financial results are very negative. We're in crisis." According to Mr Vieira, the current level of demand means t... |
Vietnamese cement sales expected to rise 8% in Jan-Apr 201923 April 2019, Published under Cement NewsIn the first four months of 2019, Vietnamese cement sales have been estimated to rise eight per cent YoY to 35.45Mt, according to the Vietnam Building Materials Association. This includes 21.65Mt sold domestically and a 23 per cent YoY rise in exports to 13.8Mt. Cement sales are expected to reach 9.18Mt in April, which is consistent with the previous year. Domestic sales and exports are forecast to reach 6.48Mt and 2.7Mt, respectively. Meanwhile, the price of cement during the Jan-April ... |
Tajikistan increases output by 9% in 1Q1916 April 2019, Published under Cement NewsTajikistan has produced around 843,000t of cement in the first three months of 2019, an increase of nine per cent from 747,000t last year, according to Asia-Plus. Almost 85 per cent of local production was split between Chzhungtsai Mohir Cement, Huaxin Gayur Cement and Huaxin Gayur Sughd Cement in the 1Q19, while Tojik Cement accounted for just 6.4 per cent. Nearly 36 per cent of domestically-produced cement was exported to neighbouring countries in the period. Over 150,000t was delivere... |
Nepal's operational capacity enough to meet demand for 10 years01 April 2019, Published under Cement NewsNepalese cement manufacturers are reportedly discouraging fresh investment into new domestic production capacity, as supply is now more than adequate to meet demand. "Cement produced by the industries currently in operation is adequate to meet the demand for the next 10 years," said Dhruba Raj Thapa, president of the Cement Manufacturers' Association of Nepal (CMAN), in an interview with Nepal Republica. "If investment continues to pour in this sector, all industries have to lower their c... |
US market improves in the 11M1829 March 2019, Published under Cement NewsTotal Portland and blended cement deliveries in the USA and Puerto Rico fell by 5.3 per cent YoY to 7.78Mt in November 2018, according to data by the US Geological Survey (USGS). Texas, California, Florida, Ohio and Illinois were the leading cement-consuming states, receiving 41 per cent of the shipments for the month. Meanwhile, Texas, California, Missouri, Florida and Alabama were the leading states in terms of production. Total clinker output (excluding Puerto Rico) declined 5.4 per cen... |
India sees rise in volumes for FY18-1929 March 2019, Published under Cement NewsIndia's cement industry saw a 13.6 per cent YoY increase in volume to 275.7Mt in the first 10-months of FY18-19, driven largely by rural and affordable housing, according to a report by ICRA. The growth was almost double the seven per cent forecast, however ICRA has stated that the increase is unlikely to translate into profit growth or improved margins due to the lack of any significant price increase and cost pressures placed on producers. At the pan-India level, prices in most markets w... |
Vietnamese cement sales increase 4% in 1Q1927 March 2019, Published under Cement NewsVietnamese cement sales are estimated to have reached 23.08Mt in the 1Q19, an increase of four per cent YoY, according to the latest data released by the Vietnam Building Materials Association. This includes 14.5Mt sold in the domestic market and 8.58Mt of exports. In March alone the country is expected to record a 3.5 per cent YoY increase in sales to 9.45Mt of cement. Around 3.4Mt of this was exported, down two per cent YoY. Meanwhile, 2.7Mt of the total was sold by VICEM. According to ... |