Cement News tagged under: capacity

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Agents of change

04 July 2018, Published under Cement News

Like the steel and automotive sectors, the cement landscape has experienced a far-reaching transformation over the last 30 years. In the mid-1980s, local players outgrew their local markets and seized the opportunity to expand beyond national borders to gradually take control of worldwide markets. However, this untouchable leadership imploded as globalisation took hold and the centre of gravity of construction demand shifted to the emerging markets. This article looks back at the events and ...

ICRA: India’s FY19 cement output to rise 6% YoY

27 June 2018, Published under Cement News

With a recovery in the affordable and rural housing markets and infrastructure construction picking up, India’s domestic credit rating agency ICRA expects cement production in India to rise by six per cent in FY19. However, rising input costs will continue to dampen company profits. Output from India’s cement plants reached 298Mt in FY18, a 6.3 per cent rise when compared with the 280Mt. The main share of this growth took place in the second half of the financial year as key markets regi...

Building the Balkans

04 June 2018, Published under Cement News

While some of the Balkan states are among the youngest countries in Europe, their cement demand has remained relatively low since the global financial crisis of 2008. But this is expected to grow as improved infrastructure connections and EU funding are helping to build greater economic strength in the region. Titan’s 1.5Mta Antea works is the largest cement works in Albania, accounting for more than 40 per cent of domestic cement capacity The Balkans is an area of southern E...

Bangladesh demand to grow 8-10%, but overcapacity to persist

29 May 2018, Published under Cement News

Bangladesh cement demand is expected to grow by 8-10 per cent in the next five years, according to Masud Khan, CEO of Crown Cement Group. Last year cement consumption reached 27.1Mt, significantly below the country’s total cement production capacity of 50.2Mta. Domestic cement companies met around 82 per cent of this demand while imports supplied the balance. Anticipating higher sales due to ongoing and planned megaprojects, Bangladeshi cement manufacturers doubled their capacity in 2...

A banner year ahead

09 April 2018, Published under Cement News

Following several challenging years with cement demand declining, the year ahead promises a turnaround of fortunes for China. With domestic cement consumption and export demand expected to rise and new supply to moderate, the Chinese cement industry can look forward to a better year. Prices are also forecast to recover, providing improved returns for producers. By Addison Dai, DBS Vickers, Hong Kong. China’s cement consumption is expected to grow in 2018, improving the demand-supply b...

Pakistan's State Bank acknowledges cement growth

09 April 2018, Published under Cement News

Pakistan's State Bank has confirmed that cement industry is performing well and a considerable amount of capacity is due to come ons-stream in a couple of years. Manufacturers have been investing aggressively in capacity expansions (by adding about 60 per cent additional operational capacity) over the past few years, in anticipation of strong domestic demand. The cement industry is driven by steel and domestic infrastructure investments, by both public and private backers, said the ...

Facing an oversupply challenge

08 March 2018, Published under Cement News

Indonesia’s cement market saw a significant expansion in 2017 despite economic woes. While the country’s property market performs below par, cement producers are pinning their hopes on the government’s ambitious infrastructure development programme to avert the threat of oversupply going forward. By the Indonesian Cement Association and ICR Research, UK. Faced with an oversupply and a stagnant housing market, Indonesia’s cement producers are pinning their hopes on the government’s ...

Uzbekistan cement manufacturers to sell at fixed prices

29 January 2018, Published under Cement News

Uzbekistan’s cement manufacturers plan to open points of sale at fixed prices to customers, in the hope that this will prevent speculation in the market. Qizilqumsement JSC and Bekabadcement JSC have already begun this initiative, according to Trend News. The points of sale are expected to open in all major cities and districts of the country. The cost of cement in the country varies between UZS430,000-490,000/t (US$52-60/t), depending on region. Uzbekistan has a total capacity of 8.5Mta ...

Mexico: a tough year ahead

22 January 2018, Published under Cement News

The slowing housing sector and constraints to the public purse have impacted Mexican cement demand in the past two years. The year ahead will present further uncertainties as the country goes to the polls to elect a new president and NAFTA is up for renegotiation. However, the domestic cement industry is in relatively good shape to weather the risks. By Luis Manuel Martinez, S & P Global Ratings, UK. Mexico's cement industry is well equipped to face a challenging 2018. (Pictured: Ceme...

Pakistan: no dismantling of cement plants around Katas Raj

22 January 2018, Published under Cement News

Pakistan’s Supreme Court will not issue any order to dismantle existing cement plants as output from the facilities will be required for the ongoing China-Pakistan Economic Corridor project, said Chief Justice Saqib Nisar. The Supreme Court's attention was drawn towards the holy pond, part of the Katas Raj temple complex, which is drying out due to water consumption by nearby cement factories that draw water using a number of drill bores and have severely reduced the subsoil water level a...