Cement News tagged under: cement consumption

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Scotiabank forecasts 6% growth in Peru’s cement demand

04 February 2019, Published under Cement News

Cement consumption in Peru is predicted to expand by around 6.5 per cent in 2019, according to Scotiabank. The bank attributes the third-consecutive annual rise to a higher level of real estate investment. This positive evolution would be supported by increased private and public investment expected for this year, said Carlos Asmat, senior analyst of the Department of Economic Studies of the bank. "Private investment would grow partly driven by the performance of mining investment during 2...

Spain's cement demand up 9% in November

22 January 2019, Published under Cement News

Spain’s cement consumption index (IDC) noted a 9.2 per cent YoY increase in November 2018, according to the Spanish cement association, Oficemen. MoM a 2.4 per cent decrease was reported. Between December 2017 and 2018, 13.4Mt of cement was sold – 1.1Mt more than in the equivalent period of the previous year. While consumption levels remain low – similar to the level noted in 1967 – they continue to rise. “We look with optimism at the investment growth contemplated by the Ministry of Deve...

Bangladesh cement industry to expand despite rise in raw material costs

21 January 2019, Published under Cement News

The Bangladeshi cement industry is expanding its capacity despite increases in raw material costs. In 2017 the effective capacity of active plants stood at about 50.20Mta, which is estimated to reach about 65Mta by 2019, according to the annual report of MI Cement Factory Ltd.   Cement consumption stood at about 27.1Mt in Bangladesh last year. But despite the huge growth of the industry, Bangladesh is still one of the lowest consumers of cement products in the world. The demand is expected ...

Kenya's cement consumption drops by 15% in 9M18

15 January 2019, Published under Cement News

Kenya is stuck in a spiral decline of cement demand with sales continuing to plumit in the first 9M18. According to official data the country's cement consumption fell by 113,096t to 4.13Mt in the first 9M18, compared to 4.24Mt in the first 9M17. Narendra Raval, chairman of Devki Cement group, said: "Cement sales are down 15 per cent." There are various reasons for the decline including a wave of countrywide demolitions that have discouraged new investment. "The main reason is people are...

Moroccan cement market contracts 4% in 2018

11 January 2019, Published under Cement News

Demand for cement in Morocco has fallen 3.7 per cent YoY in 2018 to 13.287Mt, from 13.791Mt in 2017, according to data from the Ministry of Housing and Urbanism. In December 2018 the domestic market expanded by 8.2 per cent to 1,217,378t from 1,125,388t in December 2017. The growth in demand during the last month of the year represents a recovery from the 16.6 per cent YoY drop reported in November, when 1,062,727t of cement was sold in the domestic market. In October 2018, Moroccan produ...

Indian cement consumption to rise by 7-8 per cent in FY19-20

10 January 2019, Published under Cement News

Rating agency ICRA forecasts that domestic cement demand in India will grow seven per cent YoY in FY19 and by around eight per cent in FY20, driven mainly by rural and affordable housing projects as well as larger infrastructure projects for roads, irrigation and metro development. The agency estimates a cement supply rise of approximately 15-18Mta in FY19-20. "The domestic cement capacity utilisation is expected to remain moderate at around 70 per cent in FY20 despite an estimated demand...

Panama cement market forecast to contract by 13%

26 November 2018, Published under Cement News

Cement consumption in Panama is expected to fall by 13 per cent this year due to the economic slowdown, the strike by the trade union of construction workers, Suntracs, and a decline in construction permits. "We are seeing a 13 per cent drop this year and we perceive that next year will not be a good year either," explained José Luis González Habas, Cemex's planning director. In previous years, cement demand in Panama was close to 2Mta, peaking during the expansion of the Panama Canal but...

PCA forecasts falling US cement consumption growth rate

16 November 2018, Published under Cement News

The Portland Cement Association (PCA) Market Intelligence Group forecast for cement consumption over the next two years in the USA predicts a falling growth rate. Growth is expected to decelerate from 2.9 per cent this year to 2.6 per cent next year and further to 1.6 per cent in 2020. "We are expecting relatively modest but sustained interest rate increases after 10 years of low and stable rates," said PCA Senior Vice President and Chief Economist, Ed Sullivan. "The Federal Reserve’s acti...

Brazil cement sales drop 2% in August

12 September 2018, Published under Cement News

Domestic cement sales in Brazil fell 2.4 per cent YoY to 4.9Mt in August 2018, according to the country’s cement association, SNIC. In the first eight months of 2018, accumulated sales slipped 1.7 per cent YoY to 34.89Mt while in the year ending in August 2018 they were down 2.6 per cent to 52.7 per cent when compared with the equivalent period in the previous year. For 2018, SNIC maintains its forecast of a decrease in sales of between 1-2 per cent. This would mark the fourth-consecutive...

Puerto Rican cement sales up 23% in August

12 September 2018, Published under Cement News

Cement sales in Puerto Rico increased 23 per cent YoY to 1.26m bags of 42.5kg (approx 53.55t) in August 2018. It is the eight-consecutive month of growth in cement sales after five years of decreasing sales in the country. In 2017 sales fell 11.2 per cent YoY. Output advanced 10.6 per cent to 1.09m in August. In the year prior, cement production fell by 14.2 per cent YoY.