Cement News tagged under: cement demand

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Pakistan cement industry's future outlook

10 September 2019, Published under Cement News

The margins of the Pakistani cement industry remain under pressure in FY19 and this trend is likely to continue in FY20 on the back of poor demand, higher coal prices and interest rates, lesser allocation for development projects, and competition in local and overseas markets. Reviewing the industry performance, experts observed in the local media that the industry started making expansion plans soon after the then-government signed CPEC agreements with the Chinese government in anticipa...

Cambodian cement demand expected to rise

15 July 2019, Published under Cement News

Cambodia's construction sector is seeing demand for cement and brick rise by some 10 per cent in 1H19 and cement producers are forecasting a strong 2H19. Chip Mong INSEE Cement Corp has increased its cement supply by 10 per cent compared to the 1H18 said Tieng Vichea, the company's public and government relations manager. However, cement producers have not driven through large price increases. "Our selling prices in the first half of this year changes very similarly to production costs ove...

Economic Survey encompasses cement industry performance in 9MFY19

12 June 2019, Published under Cement News

Pakistan's government has released its economic survey for 2018-19. Reviewing the performance of the country's industrial sector including cement during 9MFY19, the survey reported that provisional growth in industrial sector has been estimated at only 1.4 per cent, mainly due to the decline by 2.1 per cent in the large-scale manufacturing sector and by nearly two per cent in mining and quarrying. The cement industry has been under pressure in this fiscal year as development expenditure h...

Yanbu Cement targets exports

09 May 2019, Published under Cement News

Yanbu Cement is targeting a rise in exports, having exported 997,000t of cement and clinker in 1Q19, approximately 40 per cent of Saudi Arabia's cement and clinker exports. Speaking on domestic demand, Ahmed Zugail, Yanbu Cement's CEO, said: "Demand has not improved in 1Q19. The sector sales dropped nine per cent YoY in the first quarter." Mr Zugail added that the government's mega projects like NEOM, the Red Sea, and Qiddiya are still in the planning and design phase. "On the other hand...

Lafarge Malaysia to benefit if East Coast Rail Link is revived

08 March 2019, Published under Cement News

Lafarge Malaysia Bhd is in a great position to benefit from a resumption of the East Coast Rail Link's (ECRL), because the cement manufacturer has won contracts under the project, says Affin Hwang Investment Bank Bhd. Lafarge Malaysia's shares rose 30 per cent yesterday on the news that the rail project might be revived, having been suspended in July 2018. "We understand that the government will likely decide after Prime Minister Tun Dr Mahathir Mohamad's visit to China in April. If the p...

Pakistan's utilisation levels expected to keep falling

06 March 2019, Published under Cement News

Current downward trends in Pakistan's domestic cement demand are expected to impact capacity utilisation. Overall cement sales in the country declined by 12 per cent YoY in February 2019 to 3.3Mt, according to Intermarket Securities Ltd, quoting APCMA data. This decline was driven by local cement sales, which fell by 19 per cent YoY to 2.8Mt, with a major drag seen in sales of the north region to 2.1Mt, down 25 per cent YoY.   The drop-off in demand could be attributable to several factors,...

Private construction to increase Thailand's cement demand

13 February 2019, Published under Cement News

Cement demand in Thailand is forecast to increase in the next few years after a recovery in the private construction sector, says Fitch Ratings. Fitch Ratings expects high-single-digit growth for cement demand in Thailand in 2019, while cement sales data from the Office of Industrial Economics in 3Q18 reported 3.7 per cent YoY growth and a further 2.8 per cent growth in 4Q18. Domestic cement demand for all of 2018 remained low at 0.8 per cent growth YoY. "Cement consumption should rise...

SCG Cambodia's revenues rise 15% on strong construction actvity

07 February 2019, Published under Cement News

SCG Cambodia, a subsidiary of the Siam Cement Group, yesterday announced that revenue from sales in 2018 grew by 15 per cent, rising to US$396m. Revenue from sales in 4Q18 reached US$96m, SCG Cambodia said. Cambodia Constructors Association General Manager, Chiv Sivpheng, said demand for construction materials has been rising annually as the kingdom's construction industry grows. With increasing population and urbanisation, Mr Sivpheng said the construction industry is expected to continue ...

APCMA releases dispatch data for January and 7MFY19

07 February 2019, Published under Cement News

The Pakistan cement sector posted a double-digit decline of 10.7 per cent in the month of January compared with corresponding month last year, raising alarm bells among producers with a large production capacity, reports the All Pakistan Cement Manufacturers Association (APCMA). The cement industry dispatched 3.646Mt in January 2019 against 4.083Mt in January 2018, says APCMA. The buoyancy in exports stayed on course, increasing by a healthy 67.3 per cent. The industry exported 0.579Mt o...

Pakistan cement companies expect mixed results for 6MFY19

14 January 2019, Published under Cement News

Pakistan cement companies are scheduled to announce their financial results for the second quarter and six months of FY18-19 in coming months. Top cement companies are expected to post a growth of over two per cent QoQ, or 37 per cent YoY decline for 1HFY19. According to a research report of IGI Finex Securities Ltd, based on provisional numbers, volumetric sales depict a modest four per cent YoY growth during 1HFY19, primarily owing to healthy exports growth of 48 per cent YoY, while loca...