Cement News tagged under: cement demand

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PCA: US cement consumption to sustain growth into 2022

06 February 2020, Published under Cement News

The Portland Cement Association (PCA) has held a press conference at the 2020 World of Concrete in Las Vegas, Nevada, where PCA Senior Vice President and Chief Economist, Ed Sullivan, predicted cement consumption to stay at moderate growth levels through 2020-21 and into 2022. PCA Market Intelligence expects cement consumption will grow by 1.7 per cent in 2020. The potential for stronger-than-expected construction in residential construction could add one full percentage point to this out...

Lafarge Zimbabwe sees cement demand drop 19%

29 November 2019, Published under Cement News

Lafarge Zimbabwe has seen a 19 per cent decline in cement consumption. Flora Chinhaire, Lafarge Zimbabwe Company Secrtary reported that hyper-inflation in the country had impacted demand. The Zimbabwe National Statistics Agency's inflation rates for September 2019 saw a 350 per cent rise YoY. “The operating environment in the second half of the year continues to be challenging for the business as the effects of hyperinflation become more evident due to cost inflation caused by devaluation...

Pakistan defers axle load and CNIC issues

04 November 2019, Published under Cement News

The Pakistani government is deferring two issues that had earlier caused a negative impact on the country's cement industry: the axle load and documentation of sale over PKR50,000/t (US$321/t). Two major issues – axle load and documentation of sale beyond PKR50,000/- (US$321/-) (the condition of submission of Computerised National Identity Card) are being deferred. Axle load issue Pakistan's Prime Minister, Imran Khan, has asked the Frontier Works Organisation (FWO) to defer the implemen...

Profitability review 1QFY19-20 of nine top Pakistan companies

01 November 2019, Published under Cement News

Pakistan research house Spectrum Securities Ltd, while reviewing nine top cement companies' performances for the 1QFY19-20, has concluded that cement sector continues to be in turmoil, due to the shrinking construction activities, higher interest rates and excess installed capacity. Therefore, during the first quarter of FY19-20, the  sector posted a net loss. Analysts from Spectrum Securities Ltd observed that in the 1QFY19-20, industry sales fell by six per cent YoY to PKR52.734bn (US$338...

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,...