Cement News tagged under: cement demand
How soon can Vietnam's cement sector emerge from its crisis?19 April 2024, Published under Cement NewsThis week the Vietnam National Cement Association (VNCA) wrote to the country's Prime Minister with proposals to relieve the build-up of inventory at plants that are running at low utilisation levels, or having to shut down due to falling cement demand. In 2023 Vietnam's 61 cement plants saw production decline to 87.8Mt, with 31.2Mt (35.5 per cent) of this being exported. This marked a 16 per cent YoY drop in output, causing many plants to halt production for six months, or remain idle for ... |
Sabanci's growth to be driven by digitalisation and sustainability12 April 2024, Published under Cement NewsTurkish conglomerate, Sabanci, is accelerating investments across its business portfolio - including major investments into the cement division. This is comprised of CIMSA and Akcansa - its joint venture with Heidelberg Materials - making it the third-largest player in Turkey. These transformative investments aim to expedite the digitalisation process and to modernise the assets of its cement businesses, as well as improve their sustainability. Digital transformation Digital and art... |
Sinoma wins Yamama Cement new line project08 February 2024, Published under Cement NewsSinoma has been awarded the Yamama Cement production line upgrade contract. According to Saudi media, the contract is for a full-scale upgrade of the cement production line, aiming to increase its capacity to 12,500tpd. Building upon the relocation of the existing 10,000tpd cement production line, this project aims to achieve technological innovation and capacity enhancement. Sinoma Overseas is entrusted with the comprehensive engineering design, procurement and supply of new equipment,... |
Thailand pins hopes on Land Bridge Project21 November 2023, Published under Cement NewsThailand’s economy grew much slower than expected in the third quarter of 2023. According to the country’s National Economic and Social Development Council (NESDC), GDP expanded by just 1.5 per cent over the three-month period, significantly lower than the 2.4 per cent growth estimated by Reuters. The disappointing result, which marks the slowest quarterly expansion this year, is being attributed to poor exports and government spending. TPI Polene also cited Thailand’s manufacturing ... |
Malaysian cement demand set to flourish, says report11 October 2023, Published under Cement NewsCement demand in Malaysia will continue to flourish in the medium-to-long term, supported by major infrastructure projects across the country, reports RHB Investment Bank Research (RHB IB). A sector report by RHB IB listed current low inventory levels, the push towards solar panels and electric vehicles, and the recovery in demand on the back of an anticipated upturn in China’s manufacturing and property sectors in the second half of 2024, as the main drivers of its demand growth projections... |
Qatar market to expand by a CAGR of 5% in 2022-3205 October 2023, Published under Cement NewsThe Qatar cement market is expected to see a CAGR of 5.2 per cent in terms of value between 2022-32, reaching US$1550.9m by the end of the period. Much of this growth is being driven by the country’s rising population, fuelling growth in urbanisation. Qatar is seeing not only rising demand for residential and commercial buildings, but also civic and tourism infrastructure, according to a report by Future Market Insights. Government initiatives over the past five years have resulted in... |
US construction outlook is about to change for CRH and others01 September 2023, Published under Cement NewsThe outlook for US construction of affordable housing is set to change dramatically over the next two years. "Developers see a massive shortage ahead, which threatens to undo the recent progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg. While interest rates have been increasing, the number of housing projects starting this year has been cut significantly. 2022 projects will typically come online after 18-24 months, therefore construction compani... |
Brazil bets on housing to revive the market05 May 2023, Published under Cement NewsThe outlook for Brazil's cement market remains uncertain following weak first quarter volumes, with demand falling 1.1 per cent to 14.6Mt over the firhst three months. This follows a lacklustre performance in 2022, when annual demand fell 2.8 per cent to 62.6Mt. The Brazilian cement association, Syndicato Nacional Da Industria Do Cimento (SNIC), has revised down its expectations for 2023 demand, which it had previously indicated would enjoy growth by one per cent to 64Mt. A weakening o... |
Indian cement demand forecast to see growth of 8-9% in FY2419 April 2023, Published under Cement NewsIndia Ratings and Research (Ind-Ra) has forecast India’s cement demand to grow by between 8-9 per cent YoY in FY24, driven by the government’s infrastructure push ahead of the general elections in 2024. A resilient agricultural sector, supported by four consecutive normal monsoons, along with a focus on the completion of affordable housing projects are expected to boost cement demand, albeit at a lower rate as inflationary pressures continue. However, an adverse weather event such as E... |
Adbri successfully navigates challenging year03 March 2023, Published under Cement NewsAustralia-based Adbri released its 2022 financial results this week and reported a YoY revenue increase of 8.4 per cent to AUD1.7bn (US$1142m). While the building materials producer celebrated 140 years of being in business last year, it turned out to be one of the most challenging years for the company with inflationary pressures and wet weather events. However, Adbri's sustainability path progressed and it was linked to the company's Net Zero Emissions Roadmap (NZER) from May 2022, while i... |