Cement News tagged under: cement demand
South Africa: Cement sales up 7.7% in 201519 April 2016, Published under Cement NewsConsumption of cement in South Africa rose by 7.7 per cent YoY in 2015 following a drop in sales the previous year. According to figures released by PPC, volumes reached 13Mt in 2015 thanks to strong demand from the construction sector. Responding to the news, Business Day pointed to the positive impact from projects to build new power stations and hydroelectric plants. Sales grew fastest in 1Q15, when they were up 15.6 per cent YoY. Growth in Q2 was slower at 1.5 per cent, with volume... |
Kazakhstan: Steppe Cement sales down as demand tumbles18 April 2016, Published under Cement NewsSteppe Cement has seen sales and revenue fall in the first quarter of 2016 as the company predicts that demand in Kazakhstan will be 11 per cent lower this year than it was in 2015. According to a report from DigitalLook, Steppe Cement’s volumes were down one per cent YoY in Q1 2016, falling to 190,953 tonnes. Revenues fared worse, falling by 12 per cent to KZT2.3bn (US$6.8m) over earnings in the same period last year. Ex-factory prices have declined by 13 per cent. Despite this, Step... |
India: Cement stocks rise as demand recovers14 April 2016, Published under Cement NewsIndian cement manufacturers are set to continue the strong performance which has seen their stocks outperform the BSE Sensex by a factor of ten over the past month. In this period, the Economic Times reports, India Cements’ shares are up 23 per cent, ACC is up 18 per cent, JK Cement and JK Lakshmi Cement are up 16 per cent, Ramco Cements is up 14 per cent and Ambuja Cements is up 12 per cent. The market as a whole, as tracked by the Bombay Stock Exchange’s Sensex index, is up just 1.2 per... |
China National Building Materials (CNBM)23 December 2015, Published under Cement NewsCement demand in China usually peaks in the months of September and October but not so in 2015 as numerous infrastructure projects suffered from ongoing delays. China’s cement producers are now hoping that 2016 will bring renewed activity in the country’s construction sector, driving up consumption. Just last week the Chinese president signed an agreement with the UAE to develop a US$10bn joint investment fund to forge closer links between the two countries. The UAE is reportedly seen as ... |
Spanish demand to November increases 5%23 December 2015, Published under Cement NewsSpain’s cement market has expanded by 5.2 per cent YoY to 10,573,572t between January-November 2015, according to Oficemen, the country's cement association. In November alone, demand rose by 13.8 per cent to 1,008.789t, helping to boost full-year forecasts. For 2015, the association expects domestic consumption to reach some 11.3Mt, representing an increase of around five per cent YoY. "In line with our forecasts, 2015 it was a year marked by strong volatility in the figures, on a ver... |
PT Indocement29 September 2015, Published under Cement NewsAccording to Reuters, some say that the outlook for domestic cement sales growth in Indonesia could be the worst in a decade. Production capacity has surged over recent years on the back of a promised increase in infrastructure spending. Recent figures put production capacity in the country at 75.5Mta by 2016, up by 67 per cent since 2011. But, in reality, infrastructure spending has been delayed by red tape and the Indonesian economy is growing at its slowest rate for six years. For PT ... |
Ciment Catalá: Catalan cement demand up 5% in 201510 February 2015, Published under Cement NewsThe Catalan cement association, Ciment Català, forecast Catalan cement consumption to rise by five per cent, the first increase after seven years of continuous falls. Ciment Català’s president, Angel Cercós, said 2014 would prove to be another “bad year” for the sector as consumption is estimated to have fallen “between nine and 10 per cent” with demand barely reaching 1.31Mt – far below the 8Mt seen in the boom year of 2007. However, he said that he “had the impression that we have tou... |
Moroccan cement demand drops 5.4% in 201403 February 2015, Published under Cement NewsThe Moroccan cement market contracted by 5.4 per cent to 14.1Mt in 2014, reaching a new low as demand hits a level not seen since 2008. The country’s construction sector remains depressed with 177,300 dwellings starting construction but no advances in social housing or self-construction. In addition, the higher-end real estate and tourist markets no longer provide relief. Historically-low interest rates are also unable to reinvigorate the market and economic uncertainty weighs heavily on ... |
Vietnam records 47% rise in January cement demand02 February 2015, Published under Cement NewsVietnam’s cement consumption increased six per cent MoM and 47 per cent YoY to 4.37Mt in January 2015, according to the Department of Building Materials at the country’s Ministry of Construction. The country's leading cement producer Vietnam Cement Industry Corporation (Vicem) sold 1.41Mt of cement in domestic markets, up 46 per cent YoY. Exports reached 1.5Mta. By the end of January, the cement inventory was around 2.69Mt, primarily clinker. Ministry forecasts expect cement demand ... |
US consumption growth 4.2% in 201323 December 2014, Published under Cement NewsUS cement consumption growth reached 4.2 per cent in 2013, according to the latest assessment of the sector by the Portland Cement Association (PCA). In its publication entitled "2013 Apparent Use of Portland Cement, State & Market Report”, the PCA notes that annual growth was driven by residential and non-residential building, up 17.2 and 11.9 per cent, respectively. Meanwhile, the public sector shrank by four per cent, placing a drag on overall growth rates. |