Cement News tagged under: cement demand
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... |
Experts expect a fall in Pakistan’s cement dispatches02 March 2023, Published under Cement NewsPakistan’s total cement industry dispatches in February 2023 are likely to reach 3.8-4Mt, down 8-12 per cent YoY with local dispatches expected to be down by 10-14 per cent YoY. However, deliveries are likely to remain more or less flat MoM despite fewer working days in February 2023 (28 days), which is likely due to the resumption of construction activities after the winter. According to an assessment of Topline Securities, in the 8MFY22-23 (July 2022-February 2023), industry cement sal... |
Saudi cement demand to remain flat in 202310 January 2023, Published under Cement NewsCement demand in Saudi Arabia is forecast to remain flat in 2023 before expanding by five per cent YoY in 2024, according to a report by SICO Bank. Cement demand fell by 1.8 per cent YoY in November 2022, despite the previous month being the strongest October since 2015. For the whole of 2022, SICO predicts demand to have declined by one per cent YoY. Looking ahead, 2024 growth is expected to be driven by a boom in construction activity on the back of developments in the tourism sector an... |
Deteriorating outlook for Latin American cement, says Fitch Ratings21 December 2022, Published under Cement NewsThe outlook for the cement market in Latin America is deteriorating, according to Fitch Ratings. This is being blamed on softening demand in most markets and persistent cost inflation, which will be partially mitigated by lower energy costs. The expectation of higher interest rates and continued inflationary pressures is expected to curb disposable income, resulting in a cooling off of demand in home improvement and remodelling trends. Lower government stimulus that had allowed for a stro... |
Pakistan cement demand expected to rise in floods aftermath28 September 2022, Published under Cement NewsSindh Chief Minister Murad Ali Shah has stated that the provincial government would start building homes and other civil infrastructures for flood victims as soon the water has receded in Sindh province. The other provinces will follow in their footsteps. Furthermore, Pakistan’s top cement manufacturers expect domestic demand for cement to pick up in 3-6 months, as soon as rehabilitation works are started under aid from various foreign countries and government allocation. The federal governm... |
What's driving Nigerian cement demand?02 September 2022, Published under Cement NewsBUA Cement announced this week that it would seek finance from the International Finance Corp (IFC) for a 6Mta cement expansion of its Sokoto cement plant in Kalambaina, Nigeria. The aim is to make Nigerian cement production more sustainable and reduce the cost of the product, according to BUA Cement. But what other drivers have continued to bolster cement capacity growth in the west African country? While domestic demand has been growing rapidly and caused cement prices to spiral upward, t... |
Alabama hit by cement shortage20 April 2022, Published under Cement NewsOfficials with the Alabama Concrete Industries Association said Alabama saw a 14 per cent increase in the demand for concrete last year, but the current cement shortage might cause some projects to be delayed. "You can't just order concrete today and think you’ll get it next week," President of Alabama Concrete Industries Association, John Sorrell, said. "As soon as cement is made in the mills right now, it is going right into the tankers to be shipped to the ready-mix trucks." Mr Sorr... |
Ethiopian plants warned to fast-track outstanding deliveries06 January 2022, Published under Cement NewsEthiopia's Minister of Mines and Petroleum, Takele Uma, said that the Ministry has cautioned cement factories to use their full potential and fast-track outstanding deliveries of 2.6Mt of cement. According to Takele, "cement factories already owe more than 2.6Mt of cement", resulting in delayed delivery to consumers and having a "direct impact on the cement supply chain, inflation", as well as creating "negative impact on the supply of raw materials." These factories, whic... |
Indian cement demand likely to rise as rains recede06 December 2021, Published under Cement NewsHeavy rains in Tamil Nadu, Kerala, Andhra Pradesh and parts of Maharashtra dragged down cement volumes across sectors at the start of the peak season for the industry which runs from October until May, but c ement companies expect demand and consumption to pick up from December as the rains fade. "Slowly demand is coming back to normal across all sectors. In a week or so we may even see pent-up demand coming back," said M Ravinder Reddy, director at Bharathi Cement told the Business... |
Has Egypt's cement sector turned the corner?24 September 2021, Published under Cement NewsEgypt's cement sector has been battling against the economic tide for a considerable time as overcapacity, the end of energy subsidies and low cement demand has pushed some producers to the edge of existence, while others have become too debt-ridden to survive. However, this week saw better news as the country is launching a significant infrastructure drive and prices of construction materials have risen. Is it this simple to fix Egypt's long-suffering cement sector? It will take a prolonge... |