Cement News tagged under: cement demand

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Cemex is working 24/7 to meet Philippine cement demand

30 July 2018, Published under Cement News

Cemex president and CEO, Ignacio "Nacho" Mijares, says Cemex's cement plants in plants in Antipolo and Cebu are having to work 24/7, in maximum capacity, to meet the market demand in the Philippines. The government’s PHP8trn (US$150.3bn) infrastructure programme is sending cement demand upward. "We recently were able to 'debottleneck' our dispatch which allows us to increase to half a million tons, the amount we can provide to the market. Going forward we will continue looking for the deb...

Mindanao region poised for higher cement demand

12 July 2018, Published under Cement News

Currently in the Philippines, there are about 60 nationwide infrastructure development projects related to Build, Build, Build scheme and about 14 of these are in Mindanao. Most of those in Mindanao are still in the feasibility study stages and may start construction by next year. Mindanao Development Authority (Minda) Assistant Secretary, Romeo Montenegro, said as there are no apparent shortages yet, there is also a continuing rise in the demand for cement and steel. They have yet ...

Tighter margins forecast for Malaysian cement producers in 2H18

04 July 2018, Published under Cement News

Malaysia cement players are receiving warnings from financial analysts that margins are expected to come under more pressure in the coming months, while a contraction of cement demand is forecast for the second half of the year. According to CIMB Research, this is a potential negative for the earnings outlook of cement companies in the second half of the year. "This makes it unlikely for any cement company to initiate a price hike to cover rising operating costs. "For cement players, margi...

New Bangladesh budget offers big projects for cement industry

08 June 2018, Published under Cement News

AMA Muhith, Bangladesh Finance Minister, has presented the government budget for 2018-19 in Parliament announcing a long list of mega projects for the construction of hospitals, school, colleges and other infrastructures that would create huge demand for cement in country. The finance minister said: "The country is targeting 7.8 per cent GDP growth in the new fiscal year against target of 7.4 per cent for fiscal 2017-18." Mr Muhith also announced provision of loans to the public for ...

Cement growth seen in Pakistan's 9MFY17-18 data

21 May 2018, Published under Cement News

According to Federal Bureau of Statistics, the large-scale manufacturing sector posted 5.8 per cent growth in the first nine months July 2017-March 2018, as the construction boom continued to push up consumption of cement and steel. The local cement industry production was recorded at 31.17Mt during this period from 27.77Mt, produced in corresponding months July 2016-March 2017. This shows a growth of 12.2 per cent on YoY basis. The growth in March 2018 alone produced 4Mt of cement compar...

Saudi Arabia cement sales fall 11% in 1Q18

13 April 2018, Published under Cement News

Saudi Arabia's total cement sales for 1Q18 stood at 11.8Mt, down 11 per cent YoY and one per cent QoQ. The combination of weak demand and high inventory levels forced the companies to seek other solutions such as entering other regions within the kingdom as well as exporting with low selling prices. Yanbu Cement’s low cash cost per tonne gives the company the ability to export at lower prices, which is likely not possible for other companies to replicate, says finance research group Al Raj...

Russian cement consumption rises by 3.5% in January

16 March 2018, Published under Cement News

In January 2018 the volume of cement consumption in Russia amounted to 2.2Mt, up 3.5 per cent on January 2017, reported the Cement Producers’ Union (CPU). Domestic cement production increased in January 2018 by 7.9 per cent to 2.1Mt when compared with the same period in 2017. The CPU added that the Russian market was on course for three per cent growth in cement demand in 2018, with February's demand expected to also see a three per cent rise, supported by the building renovations in Mosc...

Indian demand to pick up by 2% in FY18

01 February 2018, Published under Cement News

Indian cement demand has been forecast to increase by two per cent in FY18, according to a notice by ICRA. In the first eight months of FY18 cement production grew by 0.6 per cent YoY, to 190Mt from the 188.8Mt reported in the year-ago period. However production declined in the first and second quarter of FY18 when compared to FY17, falling 3.3 per cent and 0.4 per cent respectively, reports The Financial Express. Demand has been impacted by a variety of issues throughout the year such as ...

Mexico: a tough year ahead

22 January 2018, Published under Cement News

The slowing housing sector and constraints to the public purse have impacted Mexican cement demand in the past two years. The year ahead will present further uncertainties as the country goes to the polls to elect a new president and NAFTA is up for renegotiation. However, the domestic cement industry is in relatively good shape to weather the risks. By Luis Manuel Martinez, S & P Global Ratings, UK. Mexico's cement industry is well equipped to face a challenging 2018. (Pictured: Ceme...

New projects to take total Ugandan output to 6.8Mta

08 January 2018, Published under Cement News

A number of projects in Uganda are expected to commence operation this year, taking total cement production to 6.8Mta from 3.6Mta, reports Ugandan newspaper The Independent. Hima Cement’s new 1Mta facility in Tororo is expected to open in 1Q18 and will take the company’s overall capacity to 1.8Mta. Meanwhile, Tororo Cement is awaiting a capacity increase to 3Mta from 1.9Mta through a plant expansion. National Cement is also investing US$185m on a 1Mta plant in the same region, which is ex...