Cement News tagged under: cement demand
PT Indocement Tunggal Prakarsa sells 4Mt of cement in 1Q2129 April 2021, Published under Cement NewsThe 1Q21 cement sales of PT Indocement Tunggal Prakarsa Tbk have seen a pick up. Indocement Director and Corporate Secretary, Antonius Marcos, said that in March 2021, the company recorded sales of 1.4Mt, more than 200,000t higher sales than in the previous month. Indocement reached 4Mt during 1Q21 (3.9Mt in 1Q20) and the company still believes that sales growth in 2021 can reach four per cent higher than in 2020. This year, Indocement will strengthen its sales in Sumatra... |
Which US cement producers can exploit higher cement demand in 2021?16 April 2021, Published under Cement NewsThe Portland Cement Association's ( PCA) Spring Cement Consumption Forecast for 2021-22 indicated that cement demand in the USA could match or exceed last year's growth of two per cent, despite the loss of nearly 9.5m jobs and a severe decline in real GDP as a direct result of the country's lockdowns and economic impact from COVID-19. Further, the PCA was keen to highlight the long-term upturn in US cement demand that would be supported by the US$2.2trn eight-year infrastructure 'Bui... |
Cahya Mata Sarawak sees gradual increase in cement demand04 March 2021, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Bhd (CMS) can expect an improved financial performance this year, given the anticipated gradual recovery in the demand for building materials in Sarawak following the relaxation of movement restrictions. TA Securities Research said CMS management expects demand for cement to be around 1.6Mt in 2021, backed by ongoing infrastructure projects such as the Pan Borneo Highway, Coastal Road and Baleh Hydro Dam. The group’s clinker plant is also on track... |
Indonesia's cement sales fall 10% in 202021 January 2021, Published under Cement NewsIndonesia's 2020 domestic cement sales were recorded at 62.7Mt. The Indonesian Cement Association (ASI) reports the sales represent a fall by 10.4 per cent from 2019 sales of 70Mt, the lowest growth in 10 years. The highest number of domestic cement sales in 2020 occurred in October at 6.2Mt, while the lowest sales occurred in May of 3.2Mt. By December 2020, both monthly and yearly, sales on all islands contracted. Bank Mandiri's research team recorded the deepest contraction in... |
Mega construction projects boost Bangladesh's cement demand11 December 2020, Published under Cement NewsThe long-awaited Padma Bridge is nearing its completion after the final span of the 'dream bridge' was installed almost six years after the construction work began in Bangladesh. The bridge’s construction and five other megaprojects have stimulated growth in the country’s construction and cement industry. The Director of Brand Marketing of Abdul Khair Group, Naushad Chowdhury, and the Director of Operations of Shah Cement Industries Ltd, Hafiz Sikander, have announced that the Shah C... |
Tanga Cement's Board Chairman forecasts strong infrastructure demand in 202101 December 2020, Published under Cement NewsTanga Cement PLC's Board Chairman, Lawrence Masha, gave an upbeat outlook on the company's prospects because of the government’s heavy infrastructure projects and investments. At the shareholders' annual general meeting Mr Masha said: "The group remains optimistic of the positive impact of infrastructure development plans under the government’s development version 2025 programme and expect the projects to continue gaining momentum in 2020." Despite the company’s net loss of TZS1... |
Indonesian industry to face continued overcapacity challenge26 November 2020, Published under Cement NewsThe COVID-19 pandemic has seen Indonesian cement sales drop throughout most of 2020 with October sales down 9.7 per cent YoY. Moreover, demand is predicted to fall 11 per cent YoY by the end of the year, according to PT Indocement Tunggal Prakarsa Tbk. However, the industry is currently challenged by considerable overcapacity. In 2020 total domestic cement capacity is 116.4Mta with a plant utilisation of 54.6 per cent, supplying a domestic market of an estimated 63.6Mta. Competition is e... |
Indonesian domestic cement demand falls 10% in 3Q2016 November 2020, Published under Cement NewsIndonesia's cement demand fell 9.7 percent to 17,499,807t in the 3Q20 from 19,384,326t in the 3Q19, according to the Indonesian Cement Association (ASI). The decline in domestic cement consumption was mitigated by a 62.4 per cent surge in exports, which increased to 3,128,985t in the 3Q20 from 19,384,326t in the year-ago period. Of this total, 2,725,493t of clinker was exported, up 79.3 per cent YoY, and 403,492t of cement, down 0.7 per cent YoY. Domestic sales plus exports in t... |
Egypt's cement sector sees a 60% fall in cement demand25 September 2020, Published under Cement NewsThe cement industry in Egypt is expected to come under heightened strain following a 60 per cent decline in cement demand for the first time in the sector's history, says Professor Mohamed Saleh of the Toulouse School of Economics . During the 1H20 Arabian Cement Co reported losses of about EGP5.6m (US$0.3m), the Sinai Cement company recorded losses of EGP245.6m (US$15.6m), while Tourah Cement company suspended production altogether due to a financial crisis caused by the oversupply ... |
Hetauda Cement Industries sees losses mount up25 August 2020, Published under Cement NewsA combination of COVID-19, stalled construction activities and falling cement sales have seen Hetauda Cement Industries' losses grow fivefold YoY. The state-owned Nepalese company amounted losses totalling NPR50m (US$417,872) in the last fiscal year ended mid-July. According to the factory, it was able to sell only 1.45m bags of cement and clinker out of the 1.9m bags it produced in the last fiscal year. Sarju Aryal, head of the sales division, said the factory was left with about 400,000... |