Cement News tagged under: cement demand
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... |
PCA's US cement consumption regional forecast review21 August 2020, Published under Cement NewsThis week ICR looks at the regional briefings that the Portland Cement Association (PCA) has given for the economic and cement demand outlook in the USA, following COVID-19. Western region Brian Schmidt, PCA Regional Economist for the western USA, reported that both the Rocky Mountain (RM) and Pacific divisions have been hit hard by a fall in construction work. April cement consumption for Washington was down over 40 per cent, after Governor Jay Inslee announced in March that construction... |
Egyptian cement demand has fallen 20% since May19 August 2020, Published under Cement NewsSince Egypt's Ministry of Local Development (MLD) suspended building licences for six months in the governorates of Greater Cairo (Cairo-Giza-Qalyubia), Alexandria, and provincial capitals and major cities with high population densities in May, cement demand has dropped by 20 per cent. Ahmed Al-Zaini, Chairman of the Building Materials Division, Federation of Egyptian Chambers of Commerce (FEDCOC), confirmed that the cement sector had seen a 20 per cent depression in demand over the summer.... |
Bangladesh's cement sector sees signs of recovery in demand17 August 2020, Published under Cement NewsPremier Cement of Bangladesh has reported that the cement sector has been showing some signs of recovery for the last two months, despite the coronavirus pandemic. The sector had been reeling from the unprecedented collapse in demand in April and May because of the pandemic, which hammered activity and brought the construction sector to a grinding halt. However, activity has begun to pick up and are now back almost to the pre-pandemic level in June and July. "The economic front of a develo... |
East African Portland Cement meets distributors amidst falling demand10 August 2020, Published under Cement NewsThe East African Portland Cement Company (EAPCC) of Kenya is enhancing dealer and distributor incentives to push cement sales during the pandemic. CEO, Stephen Nthei, met with distributors in a tour of Nyandarau county to set a strategy and look to understand the challenges facing distributors and customers. "COVID-19 has had quite an impact in sales of cement. But we are seeing a bounce back as businesses start requesting for orders," Nthei said. "Dealers and distributors will get more in... |
Economic survey reviews Pakistan cement industry for FY19-2012 June 2020, Published under Cement NewsThe Pakistan government has released its economic survey for FY19-20 on the eve of the Federal Budget FY20-21. The survey reviews government incentives for the cement industry, accounts of dispatches, export and mining lease issues. The government has labelled the construction and cement industry a significant source of growth and investment in the future. It has already introduced an incentive package for the construction industry in April 2020, anticipating to help increase local cement ... |
Return to prosperity forecast for Pakistan's cement sector08 June 2020, Published under Cement NewsPakistan's cement industry is likely to prosper in the coming months, due to some positive developments at the local and international level, anticipated by three of Pakistan's leading research houses. BMA Capital Management forecasts that the cement sector is showing signs of revival, backed by initiation of the Naya Pakistan Housing Scheme and construction package announced by the government. Moreover, the easing of lockdowns has raised hopes for improved cement dispatches in the coming m... |
African cement escapes the pandemic; structural issues remain05 June 2020, Published under Cement NewsCemtech's latest webinar discussed Africa's cement sector and the impact of COVID-19 on the continent. Tony Hadley of consultancy THAA, and Erkam Kocakerim, CEO of Limak Afrika SA, covered several areas of concern from the impact of the COVID-19 pandemic on economies and cement demand to overcapacity and competition issues, while also providing a long-term outlook for the continent. Thomas Armstrong, Managing Editor of International Cement Review, opened the webinar with an overview of the ... |
Malaysia – finding its resolve02 June 2020, Published under Cement NewsWithin southeast Asia, Malaysia represents one of the largest consumers of cement per capita. The lacklustre demand trends seen in the past 4-5 years were forecast to ameliorate in 2020 due to an influx of government-backed projects. However, as COVID-19 wreaks havoc on economies and industries, the impact on demand remains to be seen. By Manas Tamotia, LEK Consulting, Singapore. Given that Malaysia’s cement sector was showing a resolve to rationalise and yield long-term value, LEK... |