Cement News tagged under: cement demand
Pakistan defers axle load and CNIC issues04 November 2019, Published under Cement NewsThe Pakistani government is deferring two issues that had earlier caused a negative impact on the country's cement industry: the axle load and documentation of sale over PKR50,000/t (US$321/t). Two major issues – axle load and documentation of sale beyond PKR50,000/- (US$321/-) (the condition of submission of Computerised National Identity Card) are being deferred. Axle load issue Pakistan's Prime Minister, Imran Khan, has asked the Frontier Works Organisation (FWO) to defer the implemen... |
Profitability review 1QFY19-20 of nine top Pakistan companies01 November 2019, Published under Cement NewsPakistan research house Spectrum Securities Ltd, while reviewing nine top cement companies' performances for the 1QFY19-20, has concluded that cement sector continues to be in turmoil, due to the shrinking construction activities, higher interest rates and excess installed capacity. Therefore, during the first quarter of FY19-20, the sector posted a net loss. Analysts from Spectrum Securities Ltd observed that in the 1QFY19-20, industry sales fell by six per cent YoY to PKR52.734bn (US$338... |
Pakistan cement industry's future outlook10 September 2019, Published under Cement NewsThe margins of the Pakistani cement industry remain under pressure in FY19 and this trend is likely to continue in FY20 on the back of poor demand, higher coal prices and interest rates, lesser allocation for development projects, and competition in local and overseas markets. Reviewing the industry performance, experts observed in the local media that the industry started making expansion plans soon after the then-government signed CPEC agreements with the Chinese government in anticipa... |
Cambodian cement demand expected to rise15 July 2019, Published under Cement NewsCambodia's construction sector is seeing demand for cement and brick rise by some 10 per cent in 1H19 and cement producers are forecasting a strong 2H19. Chip Mong INSEE Cement Corp has increased its cement supply by 10 per cent compared to the 1H18 said Tieng Vichea, the company's public and government relations manager. However, cement producers have not driven through large price increases. "Our selling prices in the first half of this year changes very similarly to production costs ove... |
Economic Survey encompasses cement industry performance in 9MFY1912 June 2019, Published under Cement NewsPakistan's government has released its economic survey for 2018-19. Reviewing the performance of the country's industrial sector including cement during 9MFY19, the survey reported that provisional growth in industrial sector has been estimated at only 1.4 per cent, mainly due to the decline by 2.1 per cent in the large-scale manufacturing sector and by nearly two per cent in mining and quarrying. The cement industry has been under pressure in this fiscal year as development expenditure h... |
Yanbu Cement targets exports09 May 2019, Published under Cement NewsYanbu Cement is targeting a rise in exports, having exported 997,000t of cement and clinker in 1Q19, approximately 40 per cent of Saudi Arabia's cement and clinker exports. Speaking on domestic demand, Ahmed Zugail, Yanbu Cement's CEO, said: "Demand has not improved in 1Q19. The sector sales dropped nine per cent YoY in the first quarter." Mr Zugail added that the government's mega projects like NEOM, the Red Sea, and Qiddiya are still in the planning and design phase. "On the other hand... |
Lafarge Malaysia to benefit if East Coast Rail Link is revived08 March 2019, Published under Cement NewsLafarge Malaysia Bhd is in a great position to benefit from a resumption of the East Coast Rail Link's (ECRL), because the cement manufacturer has won contracts under the project, says Affin Hwang Investment Bank Bhd. Lafarge Malaysia's shares rose 30 per cent yesterday on the news that the rail project might be revived, having been suspended in July 2018. "We understand that the government will likely decide after Prime Minister Tun Dr Mahathir Mohamad's visit to China in April. If the p... |
Pakistan's utilisation levels expected to keep falling06 March 2019, Published under Cement NewsCurrent downward trends in Pakistan's domestic cement demand are expected to impact capacity utilisation. Overall cement sales in the country declined by 12 per cent YoY in February 2019 to 3.3Mt, according to Intermarket Securities Ltd, quoting APCMA data. This decline was driven by local cement sales, which fell by 19 per cent YoY to 2.8Mt, with a major drag seen in sales of the north region to 2.1Mt, down 25 per cent YoY. The drop-off in demand could be attributable to several factors,... |
Private construction to increase Thailand's cement demand13 February 2019, Published under Cement NewsCement demand in Thailand is forecast to increase in the next few years after a recovery in the private construction sector, says Fitch Ratings. Fitch Ratings expects high-single-digit growth for cement demand in Thailand in 2019, while cement sales data from the Office of Industrial Economics in 3Q18 reported 3.7 per cent YoY growth and a further 2.8 per cent growth in 4Q18. Domestic cement demand for all of 2018 remained low at 0.8 per cent growth YoY. "Cement consumption should rise... |
SCG Cambodia's revenues rise 15% on strong construction actvity07 February 2019, Published under Cement NewsSCG Cambodia, a subsidiary of the Siam Cement Group, yesterday announced that revenue from sales in 2018 grew by 15 per cent, rising to US$396m. Revenue from sales in 4Q18 reached US$96m, SCG Cambodia said. Cambodia Constructors Association General Manager, Chiv Sivpheng, said demand for construction materials has been rising annually as the kingdom's construction industry grows. With increasing population and urbanisation, Mr Sivpheng said the construction industry is expected to continue ... |