Cement News tagged under: cement demand

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Saudi Arabian cement sales down 16% in January

15 February 2017, Published under Cement News

Domestic cement deliveries in Saudi Arabia in January 2017 were 15.9 per cent lower than in the same month the previous year, according to statistics released by Yamama Cement. At 4.78Mt, cement sales in the country were significantly below the January 2016 figure of 5.68Mt. Meanwhile, Saudi producers continue to amass clinker stocks, adding another 0.4Mt to their reserves in January. Clinker stocks now amount to 28.5Mt – enough to supply more than six months of Saudi cement demand at ...

Pakistan: capacity utilisation tops 90% in December 2016

02 February 2017, Published under Cement News

According to figures released by the All Pakistan Cement Manufacturers Association (APCMA), cement sales in December 2016 reached 3.56Mt, with capacity utilisation running at 90.9 per cent, the Nation newspaper reports. The first six months of Pakistan’s 2017 fiscal year, which began in June 2016, has seen local cement consumption rise by 11.1 per cent on the same period in 2015. Declining export sales have been more than matched by rising local demand, with the result that total shipm...

Lucky Cement sees half-year profits rise 12.5% to US$67m

27 January 2017, Published under Cement News

Lucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m). In a statement to the Pakistan Stock Exchange, Lucky revealed that it had sold 3.5Mt of cement and 235,000t of clinker during the first six months of FY17. Cement sales improved over the previous year by 5.4 per cent, while no clinker sales at all took place in the corresponding period in FY16. Cement production also rose to 3.5Mt, up six per cent on FY16, while clin...

SCG predicts Thai cement consumption will recover in 2017

26 January 2017, Published under Cement News

Despite a disappointing performance in 2016, Siam Cement Group believes that demand in the Thai market will recover in 2017, reaching some 40Mt, the Bangkok Post reports. In figures released for the fourth quarter of 2016, SCG revealed that domestic demand fell three per cent YoY. For 2016 as a whole, demand fell by two per cent. The company also saw a decline in exports, shipping 2.6Mt of cement and 1.1Mt of clinker in 2016. In the previous year, the corresponding figures were 3.6Mt a...

Saudi Arabia: Yamama Cement mothballs five clinker lines

26 January 2017, Published under Cement News

In an announcement to the Saudi Arabian stock exchange, Yamama Cement has said that it will temporarily close five clinker production lines with a combined capacity of 5600tpd. The company said that current market market conditions had led to a rise in clinker stocks throughout the sector in Saudi Arabia and for this reason the firm had decided to suspend production at its oldest facilities. 

Pakistani cement demand set to rise 47% in next five years

05 January 2017, Published under Cement News

Domestic cement consumption in Pakistan is predicted to rise at an average annual rate of eight per cent over the next five years, an increase of nearly 47 per cent in total. Analysts point to the development of the China-Pakistan Economic Corridor (CPEC), higher government spending in the pre-election period and an increase in private sector construction activity as the main drivers of this growth. In FY2016, overall cement dispatches rose 10 per cent YoY to 38.8Mt, with local sales r...

India: fuel cost rise puts squeeze on margins

21 December 2016, Published under Cement News

The rising cost of coal and petcoke have put pressure on cement producers even as the impact of demonetisation is depressing demand and bringing down prices, the Business Standard reports. Cement prices in southern India have fallen by INR30 to about INR300 (US$4.42) a bag, while prices in the west are lower still, having slipped to INR245. Analysts believe that demand will fall by 15-20 per cent in December. Meanwhile, petcoke imports have increased in price from US$72.13/t in July to...

India: falling demand and rising petcoke prices threaten profits

08 December 2016, Published under Cement News

The Economic Times reports that petcoke prices – which have risen by over 36 per cent since the start of the year – are likely to put a squeeze on cement company profits. This comes on top of the disastrous impact that the withdrawal of higher denomination rupee notes has had on the economy. The Reserve Bank of India’s failure to provide enough new-style notes has had a profound and negative effect in a country where 98 per cent of all transactions are carried out via cash. An analyst ...

A fragile but positive outlook

05 December 2016, Published under Cement News

While South America’s cement markets may have been considerably affected by the economic downturn, the Central American countries of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama are hopeful of a better future. Domestic cement producers are looking for an upturn in cement demand, particularly following recent increases in their production capacities. By Rob Roy, ROI Economic Consulting, USA. In Honduras Argos operates the 1.3Mta Piedras Azules integrated...

India: demand set to rise in Telangana and Andhra Pradesh

09 November 2016, Published under Cement News

Manufacturers in the southern Indian states of Telangana and Andhra Pradesh have said that they expect cement demand to increase by around 20 per cent over the next 2-3 years, reports The Hindu newspaper. “The ongoing infrastructure projects in the two states along with government demand for welfare schemes are expected to drive growth for next two-three years,” said S Sambasiva Rao, executive director, My Home Industries, which sells Maha Cement. Current demand in the two states is es...