Cement News tagged under: cement demand
Mindanao region poised for higher cement demand12 July 2018, Published under Cement NewsCurrently 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 2H1804 July 2018, Published under Cement NewsMalaysia 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 industry08 June 2018, Published under Cement NewsAMA 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 data21 May 2018, Published under Cement NewsAccording 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 1Q1813 April 2018, Published under Cement NewsSaudi 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 January16 March 2018, Published under Cement NewsIn 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 FY1801 February 2018, Published under Cement NewsIndian 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 ahead22 January 2018, Published under Cement NewsThe 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 6.8Mta08 January 2018, Published under Cement NewsA 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... |
New plant to open in Cambodia03 January 2018, Published under Cement NewsChip Mong Insee Cement Corporation plans to have its 2Mta plant in Kampot province fully operational early this year, according to Khmer Times. The company signed a partnership agreement with Citic Heavy Industries Company in 2016 to build the plant for US$262m. “It will produce two kinds of cement: Camel and Diamond Insee cements,” said Suy Sem, Minister of Mines and Energy in Cambodia. The total cement demand within Cambodia is expected to reach 5Mta within this year. |