Cement News tagged under: cement demand

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Malaysia: cement production down 4.2% in six months to June

01 August 2016, Published under Cement News

Demand for cement in Malaysia looks set to grow but slowly in 2016 as production numbers for the first half of the year indicate. According to reports in the Edge Financial Daily, cement production fell by 4.2 per cent in 1H2016, with demand forecast to grow by just three per cent under the most optimistic projections. In an interview with Edge, Thierry Legrand, CEO of Lafarge Malaysia, said: “[Demand] is likely lower than last year, as whether the expected infrastructure projects can ...

India: ICRA forecasts cement demand to rise 6% in FY17

30 June 2016, Published under Cement News

Indian-based ratings agency ICRA has forecast that domestic cement demand will rise by six per cent in the 2016-17 financial year, the Economic Times reports. It’s assessment for FY18 is for even more rapid growth of seven per cent. Senior Vice President Sabyasachi Majumdar said: "Cement demand growth will pick up to six per cent in 2016-17 and further to seven per cent in 2017-18... during the current fiscal, it is likely to be driven by the pick-up in the infrastructure segment - primar...

UltraTech Cement

29 June 2016, Published under Cement News

UltraTech Cement, along with ACC and Ambuja Cements, have hailed India’s Smart Cities as playing a key role in the medium- to long-term outlook for cement demand in the country. But a meeting this weekend (2 July) raises questions as to just how viable the Smart City concept really is. The Smart City idea is based on overlaying the city’s infrastructure – water supply, sewage, waste collection, urban mobility and other service provisions – with ICT solutions. In June 2015 India’s prime mi...

Pakistan cement industry's US$1bn expansion

03 June 2016, Published under Cement News

The steady growth of Pakistan’s cement industry saw the sector attract investment of US$1bn in the current financial year, an economic survey has revealed. Economic Survey 2015-16, released today by Pakistan’s Ministry of Finance, finds that the cement industry is focussing on capacity expansion in view of ever-growing domestic demand and a focus on exports to African markets. Four companies have already announced further investment plans: Cherat Cement, Attock Cement, DG Khan Cement and ...

Pakistan: new federal budget to increase cement demand

02 June 2016, Published under Cement News

Pakistan’s new federal budget, set to be announced in the next few weeks, looks set to provide a fillip for the country’s cement producers by boosting demand. Through the federal and provincial Public Sector Development Programmes (PSDPs) the government has allocated PKR1675bn (US$16bn) for infrastructure projects, including roads and dams. However, the budget might also change the way in which Federal Excise Duty is applied to cement. Currently the tax is levied at five per cent of retai...

Indonesia: cement sales up 5% in 1Q16

09 May 2016, Published under Cement News

Indonesia's domestic cement sales rose to 14.43Mt in 1Q16, up five per cent from the same period last year of 13.84Mt. The rise appears to be driven partly by the development of government infrastructure projects, power plants and smelter projects. The Head of Indonesia Cement Association (ASI), Widodo Santoso, was quoted by Investor Daily as saying that the rise of cement sales was as expected by ASI. “We hope the sales will increase in the coming months.”

India: UltraTech’s profits rise to US$109m for 1Q16

29 April 2016, Published under Cement News

UltraTech Cement’s quarterly earnings statement for 1Q2016 show consolidated net profit growth of 10 per cent reaching INR7.23bn (US$109m) for the year to March, according to a report in Mint. Capacity utilisation was also higher in 1Q2016, rising by five per cent to 84 per cent. Volume sales rose by 15 per cent YoY, but revenues increased more slowly – by five per cent – due to declining prices. UltraTech’s EBITDA grew by just three per cent YoY despite improvements in cost efficiencies....

Morgan Stanley: cement consumption to grow 4% YoY to 2020

25 April 2016, Published under Cement News

New research from Morgan Stanley predicts that worldwide cement demand excluding China has turned a corner and will grow at an annualised rate of four per cent between 2016 and 2020. The investment firm is particularly bullish about India, South Asia and sub-Saharan Africa, all of which it forecasts will see consumption grow by more than five per cent per year over the period (with Indian demand set to expand at 6.7 per cent). However, consumption in China is predicted to fall by 1.2 per ...

South Africa: Cement sales up 7.7% in 2015

19 April 2016, Published under Cement News

Consumption of cement in South Africa rose by 7.7 per cent YoY in 2015 following a drop in sales the previous year. According to figures released by PPC, volumes reached 13Mt in 2015 thanks to strong demand from the construction sector. Responding to the news, Business Day pointed to the positive impact from projects to build new power stations and hydroelectric plants. Sales grew fastest in 1Q15, when they were up 15.6 per cent YoY. Growth in Q2 was slower at 1.5 per cent, with volume...

Kazakhstan: Steppe Cement sales down as demand tumbles

18 April 2016, Published under Cement News

Steppe Cement has seen sales and revenue fall in the first quarter of 2016 as the company predicts that demand in Kazakhstan will be 11 per cent lower this year than it was in 2015. According to a report from DigitalLook, Steppe Cement’s volumes were down one per cent YoY in Q1 2016, falling to 190,953 tonnes. Revenues fared worse, falling by 12 per cent to KZT2.3bn (US$6.8m) over earnings in the same period last year. Ex-factory prices have declined by 13 per cent.  Despite this, Step...