Cement News tagged under: consumption
SCG expects slower 2014 growth on impact of political instability31 January 2014, Published under Cement NewsSiam Cement Group (SCG) said it expects cement demand growth in Thailand to decelerate this year compared to the seven per cent advance seen in 2013, due to a slowdown in government infrastructure spending as a result of political unrest. Consumption has only increased by two per cent since the beginning of this year, versus a six per cent advance in the fourth quarter of last year, Reuters quoted Siam Cement chief executive Kan Trakhulhoon, as saying. Trakhulhoon has said growth of its... |
Spanish cement demand drops 19% in 201329 January 2014, Published under Cement NewsThe Spanish cement market contracted by a further 19.2 per cent in 2013, bringing national cement consumption to 10.981Mt from 13.597Mt the previous year, according to Oficemen, the cement association of Spain. The country’s cement producers, who experienced the sixth-consecutive year of double-digit decreases, were forced to rein in output by 14.9 per cent, producing 13.17Mt during the year. Exports, which provided a lifeline against slinking domestic sales, saw a notable slowdown in ... |
Indonesian demand expected to rise by 6-7%29 January 2014, Published under Cement NewsIndonesian cement consumption is expected to grow at a similar rate to 2013 despite cement price increases, as producers look to compensate for higher electricity costs and lower growth forecasts. Widodo Santoso, chairman of the Indonesian Cement Association, told the Jakarta Post that cement demand is expected to rise to 63Mt this year, a YoY increase of 6-7 per cent. Around 1Mt of demand is expected to be met by imports. Last year domestic consumption reached 58Mt, increasing by abo... |
Pakistan cement sector growth rises 5.2% in FY1320 January 2014, Published under Cement NewsPakistan’s central bank reported growth in the domestic cement sector in FY13 of 5.2 per cent compared to 2.9 per cent the year before. The annual report released last week by the State Bank of Pakistan shows that total growth in large-scale manufacturing recovered from just 1.1 per cent in FY12 to 4.4 per cent in FY13 – the highest rate in the past five years. Officials attributed the growth in the cement and construction industry to stability in building materials prices, a higher all... |
Steppe Cement revenue rises as Kazakh demand rises 13%16 January 2014, Published under Cement NewsKazakhstan producer Steppe Cement said its 2013 revenue was 8.7 per cent higher YoY, as demand in the central Asian country increased by an estimated 13 per cent to 8.1Mt during 2013. The company generated revenues of KZT19.47bn during the year, up from KTZ17.91bn in 2012. Cement sales reached 1.37Mt, up from 1.35Mt in 2012m an increase of 1.3 per cent. Steppe said this gave it a market share of 17 per cent. The average price for delivered cement, excluding VAT, was KZT14,425/t, comp... |
Myanmar: a new frontier market15 January 2014, Published under Cement NewsResource-rich Myanmar is undergoing a dramatic transformation, with massive economic and political reforms heralding a new era for this Southeast Asian nation. A plethora of joint ventures with foreign companies seeking to establish new cement companies reflects the improved investment environment and optimism for this frontier market. By Soe Naing, Kanbawza Industries Ltd, Myanmar & ICR Research. Prospects for Myanmar are good if the country can establish a reliable energy network... |
Conch expects strong rise in 2013 profit15 January 2014, Published under Cement NewsAnhui Conch, the leading cement producer in China by market value, said it expects a 50 per cent rise in net profit attributable to shareholders for 2013. In 2012, the company posted a net profit of CNY6.31bn (US$1.043bn) with basic earnings per share of CNY1.19. According to a statement filed with the Shanghai Stock Exchange, the company said the improved performance in 2013 was due to steady growth in consumption and a reduction in new capacity coming onto the market. Over the ... |
Argentina reports annual consumption gains09 January 2014, Published under Cement NewsCement consumption in Argentina increased by 16.1 per cent YoY in December to reach 914,964t, latest data from industry association AFCP shows. However, despite the annual increase, the December 2013 figure was 12.6 per cent lower compared to demand in November 2013. Portland cement shipments by the domestic industry (including exports) were 927,964t in December 2013, also down 12.6 per cent from November's figures, but 14.7 per cent higher YoY. |
Morocco sales recovery in sight?08 January 2014, Published under Cement NewsOverall Moroccan cement sales proved disappointing through 2013, but industry body Association Professionnelle des Cimentiers (APC) is hopeful of an upturn this year. During the first 11 months of the year, cumulative cement sales declined by 6.52 per cent YoY, according to the latest APC data. Demand has been affected by credit constraints, the completion of some major public and private development projects, and a MAD15m cut to the state’s 2013 investment budget. Cement sales fell ... |
Global cement 2014 outlook06 January 2014, Published under Cement NewsNew year, new challenges. As the cement industry looks into 2014, what will the New Year bring? By Yuri Serov, Morgan Stanley, UK. Challenges and outlook for the global cement industry in 2014 The year 2013 was not meant to pan out this way. A year ago most market watchers were looking forward to a year when recovery would entrench itself across the board. Western Europe was the region on which everyone focussed. Sure, in 2012 it produced another large fall under the weight of a... |