Cement News tagged under: demand
Thailand demand growth to halve in 201424 March 2014, Published under Cement NewsThe protracted political crisis in Thailand is impacting the domestic construction market, and cement consumption is expected to grow at half the rate expected, according to President and CEO of Siam Cement Group. "The overall market of cement and construction materials has shrunk over the past couple of months thanks to the sluggish economy which has been hit by the prolonged political problems,'' Mr Kan told the Bangkok Post. "Earlier we forecast the two industries should increase by 8-9... |
Congo Rep opens Dolisie cement plant24 March 2014, Published under Cement NewsDenis Sassou Nguesso, President of the Republic of Congo, inaugurated a new cement works in Dolisie, located in the south west province of Niari, on Saturday 22 March. The 0.3Mta works was financed and built by China-based Forspak International, who invested XAF34bn (US$71m). Forspak CEO, Pen An Ping, said the plant will contribute significantly towards satisfying the country’s demand for cement. According to the industrial development and private sector minister Isidore Mvouba, current c... |
Vietnam’s balancing act04 December 2013, Published under Cement NewsThe economic slowdown and the real estate bubble in Vietnam have resulted in a sharp decrease in cement demand in the past few years and an oversupply is envisaged in the years to come. However, the overall surplus situation barely scratches the surface, as balancing regional supply and shortages poses a far more complicated issue that must quickly be addressed. By Huong Thieu and Duy Nguyen, StoxPlus Corp, Vietnam. While the north and central Vietnam faces a surplus cement supply sce... |
Prism Cement's credit metrics seen improving from FY1504 December 2013, Published under Cement NewsIndia-based cement producer Prism Cement Ltd is expected to see an improvement in credit metrics from FY15 on the back of an overall improvement in operating efficiency and an absence of any debt-led capex, according to a recent note by India Ratings. It has assigned Prism Cement Limited (PCL) a Long-Term Issuer Rating of 'IND A-'. The Outlook is Stable. The research house notes that the sharp deterioration in PCL's financial profile in FY13 was largely driven by the breakdown of a silo a... |
Dangote02 December 2013, Published under Cement NewsSales growth at Dangote Cement continues to outpace the Nigerian cement market with group sales volumes up 29.5 per cent to 9.95Mt, compared to the same period last year. Pre-tax profit for the nine-month period rose 42.6 per cent to NGN151.7bn (US$957m), while EBITDA grew 35.9 per cent to NGN181.1bn (US$1142m). Consolidated group revenue was up 28.7 per cent to NGN289bn (US$1822m) and gross profit reached NGN189.4bn (US$1195m), up 39.4 per cent. Following a deferred tax credit of NGN4.4bn... |
Argentinan capacity at its limits?07 November 2013, Published under Cement NewsCement production capacity in Argentina is reaching its limit, according to Sitio Andino. The rupture of a filter that paralysed Loma Negra’s San Juan works for a month-and-a-half, at a time when the Mendoza construction sector enjoyed a recovery, has highlighted the tight fit between supply and demand in the South American country. Delivery lead times shot up to 30-45 days and prices surged at retail level to around US$58/50kg bag. Loma Negra and Holcim, two major cement producers recog... |
Iraq can grow with security23 May 2013, Published under Cement NewsWith considerable growth potential in the Iraqi cement market, the government is not only keen to rehabilitate the old plants but also aims to encourage new investors to enter the country. However, the task is a difficult one because of the continued political instability, the prospects for further unrest and inadequate energy supplies. Iraq’s cement industry has potential to grow, but it is restricted by political uncertainty and a lack of energy provision Iraq is a nation that... |
India: brighter times in sight?20 May 2013, Published under Cement NewsThe Indian cement sector continues to face a number of issues which have been heightened by weaker-than-expected demand following the monsoon season. This article brings recent developments to the forefront and explores whether an improved outlook can be anticipated. After an encouraging start to 2012, India saw a disappointing 2H performance India’s cement industry has once again hit the stumbling blocks. Despite an encouraging start to 2012, cement demand during the post-monso... |
Vietnam market remains sluggish29 March 2013, Published under Cement NewsThe Vietnamese Ministry of Construction said that cement consumption was estimated at 3.7Mt in February, accounting for 7.4 per cent of this year’s plan. The cement market remained subdued though producers continued to offer 3-5 bags of cement for free on 100 bags of cement. The Ministry’s plan foresees a cement demand of around 56-57Mt, of which the domestic market is expected to absorb 48.5-49Mt. The remaining 7.5-8Mt. is earmarked for exports, which in February touched 0.52Mt. ... |
Moroccan cement market down 18% in 2M1329 March 2013, Published under Cement NewsCement demand in Morocco during the first two months of the year fell by 18 per cent as the recovery of the construction sector remains out of reach. Total cement consumption over the two months is 2.4Mt. Public works are feeling the pinch as is the new tax regime on the sale of undeveloped land. Capital gains on these sales have seen an increase in tax rate from 20 to 30 per cent on land held for more than five years. Meanwhile, cement prices remain stable at MAD1100. |