Cement News tagged under: economy

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US growth settles down

20 April 2020, Published under Cement News

While the US economic cycle is expected to reach maturity in 2020-21, its construction market is forecast to remain relatively robust. As a result, the Portland Cement Association (PCA) forecasts modest growth for the cement sector in the medium term. By Ed Sullivan, PCA, USA. Figure 1: US economic growth, 2001-23 The United States economy and construction market are expected to remain relatively strong during 2020-21. However, the economy is entering a mature stage in the busin...

US growth settles down

19 March 2020, Published under Cement News

While the US economic cycle is expected to reach maturity in 2020-21, its construction market is forecast to remain relatively robust. As a result, the Portland Cement Association (PCA) forecasts modest growth for the cement sector in the medium term. By Ed Sullivan, PCA, USA. Figure 1: US economic growth, 2001-23 (Source: PCA) The United States economy and construction market are expected to remain relatively strong during 2020-21. However, the economy is entering a mature stag...

Global headwinds hinder US

03 May 2016, Published under Cement News

There is plenty of reason for optimism in the United States as its economy is making progress, underpinned by sound job creation, low inflation and healthy consumer sentiment. However, it is not immune from the wider global forces, and weak oil prices will impact cement consumption growth. In this market update, the PCA presents its revised forecast for the period up to 2020. By Ed Sullivan, Portland Cement Association, USA. Oil prices remain under pressure The current economic ...

PT Indocement

02 March 2016, Published under Cement News

Weak cement demand in Indonesia contributed to a 1.5 per cent decline in revenue for HeidelbergCement’s Asia-Pacific Group in 2015. The group’s cement, clinker and GGBS sales volumes also fell in the region, down by 4.5 per cent to 23.5Mt, compared to 2014. The poor demand is being blamed on Indonesia’s excess cement production capacity putting pressure on prices, and delays in infrastructure programmes. According to the company, disappointing sales volumes are also being attributed to “the ...

Cementos Argos

02 March 2016, Published under Cement News

The final quarter of 2015 saw Cementos Argos record 54 per cent growth in consolidated revenue to COP2.2trn (US$658.2m) while EBITDA jumped by 123 per cent YoY to COP409bn, representing an EBITDA margin of 19 per cent. Cement volumes for the quarter increased by 13 per cent to 3.6Mt and ready-mixed concrete volumes grew by three per cent to 2.9Mm 3 . According to the company, the growth in revenue was attributed to increased volumes in most areas, structural improvements in efficiencies and ...

Anhui Conch

28 October 2015, Published under Cement News

China's cement producers, including Anhui Conch, will be watching closely to see if recent economic measures by the country's government result in the desired calming of the economic nerves. “The Chinese decision indicates that the authorities are clearly worried about the slowdown in the pact of economic growth and have decided to engage in more pre-emptive action,” says Sanjiv Shah of Sun Global Investments speaking to The Guardian. A slump in imports raised new concerns over the outloo...