Cement News tagged under: forecast

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Brazil's SNIC urges short-term caution with sunnier outlook from 2022

18 May 2021, Published under Cement News

Commenting on the latest consumption data of the Brazilian cement market, the country’s cement association, SNIC cautioned against too much optimism for 2021: “The cuts in the federal government budget, mainly in activities such as infrastructure and housing programmes such as Casa Verde Amarela, macroeconomic instability, exchange rate devaluation, inflation, rising unemployment, the slow pace of vaccination and the loss of the wage bill come reducing optimism and further increasing the unc...

Ecebol plant to produce 0.573Mt of cement in 2021

28 April 2021, Published under Cement News

State-run Ecebol expects its plant in Oruro, Bolivia, to produce 0.573Mt of cement in 2021, according to Jose Luis Jimenez, the company’s manager. It is forecast to achieve sales of over BOB463m (US$67.2m). The plant was inaugurated in August 2019. Its output is IP-40 and IP-30 cement.

PCA releases Spring Forecast for US demand

12 April 2021, Published under Cement News

USA-based Portland Cement Association (PCA) has recently presented its annual Spring Cement Consumption Forecast, predicting an increase in cement consumption for 2021 and 2022 in the country. "Remarkably, US cement consumption recorded two per cent growth during 2020. It is remarkable because COVID-19 exerted a terrible toll on the economy. Consumers bunkered down; states enacted rigid lockdowns. Real GDP declined to a rate not matched since 1946 as the economy transitioned from war time...

Indocement targets 4% sales growth

19 January 2021, Published under Cement News

HeidelbergCement-owned PT Indocement Tunggal Prakarsa Tbk is targeting a four per cent sales volume growth this year on the condition that the business world will resume operations following COVID-19 vaccination programmes, according to the company’s Director and Corporate Secretary, Antonius Marcos. Last year sales of the Indonesian cement producer reached 16.5Mt and the new objective sets expected sales in 2021 at 17.16Mt. However, the growth target remains below the 18.1Mt sales of 2018 ...

PCA: US cement demand to see modest decline in 2020-21

16 October 2020, Published under Cement News

The US Portland Cement Association (PCA) forecasts a modest decrease in cement consumption in 2020 and 2021 of 1.5 and 0.9 per cent, respectively. Its annual Fall Forecast discusses three economic scenarios, all based on a significant increase in COVID-19 infections during the 4Q20. The "U" shaped scenario would entail an increase in COVID-19 consistent with many baseline epidemiologist's projections. In this scenario, the economy achieves a gradual sustained recovery. 2021 cement consumpti...

Germany's VDZ extends cautious outlook

02 September 2020, Published under Cement News

Speaking about the development of the German cement market, Christian Knell, president of Germany's cement association VDZ, says "It has rarely been so difficult to make a forecast as it is this year.” Since March 2020 the coronavirus pandemic has created a great deal of uncertainty amongst most people and companies in this country. So far the cement manufacturers have had no grounds for complaint, not least because favourable weather conditions helped the cement market to get off to a goo...

PCA forecasts moderate cement consumption and GDP growth to 2021

23 October 2019, Published under Cement News

The US Portland Cement Association (PCA) has published its annual Fall Forecast in which it predicts moderate growth for cement demand through 2019 and into 2020. PCA Market Intelligence expects cement consumption will expand by 2.4 per cent in 2019, followed by a 1.7 and 1.4 per cent in 2020 and 2021, respectively. "Public construction continues to receive the benefit of the 2018 federal budget that allowed for $20 billion in spending on roads, bridges, water, and rail projects over 2018 a...

Chinese cement companies expect significant rise in 1H net profit

10 July 2019, Published under Cement News

Huaxin Cement has forecast a rise in net profit between 46-56 per cent YoY from CNY2.1bn (US$305m) in the first half of 2019 when compared with the 1H18, according to Reuters. Tangshan Jidong Cement is expecting its first-half net profit to rise between 57.8-63.2 per cent from CNY918.92m in the 1H18.

Can Titan expect a better 2019?

24 May 2019, Published under Cement News

This week Titan Group announced its first-quarter 2019 results which saw a 12.5 per cent rise in turnover but also a EUR6.2m loss appearing on the company’s profit and loss account. While the US market and southeastern Europe returned healthy business results, the company’s performance was more muted in its other markets, particularly in Egypt and Turkey. However, going forward Titan sees the overall group outlook for 2019 as more favourable. The USA is Titan’s most important market, ge...

White cement market to expand by 3%

28 February 2019, Published under Cement News

The global white cement market is forecast to grow by 2.8 per cent CAGR by 2022 on the back of rising construction activity in emerging economies, according to Radiant Insights. In addition, more flexibility in government standards in developed countries is also expected to lead to additional use of white cement in the construction of commercial spaces. Planned projects in North America and Europe are also expected to require white cement while in the Middle East and African markets will b...