Cement News tagged under: forecast
Chinese cement companies expect significant rise in 1H net profit10 July 2019, Published under Cement NewsHuaxin 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 NewsThis 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 NewsThe 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... |
PT Indocement27 February 2019, Published under Cement NewsCement consumption in Indonesia grew by five per cent in 2018, compared to 7.6 per cent the year before, and is projected to expand by four per cent in 2019, according to PT Indocement. Although consumption in 2019 will continue to be driven by infrastructure projects, and the completion of commercial and residential projects, US policies to increase interest rates and reduce corporate tax have had an impact on the Indonesian economy, warned the company. Strong bulk cement demand is expec... |
UltraTech27 February 2019, Published under Cement NewsCement demand in India is expected to expand by 1.2 times the GDP growth rate over the long term, according to UltraTech. This will be driven by increased government spending on large infrastructure projects and low cost housing. Just last month the Reserve Bank of India forecast an economic growth rate of 7.4 per cent for 2019-20. India is home to around 65 cement producers with over 220 plants. Total installed capacity stands at around 470Mta, of which UltraTech controls 105Mta. With pe... |
Vietnam expected to record 8-9% cement sales increase25 February 2019, Published under Cement NewsVietnam is expected to record an 8-9 per cent YoY rise in cement sales to 98-99Mt in 2019, according to a forecast by the country’s Ministry of Construction. Of this, domestic sales would consist of 70Mt while the additional 29-30Mt would be exports. Two more production lines are also expected to push cement output to 101.74Mt from a total of 84 lines. The country produced 90.2Mt of cement in 2018. |
Saudi megaprojects unable to halt cement demand decline in 201921 February 2019, Published under Cement NewsSaudi Arabia’s high-profile large-scale project will be unlikely to halt a fall in cement demand in 2019, according to Al Rajhi Capital. The third-quarter of 2018 saw sales volumes decrease by 13 per cent YoY with average sales prices remaining week despite the price hike in the fourth quarter experienced by some cement producers. In 2019 this decline in demand is expected to continue as the government’s capital spending remains limited and construction costs rise. The research house for... |
Scotiabank forecasts 6% growth in Peru’s cement demand04 February 2019, Published under Cement NewsCement consumption in Peru is predicted to expand by around 6.5 per cent in 2019, according to Scotiabank. The bank attributes the third-consecutive annual rise to a higher level of real estate investment. This positive evolution would be supported by increased private and public investment expected for this year, said Carlos Asmat, senior analyst of the Department of Economic Studies of the bank. "Private investment would grow partly driven by the performance of mining investment during 2... |
Oficemen downgrades growth forecast11 October 2018, Published under Cement NewsCement producers have reduced their growth forecast for 2018 from 12 per cent to seven per cent, according to Oficemen, Spain’s cement association. They attribute the lower growth rate to the economic slowdown and “paralysis” that governs the execution of public work. The extra demand generated by new housing is unable to offset the lower civil works activity, which accounts for the majority of cement consumption, according to the association. The construction of flats now accounts for 28 ... |
Gaining momentum in 2018?03 January 2018, Published under Cement NewsThe positive outlook predicted at the start of 2017 has not entirely materialised as emerging markets (EM) have failed to see the widespread recovery that was anticipated a year ago. However, momentum for a recovery is expected to arrive in 2018 as demand in the EM picks up and the USA experiences robust growth. By John Fraser-Andrews, HSBC Global Research, UK. Figure 1: emerging market (ex-China) volume growth to outstrip new capacity in 2018E-19E The synchronised global const... |