Cement News tagged under: market report
High electricity costs trigger price hikes among Vietnamese cement producers23 October 2024, Published under Cement NewsVietnam’s leading cement manufacturers, including Vicem Bim Son, Bút Son, The Vissai, Thành Thang Group, and Xuân Thành Cement, have announced price hikes starting from 20 October 2024, driven by rising production costs, particularly due to higher electricity prices. The adjustment will see cement prices increase by VND50,000/t (US$1.97/t) across most producers, with The Vissai opting for a smaller rise of VND46,300/t. According to a Thành Thang Group representative, the hike follows a... |
Indian cement industry growth expected to slow in FY24-2515 October 2024, Published under Cement NewsIndia's cement industry is projected to experience a slower growth rate of 7-8 per cent this fiscal year, reaching 475Mt, according to a Crisil report. This marks a slowdown from the double-digit growth recorded in the last two financial years. The first half of FY24-25 saw modest growth of just three per cent, attributed to a prolonged heatwave and labour shortages due to general elections. However, the second half is expected to see improved performance, driven by a revival in rural hou... |
Indian cement sector to face revenue decline in Q2FY2025 amid weak demand10 October 2024, Published under Cement NewsIndia's cement sector is expected to witness a 7.2 per cent year-on-year (YoY) drop in revenues for Q2FY25, driven by an 8.7 per cent YoY fall in realisations, according to a report by Sharekhan, a leading retail brokerage firm in India. The report highlights that despite a marginal volume growth of 1.7 per cent YoY, the sector continues to face weak demand, primarily due to sluggish infrastructure projects and adverse weather conditions. The monsoon season, combined with a delay in gove... |
Vietnam halts production amid oversupply crisis and looks to 2026 recovery13 September 2024, Published under Cement NewsVietnam's cement industry is currently facing severe challenges, with the Ministry of Construction reporting sharp declines in production and sales throughout 2023 and into the first eight months of 2024. In 2023 cement production fell to 76.93Mt against a capacity of 143.46Mta in 2022, resulting in the shutdown of 42 out of 92 production lines for up to six months, with some ceasing operations altogether. The situation is expected to worsen in 2024, with production forecast to drop furth... |
Vietnam's cement industry leaders call for action following 42 line stoppages11 September 2024, Published under Cement NewsProduction in the Vietnamese building materials sector has seen a sharp decline, with the Ministry of Construction reporting significant drops in both production and sales throughout 2023 and the first eight months of 2024. The cement industry, in particular, has been hit hard, with total production for 2023 reaching only 92.9Mt when compared with a capacity of 122.34Mta. This shortfall led to 42 out of 92 production lines being halted for up to six months, with some ceasing operations entir... |
Egypt’s cement consumption expected to fall to 45Mt in 202409 September 2024, Published under Cement NewsCement consumption in Egypt is expected to decline to 45Mt this year, compared to 47Mt in 2023, according to Ahmed Shireen, head of the Federation of Egyptian Industries' (FEI) cement division. In relation to this, multiple local contracting firms have temporarily suspended projects over the last two weeks. This suspension comes as a result of a decline in cement supply to their respective sites, according to official representatives from the firms. The officials attributed the cement sho... |
USA imports back on top30 August 2024, Published under Cement NewsWhile cement and clinker imports into the USA saw robust growth in 2021-22, last year import growth was largely absent. Nevertheless, the country regained its position as the world’s top cement and clinker importer. by Rob Roy, ROI Economic Consulting , USA Figure 1: US cement and clinker imports by type, 2000-23 (© US Census Bureau) T he USA has imported more cement per year than all other advanced economies for decades and is often the largest cement importer in the wor... |
Colombia’s drive to decarbonise30 August 2024, Published under Cement NewsAs green shoots appear in the Colombian economy and the construction sector looks forward to new growth, particularly in the civil works sector, cement companies are hoping they have seen the back of the recent two-year market contraction. After charting a route towards the sector’s decarbonisation by 2050, the industry continues to invest in decarbonisation of its operations. by Muriel Bal, ICR Research, UK. Following a disappointing 2023, Colombia’s cement market is expected to se... |
Ecuador: en route to decarbonisation05 August 2024, Published under Cement NewsThe Ecuadorian Cement and Concrete Institute (INECYC) recently launched its decarbonisation road map in collaboration with FICEM, the Interamerican cement federation. With the publication of this document, the country’s cement sector signals it is time for concrete action to reduce its carbon footprint and support the country’s efforts in lowering its carbon emissions. By Muriel Bal, ICR Research, UK As Ecuador charts its path towards decarbonisation, the country’s cement industry pla... |
Brazil’s better tomorrow15 July 2024, Published under Cement NewsAfter a challenging few years, the outlook for the Brazilian cement industry is improving with renewed public investment in infrastructure and housing expected to generate moderate growth of cement demand. Private investment in housing is also forecast to support cement consumption in 2024. By SNIC, Brazil. As Brazil’s economy shows signs of picking up, the country resumes building a more prosperous future (© Raphael Paulino Goncalves) T he Brazilian economy grew by 2.9 p... |