Cement News tagged under: market report
Iraq: time for growth?16 April 2024, Published under Cement NewsIraq is starting to see investment and action in the construction sector led by higher cement demand. The country’s government is pushing its agenda for new infrastructure and for the doubling of cement capacity. Infrastructure and housing plans drive cement demand in Kurdistan, Iraq, where the industry continues to expand (© Al Orfali) When the COVID-19 pandemic struck in 2020, the Iraqi economy declined by 15.7 per cent. Its recovery to pre-2019 levels took two ... |
Indian cement leaders will expand capacity by 42.1Mta in FY24-2508 April 2024, Published under Cement NewsUltraTech Cement announced plans to commission an additional 5.4Mta of production capacity, which will bring its overall capacity to 151Mta. This expansion is part of a wider effort to increase its production by 21.6Mta in FY24-25. ACC-Ambuja Cement, the company’s closest competitor, has also announced an addition of 11.6Mta of capacity in FY24-25. Kolkota-based Shree Cement Ltd announced that it has commissioned a further 3Mta of capacity. Industry analysts estimate that the compa... |
Eastern Europe’s bid for growth02 April 2024, Published under Cement NewsICR has been assessing the eastern European cement markets of Czech Republic, Hungary and Romania. While decarbonisation is a central theme of all European cement markets, producers are also looking to improve plant efficiencies and are investing in new plant equipment. The eastern European cement industry looks forward to a pick-up in cement demand in 2024 while it takes steps to decarbonise its operations (© Heidelberg Materials) The economic outlook in eastern Europe ha... |
Prospects for the GCC industry19 February 2024, Published under Cement NewsThe Gulf Cooperation Council (GCC) economy has come under pressure from falling oil revenues, but economic diversification is paying off. Moving into 2024, cement market growth is expected across the region, headed by construction projects in Saudi Arabia and UAE, but cement overcapacity continues to overshadow the production base. The GCC cement markets of Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain are poised for growth in 2024, lead by residential and commercial activ... |
Morocco: better times ahead?05 February 2024, Published under Cement NewsFollowing a challenging business environment in 2022, Moroccan cement producers can look forward to better times. However, overcapacity will see producers look beyond the country’s borders as they develop export markets to sell production surpluses. Economic growth is set to resume as Morocco recovers after the COVID-19 pandemic (© © J.K2507) Morocco’s economic growth fell by 7.2 per cent YoY in 2020 but recovered the following year, when GDP expanded by eight per cent. In 2022... |
Thailand’s low-carbon transition22 January 2024, Published under Cement NewsThailand’s plan to accelerate state investment despite high debt levels is expected to result in favourable construction growth. Meanwhile, the country’s cement industry is in the midst of transforming itself into low-carbon production base using decarbonisation tools already available to the sector as well as exploring emerging solutions. Public investment is projected to remain a key driver, increasing over the next few years in line with the government’s infrastructure plans (© ... |
Pakistan: navigating uncertainty18 December 2023, Published under Cement NewsPakistan continues to face political and economic uncertainty, while the government has to find solutions to the impact of flood damage caused by last year’s devastating monsoon. The cement sector is in a capacity expansion cycle, but domestic sales have been on a downward trend, while prices have risen steeply to match coal price increases. Pakistan has seen slowing economic growth and political uncertainty in recent years, while relief efforts following devastating floods conti... |
A new era for Nigeria05 December 2023, Published under Cement NewsNigeria’s new president signals the dawn of a new era as the west African country aims to address long-standing macroeconomic imbalances. The domestic cement sector continues to add additional capacity in view of long-term market potential, but a number of stumbling blocks need to be overcome before latent demand is realised. By Moses Waireri Njuguna, EFG Hermes, Nigeria. The inauguration of Nigeria’s new president is heralded as a new era for Nigeria as the country aims to address... |
India: riding the growth wave21 November 2023, Published under Cement NewsIndia, the world’s second-largest cement market, has demonstrated strong resilience and recovery since the COVID-19 pandemic. The country is now on course for a higher, sustainable demand trajectory and the cement sector is adding fresh capacity as it prepares to ride this new, long-awaited growth wave. The Indian cement industry is at the start of a new chapter as all the key factors align for higher, sustainable growth prospects (© Ganeshkumar Durai) India is set to retain ... |
Egypt: controlling the variables06 November 2023, Published under Cement NewsEconomic headwinds are exerting pressure on Egyptian cement producers and end-users. The cement sector is now playing a game of controlling the variables having introduced a production quota system in 2021 that has helped companies return to profitability. However, the long-term sustainability of this strategy remains doubtful. By Abdelkhalek Mohammed, Prime Securities, Egypt. Over the past two decades Egypt’s cement industry has gone from boom to bust to recovery (© givaga) The... |