Cement News tagged under: market report
Bangladesh: building the future08 May 2023, Published under Cement NewsBangladesh’s economy remained resilient and continued its strong post-pandemic resurgence in 2022, but the medium-term outlook is uncertain due to global challenges. With the government investing in infrastructure projects, EBL Securities looks at the prospects for the industry as the country looks to build a stronger future. By EBL Securities Ltd, Bangladesh. The long-term demand outlook for the Bangladeshi cement industry remains positive with higher single- to double-digit growt... |
Czech action on climate change11 April 2023, Published under Cement NewsCement consumption in the Czech Republic remained resilient during the pandemic. However, economic headwinds and a slowdown in construction activity are likely to impact demand in the near-term. For local cement producers, decarbonisation plans are high on the agenda as the sector looks to implement a number of changes in line with industry's green goals. By Jan Gemrich, Czech Cement Association, Czech Republic. For Czech cement producers industry decarbonisation is high on the agenda... |
Update on Uzbekistan21 March 2023, Published under Cement NewsCement producers in Uzbekistan have been benefitting from government measures to provide a conducive development environment for the building materials sector. Cement demand has grown rapidly, leading to new plant start-ups, but new capacity and gas shortages are putting pressure on utilisation rates. By Avesta Investment Group, Uzbekistan. The rising importance of Uzbekistan's construction industry has meant that local cement producers are benefitting from government measures to s... |
Taiwan's sustainability strides06 March 2023, Published under Cement NewsSupported by a well-developed economy and good infrastructure, Taiwan's cement market has reached a relatively mature stage. As domestic producers face headwinds including overcapacity, rising cement imports and higher energy costs, the cement sector has also been turning its attention to carbon neutrality and building a sustainable industry. by Taiwan Cement Manufacturers' Association, Taiwan. Taiwan Cement Corp is the country's leading cement producer, with operations including t... |
Pakistan's cement prospects15 August 2022, Published under Cement NewsOver the course of the 9MFY21-22 Pakistani producer profitablity has been supported by price retention and local demand, but falling exports and rising commodity prices are a cause for concern. Moreover, a slowdown in government spending on development projects could prevent domestic consumption from gaining traction. By Pakistan Credit Agency, Pakistan. A slowdown in government spending is expected to cool Pakistan’s cement demand growth In FY20-21 Pakistan’s nominal GDP increa... |
Brazil: sustainable growth02 August 2022, Published under Cement NewsFollowing a challenging year in 2020 due to the COVID-19 pandemic, Brazil’s cement industry enjoyed better times in 2021. However, uncertainty on several levels has led to growth stalling at the start of 2022 as cement makers face lower market growth and the need to invest in reducing their carbon footprint. By SNIC, Brazil. Uncertainty is expected to slow market growth in Brazil after a more positive year in 2021 After a sharp drop in 2020 – largely due to the COVID-19 pandemic... |
South Africa’s long walk to recovery08 February 2022, Published under Cement NewsWhile 2021 saw some pick-up in South Africa’s cement market, analysts do not expect a full recovery before mid-2024. By Industry Insight, South Africa. As the COVID-19 mutation Omicron sweeps through the country, South African cement producers see market recovery postponed (Photo credit: AfriSam) The South African economy remains in crisis. Although there was a recovery in local production and consumption in 2021, record lows due to the COVID-19 pandemic and a lockdown-ravage... |
Creating France’s post-COVID-19 landscape14 September 2020, Published under Cement NewsWhile the coronavirus pandemic has affected France’s construction sector, going forward there are new opportunities for domestic cement producers as they support a shift in focus, creating a different landscape to address climate change. By Syndicat Français de l’Industrie Cimentière (SFIC), France. Prior to the outbreak of COVID-19 in France, domestic cement output had increased by 4.4 per cent in January and market growth accelerated to 5.2 per cent in February, according to I... |
GCC: a return of fortunes?17 February 2020, Published under Cement NewsThe performance of the GCC cement sector improved significantly in 2019 when compared with the previous year as higher domestic consumption combined with increased export demand. For 2020, the outlook remains equally promising, supported by expansionary budgets and the normalisation of relations between GCC countries. Most of the GCC countries, including Oman, announced expansionary budgets, fuelling expectations of increased construction activity going forward GCC cement sec... |
Bangladesh: robust and stable16 January 2019, Published under Cement NewsLarge-scale infrastructure, growing urbanisation and strong foreign direct investment are fuelling rising cement demand in Bangladesh. But will it be enough to utilise production capacity as new plants come on-stream and existing works are upgraded and modernised? Bashundhara Cement’s Mongla plant has a production capacity of 2.65Mta, which, along with its 2.4Mta works in Madangonj, makes the company one of the largest producers in Bangladesh Bangladesh’s aspirations to becom... |