Cement News tagged under: outlook

RSS feed

South Korea: new strategies

13 March 2019, Published under Cement News

As South Korea’s economy dips and government policies negatively influence infrastructure plans, the country’s cement industry remains at overcapacity amid stagnant levels of demand. Moving forward, producers must find new strategies to operate competitively in this challenging market. By Manas Tamotia, LEK Consulting, Singapore. With South Korean cement plants mainly located in the central and eastern coastal areas, cement producers face high distribution costs to deliver their pr...

Global cement markets in 2019

04 March 2019, Published under Cement News

Low macroeconomic visibility, slowing global growth, geopolitical risks and industry-specific questions such as the outlook for Chinese cement prices or rising CO 2 costs in Europe have presented challenges to cement market analysts worldwide in forecasting 2019. Following its 13th annual cement survey, Exane BNP Paribas sheds more light on the year ahead. By Paul Roger, Exane BNP Paribas, UK. Figure 1: cement volume scenario, 2019 The overall conclusions are not too bearish fo...

Cement in the heart of Africa

28 January 2019, Published under Cement News

Following two particularly challenging years and considerable overcapacity, the cement industry in the Republic of Congo can look forward to better times. The government is set to increase investment in housing and public spending to advance the country’s infrastructure, and provide for its growing and young population.  With 1.8m people, Brazzaville is Congo’s largest city and accounted for over 100,000t of cement consumption in 2017 The economic crisis in the Republic of Congo...

Building for a boom

21 January 2019, Published under Cement News

As ICR looks at the Bangladeshi cement market, it speaks with Masud Khan, CEO of MI Cement, about the status of the domestic market, the company’s achievements to date and plans for the future. Masud Khan, CEO of MI Cement, speaks with ICR about the company’s plans for the Bangladeshi cement sector ICR: What are the main factors that impact on Bangladesh’s (low) per capita cement consumption? Are poor distribution routes to rural areas a major factor? Masud Khan (MK): Bangla...

Bangladesh: robust and stable

16 January 2019, Published under Cement News

Large-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...

VICEM targets further growth in 2019

08 January 2019, Published under Cement News

Vietnam Cement industry Corp (VICEM) has reported a 10 per cent YoY increase in revenue to VND37trn (US$1.59bn) for 2018. The company also saw an 11 per cent rise in pretax profit to VND2.8trn. VICEM expects to push this even further by reaching a revenue of VND40trn in 2019. According to Bùi Hồng Minh, general director of VICEM, pretax profit is expected to hit VND3.2trn in the year ahead. To achieve these goals, the company will produce and consume 31Mt of coal. It will also invest in ...

Cement in 2019

07 January 2019, Published under Cement News

While global economic growth is expected to continue in 2019, uncertainty will affect the expansion of key cement markets in the year ahead. As a result a mild contraction is forecast although there will be regional differences in cement demand with the developed markets registering limited growth while emerging markets will be more robust. By Arnaud Pinatel and Yassine Touahri, On Field Investment Research, UK. Figure 1: changes in regional cement demand, 2017 vs 2018. Source: OFI...

Pakistan’s gateway to expansion

17 December 2018, Published under Cement News

With a newly-elected President, strong housing demand and infrastructure investment flowing in from China, Pakistan is at the gateway to a new beginning. The cement sector is thriving, rapidly adding new capacity and enjoying stellar demand growth. However, the continuing pace of investment could risk oversupply if demand expectations are not met. Anticipating considerable growth in demand thanks to housing programmes and large-scale infrastructure projects, the Pakistani cement in...

Fit for the future

10 December 2018, Published under Cement News

With US$18bn invested over the past 10 years, the cement industry in the Eurasian Economic Union (EEU) countries has already addressed major challenges in terms of energy efficiency and sustainability. ICR speaks with Mikhail Skorokhod, chairman of cement producers’ association SoyuzCement and president of Eurocement Group, to find out what further lies ahead for the EEU cement industry. Mikhail Skorokhod, chairman of SoyuzCement and president of Eurocement ICR: Can you tell us...

Jordan: seeking opportunities

21 November 2018, Published under Cement News

In an interview with Khaled Huraibat, chairman of the Jordan Cement Producers’ Association, ICR finds out more about the latest developments in the country’s cement sector ahead of the 23rd AICCE, which takes place between 20-22 November in Amman, Jordan. Mr Huraibat highlights the challenges for the cement sector and provides his view on possible solutions. Khaled Huraibat, chairman of the Jordan Cement Producers’ Association ICR: The IMF has forecast economic growth of 2.5 pe...