China steel sees biggest fall in 10 months
The drop sees 1H25 production three per cent lower than last year and at its weakest since 2020, according to the National Statistics Bureau. By comparison, cement output fell 5...
Oversupply
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Indocement sees 3% rise in profit in 2022
PT Indocement Tunggal Prakarsa Tbk (INTP), part of Heidelberg Materials , reported a profit of IDR1.84trn (US$123.2m), up three per cent YoY, in 2022. Net revenue was up 10.5 pe...
FEI: Egypt faces oversupply
Cement demand declined in 1H18 to 25Mt, compared with 26Mt in 1H17, according to Noha Bakr, the head of the cement committee of the Federation of Egyptian Industries (FEI). In 2...
Ready to rise again? Premium
Following the country’s recent presidential election, the economy of South Africa has returned to positive growth. ICR looks at the impact this has had on its highly-competitive...
Huaxin heads for excellence Premium
With a clinker capacity of 60Mta and a cement capacity of 90Mta, Huaxin Cement is a major player in the global cement industry. ICR spoke with Li Yeqing, CEO of Huaxin Cement, t...
JK Cement chairman says consolidation will help correct oversupply issue
Yadupati Singhania, chairman of JK Cement, has stated that consolidation will help correct the supply overhang in the cement industry, according to The Economic Times. "Consolid...
Najran Cement announces financial impact of line closure
Saudi Arabia’s Najran Cement has halted production at a 6500tpd clinker line and resumed production at its 3000tpd second line. The second line was temporarily shut down to redu...
Vietnam faces an increase in oversupply
Vietnam is expected to increase its supply glut in the run-up to 2020, according to Vietnam Net. By 2020 total domestic cement capacity is expected to reach 120-130Mta while dom...
West Africa looks to exports Premium
While lower oil prices, Ebola and civil unrest have impacted west African economies, the region’s cement market has continued to expand with further growth forecast for the next...
Indonesia: 8% growth predicted for 2017 consumption
According to the Chairman of the Indonesian Cement Association (ASI), Widodo Santoso, national cement consumption is expected to grow by 8.04 per cent in 2017, reaching 68Mt. Th...