Cement News tagged under: Demand
China’s cement industry expected to lead economic recovery20 April 2020, Published under Cement NewsAn accelerated recovery in the Chinese construction industry is driving the country’s cement sector to resume operations. With a positive outlook this year, analysts said the sector could lead the rebound across multiple industries, reports the Global Times. As a result of the coronavirus pandemic, cement output in China fell by 23.9 per cent YoY to 299.07Mt in the first quarter of 2020, according to data from the National Bureau of Statistics. In March production declined 18.3 per cent Y... |
Siam City to wind down production at Saraburi17 April 2020, Published under Cement NewsThailand’s Siam City Cement will begin to close its Saraburi plant from 1 May as cement demand falls due to the COVID-19 pandemic, according to The Nation: Thailand. The company has reportedly seen a reduced amount of orders and therefore will wind down production and labour at Factory 1 from 1 May. However, it is expected to move employees to other plants or allow them to leave by mutual consent. |
Chile's cement demand up 3% in 11M1916 January 2020, Published under Cement NewsCement demand in Chile declined 2.5 per cent YoY in November 2019, according to the Chilean construction chamber, CChC. Consumption fell to 341,721t in November 2019 from 350,532t in the previous year. However, in the year to date the domestic cement market expanded by 3.3 per cent from 3.624Mt in the 11M18 to 3.743Mt in the 11M19. |
Venezuelan cement output below 50% of market requirement30 October 2019, Published under Cement NewsThe production of cement in Venezuela is less than half of the country’s demand of 18Mt, according to El Impulso. Output is currently down from 9Mt to 4Mta, due to issues with electrical power supply, equipment and inputs, said Orlando Chirinos, president of the Federation of Cement Workers (Fetracemento) and secretary general of the cement workers syndicate of Lara state. In terms of equipment, cement producers face challenges in obtaining refractory bricks, metallic grinding media and sl... |
Algorithmic demand forecasting09 July 2019, Published under Cement NewsThe use of advanced analytics is now common practice in many industries. It is not only the tech giants such as Google, Amazon and Facebook that apply algorithms to make smarter, faster and unbiased decisions. Players in industries such as natural resources, materials processing and building materials have also started to apply advanced analytics to improve their business performance. A recent publication by the Boston Consulting Group 1 (BCG) makes the case that cement producers need to em... |
Demand for coal from India's cement sector rises in FY18-1927 June 2019, Published under Cement NewsIndia’s coal demand increased 9.1 per cent YoY to 991.35Mta during the fiscal year ended March 2019, according to the country’s Coal Minister, Pralhad Joshi. However, India’s supply shortfall more than doubled to 23.35Mt. This has been attributed to Coal India’s inability to meet demand from the cement and sponge iron industries. Demand from the cement sector surged 70 per cent to 37.22Mt in the FY18-19. In the FY18-19 coal imports rose 12.9 per cent YoY to 235.24Mt from 208.27Mt. Mr J... |
Using plant cost profiles16 May 2019, Published under Cement NewsAs in January 2018, Dr Michael Clark has once more spent most of the last month developing manufacturing cost profiles for cement factories in different geographies across the globe. This time, Dr Clark considers how these profiles may be used to provide a competitive advantage. Holcim established its facility in Ste Genevieve, Missouri, USA, benefiting from the low distribution costs due to its convenient location on the Mississippi River Regular readers of the Technical For... |
Namibia cement demand remains weak02 May 2019, Published under Cement NewsCompetition between cement producers has brought down prices as domestic demand remains fairly low when compared with increasing supply, according to First Capital. In March 2019 domestic production capacity has more than doubled to 2.2Mta, when compared with 1Mta in March 2018 as Whale Rock entered the market. However, local demand remains at 0.6Mta. This has led to a fall in prices with First Capital highlighting a drop of 10.4 and 10.1 per cent for semi- and high-strength cement, respe... |
China's cement production level to hold steady through to 202029 April 2019, Published under Cement NewsChina's cement output has fallen from a peak in 2014 but will hold steady through 2020, according to a report from global ratings agency Moody’s. The lower production volume reflects the closer of inefficient capacity and winter production, where the government reportedly seeks to reduce emissions. "The lower production volume and steady demand support the price of cement," said Roy Zhang, assistant vice president and analyst. "Such prices will help sustain producer margins." Prices are ... |
JSW Cement to look at inorganic growth11 December 2018, Published under Cement NewsIndia's JSW Cement has announced that it will be looking at inorganic expansion to reach its target of increasing capacity to 20Mta by 2020. The ongoing bad-loan resolution process has opened up opportunities to acquire cement assets in India. The company views the assets of debt-laden companies to have a strong potential to grow, while enabling swift scaling and optimisation of these capacities, according to a statement. "The company views the improving economic growth scenario, continu... |