Cement News tagged under: Demand
Pakistan: cement demand to grow 8% in run-up 201822 July 2016, Published under Cement NewsThe Pakistani demand for cement during the ongoing FY16-17 and next financial year FY17-18 is expected to grow at a rate of eight per cent annually. This follows the government showing a strong commitment towards the China Pakistan Economic Corridor-led infrastructure development and its higher allocation of funds, up to 20 per cent of the PKR1.675trn (US$15.98bn) to the Public Sector Development Programme for the year. FY15-16 saw double-digit growth in industry dispatches. The strong do... |
Vietnam's new Master Plan13 June 2016, Published under Cement NewsVietnam is having to rebalance its cement output with expected market demand. While there have been limitations on the creation of new plants, there is now strong evidence for the government to encourage the construction of larger plants while phasing out the less economical smaller units. By Hai Khieu, StoxPlus, Vietnam. Vietnam is seeking to rebalance its cement and clinker supply to demand. This could take a decade to implement, says StoxPlus The overheated expansion of Vi... |
Mongolia explores export to Russia03 June 2016, Published under Cement NewsWith Mongolia’s cement production on the rise, the country may start exporting its surplus to countries such as Russia. National producers are currently studying the possibilities, according to local news reports. Demand in the country has risen with growing housing and infrastructure requirements. Mongolia’s cement production currently meets about 90 per cent of the domestic demand, which in 2013 reached 2Mt. With a capacity of 1.9Mta in 2013, the country has been importing cement to ful... |
PT Indocement25 May 2016, Published under Cement NewsGovernment spending on infrastructure is expected to drive up cement demand in Indonesia in 2016, according to PT Indocement. Following consumption growth of 3.4 per cent in 2015, the company says that it forecasts sales to rise by 3-5 per cent this year. Along with a fall in interest rates, the government has pledged an infrastructure spend of IDR313.5trn (US$23.51bn) this year, up by eight per cent compared to 2015. In anticipation of the rise, PT Indocement is building a new 4.4Mta integr... |
Anhui Conch25 May 2016, Published under Cement NewsChina’s cement producers, such as Anhui Conch, will be breathing a sigh of relief at government plans to commit CNY4.7trn (US$720bn) to infrastructure projects over the next three years. Over 300 transport projects have been earmarked to receive funding including improvements to the country’s high-speed transport networks and inner-city links. Almost CNY77bn is being spent on aviation infrastructure including 11 key construction projects and 52 upgrades of existing facilities. The announceme... |
Austrian cement demand up 4% in 201512 May 2016, Published under Cement NewsThe Austrian cement market expanded by four per cent to 4.6Mt in 2015 and generated a turnover of EUR388m. Exports rose 15 per cent to 446,000t while imports fell 11 per cent to 832,600t. The gains in the domestic market were achieved despite difficult conditions. Although housing construction increased early on in the year, by mid-2015 this growth had come to a halt. Housing completions reached 52,000. However, a turnaround in the housing sector is expected for 2016 and combined with a... |
SFIC: French cement sector to stabilise in 201627 January 2016, Published under Cement NewsFrance's cement sector in 2016 is showing "some signs of optimism" and pointing therefore to a stabilisation of the markets after eight years of decline thanks to a pick-up in the housing segment, said Raoul de Parisot, president of the Syndicat français de l’industrie cimentière (SFIC). In 2015 the market contracted around 1Mt with consumption falling from 18Mt to 17.1Mt. In the 2007-15 demand dropped by around 30 per cent. “Our plants have capacity rates of between 65-70 per cent, which... |
China: BBMG Corp expects lower profit on weaker cement demand and pricing15 January 2016, Published under Cement NewsChina-based BBMG Corp said it expects to record a 10-22 per cent decrease in net profit attributable to shareholders for the year ended 31 December 2015 compared to a year earlier. The fall in net profit is mainly attributed to the slowdown in macroeconomic growth and cement production overcapacity in the areas where the group operates, leading to sluggish demand and reduced selling prices versus 2014. Therefore, it recorded a significant decrease in the operating results for its cement seg... |
Dangote Cement23 December 2015, Published under Cement NewsEarlier this month, the Nigerian government announced its biggest budget ever with US$30.1bn (NGN6trn) earmarked for the 2016 fiscal year. Representing a 15 per cent rise on the 2015 budget, it will come as welcome news to the country’s cement producers, such as Dangote Cement, that a healthy slice of this is to be spent on infrastructure projects. Despite a slump in the price of oil, which accounts for 70 per cent of the Nigerian government revenue, the country’s National Bureau of Stati... |
Demand for fossil fuels set to decline as investors consider world’s fuel choices at COP2102 December 2015, Published under Cement NewsAs the word’s decision makers are preparing to gather at the COP21 climate talks in Paris, investors consider the long-term prospects and risks of the fuel choice made in power generation and other industries. Allianz, Europe’s biggest insurer, has said in support to COP21 that it will reduce its coal investments and double its renewables spending from about EUR2bn (US$2.1bn). The move is to “send a signal to our branch and to capital markets,” said Allianz’s chief investment officer, Andr... |