Cement News tagged under: cement demand
Russian cement demand forecast to drop 15% in 202501 November 2024, Published under Cement NewsRussia's current decline in housing construction threatens to result in a significant drop in domestic cement consumption. The volume of cement consumption in the country in 2025 is expected to decrease by 10-15 per cent compared to this year's figures, predicts Denis Usoltsev,who leads the Marketing and Strategic Analysis Department at Cemros JSC, one of Russia's leading cement producers. As the mass housing construction sector is showing no growth, the hopes of the country's cement produce... |
Vietnam looks to 2025 recovery17 September 2024, Published under Cement NewsVietnam’s cement demand has continued to fall in 2024 and a recovery is not expected until 2025. While domestic cement sales are forecast to recover only gradually, cement producers can look forward to a faster pick-up in export sales. By Anh Nguyen, FiinGroup, Vietnam While 2024 is expected to remain challenging for Vietnam’s cement producers, next year is anticipated to bring greater rewards (© Tieu Bao Truong) Despite an improved disbursement rate on public investment a... |
Pakistan cement industry challenges ahead27 August 2024, Published under Cement NewsAccording to IMS Research, the industry has shifted toward cost optimisation in the absence of strong growth prospects and rising energy costs. Companies plan to improve their power mix by shifting toward cheaper options (coal), thus depicting sharp earnings in the results ahead. Analysts assumed that domestic demand for cement has been weak in the past three years (average YoY growth of -7.2 per cent) and is anticipated to recover gradually (by two per cent YoY in FY25). However, industr... |
Indonesian sales slip in June but see growth in 1H2419 July 2024, Published under Cement NewsThe latest data from BPS-Statistics, Indonesia's official statistics office, shows a decline in the country's cement demand, which is likely to be a small seasonal correction. Regionally the results are mixed and for the year to date there remains a slight increase in cement consumption. Cement sales in Indonesia amounted to 5.353Mt in June 2024. This is a decrease of 1.2 per cent YoY compared to the 5.418Mt reported a year earlier. Local dispatches in Bali-Nusa Tenggara during June rose 4.... |
Gloomy outlook for Germany's cement industry22 April 2024, Published under Cement NewsThe 2024 outlook for the German cement market is gloomy. According to the German Building Materials Association, Bundesverband Baustoffe, production of building materials contracted 15.3 per cent YoY in the first two months of 2024, adding to the 16.7 per cent YoY contraction recorded in 2023. The latest cement consumption figures from German cement association, VDZ, show a 18.9 per cent YoY contraction in the first nine months of 2023, amounting to 16.2Mt, compared to 20Mt in the same perio... |
How soon can Vietnam's cement sector emerge from its crisis?19 April 2024, Published under Cement NewsThis week the Vietnam National Cement Association (VNCA) wrote to the country's Prime Minister with proposals to relieve the build-up of inventory at plants that are running at low utilisation levels, or having to shut down due to falling cement demand. In 2023 Vietnam's 61 cement plants saw production decline to 87.8Mt, with 31.2Mt (35.5 per cent) of this being exported. This marked a 16 per cent YoY drop in output, causing many plants to halt production for six months, or remain idle for ... |
Sabanci's growth to be driven by digitalisation and sustainability12 April 2024, Published under Cement NewsTurkish conglomerate, Sabanci, is accelerating investments across its business portfolio - including major investments into the cement division. This is comprised of CIMSA and Akcansa - its joint venture with Heidelberg Materials - making it the third-largest player in Turkey. These transformative investments aim to expedite the digitalisation process and to modernise the assets of its cement businesses, as well as improve their sustainability. Digital transformation Digital and art... |
Sinoma wins Yamama Cement new line project08 February 2024, Published under Cement NewsSinoma has been awarded the Yamama Cement production line upgrade contract. According to Saudi media, the contract is for a full-scale upgrade of the cement production line, aiming to increase its capacity to 12,500tpd. Building upon the relocation of the existing 10,000tpd cement production line, this project aims to achieve technological innovation and capacity enhancement. Sinoma Overseas is entrusted with the comprehensive engineering design, procurement and supply of new equipment,... |
Thailand pins hopes on Land Bridge Project21 November 2023, Published under Cement NewsThailand’s economy grew much slower than expected in the third quarter of 2023. According to the country’s National Economic and Social Development Council (NESDC), GDP expanded by just 1.5 per cent over the three-month period, significantly lower than the 2.4 per cent growth estimated by Reuters. The disappointing result, which marks the slowest quarterly expansion this year, is being attributed to poor exports and government spending. TPI Polene also cited Thailand’s manufacturing ... |
Malaysian cement demand set to flourish, says report11 October 2023, Published under Cement NewsCement demand in Malaysia will continue to flourish in the medium-to-long term, supported by major infrastructure projects across the country, reports RHB Investment Bank Research (RHB IB). A sector report by RHB IB listed current low inventory levels, the push towards solar panels and electric vehicles, and the recovery in demand on the back of an anticipated upturn in China’s manufacturing and property sectors in the second half of 2024, as the main drivers of its demand growth projections... |