Cement News tagged under: cement consumption
Saudi megaprojects unable to halt cement demand decline in 201921 February 2019, Published under Cement NewsSaudi Arabia’s high-profile large-scale project will be unlikely to halt a fall in cement demand in 2019, according to Al Rajhi Capital. The third-quarter of 2018 saw sales volumes decrease by 13 per cent YoY with average sales prices remaining week despite the price hike in the fourth quarter experienced by some cement producers. In 2019 this decline in demand is expected to continue as the government’s capital spending remains limited and construction costs rise. The research house for... |
Puerto Rican cement sales increase 3% in January13 February 2019, Published under Cement NewsCement sales in Puerto Rico increased by 3.3 per cent in January 2019 when compared with January 2018, according to news service Sin Comillas. The latest rise represents the 13th consecutive increase in monthly sales. In 2018 sales surged by 38.9 per cent, the first annual increase since 2012. |
Scotiabank forecasts 6% growth in Peru’s cement demand04 February 2019, Published under Cement NewsCement consumption in Peru is predicted to expand by around 6.5 per cent in 2019, according to Scotiabank. The bank attributes the third-consecutive annual rise to a higher level of real estate investment. This positive evolution would be supported by increased private and public investment expected for this year, said Carlos Asmat, senior analyst of the Department of Economic Studies of the bank. "Private investment would grow partly driven by the performance of mining investment during 2... |
Spain's cement demand up 9% in November22 January 2019, Published under Cement NewsSpain’s cement consumption index (IDC) noted a 9.2 per cent YoY increase in November 2018, according to the Spanish cement association, Oficemen. MoM a 2.4 per cent decrease was reported. Between December 2017 and 2018, 13.4Mt of cement was sold – 1.1Mt more than in the equivalent period of the previous year. While consumption levels remain low – similar to the level noted in 1967 – they continue to rise. “We look with optimism at the investment growth contemplated by the Ministry of Deve... |
Bangladesh cement industry to expand despite rise in raw material costs21 January 2019, Published under Cement NewsThe Bangladeshi cement industry is expanding its capacity despite increases in raw material costs. In 2017 the effective capacity of active plants stood at about 50.20Mta, which is estimated to reach about 65Mta by 2019, according to the annual report of MI Cement Factory Ltd. Cement consumption stood at about 27.1Mt in Bangladesh last year. But despite the huge growth of the industry, Bangladesh is still one of the lowest consumers of cement products in the world. The demand is expected ... |
Kenya's cement consumption drops by 15% in 9M1815 January 2019, Published under Cement NewsKenya is stuck in a spiral decline of cement demand with sales continuing to plumit in the first 9M18. According to official data the country's cement consumption fell by 113,096t to 4.13Mt in the first 9M18, compared to 4.24Mt in the first 9M17. Narendra Raval, chairman of Devki Cement group, said: "Cement sales are down 15 per cent." There are various reasons for the decline including a wave of countrywide demolitions that have discouraged new investment. "The main reason is people are... |
Moroccan cement market contracts 4% in 201811 January 2019, Published under Cement NewsDemand for cement in Morocco has fallen 3.7 per cent YoY in 2018 to 13.287Mt, from 13.791Mt in 2017, according to data from the Ministry of Housing and Urbanism. In December 2018 the domestic market expanded by 8.2 per cent to 1,217,378t from 1,125,388t in December 2017. The growth in demand during the last month of the year represents a recovery from the 16.6 per cent YoY drop reported in November, when 1,062,727t of cement was sold in the domestic market. In October 2018, Moroccan produ... |
Indian cement consumption to rise by 7-8 per cent in FY19-2010 January 2019, Published under Cement NewsRating agency ICRA forecasts that domestic cement demand in India will grow seven per cent YoY in FY19 and by around eight per cent in FY20, driven mainly by rural and affordable housing projects as well as larger infrastructure projects for roads, irrigation and metro development. The agency estimates a cement supply rise of approximately 15-18Mta in FY19-20. "The domestic cement capacity utilisation is expected to remain moderate at around 70 per cent in FY20 despite an estimated demand... |
Panama cement market forecast to contract by 13%26 November 2018, Published under Cement NewsCement consumption in Panama is expected to fall by 13 per cent this year due to the economic slowdown, the strike by the trade union of construction workers, Suntracs, and a decline in construction permits. "We are seeing a 13 per cent drop this year and we perceive that next year will not be a good year either," explained José Luis González Habas, Cemex's planning director. In previous years, cement demand in Panama was close to 2Mta, peaking during the expansion of the Panama Canal but... |
PCA forecasts falling US cement consumption growth rate16 November 2018, Published under Cement NewsThe Portland Cement Association (PCA) Market Intelligence Group forecast for cement consumption over the next two years in the USA predicts a falling growth rate. Growth is expected to decelerate from 2.9 per cent this year to 2.6 per cent next year and further to 1.6 per cent in 2020. "We are expecting relatively modest but sustained interest rate increases after 10 years of low and stable rates," said PCA Senior Vice President and Chief Economist, Ed Sullivan. "The Federal Reserve’s acti... |