Cement News tagged under: market reports
Khayah Cement cites construction boom as an opportunity for growth02 August 2024, Published under Cement NewsKhayah Cement , formerly known as Lafarge Cement Zimbabwe, has forecast that the cement sector is set to grow following a boom in the construction industry, driven by investments in infrastructure development by the government and private entities. The company cited this boom in construction as the cause of increased demand for cement in Zimbabwe. Government incentives and private investments in infrastructure have played a key role in the heightened demand for cement in the countr... |
Indian cement production may need to expand quicker to meet demand01 August 2024, Published under Cement NewsIndian cement consumption is expected to remain robust this year. The rainy season will weigh on demand somewhat in the near term, but fundamentals are strong for a solid resumption in demand. According to ICR Research, consumption rose 7.9 per cent YoY in 2023, amounting to 418Mt, and demand growth of 6.2 per cent YoY is forecast for this year. The World Bank is projecting GDP growth of 6.6 per cent YoY this year and India’s government is forecasting economic growth of a steady seven ... |
Brazil’s better tomorrow15 July 2024, Published under Cement NewsAfter a challenging few years, the outlook for the Brazilian cement industry is improving with renewed public investment in infrastructure and housing expected to generate moderate growth of cement demand. Private investment in housing is also forecast to support cement consumption in 2024. By SNIC, Brazil. As Brazil’s economy shows signs of picking up, the country resumes building a more prosperous future (© Raphael Paulino Goncalves) T he Brazilian economy grew by 2.9 p... |
A tough time for China01 July 2024, Published under Cement NewsThe world’s largest cement-producing country and market has seen demand fall significantly while issues of overcapacity persist. While the sector aims to reduce oversupply, it also needs reform to meet the country’s net-zero carbon emissions targets. By Fei (Grace) Chen, China Cement Association, China. China’s overcapacity presents significant challenges in times when cement demand contracts (©jcx516) In 2023 China’s cement industry encountered considerable challenges as adjust... |
Renewed hope for Nigeria21 June 2024, Published under Cement NewsNigeria’s incoming president has his work cut out, faced with a worsening security situation, accelerating inflation, declining oil revenues and food insecurity. After some bold moves, his economic choices appear to be paying off, albeit slowly. But what does this mean for the country’s cement producers as they tackle overcapacity and spiralling cement prices? By Suzanne Starbuck, ICR Research, UK With Nigeria’s population due to reach 400m by 2050, the government has set an infrastru... |
Indonesia: strengthening its green agenda03 June 2024, Published under Cement NewsAs the Indonesian cement market returns to growth, driven by an expanding economy, the country’s cement industry is developing its plants to become more sustainable. By ICR Research, UK Indonesia’s industry leaders are putting initiatives in place to make the cement industry more sustainable Indonesia has maintained seven consecutive quarters of growth above five per cent YoY. In line with market expectations, the economy expanded by 5.04 per cent in the last quarter of 2023... |
Tanzania’s transformation20 May 2024, Published under Cement NewsTanzania’s GDP has proven robust and is growing, resulting in major government infrastructure construction projects. This infrastructural transformation is boosting domestic cement demand but operational challenges for local producers remain. Meanwhile, changes to the corporate landscape have been hitting the headlines. By ICR Research, UK As the Tanzanian government looks to unlock the country’s potential through infrastructure investment, the construction industry is expected t... |
US cement outlook29 April 2024, Published under Cement NewsThe US economy is strong. While PCA never bought into a recession scenario, its Fall Forecast (early October 2023) expected a modest economic growth slowdown. Data released following the forecast has been consistently stronger than expected. As a result, our view of US economic performance for 2024 has changed significantly. While our Spring Forecast has yet to be released, as of this writing, this economic strength will be reflected in the new forecast. By Ed Sullivan, PCA, USA. Pr... |
Emissions and impacts of waste at disposal sites23 April 2024, Published under Cement NewsWith population increase comes greater waste generation. This results in a series of environmental, climate and health impacts at disposal sites, such as leachate and gas emissions. The study presented below describes the main harmful compounds generated from buried waste as well as the sustainable actions to eliminate the sources of these emissions, including waste co-processing in cement kilns. By Enrique De Hoyos, CEMEX, Mexico, Gabriela Ortiz, Debanhy Olvera, Diana Ángeles, Rodolfo de l... |
Iraq: time for growth?16 April 2024, Published under Cement NewsIraq is starting to see investment and action in the construction sector led by higher cement demand. The country’s government is pushing its agenda for new infrastructure and for the doubling of cement capacity. Infrastructure and housing plans drive cement demand in Kurdistan, Iraq, where the industry continues to expand (© Al Orfali) When the COVID-19 pandemic struck in 2020, the Iraqi economy declined by 15.7 per cent. Its recovery to pre-2019 levels took two ... |