Cement News tagged under: market reports
Achieving critical Mass in Iraq’s cement industry15 April 2024, Published under Cement NewsThe Mass Cement plant is one of several located in the Bazian area in the Kurdistan region of Iraq. As an established cement plant and the largest in the country, it has been under strict environmental performance regulations and has targeted energy efficiency improvements in recent years. From its humble beginnings in 2010, Mass Cement's plant in the Bazian district of Iraqi Kurdistan, the company has developed into a key cement producer in the country ( © Mass Iraq Co for Cem... |
Eastern Europe’s bid for growth02 April 2024, Published under Cement NewsICR has been assessing the eastern European cement markets of Czech Republic, Hungary and Romania. While decarbonisation is a central theme of all European cement markets, producers are also looking to improve plant efficiencies and are investing in new plant equipment. The eastern European cement industry looks forward to a pick-up in cement demand in 2024 while it takes steps to decarbonise its operations (© Heidelberg Materials) The economic outlook in eastern Europe ha... |
Southern African transitions18 March 2024, Published under Cement NewsThe cement markets of southern Africa have been gradually transitioning into more competitive areas with new investments. ICR reviews the young markets of Angola and Zambia as well as the more established market of South Africa. While expansion projects are at a low due to overcapacity, market entrants see an industry in transition as domestic producers adapt to a new landscape (© Dangote Cement) While Angola, South Africa and Zambia all witnessed a post-pandemic economic r... |
Mexico’s green wave05 March 2024, Published under Cement NewsThe decarbonisation message has resonated in Mexico where the cement industry has grasped the opportunity to become a leader in sustainable cement production. Infrastructure is benefitting from low-carbon cement solutions while cement companies invest in making their operations more sustainable. By ICR Research, UK. Mexico’s cement industry is tapping into the decarbonisation drive of the global cement industry, looking to reduce its carbon footprint (Pictured: Cementos Moctezuma’s... |
Prospects for the GCC industry19 February 2024, Published under Cement NewsThe Gulf Cooperation Council (GCC) economy has come under pressure from falling oil revenues, but economic diversification is paying off. Moving into 2024, cement market growth is expected across the region, headed by construction projects in Saudi Arabia and UAE, but cement overcapacity continues to overshadow the production base. The GCC cement markets of Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain are poised for growth in 2024, lead by residential and commercial activ... |
Morocco: better times ahead?05 February 2024, Published under Cement NewsFollowing a challenging business environment in 2022, Moroccan cement producers can look forward to better times. However, overcapacity will see producers look beyond the country’s borders as they develop export markets to sell production surpluses. Economic growth is set to resume as Morocco recovers after the COVID-19 pandemic (© © J.K2507) Morocco’s economic growth fell by 7.2 per cent YoY in 2020 but recovered the following year, when GDP expanded by eight per cent. In 2022... |
Thailand’s low-carbon transition22 January 2024, Published under Cement NewsThailand’s plan to accelerate state investment despite high debt levels is expected to result in favourable construction growth. Meanwhile, the country’s cement industry is in the midst of transforming itself into low-carbon production base using decarbonisation tools already available to the sector as well as exploring emerging solutions. Public investment is projected to remain a key driver, increasing over the next few years in line with the government’s infrastructure plans (© ... |
Carbon capture catch-up08 January 2024, Published under Cement NewsWith carbon capture, utilisation and storage (CCUS) identified as the key lever to decarbonise the global cement industry, ICR highlights some of the leading projects currently underway to trial and scale up CCUS technology that are due to complete in 2024-25, and those to look out for in 2026 and beyond. The carbon capture plant at the Heidelberg Materials’ cement plant in Brevik, Norway, aims to capture and store 400,000tpa of CO2 (© Heidelberg Materials AG) In 2021 the G... |
2024: from black swans to green leaders?22 December 2023, Published under Cement NewsThe New Year brings hope for a more “normal” period in the cement markets with a return to profit on the back of favourable price-cost dynamics rather than demand growth. By Paul Roger, BNP Paribas Exane, UK. Figure 1: forecast growth in cement consumption, 2024 (Source: BNP Exane Paribas) The past few years have called into question the usefulness of bottom-up modelling, including yours truly for the global cement industry. It is no hyperbole to say in defence that the world ha... |
Pakistan: navigating uncertainty18 December 2023, Published under Cement NewsPakistan continues to face political and economic uncertainty, while the government has to find solutions to the impact of flood damage caused by last year’s devastating monsoon. The cement sector is in a capacity expansion cycle, but domestic sales have been on a downward trend, while prices have risen steeply to match coal price increases. Pakistan has seen slowing economic growth and political uncertainty in recent years, while relief efforts following devastating floods conti... |