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Shaping southeast Asia

28 June 2017, Published under Cement News

Ahead of Cemtech Asia in Singapore, 9-12 July 2017, ICR takes a moment to consider the changing make-up of southeast Asia’s cement capacity. The region has been at the forefront of cement industry growth for the last decade and, while the impetus for new capacity has started to ease, several key regional players have emerged and are now extremely influential in determining regional cement trade and supply. Producers such as Thailand’s SCG are entering promising markets like Myanmar as...

Brazil: better times ahead?

08 June 2017, Published under Cement News

As economic and political uncertainty combine, Brazil’s short-term future looks somewhat shaky. However, longer-term prospects for Latin America’s biggest cement market remain positive. While the country’s cement producers are reining in capital expenditure plans, some capacity expansion continues, betting on better times ahead. By Lafis, Brazil & ICR Research, UK. While the lack of a long-term infrastructure development plan remains a key issue in Brazil, the need for infrastructu...

Whither close ties to the US?

22 May 2017, Published under Cement News

Since the signing of the North American Free Trade Agreement, which consolidated the close ties between Canada and the USA, significant changes have taken place in both countries. In addition, Canada’s cement producers have witnessed a changing production base and lower domestic sales in the last few years. By Rob Roy, ROI Economic Consulting, USA. The eastern Canadian cement market expanded 1.4 per cent in 2016 and performed significantly better than its western counterpart, which...

India: the long wait continues

02 May 2017, Published under Cement News

Despite high hopes of a return to more robust growth rates, the Indian cement sector is likely to close FY16-17 with its slowest performance in over a decade. The third quarter (October-December 2016) proved to be particularly tumultuous as good demand growth seen in the early part of the period was stopped in its tracks by the government’s unexpected demonetisation move which also impacted pricing. As FY16-17 draws to a close, hopes of a return to more robust growth rates appear to h...

Russia: driving development

26 April 2017, Published under Cement News

In spite of significant headway already made in terms of modernising the Russian cement production base, plenty of room for development remains. The modernisation of the industry continues as the country’s cement association, Soyuzcement, outlines plans to accelerate best-practice in the sector and appeals to the government for increased use of cement in infrastructure programmes. By CMPro, Russia. The drive to develop and improve the industry’s sustainability record continues I...

Russian renaissance?

24 April 2017, Published under Cement News

Russian cement producers faced a challenging market environment in 2015-16 as a new recession impacted the construction industry. However, the first signs of recovery are appearing and the cement market is expected to stabilise in 2017, with further recovery forecast from 2018 as growth in the domestic economy and construction sector takes hold. By Alexej Semenov, GS-Expert LLC, Russia. As the domestic economy starts its path to recovery, Russians are hoping for a new dawn Russi...

Indonesia: changing perspectives

10 April 2017, Published under Cement News

Following high capacity utilisation rates and the prospect of market growth going forward, the decade running up to 2015 looked promising for Indonesian cement producers. However, as capacity expansions were implemented, economic growth faltered and cement demand slowed in 2015-16. Forecasts for 2017 are somewhat more optimistic, but the past few years have required domestic cement producers to change their perspective. B y Sinarmas Sekuritas, Indonesia. The slowdown in ceme...

Asian cement 2017: looking to the future

29 March 2017, Published under Cement News

Following an exciting 2016, this year sees opportunities and challenges abound for the Asian cement industry. LEK Consulting gives an overview and outlines strategies that help position cement companies in this part of the world for long-term growth. By Manas Tamotia, LEK Consulting, Singapore, and George Woods, LEK Consulting, Australia. China's overcapacity will help to change the Asian cement market from a national into a regional game The year 2016 was an exciting one for As...

Iran: a change in direction?

20 March 2017, Published under Cement News

With a manufacturing capacity of approximately 93Mta, Iran is one of the world’s top cement producers and is the largest cement exporter. However, the prosperity of the sector has been undermined by falling domestic demand and export markets seeing protective measures put in place, all of which is forcing Iran’s cement leaders to adjust to a more challenging environment. The long-term potential of the Iranian cement industry is sound as a young and growing population ensures...

China: order and growth

06 March 2017, Published under Cement News

Following a drop in apparent cement consumption in 2015, China’s cement industry has been destocking ever since. As a result, the country’s cement market has started 2017 on a positive note with cement inventories reported to be decreasing. This resilience is supported by improved producer discipline, increased cooperation between top players and robust government investment in infrastructure and housing. By Addison Dai, DBS Vickers, Hong Kong. China’s cement plants, such as Heidelber...