Cement News tagged under: market reports
Update on Uzbekistan21 March 2023, Published under Cement NewsCement producers in Uzbekistan have been benefitting from government measures to provide a conducive development environment for the building materials sector. Cement demand has grown rapidly, leading to new plant start-ups, but new capacity and gas shortages are putting pressure on utilisation rates. By Avesta Investment Group, Uzbekistan. The rising importance of Uzbekistan's construction industry has meant that local cement producers are benefitting from government measures to s... |
Taiwan's sustainability strides06 March 2023, Published under Cement NewsSupported by a well-developed economy and good infrastructure, Taiwan's cement market has reached a relatively mature stage. As domestic producers face headwinds including overcapacity, rising cement imports and higher energy costs, the cement sector has also been turning its attention to carbon neutrality and building a sustainable industry. by Taiwan Cement Manufacturers' Association, Taiwan. Taiwan Cement Corp is the country's leading cement producer, with operations including t... |
Algeria eyes improved exports14 February 2023, Published under Cement NewsA general election in 2023 has encouraged the Algerian government to push through reforms against the tide of rising inflation and cost of living crisis. Public revenues are stretched following the COVID-19 pandemic and low hydrocarbon prices. While the domestic market has been slow to recover, exports are bolstering producer revenues. With a domestic market slow to recover, Algeria’s cement producers are looking to exports to maintain capacity utilisation rates Algeria’s b... |
GCC cement: set for a revival?13 February 2023, Published under Cement NewsWith oil prices expected to remain elevated, GCC governments are easing their budgets and restarting construction projects. For cement producers this is good news and the sector prepares for its revival as demand for its products is forecast to show significant growth in the short- to medium term. By U Capital Research, Oman. After challenging times due to economic restrictions, caused by the COVID-19 pandemic and low oil prices, the GCC cement sector can now look forward to better... |
Indonesia: capital growth30 January 2023, Published under Cement NewsIndonesia’s cement sector has shown extraordinary resilience despite ongoing COVID-19 restrictions with consumption recovering. As domestic producers grapple with soaring energy prices and overcapacity, the construction of a new capital city will bring renewed demand. By 2050 Indonesia’s population is forecast to reach 330m, with an urban population of 234m. In response to this rise in urbanisation, the Indonesian government has pledged an infrastructure budget of IDR392trn (US$25b... |
Poland looks toward 202316 January 2023, Published under Cement NewsThe unfavourable economic situation in Poland has been impacting the domestic cement industry, with a gradual improvement only expected from the 2H23. Following significant investments to modernise its production base, the industry is now turning its attention to carbon capture as part of European efforts towards effective CO 2 reduction. By Dr Eng Bożena Środa, Polish Cement Association, Poland. The Polish cement industry expects a further slide in output as the economic downturn im... |
Nigeria: challenges abound23 December 2022, Published under Cement NewsDespite the economy being challenged by the COVID-19 pandemic, Nigerian cement demand remained robust in 2020 and 2021. While the country’s longer-term potential remains intact, pressure is building in the short- to mid-term amid slower demand growth, excess capacity and an increasingly difficult operating environment. By Moses Njuguna, EFG Hermes, Nigeria. The Nigerian cement industry has been affected in 2022 by stubborn macro headwinds at play Nigeria’s 2023-25 Medium Term Ex... |
Infrastructure: the shining light in Colombia’s cement market12 December 2022, Published under Cement NewsThe infrastructure sector has played a key part in the prosperity of Colombia’s construction and cement industries. Going forward, analysts forecast a modest market expansion. By Bancolombia, Colombia, and ICR Research, UK. Colombia’s cement producers are looking to the infrastructure market to increase sales (Pictured: Argos’ Cartagena plant) Over the last decade, Colombia’s infrastructure sector has been fundamental to the performance of the country’s construction market and, ... |
India: shifting gears28 November 2022, Published under Cement NewsAfter nearly a decade of subdued growth, India’s cement industry is heading towards better days ahead. A quicker-than-expected recovery in demand following the COVID-19 pandemic has put the cement sector on a high growth trajectory and domestic manufacturers are gearing up for the next growth cycle. Gearing for growth: amid the Indian government’s continuous focus on infrastructure, housing, irrigation and a special emphasis on highways and expressways across the length and breadth... |
Scandinavia’s CO2 conundrum07 November 2022, Published under Cement NewsThe Scandinavian countries of Denmark, Norway and Sweden are home to ~7.3Mta of cement production capacity. This is at odds with government plans to quicken the pace of decarbonisation in a bloc that already has one of the world’s most aggressive CO 2 targets. Yet, greater use of alternative fuels, carbon taxes and advances in CCUS may help solve this conundrum. As Scandinavia invests in modern infrastructure, it is mindful of the need to decarbonise and take care of its landscape... |