Cement News tagged under: market reports
Turkish ambitions24 October 2022, Published under Cement NewsAfter a challenging 2021, the Turkish cement sector is preparing for more hopeful times ahead with domestic sales expected to be supported by new investments from the 2H22. There are also a number of priorities for the domestic cement industry, including environmental endeavours and promoting the use of roller compacted concrete roads. By TÜRKÇIMENTO, Turkey. New investments in the construction market are expected to help the Turkish cement sector following a challenging 2021 (© bo... |
Germany invests in green cement13 October 2022, Published under Cement NewsThe German cement industry’s attention is firmly fixed on energy efficiency, alternative fuels and lower CO 2 emissions. Renewable energy, digitalisation and carbon capture will be the next significant steps it takes to improve performance and usher in the age of green cements. The CEMEX Rüdersdorf plant is helping to lead the German cement industry’s decarbonisation drive in the pursuit of carbon-neutral cement Like all European countries, Germany’s economy is expected to ... |
Spain's road to net zero20 September 2022, Published under Cement NewsThe Spanish cement industry saw domestic demand pick up in 2021 after the COVID-19 pandemic considerably impacted on the sector. However, its safety net of exports continues to face the twin challenges of high energy costs and imports from countries where carbon legislation is less strict as it accelerates on its road to net zero. By OFICEMEN, Spain. The Spanish cement industry plans to achieve carbon neutrality by 2050 Spain’s economy rebounded in 2021 after being deeply impact... |
Peru's road to recovery06 September 2022, Published under Cement NewsPeru’s cement market started its path to recovery after the COVID-19 pandemic saw demand plummet in April 2020 and then expand beyond pre-pandemic levels in 2021. For 2022-23 cement producers are quietly confident while preparing to address the challenges ahead. By ASOCEM, Peru. Peru’s cement producers are largely positive as the country’s construction sector emerges from the COVID-19 pandemic The Peruvian economy is recovering from the economic effects of the COVID-19 pandemic.... |
Pakistan's cement prospects15 August 2022, Published under Cement NewsOver the course of the 9MFY21-22 Pakistani producer profitablity has been supported by price retention and local demand, but falling exports and rising commodity prices are a cause for concern. Moreover, a slowdown in government spending on development projects could prevent domestic consumption from gaining traction. By Pakistan Credit Agency, Pakistan. A slowdown in government spending is expected to cool Pakistan’s cement demand growth In FY20-21 Pakistan’s nominal GDP increa... |
Brazil: sustainable growth02 August 2022, Published under Cement NewsFollowing a challenging year in 2020 due to the COVID-19 pandemic, Brazil’s cement industry enjoyed better times in 2021. However, uncertainty on several levels has led to growth stalling at the start of 2022 as cement makers face lower market growth and the need to invest in reducing their carbon footprint. By SNIC, Brazil. Uncertainty is expected to slow market growth in Brazil after a more positive year in 2021 After a sharp drop in 2020 – largely due to the COVID-19 pandemic... |
Ethiopia – today and tomorrow19 July 2022, Published under Cement NewsEthiopian cement demand has been relatively stagnant in recent years as the industry has faced challenges including low purchasing power and production constraints. Increased consumption during the pandemic years has been a silver lining and there is potential for further growth, but the biggest task ahead is keeping output in tune with demand. By Jagdeep Verma, Holtec Consulting Pvt Ltd, India. While the Ethiopian cement market has been relatively stagnant, the future looks more prom... |
Egypt: glimmer of hope27 June 2022, Published under Cement NewsPlagued by oversupply, soaring energy prices and a lack of competitiveness overseas, 2021 was a challenging year for the Egyptian cement sector. However, following government intervention, there is a light at the end of the tunnel as cement prices begin to rise, post-pandemic demand picks up, and balance sheets return to better health. By ICR Research, UK. Egypt’s capital, Cairo, is expected to see its 22m population double by 2050 and the government is investing US$40bn in a New A... |
India on the recovery path20 June 2022, Published under Cement NewsIndia’s cement industry made a strong comeback in 2021 as the economy started showing a visible post-COVID-19 recovery. The sector posted steep YoY growth of 21 per cent – a level not seen in recent decades – pushing overall production to above pre-pandemic levels. However, sustaining the situation through 2022 may prove challenging. As the Indian economy commenced its post-COVID-19 recovery, cement demand has returned. However, the strong YoY growth may not be sustainable Va... |
Indonesia: turning a corner08 June 2022, Published under Cement NewsFor several years, Indonesia’s cement industry has experienced stagnant domestic demand, overcapacity and pricing pressure – problems that have been exacerbated by COVID-19. However, while uncertainty remains, government infrastructure spending, energy policy and housing market growth offer hope of improvement. By George Woods, Jitin Sethi and Bhushan Bhutada, LEK Consulting. The Indonesian cement industry is expected to receive welcome support from the government against a backdro... |