Cement News tagged under: market reports
South Korea’s green goals31 May 2022, Published under Cement NewsSouth Korea’s cement consumption advanced further in 2021, but challenges, including bituminous coal supply issues, have hampered the industry’s ability to increase production. Meanwhile, improving the sustainability of cement production, carbon neutral research and ESG efforts remain high on the industry’s agenda. By Korean Cement Association, South Korea. In line with South Korea’s commitment to achieving carbon neutrality by 2050, improving the sustainability of South Korean cem... |
Developing central Asia16 May 2022, Published under Cement NewsThe central Asian cement markets of Kazakhstan and Uzbekistan are among the most active accumulators of greenfield plants and expansion projects. Construction and infrastructure projects are on a huge scale and opportunities are emerging for the cement sector to play its part in the development of these countries. By ICR Research, UK. Bordering China, Kazakhstan is seeing large infrastructure projects under impetus of the Belt and Road scheme, while in Uzbekistan infrastructure pro... |
Public spending to drive US cement growth03 May 2022, Published under Cement NewsFollowing a turbulent start to the decade, PCA looks ahead to what the US cement sector can expect in terms of economic revival and the factors determining a possible upswing in cement demand in the 2022-24 period. By Ed Sullivan, PCA, USA. While the retreat of COVID-19 is expected to repair the supply chain, US Federal Reserve actions will be required to support the domestic construction market and the cement industry in the next few years (Image credit: rhobes) Despite all ... |
Southwestern US cement03 May 2022, Published under Cement NewsWhile the Southwestern US cement markets of California, Arizona and Nevada were immune to the COVID-19 pandemic, subsequent broken supply chains, rising inflation and climate change may still considerably affect their health. By Rob Roy, ROI Economic Consulting, USA. The largest cement company in the Southwest USA, CalPortland’s cement plant in the Mojave Desert, California, is one of the company’s four cement plants in the region The arrival of COVID-19 in 2020 compressed a... |
Spain's hopes for the future26 April 2022, Published under Cement NewsSpain’s cement industry saw a more positive 2021 than initially expected as domestic demand took a jump of 11 per cent YoY to support the country’s recovery to pre-pandemic levels. Aniceto Zaragoza, general manager of the country’s cement association, Oficemen, explains the cautious optimism and challenges that lie ahead for the sector. By Aniceto Zaragoza, Oficemen, Spain. The Spanish cement industry benefitted from public works in 2021 as it recovers after the COVID-19 pandemic ... |
China at a crossroads20 April 2022, Published under Cement NewsChina’s cement industry stands at a crossroads as the country embarks on its 14th Five-Year Plan (2021-25) and the country confirms its goal for peak carbon by 2030 and carbon neutrality by 2060. Restructuring efforts continue to transform the cement sector and the industry is now setting its sights on ‘double-carbon’ ambitions and actions. By Fei Chen and Bailin Chen, China Cement Association. China’s cement sector is at a crossroads as the country aims for peak carbon by 2030 and ca... |
Ukraine: times of uncertainty04 April 2022, Published under Cement NewsUkraine’s cement industry has been seeing off anti-dumping imports from surrounding countries while encouraging a revival in domestic and export cement capacity. However, Russia’s military invasion in February 2022 has thrown the country into war with its neighbour. By Ukrcement Association, Ukraine, and ICR Research, UK. While Ukraine’s cement industry successfully addressed challenges in 2021, it faces a challenge of an entirely different magnitude in 2022 as Vladimir Putin order... |
Japan: securing sustainability22 March 2022, Published under Cement NewsJapan’s cement industry is expected to have advanced modestly in FY21, and while significant declines are unlikely going forward, growth potential is lacking. Therefore, the sector is looking to secure sustainability through price increases, enhancing businesses outside core cement segments and accelerating its move towards decarbonisation. By Hajime Inoue, Japan Credit Rating Agency, Japan Large-scale construction projects, such as the Osako Expo, are expected to keep cement deman... |
Upbeat times for GCC cement?21 February 2022, Published under Cement NewsUnderpinned by high oil prices, cement demand in the Gulf Cooperation Council (GCC) countries looks set for better times. However, cement capacities in the member countries remain ahead of market requirements and it remains to be seen how much profit can be clawed back by the region’s cement producers after the COVID-19 pandemic affected demand. By Hettish Karmani, Ubhar Capital SAOC, Oman. As oil price volatility decreases and the GCC governments slowly return to spending on infrast... |
South Africa’s long walk to recovery08 February 2022, Published under Cement NewsWhile 2021 saw some pick-up in South Africa’s cement market, analysts do not expect a full recovery before mid-2024. By Industry Insight, South Africa. As the COVID-19 mutation Omicron sweeps through the country, South African cement producers see market recovery postponed (Photo credit: AfriSam) The South African economy remains in crisis. Although there was a recovery in local production and consumption in 2021, record lows due to the COVID-19 pandemic and a lockdown-ravage... |