Cement News tagged under: outlook
Kazakhstan’s way ahead09 March 2021, Published under Cement NewsKazakhstan’s cement industry has come a long way with the modernisation of existing and construction of new cement plants. Effective government support measures and housing construction helped cement output reach a record high in 2020, but challenges persist as economic development and demand growth lag behind production capabilities. By CMPRO, Russia, and QazCem, Kazakhstan. Effective government support measures and housing construction led to record-high cement output by Kazakh c... |
Vietnam's cement and clinker sales rise 2% in 202011 January 2021, Published under Cement NewsVietnam’s total sales of cement and clinker has been estimated at 101.5Mt for 2020, representing a rise of 1.5 per cent over 2019. According to a report by SSI Research, domestic cement demand is forecast to increase around 5-7 per cent this year compared to 2020. The increase in domestic sales is expected due to infrastructure investment, foreign direct investment into the country and the recovery of the real estate market. Elsewhere, Vietnam Cement Corp (VICEM) has also outlined its ... |
C’est la Vicat15 September 2020, Published under Cement NewsSince Louis Vicat discovered artificial cement in 1817, the France-based Vicat group has expanded to be a major cement producer in 12 countries. The family-owned business was founded in 1853 when it launched its first dry-process plant. More recent investments have focussed on Vicat structuring its business around the circular economy, the regeneration of the Ragland plant in USA, the acquisition of Ciplan in Brazil, and greenfield expansion in India and Africa. Supporting revenues also cont... |
Creating France’s post-COVID-19 landscape14 September 2020, Published under Cement NewsWhile the coronavirus pandemic has affected France’s construction sector, going forward there are new opportunities for domestic cement producers as they support a shift in focus, creating a different landscape to address climate change. By Syndicat Français de l’Industrie Cimentière (SFIC), France. Prior to the outbreak of COVID-19 in France, domestic cement output had increased by 4.4 per cent in January and market growth accelerated to 5.2 per cent in February, according to I... |
Bracing for an uncertain future25 August 2020, Published under Cement NewsDespite being a general election year, Indian cement demand growth unexpectedly stagnated for most of 2019. Furthermore, the ongoing COVID-19 crisis further restricted demand in the opening quarters of 2020. Going forward, considerable uncertainty remains and hope rests on an economic recovery led by a large-scale stimulus package. The decline in investment proposals and project announcements in India’s infrastructure sector suggest a sluggish demand environment due to the coronavi... |
Preparing for a financial crisis30 June 2020, Published under Cement NewsDr Michael Clark looks at how the global health emergency of the COVID-19 pandemic is expected develop into a financial crisis, and the potential impacts of this for the cement industry. By looking back over the past 30 years, we can see the effects the Asian financial crisis and the global financial crisis had on the sector. With this in mind, what can we expect in the near future? The Asian financial crisis originated in Thailand and was fuelled by credit extensions made to suppo... |
Vicat to revise 2020 outlook in view of coronavirus30 March 2020, Published under Cement NewsVicat has warned that while its 2020 outlook needs to be revised in terms of the potential impact of COVID-19 on the cement producer’s business, it is not able at this stage to provide a detailed and accurate assessment of how its markets and financial performance will develop during the course of the year. Adaptation measures have already been implemented, including a plan to reduce operating costs and defer non-strategic capital expenditure. |
FLSmidth suspends financial guidance for 202025 March 2020, Published under Cement NewsFLSmidth has suspended its financial guidance for 2020, following the global uncertainty caused by the global COVID-19 pandemic. "The underlying mining and cement industries remain sound but given the day-to-day development in markets around the world, we are currently unable to assess the extent of the impact," said the company in a statement. The company is reporting increasing disruptions to customers and its own operations, with higher costs related to more complex logistics and a ... |
HeidelbergCement confirms positive 2019 results20 March 2020, Published under Cement NewsHeidelbergCement has confirmed the positive preliminary results for 2019 it published last month , thereby concluding the business year successfully. "Although the environment was again challenging, we were able to improve numerous important key figures in the 2019 financial year. Especially our good profit for the financial year before non-recurring effects and the strong cash flow exceeded our expectations," said Dominik von Achten, chairman of the Managing Board of HeidelbergCement. ... |
Kazakhstan: staking a claim23 April 2019, Published under Cement NewsWhile Kazakstan’s cement demand fell in 2018, the future holds the promise of an expanding domestic market and increasing export sales. Therefore, domestic cement producers are expanding capacity while new entrants stake a claim to future cement market growth. By Joseph F Govreau, Industrial Info Resources, USA. With ambitious infrastructure development programmes and a robust residential construction market, Kazakh cement producers are expected to enjoy rising cement demand in the... |