Displaying items by tag: Sales

Morocco: Cement sales are expected to reach 6.8Mt by the end of June 2025, up 10% from 6.2Mt in the same period in 2024, according to the Ministry of National Land Use Planning, Urban Development, Housing and Urban Policy.

Sales by members of the Professional Association of Cement Manufacturers (APC) – Asment Temara, Ciments de l'Atlas, Ciments du Maroc, LafargeHolcim Maroc and Novacim – totalled 0.83Mt in June 2025, up by 12% year-on-year from 0.75Mt.

Pakistan: Local cement despatches are expected to fall by 28% month-on-month and 15% year-on-year to 2.63Mt in June 2025, primarily due to reduced working days over the Eid holidays. Daily average sales dropped to 88,000t from 118,000t in May 2025. Provisional data covering 22 days of the month showed 1.75Mt of cement sold, with full-month estimates at 2.5Mt, below the 11-month average of 3.06Mt.

Total sales for June 2025 are forecast at 3.54Mt, flat year-on-year but down 24% from May 2025. Sector capacity utilisation is projected at 52%, down from 68% in May 2025. For the 2024–25 fiscal year, total cement sales are expected to remain flat, with a 5% drop in local sales and a 30% rise in exports. Analysts anticipate recovery in the 2026 financial year, supported by improved macroeconomic conditions and lower interest rates.

Indonesia: Cement consumption fell by 5% year-on-year to 5.18Mt in May 2025, despite rising 32% month-on-month following Eid al-Fitr, according to Kontan.co.id news. The annual drop reflects ongoing purchasing power challenges, longer holidays and routine demand from the construction of the country’s new capital city at Nusantara.

Java remained the top sales region at 2.73Mt, down by 6% year-on-year. Sales outside Java also declined by 3% to 2.45Mt. Bagged cement consumption fell by 4% to 3.69Mt, while bulk cement demand dropped by 6% to 1.49Mt. Cumulative sales from January to May 2025 stood at 22.27Mt, down 2% year-on-year, compared to a 1% decline in the January–April period.

Equity research analyst Andreas Saragih at Mirae Aset Sekuritas said “Although there was a deeper contraction, we are of the view that the achievement is relatively in line with expectations, because it is equivalent to 35% of our 2025 cement sales estimate.”

Vietnam: Siam Cement Group Vietnam (SCG Vietnam) recorded sales of US$301m in the first quarter of 2025, 43% of group regional sales outside of Thailand.

SCG Vietnam hosted Vietnamese Prime Minister Pham Minh Chinh at its US$5.5bn Long Son petrochemicals complex earlier in 2025, when it announced that currently planned investments will target the petrochemicals division, as opposed to cement. It acquired the Sông Gianh cement plant in Quảng Bình for US$156m in 2017.

Morocco: Cement sales reached 6Mt from January to May 2025, up by 9% year-on-year from 5.5Mt, according to the Ministry of National Territorial Planning, Urban Planning, Housing and Urban Policy.

The growth concerns deliveries by Professional Association of Cement Manufacturers (APC) members Asment Temara, Ciments de l'Atlas, Ciments du Maroc, LafargeHolcim Maroc and Novacim. In May 2025, APC members delivered 1.5Mt of cement, up by 7% from 1.4Mt in May 2024.

Japan: Domestic cement sales in April 2025 fell by 5% year-on-year to 2.6Mt, according to the Japan Cement Association. This marked the 32nd consecutive monthly decline, attributed to reduced construction hours under overtime restrictions. The Tohoku and Chugoku regions recorded the steepest falls, with labour shortages and rising construction costs driving the decline in Chugoku. Domestic demand has been in decline for six consecutive years, and continues to decline due to a combination of factors including the chronic labour shortage at construction sites, rising construction costs and the longer construction period due to the introduction of a full two-day weekend system at construction sites in recent years.

Morocco: Cement sales rose by 10% year-on-year to 4.5Mt from January to April 2025, according to the Finance Ministry's Department of Financial Studies and Forecasts (DEPF).

In April 2025, sales jumped by 32% year-on-year, driven by good performance in all delivery segments.

South Korea: Domestic cement consumption fell by 22% year-on-year to 8.12Mt in the first quarter of 2025, the lowest figure for first-quarter sales in five years, according to Chosun Biz news. This marks a 32% (3.9Mt) drop from the 2023 peak of 12Mt. A domestic decline of more than 20% in the first quarter has not been seen since the 1998 financial crisis. At that time, first-quarter domestic sales decreased by 23% to 8.9Mt.

Cement companies have seen a corresponding decline in revenue. Hanil Cement’s operating profit dropped by 75% year-on-year to US$9m, Asia Cement’s fell by 70% year-on-year to US$2.4m and SAMPYO Cement’s declined by 90% to US$1.15m. Ssangyong C&E and Sungshin Cement both reported operating losses of US$19m and US$4.4m respectively.

A Cement Association representative said "For the time being, the decrease in domestic cement consumption is likely to continue, and management performance will further deteriorate. Unless a groundbreaking measure to overcome the construction market slump emerges, the forecast of 40Mt of domestic cement consumption in 2025 seems doubtful."

Pakistan: Cement despatches rose by 13% year-on-year to 3.34Mt in April 2025, driven by an 8% increase in domestic sales to 2.52Mt and a 35% rise in exports to 0.83Mt from 0.61Mt, according to All Pakistan Cement Manufacturers Association (APCMA) data. Total despatches in the first ten months of the current financial year declined by 0.3% year-on-year to 37.3Mt. Domestic sales dropped by 6% to just under 30Mt, while exports rose by 29% to 7.36Mt.

Belarus: Belarusian Cement enterprises produced 5.34Mt of cement in 2024, up by 7% year-on-year, with shipments rising by 10% and total sales to domestic and foreign markets by 6.5%.

The holding company’s three plants, OJSC Krasnoselskstroymaterialy, Belarusian Cement Plant and OJSC Krichevcementnoshifer, accounted for 86.5% of domestic cement sales in the first quarter of 2025. The group also exports to Russia, supplying up to 10% of demand in the Central and Northwestern Federal Districts. It plans to increase market share further by modernising its production lines.