Canada's infrastructure is growing rapidly, and the
International Monetary Fund ( IMF ) predicts that Canada's GDP will grow by 1.9% this year. Among them, Alberta, British Columbia and Ontario are the best performing provinces. According to the Buildings olutions. Com , the Canadian construction industry as a whole will grow by 4%, while the non-construction industry, including infrastructure, public works and transportation, is expected to grow by 7%. Analysts in the
United States believe that the U.S. economy will reach its annual growth target of 3% this year, driven by $1.5 trillion in tax cuts and government spending increases. In Mexico, economic growth is expected to be around 2.4% this year, slightly higher than last year's 2.1%.
The American Portland Cement Association ( the Portland Cement Association ) has echoed the President's call for additional investment to revitalize the United States infrastructure, And urged Congress to act quickly on legislation to fully fund and maintain the program. It is reported that in 2017 , the cement production in the United States was about 86.3 million tons, and the consumption was about 96.8 million tons. The US imported about 10.1m tonnes of cement by sea last year, according to Ad Ligthart, a cement distribution consultancy.
In February this year, Heidelberg Cement ( Heidelberg Cement ) announced that its subsidiary, Lehigh Cement Company LLC , has signed an agreement. It sold its 51% stake in Lehai White Cement ( Lehigh White Cement ) to another shareholder, Aalborg Cement Group ( Aalborg Cement Co. ). In 2016, Heidelberg completed the acquisition of Essroc . In addition, the Old Castle Group ( CRH ) successfully launched a bid for the acquisition of Grey Forest Cement ( Ash Grove Cement ) last year and is expected to complete the acquisition this year.
In its 2017 earnings report, Mexico 's CEMEX said it had achieved its highest profit since 2007, with profits increasing from $750 million in 2016 to $806 million in 2017. In March this year, Cemex proudly announced that they were the first company in the world cement industry to realize remote control of cement production lines.
Cemex's control center, located in the heart of Monterrey, operates 24 hours a day, 365 days a year. It can track the operations of 14 cement production lines, 25 kilns and 86 grinding stations in Mexico, as well as two production lines in Colombia and the United States. Another large cement company in Mexico, Chihuahua Cement Group ( Grupo Cementos de Chihuahua ), increased its total sales by 23.6% in 2017. This is due to the successful merger of the group's Texas and New Mexico branches in the United States. It is estimated that cement production in Mexico will reach 49 million tons per year by 2019 . Economic Recovery
in South America Drives Cement Industry
The International Monetary Fund (IMF) is optimistic about the economy of Latin America and the Caribbean, based on recent developments in the world economy and financial markets. With the end of the recession in several countries, such as Brazil, Argentina and Ecuador, the region as a whole will gradually recover. The growth rate of the regional economy is expected to increase from 1.3% in 2017 to 1.9% in 2018 and 2.6% in 2019. In Central America and the Dominican Republic, output growth remained strong, and the economies of the Caribbean region generally improved. However, some islands devastated by hurricanes in 2017 face a long recovery process.
GDP forecasts show Brazil growing at 1.9% this year and 2.1% in 2019; Chile growing at 3% this year; Ecuador growing at 2.2% this year; and Peru growing at 4% annually in both 2018 and 2019. In addition, Argentina's economic growth may decline from 2.8% this year to 2.5% in 2019 due to fiscal and monetary policy constraints. In Venezuela, real GDP is expected to fall by about 15% this year as the domestic crisis deepens. According to the Financial Times, hyperinflation in Venezuela is intensifying, and the United States, Canada, Japan, the European Union and some of Latin America's largest countries have not recognized Venezuela's presidential election in May this year. Earlier
this year, IA Cement, in its report entitled " Cement 2018 ", predicted that the cement industry in South America would achieve uniform growth, with cement demand rising slightly by 1%. The report predicts that Argentina 's cement industry will grow strongly, Colombia 's cement industry will gradually recover, and Brazil will remain stable. World
Cement mentioned earlier this year that the Cuban cement industry is planning to replace three cement production lines in the country. One of the production lines to replace the aging Jose Melsehone is expected to be completed within three years. Elsewhere, Caribbean Cement said it would restart the export trade of cement after completing a $50 million modernization project. In Argentina, Humboldt Widak Machinery ( KHD ) has been entrusted by Lafarge Holcim with the contract to modernize the production line in Cordoba.
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