[原创]扩张中的巴基斯坦水泥业

2015-11-16 15:59:21

巴基斯坦Cherat、Attock、DG Khan Cement (DGKC)及Lucky Cement正在进行产能扩张,若扩张完成,巴基斯坦国内水泥产能将达到5300万吨。然而,受经济增长的良好预期,行业产能利用率依然能维持80%的水平。

  受益全球煤炭价格的下滑,水泥商们继续享受不断提高的毛利润。2015财年年底,煤炭(水泥业的关键原材料)价格为60美元/吨,同比下滑了16%。最新数据显示,煤炭价格已经接近50美元/吨。

  由于中国正在解决日益严重的环境问题以及经济增速的下滑,其对煤炭的需求减少,巴基斯坦国内煤炭价格预计在短期乃至中期仍会下跌。此前,自2000年开始,全球煤炭消费的增长由80%的原因是中国消费量的增长。

  巴基斯坦国内水泥销量继续保持强劲,2016财年第一季度国内水泥销量占总销量的比重达到82%,而2011年为70%,行业的总收入预计会继续增长。

  水泥行业近二十年来在产能方面始终保持在超前水平以满足国内增长的需求。从十年前的1000万吨到目前的4500万吨。

  尽管行业产能利用率平均在80%左右,然而一些主导企业已经高达90%以上。受益中巴经济走廊项目,巴基斯坦国内的经济将保持增长,国内八大主要水泥商中的Cherat、Attock和DG Khan Cement (DGKC)已经开始决定扩张它们目前的生产产能了,各自计划增加130、110和270万吨的产能。

  Cherat Cement的扩张计划预计在2017财年上半年(2016年9月)完成,而其他两个预计在2018财年完成。

  此外,最近有消息显示,Lucky Cement打算增加其在北部地区的产能,规模大概也在110万吨左右,计划2019财年投产。

  若四大生产商扩张完成,巴基斯坦国内水泥产能将增加到5300万吨。虽然即将来临的产能扩张将导致各种对国内水泥价格未来能否保持稳定的质疑,然而即使产能扩张,受益于未来8年良好的经济预期,水泥行业产能利用率依然能维持在80%。

  对于国内市场,未来8年,水泥销量预计将增长5%~6%。然而,业内预计2016~2017年出口销量预计下滑到10%左右,2018~2020年下滑5%,此后保持平稳。在相对保守的3.5~4.5%的复合增长率之后,水泥行业因经济增长的良好前景依然光明,2022年产能利用率预计将达到90%。然而,产能利用率的关键变数是业内生产商进一步大幅度的扩大产能。

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Correlation

In Li Kunming's view, with the strengthening of self-discipline and off-peak production of cement enterprises, it is expected that the market will return to normalization in 2025, and the fluctuation space will be narrowed, showing the operation characteristics of "rising with a top and falling with a limit".

2025-04-18 10:47:57

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2025-04-15 09:12:30

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2025-04-14 16:34:32

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2025-04-10 09:49:29

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2025-04-09 10:16:20

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2025-04-08 16:34:26

Sinoma Cement Tunisia Project is the largest single direct investment of Chinese enterprises in Tunisia in recent years. As the third largest cement enterprise in Tunisia, it has an annual production capacity of 1.5 million tons of cement and 1.6 million tons of aggregate, which has created more employment opportunities for the local area, made positive contributions to tax revenue and promoted the local economic and social development.

2025-04-01 20:16:02

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2025-04-01 20:10:53

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2025-03-25 11:39:07

Looking forward to the future, with the joint efforts of the government, associations and enterprises, relying on the unswerving belief and the spirit of continuous innovation, the cement industry will break through the haze, successfully achieve transformation and upgrading, stride forward on the broad road of high-quality development with a brand-new attitude, and write its own brilliant chapter.

2025-03-24 17:09:55

According to the China Cement Network Market Data Center news, last week, Guangdong Pearl River Delta, Western Guangdong and Hainan and other market notifications rose 20-30 yuan/ton, Guangxi region rose after the temporary stable operation. Last week, cement prices in the two lakes region were temporarily stable, and some regions in eastern Hubei began to notice a rise.

2025-03-24 14:33:03

In recent years, based on the new development stage, the company has vigorously implemented the strategy of "integration, internationalization and differentiation", accelerated the transformation of digital intelligence and low-carbon development, and has become a first-class building materials provider integrating cement, commercial concrete, aggregate, logistics and transportation, technology research and development, consulting services, cement kiln co-disposal of waste and other businesses.

2025-03-21 16:53:59

On March 17, local time, Huaxin officially completed the EMBU SA ENGENHARIA E of Brazil Enbu Aggregate Company. COMERCIO), with a transaction value of $176.9 million. Entering South America marks a key step for Huaxin to implement the strategy of "overseas multi-business development", which will accelerate the company's progress towards the goal of "global leading multinational building materials group".

2025-03-19 19:05:30

Looking forward to 2025, the company will focus on the annual management theme of "Deepening Reform to New Generation", spare no effort to achieve new growth in performance, reshape the sales system to create new functions, consolidate the operation foundation to rebuild new advantages, optimize the allocation of resources to formulate new blueprints, and strive to repay the trust and support of shareholders with excellent performance.

2025-03-19 10:10:17

On March 14, the 14th China Cement Industry Summit and TOP100 Award Ceremony hosted by China Cement Network was held in Hangzhou.

2025-03-14 16:25:27

What will China's building materials do in 2025? Zhou Yuxian said that around the orientation of the new main industry, China's building materials should be based on the basic advantages accumulated in the past development process, from the perspective of efficiency and efficiency, make more increments around the advantages, overcome weaknesses, optimize stock, seize variables accurately, create value and improve quality, and strive to do a good job in the four articles of "addition, subtraction, multiplication and division" to promote the group. Promote the high-quality development of the group to a new level.

2025-03-07 13:11:30

With the acceleration of the negotiations between the United States and Russia, the end of the war between Russia and Ukraine is beginning to appear, and the post-war reconstruction of Ukraine has also been put on the agenda. As an indispensable building material in the process of reconstruction, the market's attention to cement has increased significantly.

2025-03-07 11:36:54

Banking and insurance institutions should focus on the green and low-carbon transformation of traditional industries, strengthen medium- and long-term loan support for technological innovation and equipment upgrading in the fields of iron and steel, non-ferrous metals, petrochemical and chemical industries, provide insurance risk protection, and effectively meet the financial service needs of low-carbon transformation of industries with high energy consumption and high emissions.

2025-02-28 11:11:16

In 2024, due to the downturn of real estate and the slowdown of infrastructure growth, the demand of domestic cement industry continued to shrink, the profits of the industry declined sharply, and enterprises generally faced the dilemma of overcapacity and intensified price war. In this context, leading enterprises such as Conch Cement, Jidong Cement and Huaxin Cement have listed overseas development as the core strategic direction in 2025.

2025-02-17 13:23:10

In 2025, the company will focus on emerging countries and regions and adopt diversified development methods for overseas market layout and planning. Give full play to the bridgehead role of overseas representative offices, and strengthen their capabilities in information collection and analysis, trade opportunity capture and acquisition, business liaison and negotiation, etc. At the same time, we should coordinate the industry to go to sea, coordinate the "going out" of the industrial sector of the whole group, and promote the integration and development. Consolidate the development system and development capacity, and constantly improve the quality of overseas operations.

2025-02-12 09:31:55

At present, Zhongxin Kaiwei Modern Animal Husbandry Pig Farm produces 80 tons of feces and dry matter every day. The feces flows from the building to the high-temperature anaerobic fermentation tank through the closed pipeline, and produces biogas through anaerobic fermentation. After wet oxidation and desulfurization, biogas is used as energy, most of which is used as clean energy and transported to cement plants as heat source for cement mill production.

2025-01-07 20:12:54

In 2024, Taiwan Cement has shown great determination and action in overseas expansion, and actively promoted its internationalization strategy.

2025-01-03 15:35:57

Whether Red Lion Group can use new ideas to break the current predicament of the domestic photovoltaic industry remains to be tested by time. But "cold winter" more than a year, suddenly appeared a new player to open the posture to attack, but also to add some sunshine to the industry.

2024-12-27 10:54:21

In this context, the 26th International Cement Technology and Equipment Exhibition will become an important platform to promote industry innovation, bringing together the world's top suppliers, displaying cutting-edge technology and equipment, and many conference activities will be carried out simultaneously during the exhibition, building a one-stop communication bridge for exhibitors and professional audiences, not only promoting domestic brands. It also helps overseas brands to enter China, thus building a more diversified and specialized global cement industry exchange platform.

2024-12-27 09:27:20

At present, many industries in our country appear market involution, and enterprises are also fighting price war, which seriously affects the profits of enterprises, but also affects the stock prices of many listed companies. Although the occurrence of large-scale industry involution is related to the overcapacity of the industry, it is also related to the competitive concept of enterprises, the low-price bidding of the industry and the blind low-price competition. Therefore, how to carry out healthy competition, how to overcome industry involution, how to carry out reasonable pricing, these are the problems we must face and solve.

2024-12-24 18:33:47

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2024-12-23 10:03:36

Li Yeqing, president of Huaxin Cement, mentioned in an investor relations event in the first half of this year that Huaxin Cement does not have too many restrictions on overseas development in the region, and the company will expand along a region, such as Africa in the recent stage, Asia is still looking for opportunities, and South America will go in the future. If Huaxin is committed to becoming a global multinational company, it will not stick to or be confined to a certain country or region.

2024-12-18 13:20:19

On December 17, the Ministry of Industry and Information Technology held a press conference to introduce the Action Plan for the Optimization and Upgrading of Raw Materials Industry (2025-2027), as well as the measures and results to promote the high-quality development of raw materials industry.

2024-12-17 14:31:45

ICRA believes that due to the slowdown of construction activities during the general election in the first quarter of fiscal year 2025 and the impact of strong monsoon rains in the second quarter on the growth of cement production in India, which is slower than expected, it has slightly revised its forecast for the growth of cement production in fiscal year 2025 from 7-8% released in July 2024 to 4-5%..

2024-12-09 16:01:22

On December 1, Huaxin Cement announced that it intends to acquire Holley Nigeria Caricement B. V and Davis Peak Holding for US $838 million (RMB 6.082 billion). 100% equity interest in Limited. Huaxin Cement's overseas business has become an important business pillar of the company, and this acquisition is expected to open up a new pattern of Huaxin's overseas market, which is an important fulcrum for the company to expand the West African cement market.

2024-12-03 09:27:50

On October 28, 2024, General Secretary Xi Jinping, presiding over the 17th collective study of the Political Bureau of the CPC Central Committee on building a strong cultural country, stressed that we should anchor the strategic goal of building a strong cultural country in 2035, adhere to the fundamental guiding ideology of Marxism, root in the broad and profound Chinese civilization, and conform to the trend of information technology development. The socialist culture with Chinese characteristics in the new era with strong ideological leadership, spiritual cohesion, value appeal and international influence will constantly strengthen the people's spiritual strength and lay a solid cultural foundation for the construction of a strong country and national rejuvenation. China Cement Association Corporate Culture Seminar 2024

2024-11-28 13:24:22

Involution is a roadblock to the development of the industry and a fat stone to move forward, which is harmful but not beneficial. Because the core of involution competition is to protect oneself, protect the market, and fight price war, once the enterprise is difficult to operate and its efficiency declines, without economic support, the enterprise is like a body drive with its skeleton and blood removed, unable to gain a foothold, it can no longer have new ideals and goals, can no longer concentrate on technological innovation and effective technological transformation, and can no longer take society and the overall situation into account. It is impossible to truly achieve green, low-carbon and digital operation, in short, enterprises without economic support will be eliminated and eliminated sooner or later, where can we talk about progress and development?

2024-11-15 18:10:09

Sincerely hope that colleagues, the future of the cement industry where to go, carry out a big discussion within the industry, brainstorm, and work together to break the situation!

2024-11-13 15:58:52