12-13 Oct, 2009 - Abu Dhabi, U A E
Millennium Hotel, Abu Dhabi
Millennium Hotel, Abu Dhabi
How soon will market recover with the revival of the
construction industry?
Garnering New Leash of Opportunities into 2010
Nestled between the emerging markets of Africa & traditional markets of Asia, the Middle East is a pivotal trading route for both meeting demand and soaking in supply. Despite the global slowdown, momentum in the GCC & Levant region is still being funneled by multibillion dollar stimulus packages and real estate investments.
"The need for housing & continued government investments in infrastructure development in emerging economies will drive the global demand for cement."
Commodity Online, April 2009
"Total value of real estate projects under construction in the GCC stands over US$2.39 trillion."
Arab Construction World, April 2009
"Abu Dhabi expects almost US$7 billion worth of major construction contracts to be awarded this year, underpinning growing confidence in the emirate's construction sector."
MEED, May 2009
CMT's 4th MidEast CemenTrade will focus on critical insights and market intelligence that will prepare and secure your business for the coming year
So register with your team now at www.cmtevents.com or send your enquiry to cynthia@cmtsp.com.sg
You will network with
Senior executives from international/regional cement producers/traders,
ready-mix concrete, pre-cast & building materials companies,
cement raw materials suppliers (slag, fly ash, steel, coal),
construction/infrastructure/building/equity/research analysts,
project financiers/banks, engineering, technology & equipment providers,
logistics & shipping companies (dry bulk and cement carriers), CDM consultants
4th MidEast CemenTrade summit convenes on 12-13 October 2009 in Abu Dhabi to explore the revival of the construction industry and demand for cement & concrete in the MidEast region. GCC Cement Producers, Construction Industry Majors & Investors share perspectives on real estate development and infrastructure construction activity fuelled by buoyant economic growth.
Abu Dhabi, UAE, Sept 09, 2009 -- The 4th MidEast CemenTrade summit convenes on 12-13 October 2009 in Abu Dhabi' Millennium Hotel to map the outlook for the cement and construction industry in the GCC within the context of the global financial crisis. The conference will also explore strategies adopted by key regional cement producers and construction industry majors to stay competitive.
"Commodity Online" reported in April 2009: "The need for housing & continued government investments in infrastructure development in emerging economies will drive the global demand for cement." Nestled between the emerging markets of Africa & traditional markets of Asia, the MidEast is a pivotal trading route for both meeting cement demand and soaking in supply in the region.
Despite the global slowdown, momentum in the GCC & Levant region is still being funneled by multibillion-dollar stimulus packages and real estate investments. According to Arab Construction World, "The total value of real estate projects under construction in the GCC stands over US$2.39 trillion."
4th MidEast CemenTrade presents critical insights and market intelligence on emerging trends and trade flows in the region's cement, concrete & construction industries. The conference will also explore the implications and impact of these key developments on global cement demand and supply.
Key stakeholders, GCC Cement producers and Construction industry majors will share:
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4th MidEast CemenTrade will be of strategic importance to the cement, concrete & construction industry in the Middle East where participation, support and insights from key stakeholders in the region's cement sector will alter the course of the industry in the months ahead.
Those seeking more information on participation, and sponsorship or media exchange opportunities at 4th MidEast CemenTrade summit should visit 4th MidEast CemenTrade meet_12-13 Oct, 2009 in Abu Dhabi_GCC Cement Producers, Construction Industry Majors & Investors share perspectives immediately or contact Ms. Grace at +65 63469147
09 Sep, 2009
Countries with low cost cement production will be better positioned to survive the declining global cement prices, according to a recent report from Global Investment House. This is in light of increasing production capacity in the region, which has coincided with the global economic slowdown.
Briefly, MENA's cement production capacity is forecasted to increase by 40.5 per cent, reaching about 529mn tonnes in 2012, as per expansion plans. In 2008, annual Cement production in Arab countries stood at 222 million tonnes, representing 59 per cent of the region’s annual production capacity, and the annual cement production capacity in the Arab World is set to increase by 99million tonnes over the next four years, reaching 321million tonnes by 2012.
The UAE, Egypt and Saudi Arabia are among the countries implementing considerable capacity expansion plans, contributing about 32 per cent of the new capacity expansion in the region. Egypt is projected to increase annual Cement production capacity by 43%, Saudi Arabia by 27%, and UAE by 56% from 2008 production capacity levels.
Will increasing capacity result in lower costs of production through economies of scale?
The report also states that Cement production cost varies among different Middle East and North Africa (Mena) countries, depending on the cost of energy, raw materials and labour.
Algeria, among the MENA countries, has the lowest cash cost of production at $15 per tonne. Other major cement producers including Iran ($23/tonne), Saudi Arabia ($24/tonne), Egypt ($32/tonne) and UAE ($33/tonne) are poised for growth in the MENA cement sector due to relatively low costs of production.
Find out more about trends in the MENA cement markets at the upcoming 4th Mid East CemenTrade conference on 12-13 October in Abu Dhabi. The conference will provide:
… plus many more.
>>View the complete agenda here<<
01 Sep, 2009
Saudi Arabia could finally lift the ban on export of cement. The decision to lift the export ban on cement has been pending with the Saudi Government, which is demanding an assurance from manufacturers that the prices will not be increased.
A senior industry expert said the government has to remove the ban to reduce stockpiles.
"According to information available, Saudi Arabia could very soon announce its decision to lift the ban. There is no other option left. The country's current annual production capacity is 17 million to 20 million tonnes more than the domestic consumption," said the official on condition of anonymity.
However, he said, it is not clear if the removal of the ban would be applicable to all companies or only to those that agree to recommendations set by the Saudi Trade and Industry Ministry.
Saudi Arabia had last week said it would continue with the ban on export of cement until producers agree to the demands and conditions set by the Ministry of Commerce, but added that export permission could be granted only to those companies accepting its conditions. Meanwhile, according to media reports, the ministry has decided to lift its restrictions on cement exports from May 25.
Saudi Arabia could export cement at Dh15 per bag [that weighs 50kg], he said. "At present we are selling in Saudi Arabia at Dh13 per bag. This is ex-factory price. The government, however, wants to bring down the prices to Dh11 per bag," he said. "I know in the UAE too the ministry has introduced a price cap of Dh14 per bag. But it is unrealistic for companies here to sell at such low rates."
According to the official, companies would rather opt for a cut in production than produce cement at a loss and stockpile. "If the government does not lift the ban, factories would prefer to go for production cuts. Given the present economic situation, we can expect a production cut of up to 30 per cent".
According to a recent report by NCB Capital, the 12 cement companies in Saudi Arabia have an estimated annual production capacity of 48 metric tonnes.
Source:http://www.cementchina.net/news/shownews.asp?id=5540, 20 May 2009
To learn more on Saudi Arabia’s cement exports, hear from Mr. Hassan Gabry, Commercial Director of Al Jouf Cement Company as he presents his paper on;
New Road Map for Cement Industry in Saudi Arabia
Speaking Slot: 12 October 2009, 11.25am
23 Jul, 2009
Cement production in Iran has shown an upward trend toward self-sufficiency after the victory of Islamic Revolution in 1979 and its production has increased by eight-fold in the past 30 years, reaching 64 million tons by March 20 2009.
Self-Sufficiency
Iran has become self-sufficient in design, construction, installation and execution of cement production units.
Experts pinpointed that among the advantages of Iran’s cement production are the quality and fair price, presence of export markets, sufficient deposit and high-quality fuel. This industry is considered more lucrative due to low price of cement production as compared with other export markets.
Given the surplus cement production since January, removal of the existing rift between supply and demand, as well as sufficient storage of cement in the country, a market monitoring workgroup agreed with maintaining the determined price ceiling for the domestic market and eliminating the export duties of cement.
The government had set the price of each ton of type-I grey cement for export at one million rials in order to prevent shortage of cement in the domestic market due to excessive export of this type of cement.
Export Liberalization
Market analysts predict that after agreement of government with liberalization of cement exports on condition of regulating the market and controlling the prices, Iran will become the world's fourth cement producer within next three years. With liberalization of cement exports this year, a total of 400,000-500,000 tons of cement were exported.
Deputy Head of Majlis Industry and Mine Commission, Ahmad Mahdavi Abhari, told Iran Daily that given the cement factories that have become operational until now, Iran's cement production reached to more than 50 million tons so that the cement produced in Iran is more than the domestic need and that is why the government has liberated export of cement.
"Once several cement producing factories become operational next summer, the cement production will considerably grow," he said.
Mahdavi Abhari pointed out that permits for production of 119 million tons of cement have so far been issued. He assessed the current price of cement in the domestic market as fair, adding that the volume of cement export depends on the output of the cement factories.
"Since cement production is increasing in the country, the cement prices will decline," Mahdavi Abhari said.
Source: www.Iran-daily.com, 8 February 2009
To learn more on Iran’s cement market, hear from Mr. Arash Habibi Azad, Planning Manager of Fars and Khuzestan Cement Co as he presents his paper on;
Iran’s Cement Market & Prospects for Central Asia
Speaking Slot: 13 October 2009, 10.50am
20 Jul, 2009
Rabih Chehouri, Managing Director of Solving Efeso, Middle East and Africa, discusses market demand planning, risk assessment and successful investment strategies in the emerging economies of the Middle East. The extended Middle East region has witnessed unprecedented real estate development and construction activity, fuelled by buoyant economical and demographic growth. What is the outlook of the cement industry in this region within the context of the global financial crisis? What are the new winning strategies? Click here to read the full article
Source: http://www.solvingefeso.com/index.php?m1=Press-room-|-Download&l1=Press-Review
To learn more about cement investment opportunities in MEEA(Middle East East Africa) and meet Rabih Chehouri in person, do join us at the 4th MidEast CemenTrade 2009.
He will be presenting his papers on the topic:
Cement Investment Opportunities in MEEA: Winning strategies through diligent planning
- Cement demand/supply dynamics in MEEA
- Critical planning factors & economic viability
22 Jun, 2009
Speakers and Delegates at the recently concluded Africa CemenTrade conference in Tunis re-affirmed the cement industry’s view that Africa will be a continent for industry growth, remaining upbeat even as markets around the world seem to be ‘cooling off’ due to the crisis.
Alberto Piana, Executive Director of JP Morgan’s Building Materials team said during his speech, “Despite short-term earnings pressure, Africa and Middle East remains a key engine for growth in the cement industry.” Discussing the Consolidation Trends & Shareholder Value in the Cement Industry, Mr. Piana pointed out that the “majority of new capacity has come from emerging regions,” including new projects in Africa.
The conference also featured the regions leading Cement industry executives like Dangote Cement’s CEO Tony Hadley, who shared on his organisation’s strategy to consolidate position in Nigeria, build capacity to bridge shortfall in cement supply in the ECOWAS region & their expansion plans in Africa. Tony commented that the impact of the crisis on West Africa cement will see a potential shift from predominantly Asian supplies (China, Taiwan, Korea) to sourcing from Europe (Spain, The Med & N. Africa) & the ME in the near future. The conference also featured insights from Lafarge Cement Egypt, Libyan Cement Co, Athi River Mining Co., HC Trading, GS Cimentos, Les Ciments de Bizerteand many more.
Speakers at the conference also touched on the impact of the credit crunch on Africa’s infrastructure boom, regional cement demand/supply outlook, reducing production costs & project management experience, logistics challenges, Chinese investment into the region and experiences sharing by established players in the African markets.
Boisset & CIE’s representative, who attended Africa CemenTrade, said Africa CemenTrade provided an “excellent overview of Africa cement market & actual situation.” The participant from Lafarge Cement Egypt, who commented, “AfricaCemenTrade was a well-organized & high value event”, echoed his view!
Africa CemenTrade received accolades as the “Must-Attend” conference to meet decision makers and key players in Africa’s construction & cement industry. With the positive industry feedback, Africa CemenTrade saw participation from Company Presidents, CEOs, Vice-Presidents, Managing Directors General Manager, Export Managers, Regional Sales Manager, Trading & Shipping Manager, Investors Trade Specialists and Chartering Managers.
The presence and participation of these top executives made networking at Africa CemenTrade of particular value. Delegates were able to maximise the ample networking opportunities during the conference. Delegates also utilized the CMT connect privileges extended to them, making numerous connections with key players before & after the conference. The Exhibitors at the conference were especially pleased with the maximum exposure to the African marketplace and contacts established during the conference.
The over 150 participants at the conference were most vocal in expressing their appreciation for the networking at Africa CemenTrade. As Mondi Group’s representative summed up, Africa CemenTrade offered “Very good networking in the cement world!”
In short, Africa CemenTrade was a great experience for all who participated. The event, which received a “very good” rating from all participants, delivered on its promise to present an objective overview of the emerging opportunities in the African cement marketplace.
In fact, plans are already laid out for a spin-off event, 4th Middle East CemenTrade conference, which will convene on 12-13 Oct, 2009 in Abu Dhabi, focusing on the theme "Will construction & real estate markets recover to boost the region's cement sector?”. The October conference aims to provide an objective overview into the challenges ahead for the cement industry. >>Click Here to confirm your participation.<<
4th Middle East CemenTrade promises to be another crucial networking event for the Middle East cement industry. Organisations keen on maximising their visibility and promoting their products and services at 4th Middle East CemenTrade can email Ms. Angelia at angelia@cmtsp.com.sg to find out more about the customized media partnership and sponsorship packages available.
29 May, 2009
