24-25 Mar, 2010 - Singapore, SINGAPORE
Goodwood Park Hotel Singapore
Goodwood Park Hotel Singapore
Although recent trends suggest an end in sight for the global economic slowdown, the cement oversupply in Asian markets indicate that the Asian Cement industry is in for another uncertain year for 2010.
According to Imran Akram, a key analyst at Collins Stewart, 2009 turned out to be a resilient year in the face of an economic meltdown in the US and Europe. Cement prices helped up very well, a testament to the industry restructuring of recent years.
As capacity growth hits the tipping point demand can no longer keep up. In Imran’s recent presentation at a global Cement conference, he commented that there has been a rapid growth in capacity since 2006, despite delays in many plants in Africa, Middle East and India, Chinese VSK closures and few new plants in Southeast Asia.
For 2010, demand growth is likely to continue in markets like China/India, and return to the rest of Asia. Rapid capacity growth however poses a key industry challenge. Despite some delays and several closures of old plants, the stream of new capacity in several countries will create an open question mark for 2010.
Imran Akram will be presenting an important overview of the global cement markets at the 12th Asia CemenTrade Conference in Singapore on 24-25 March 2010.
Those keen on participating in 12th Asia CemenTrade can submit their registrations online by >>Clicking Here<<.
