London, 5 December – The World Cement Association has said it expects global cement demand growth to slow next year, as the positive outlook and signs of recovery seen in the second half of 2016 have started to fade away in the face of rising downside risks emerging in Q2 2018. 

WCA forecasts that in 2019 world cement demand will grow by 1.5%. China’s dwindling needs are a significant factor, but even excluding this, overall demand will only rise by 2.8% in 2019, lagging the levels of global economic growth anticipated by the IMF.

Escalating trade wars between US and China and its disruptive spill-over impact cause a serious setback for the global growth. Economic growth expectations have deteriorated in developed markets on the back of higher trade costs and tightening financial policies, as well as in major emerging markets due to higher borrowing costs, vulnerable exchange rates and reduced capital inflow.

In 2019, the WCA expects the US cement market will grow at a moderate pace, around 3% lower than that seen in 2018, after upside associated with the Trump administration’s large infrastructure investments has failed to materialise.

London/Beijing, 19 November 2018 - The World Cement Association (WCA) announced today the opening of its World Cement Association Beijing and President’s office. The facility will be an addition to the association’s headquarters in London and will be located at the building of China National Building Material Group (CNBM).

“We are delighted to further expand our presence in China by opening our World Cement Association Beijing and President’s office”, said Norman Greig, Secretary General of the World Cement Association. “As the producer of more than 50 per cent of the world’s cement, China plays an important role in the global cement industry, so I am very pleased that CNBM is giving us the opportunity to open an office in China.”

The office will also include the WCA Technology Centre, the WCA Research Institute and WCA Climate Change liaison. The Beijing site will allow the association to deepen its ties with Chinese cement producers and other stakeholders and to build links and share best practice with surrounding markets.

The WCA will hold its General Assembly and WCA World Cement Conference in association with Intercem at the Royal Garden Hotel in London on 5 December. WCA members and stakeholder will come together to discuss future challenges for the industry, such as digitalisation, demand and supply and climate change. Registration is now open, for more information visit: http://www.worldcementassociation.org/ga

London, 22 October – The World Cement Association (WCA) today releases the WCA Climate Change Action Plan, the association’s manifesto for delivering its contribution to the objectives of the Paris Agreement to keep the global temperature rise well below two degrees.

The Action Plan outlines measures to help WCA members develop climate protection strategies and develop best practice. The full details of the plan will be presented in London at the WCA World Cement Conference on 5th December, in association with Intercem.

“Together with all our members, we step forward to lead the cement industry towards low-carbon production and a carbon-neutral built environment,” said Zhi Ping Song, President of the World Cement Association. “We aim to provide a framework that will enable all cement companies, including smaller ones and those in developing markets, to embrace best practice by granting them access to shared knowledge and support.”

London, 2 July 2018 – The World Cement Association (WCA) is urging the global cement industry to increase efforts to adopt new technologies faster and put greater focus on innovation in order to make crucial progress on reducing CO2 emissions.

This is the key message from last week’s WCA Global Climate Change Forum in Paris, where WCA President Zhi Ping Song told members: “no more words, but actions are needed”. Delegates also heard that current technology being deployed by the sector worldwide can only deliver 50% of the CO2 savings required to achieve the Paris Agreement goal of keeping the global temperature rise well below two degrees.

About Us

The World Cement Association aims to represent and promote the Cement Industry Worldwide as well as the commercial and legal interests of its Members.

The World Cement Association is an independent not-for-profit organization registered in England No. 10187292 under English law.

The World Cement Association is not affiliated with or otherwise connected to Palladian Publications Limited nor its WORLD CEMENT publication.

UPCOMING EVENTS

SAVE THE DATES 

4, 5 December 2018

London, Royal Garden Hotel

WCA General Assembly 2018

WCA Conference with Intercem

REGISTER NOW

 

London Office

World Cement Association

New Broad Street House
35 New Broad Street

London
EC2M 1NH
United Kingdom

Email: info@worldcementassociation.org

Phone:
+44 333 939 80 83
+44 771 492 83 58

 

This website uses cookies to collect statistical data and in connection with advertising and services and to help make the website better. You can find out about cookies here