Cement News from International Cement Review
Holcim breaks ground on GO4ZERO plant
Holcim has broken ground on its state-of-the-art GO4ZERO plant in Obourg , Belgium. The plant, which marks an investment of more than EUR500m, is expected to produce 2Mta of net-zero cement by 2029. According to Holcim, the GO4ZERO project transforms cement manufacturing at every stage of the process. Accelerating decarbonised energy use, more than 95 per cent of its energy will be sou...
Morocco’s cement deliveries advance 21% in April
Cement deliveries in Morocco by APC members – Asment Témara , Ciments de l’Atlas , Ciments du Maroc , LafargeHolcim Maroc and Novacim – increased by 21.1 per cent YoY to867,743t in April 2024 from 716,483t in April 2023. Of this total, 55,861t was supplied in April 2024 to the infrastructure sector, up 60.2 per cent YoY as the government continues to invest in the country’s infrastruc...
Pakistan's State Bank notes export growth in 1HFY23-24
The State Bank of Pakistan (SBP) has reported that the country’s cement sector shows significant export growth during the 1HFY23-24. Cement production saw a modest rise of 1.9 per cent during 1HFY23-24, largely attributed to the increased export volume. This was further bolstered by a surge in domestic sales in the last few months. Cement demand in the country’s export destinations, includi...
- PIBTL handled 5,366,521t of cargo in 9MFY23-24
- Bangladesh's cement exports see a 49% YoY growth during 10MFY23-24
- Dangote Cameroon imports clinker from Nigeria and Congo to ensure 1Q supply
- Petcoke discount remains in cheap zone with good potential
- EU ETS 2023 emissions down 16% YoY amid record global emissions – prices rise to about EUR60
Limited USGC demand for Supramax/Ultramax shipments leads to rate cuts by owners
By Brannvoll ApS, Denmark The USG Supramax/Ultramax freight market showed positive tendencies during the first half of March, mainly driven by a strong market in the east coast of South America where the grain season is actively gaining momentum. In the second half of March, USG rates started slipping with fresh demand lacking, coupled with lower fixing activity levels as the market appr...
- USG Supramax rates seeing end-of-month decrease
- Supramax rates fell significantly on all routes amid slow start to the year
- High volatility in USG Supramax/Ultramax markets
- USG Supramax market skyrocketing as demand/supply plays in owners’ favour and congestion impacts Panama Canal
- Freight rates rise again on increased petcoke and grain demand