Cement News tagged under: exports
Pakistan's State Bank notes export growth in 1HFY23-2415 May 2024, Published under Cement NewsThe 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, including Afghanistan, Bangladesh, Hong Kong, Germany and Ghana, nearly doubled to 3.7Mt during 1HFY23-24. ... |
Italian cement expanding amid strong government spending14 May 2024, Published under Cement NewsItalian cement output continues to expand, rising 10 per cent YoY in February 2024, according to the latest data from Italian concrete association, Federbeton. This follows a 14 per cent expansion in January. Import and export data, which lag production data by one month, show grey cement imports jumped 78 per cent YoY to 265,322t in January, with a total CIF value of EUR22.2m or EUR84/t as value per tonne, down from EUR94/t in December 2023. Meanwhile, grey cement exports rose 27 pe... |
Saudi cement sales up 13% YoY in April14 May 2024, Published under Cement NewsSaudi Arabian cement sales increased by 12.5 per cent YoY in April 2024 but fell 18.4 per cent compared to the previous month. According to Aljazira Capital, domestic cement dispatches in April stood at 2.92Mt, compared to 2.6Mt in the same month in the previous year, due to the base month having 11 extra days of Ramadan. The 18.4 per cent MoM decrease was due to the Eid Al-Fatir holidays. Total cement and clinker exports in April 2024 came in at 554,000t, down 30 per cent on the 790,000t se... |
Bangladesh's cement exports see a 49% YoY growth during 10MFY23-2410 May 2024, Published under Cement NewsBangladesh’s cement industry has witnessed substantial growth in its exports. It saw a 48.7 per cent YoY growth in cement export revenue, generating US$15.94m during the first 10 months of FY23-24. This is up from US$10.72m in the same period of the previous year and includes some salt, stone, and related products. Cement exports rose by 29.3 per cent YoY and exceeded the target of US$12.23m for the 10MFY23-24. Bangladesh’s cement exports mainly depart for India, with other popular destin... |
Cherat Cement exhibits mixed financial results in 3QFY23-24 and in 9MFY2409 May 2024, Published under Cement NewsCherat Cement (CHCC) reported net profit after tax (NPAT) of PKR1.2bn (US$4.32m) in 3QFY23-24, down 33 per cent QoQ and flat sequentially. This brings the 9MFY23-24 NPAT to PKR4.6bn, up 12 per cent YoY. Earnings per share reached PKR6.40 in the 3QFY23-24 and PKR23.90 in hte 9MFY23-24. In quantitative terms, the company's total sales volume dropped by 11 per cent (1.974Mt), with domestic sales declining by 14 per cent and exports rising by 18 per cent from last year. Operating pe... |
Pakistan cement exports continue to excel in April 202407 May 2024, Published under Cement NewsPakistan’s cement industry’s total cement dispatches during April 2024 were 2.94Mt, compared to 2.95Mt in April 2023. This comprises local cement at 2.33Mt against 2.53Mt in April 2023, showing a decline of 7.99 per cent. Export dispatches rose by 45.96 per cent as the volumes increased from 420,857t in April 2023 to 614,264t in April 2024. Usama Rauf, investment analyst at AKD Securities, said the monthly decline in domestic dispatches is primarily attributed to the inclusion of Eid holi... |
Weak first quarter for Spanish cement02 May 2024, Published under Cement NewsCement consumption in Spain dropped a notable 23.6 per cent YoY in March 2024, to 1.102Mt, down from 1.144Mt in March 2023, according to the Spanish cement association, Infocemento. Infocemento notes two downward drags on the sector during the month: “On the one hand, the calendar effect, having more festive holidays than previous years due to the celebration of Holy Week in March instead of April; and on the other, the rain effect, since last month's precipitation doubled the usual, with Ma... |
Vietnam exporters looking further afield01 May 2024, Published under Cement NewsCement sales in Vietnam continue to struggle versus their year-ago levels. Sales were down 17 per cent YoY to 5.113Mt in March 2024, from 6.161Mt a year earlier, according to the Vietnam National Cement Association (VNCA). However, they did show a strong uptick from February, rising 130 per cent MoM. Of the total, VICEM companies saw sales down 23 per cent YoY to 1.625Mt. Other VNCA-affiliated companies report contractions of 12 per cent YoY to 1.077Mt. Non-VNCA members reported sales of 2.4... |
Thailand gears up for Net Zero26 April 2024, Published under Cement NewsAt the start of April, Dr Chana Poomee, chairman of the Thai Cement Manufacturers Association, (TCMA) announced the association's vision of 'synergising actions toward Net Zero with innovation', connecting global green funds and increasing the country's industrial capacity. With support from the country's cement producers, the TCMA aims to accelerate its efforts to join forces with all sectors to achieve its key missions in four areas over the next two years. The strategy between 2024-26 ... |
Outlook improving for Indonesia cement demand, clinker exports robust25 April 2024, Published under Cement NewsCement sales in Indonesia amounted to 65.501Mt in 2023. This is an increase of 3.4 per cent YoY compared to the 63.346Mt reported in 2022. Regional sales were a mixed bag, with over a third recording sale contractions. Java, the country’s largest market, saw sales rise a modest 0.3 per cent YoY to 33.56Mt, while sales in the capital Jakarta rose 5.5 per cent YoY to 2.714Mt. Sales volumes were largest in Jabar, coming in at 10.695Mt, though this was down 1.3 per cent YoY from 2022. Sales a... |