Cement News tagged: International
Iranian cement demand advances 14% in May
Iran’s cement market has expanded by 13.9 per cent to 5.82Mt in May 2023 when compared with May 2022, when 5.11Mt of cement was sold, according to the Iranian Cement Association. Cement and clinker production increased YoY by 18.4 per cent to 6.37Mt and 5.6 per cent to 7.3Mt in May 2023, respectively. Iran’s cement producers exported 0.4Mt of cement in May 2023, up 33.6 per cent YoY, and 0....
Indian cement prices forecast to fall 1-3%
Cement prices in India are expected to fall by 1-3 per cent in the current fiscal year (April 2023-March 2024), after recording a four per cent compound annual growth rate (CAGR) over the past four fiscal years to a new all-time high of INR391 (US$4.77)/50kg bag, according to CRISIL Market Intelligence and Analytics. The increase in prices was due to disruptions caused by COVID-19, followed b...
US government invests US$135m in 40 carbon reduction projects
The US Department of Energy (DOE) has announced $135m in funding for 40 projects that will reduce carbon pollution from the industrial sector and move the nation toward a net-zero emissions economy by 2050. Decarbonising the US industrial sector is seen as an essential component of President Biden’s ambitious clean energy goals. "America’s industrial sector serves as the engine of the US...
Sri Lanka raises import tax on cement
The Sri Lankan government has increased the import tax (CESS) on imported cement. With effect from 17 June 2023, the import tax on 1kg of artificially coloured or uncoloured cement has risen from LKR3.00 to LKR5.00 (US$0.01-0.02). The import tax on 1kg of Portland cement in bags of 50kg or less has increased to LKR8.00. Meanwhile, the import tax on other Portland cement in bags over 50kg has ...
Senegal's cement consumption fell 22% in April
The Senegalese cement market contracted 22.1 per cent MoM and 10.6 per cent YoY to 525,100t in April 2023, according to the country’s Department for Economic Planning and Policies (DPEE). While exports were down 17.6 per cent MoM in April 2023, when compared with April 2022 they surged 148.8 per cent to 159,200t. Output from domestic cement plants retreated 18.4 per cent MoM but increased b...
World's largest 3D printed building completed
The world’s largest 3D printed building has been completed in Florida, USA. The project is a luxury equestrian facility that has been completed by Florida-based Printed Farms using COBOD’s BOD2 construction 3D printer. Located in Wellington, southern Florida, the new building has a total floor area of 939m 2 , is 4m high, 47m long and 25m wide. According to COBOD, it has been designed to wi...
Puerto Rico’s cement sales down 9% in May
Cement sales in Puerto Rico declined 8.5 per cent YoY to 1.2m bags of 94lb, or 51,165t, in April 2023, according to the country’s Institute of Statistics. However, in May 2023 the market expanded by 5.7 per cent YoY to 1.4m bags, or 59,693t. In the year-to-date, approximately 6.4m bags of cement have been sold in Puerto Rico. This represents a volume of 272,881t, up 0.6 per cent YoY when com...
Cement players expect demand in FY24 to remain stable
Topline Securities hosted the Pakistan Cement Conference 2023, where top executives of major cement players Maple Leaf Cement (MLCF), Lucky Cement (LUCK), DG Khan Cement (DGKC), Cherat Cement (CHCC), Kohat Cement (KOHC) and Pioneer Cement (PIOC) participated in the conference through Zoom recently. They ruled out unanimous fears of a price war, stating that it would be unwise...
Chile’s cement market contracts 4% in April
Cement dispatches in Chile declined 4.2 per cent YoY to 299,858t in April 2023 from 313,101t in April 2022, according to the country’s construction chamber, CChC. In the January-April 2023 period cement sales were down 8.9 per cent YoY to 1,225,919t from 1,345,102t in the 4M22.
KHD host Saudi cement sector at Vision 2030 Symposium
KHD hosted executives of the Saudi cement sector at the one-day KHD Vision 2030 Symposium. Taking place at the Hyatt Olaya Hotel in Riyadh, attendees discussed matters with KHD executives, sales representatives as well as experts from the company’s pyroprocessing and grinding departments. Representatives from KHD’s EPC partner, AVIC International Beijing, and knowledge partner A3&Co ® , also s...
BCMA calls on government to lower customs duty on clinker
The Bangladesh Cement Manufacturers Association (BCMA) has urged the country’s government to reduce the customs duty on clinker. Cement producers are currently required to pay a duty of BDT500/t (US$4.61/t) on imported clinker. The government has proposed to increase this to BDT700 in its budget for the next fiscal year. Alamgir Kabir, president of the BCMA, says the association has been cam...
Brazilian cement market expands 1% in May
Cement sales in Brazil (excluding imports) increased by 1.2 per cent to 5.56Mt in May 2023, when compared with 5.494Mt in May 2022, according to the Brazilian cement association, SNIC. The northern market saw the biggest increase, by 8.3 per cent YoY, to 234,000t, followed by the south, where the uptick was 3.9 per cent YoY to 975,000t. The country’s largest sales region, the southeast report...
Cement demand in Argentina slips in May
The Argentine cement market contracted 1.5 per cent YoY to 1,072,110t in May 2023, according to the country’s cement association, AFCP. In May 2022 domestic consumption reached 1,088,000t. However, MoM demand was up 4.2 per cent from 1,028,598t in April 2023. Market demand was entirely supplied by domestic production, which contracted two per cent YoY from 1,098,484t to 1,076,287t in May 202...
Clinker loading continues at Karachi Port amid cyclone threat
The Panamanian flag bulk carrier Lowlands Amstel (IMO: 9738947) is loading over 47,000t cement clinker at berth B11/B12 of Karachi Port of Pakistan due for Ghana amid safety measures due to the threat of a strong cyclone, which is likely to landfall/hit some coastlines of Sindh later this week, according to Karachi Port. The vessel has been uploading clinker since 11 June and stays longer to c...
Pakistan's federal budget FY23-24, up 51%, to benefit construction
Federal Minister for Finance and Revenue Senator, Mohammad Ishaq Dar, announced the Budget for the next fiscal year, FY23-24, with a total budgeted outlay of PKR14.5trn (US$50.53bn), up 51 per cent compared to the budgeted cost of FY22-23, on 9 June. Arif Habib, JS Global, Al Meezan Investment, and other research houses have presumed that the federal budget for FY23-24 would impact the cement ...
Iranian cement consumption grows 13% in April
The Iranian cement market expanded 12.5 per cent YoY to 4.5Mt in April 2023, according to the Iranian Cement Association. Domestic cement production stood at 4.89Mt (up 7.2 per cent YoY), while clinker output reached 7.26Mt (+3.9 per cent YoY). In terms of exports, the industry’s performance was more muted. Cement exports declined 8.6 per cent to 0.384Mt when compared with the equivalent p...