Cement News tagged under: international
US and Puerto Rican cement market expands 10% in February03 June 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico in February 2024 advanced 10.3 per cent to 7.59Mt when compared with February 2023, according to the US Geological Survey (USGS). The leading consuming states were Texas, Florida, California, Georgia and Arizona with a combined share of 47.1 per cent of February deliveries. The leading producing states of Portland and blended cement were Texas, Missouri, California, Florida and Alabama. Masonry ce... |
Brazil's cement market expands 12% in April30 May 2024, Published under Cement NewsCement dispatches in Brazil increased 12.3 per cent YoY to 5.142Mt in April 2024 from 4.577Mt in April 2023. Dispatches advanced 5.7 per cent MoM from 4.865Mt in March 2024, when sales fell by 10.4 per cent YoY, according to the country's cement association, SNIC. While the country's unemployment rate has fallen and wages have increased, cement consumption continues to be affected by high default rates and household debt. In addition, the interest rate persists to be high. "Given this sc... |
April disappoints for Iran cement but YtD robust30 May 2024, Published under Cement NewsIranian cement sales came in at 4.051Mt in April, down 10 per cent YoY from 4.5Mt a year earlier, according to the Iranian cement association. Producers manufactured 4.676Mt of cement and 6.97Mt of clinker, decreases of 4.4 per cent and four per cent, respectively, when compared with April 2023. A total of 1.029Mt of cement and clinker were exported in April, an increase of 9.8 per cent YoY, with cement exports decreasing 9.4 per cent YoY to 0.348Mt, but clinker exports rising 23.1 per c... |
Vietnam’s cement output rises 1.9% YoY in 5M2430 May 2024, Published under Cement NewsVietnam’s General Statistics Office (GSO) has announced that the country’s cement production totalled an estimated 75.7Mt in the January-May 2024 period. This represents a 1.9 per cent YoY increase in production, compared to the same period in 2023. In May alone, the country is expected to have produced an impressive 17.4Mt, marking a YoY increase of 7.3 per cent. This trend of increased production could suggest a turnaround in the industry, as the country produced just 120.1Mt in 20... |
Vietnam’s cement output rises 1.9% YoY in 5M2430 May 2024, Published under Cement NewsVietnam’s General Statistics Office (GSO) has announced that the country’s cement production totalled an estimated 75.7Mt in the January-May 2024 period. This represents a 1.9 per cent YoY increase in production, compared to the same period in 2023. In May alone, the country is expected to have produced an impressive 17.4Mt, marking a YoY increase of 7.3 per cent. This trend of increased production could suggest a turnaround in the industry, as the country produced just 120.1Mt in 20... |
Spanish cement sales outlook improving but exports likely to remain weak29 May 2024, Published under Cement NewsCement consumption in Spain recovered in April after poor weather and fewer working days weighed heavily on the 1Q24. Sales rose 11.5 per cent YoY to 1.324Mt, up from 1.188Mt in April 2023, according to the Spanish cement association, Oficemen. Oficemen notes that "it's the first month in positive after ten in decline. However, this percentage of growth has been influenced by the calendar effect, with the month of April of this year with more working days” and that when looking at working-da... |
Strong cement sales cool oversupply concerns in Iran29 May 2024, Published under Cement NewsIranian cement sales came in at 5.75Mt in March, down two per cent from 5.87Mt a year earlier, according to the Iranian cement association. Producers manufactured 4.676Mt of cement in March 2024, a notable drop of 25.5 per cent YoY, while clinker rose a robust 13.3 per cent YoY to 6.97Mt. A total of 1.28Mt of cement and clinker were exported in March, a 17.4 per cent expansion from a year earlier, with cement exports increasing 16.2 per cent YoY to 0.43Mt and clinker exports rising 18... |
Ramco Cements posts 4QFY24 results24 May 2024, Published under Cement NewsIndia-based Ramco Cements Limited (TRCL) has announced its financial results for the 4QFY24, reporting a 20 per cent decline in its standalone net profit after tax to INR1210m (US$14.54m), compared with INR1520m in the same period a year prior. The reduction in profit has been attributed to cost pressures. The company’s net revenue increased to INR26.87bn in Q4FY24. For the year ending 31 March 2024, the company’s net profit rose by 14.8 per cent from INR3.44bn to INR3.95bn. Meanwhile, ... |
New white cement plant for Tanzania23 May 2024, Published under Cement NewsTanzania has started white cement production at a 200tpd cement plant in Mkuranga District, Coast Region. The new plant is owned by Fortune Cement Co Ltd. The construction of the factory is expected to not only create job opportunities and bring in foreign exchange earnings but will also significantly contribute to the local economy. At present more than 50 per cent of the raw materials required for production are sourced locally in Tanzania. Dolomite and gypsum are locally available, but... |
Puerto Rican cement sales return to growth in April22 May 2024, Published under Cement NewsIn April 2024 cement sales in Puerto Rico increased by 7.5 per cent YoY to 1.277m bags of 42.5kg, or 55,430t, according to data from the Statistics Institute. In March cement sales fell 17.1 per cent YoY to 51,722t, following a 7.8 per cent YoY decline in February, when sales fell to 47,880t. Domestic cement output in April 2024 expanded by 21.2 per cent YoY to 769,000 bags or 32,787kg – the first increase in six months. In March production dropped by 30.5 per cent YoY to 27,447t, following... |