Cement News from International Cement Review
Dominican cement demand up 7% in 2019
The Dominican cement market expanded 7.2 per cent YoY to 4.7Mt in 2019. Consumption in 2018 reached 4.3Mta, according to the country’s cement association, Adocem. Output by Dominican cement producers advanced four per cent YoY to 5,644.176t, representing a capacity utilisation rate of 81.5 per cent. “In the current coronavirus pandemic (COVID-19) one of the main challenges to face lies in ...
US cement market expands 5% in March
Total shipments of Portland and blended cement, including imports, in the USA and Puerto Rico advanced 5.1 per cent YoY to 7.7Mt in March 2020, according to the US Geological Survey (USGS). The leading consuming states in the US were Texas, California, Florida, Georgia and North Carolina, with a combined share of 45 per cent of March shipments. In terms of output, Texas, California, Missour...
Cement exports from Pakistan drops due to COVID-19 in 10MFY20
The Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for the 10 months of July 2019 to April 2020. It visibly carries the impact of coronavirus on the cement industry in the country. Pakistan's cement industry has earned export revenue of US$223.20m by exporting 5.949Mt of cement and clinker in 10MFY19-20, compared to US$243.12m from 5.738Mt of exports in the y...
Dry bulk shipping market likely to start recovery in 2021
The dry bulk shipping market is expected to see significantly more modest levels of growth in the run-up to 2024, according to Rahul Sharan, lead research analyst dry bulk shipping at Drewry India during Cemtech’s live webinar “Impact of COVID-19 on the global cement trade” on 6 May. After introducing the audience to the various demand and supply drivers that move the dry bulk shipping marke...
Prism Johnson sees 61% fall in net profit
India’s Prism Johnson Ltd, formerly known as Prism Cement, has reported a 61 per cent fall in standalone net profit to INR564.5m (US$7.47m) in the FY19-20, compared with INR1.46bn in the previous fiscal year. EBITDA was also down six per cent YoY to INR5.22bn from INR5.55bn. Cement volumes contracted by three per cent during the FY19-20, due to the country entering lockdown in March. Otherwi...
LafargeHolcim secures top spot in sector for Sustainalytics' ESG ratings
Sustainalytics, a global leader in environmental, social and governance risks (ESG) and Corporate Governance research and ratings, published its latest LafargeHolcim ESG Risk Rating. Of all 101 construction materials companies analysed, LafargeHolcim rated first. The company was also in the top 20 per cent of all 12,000 companies assessed across all sectors. Magali Anderson, chief sustainabi...
- LafargeHolcim strengthens partnership with Solidia Technologies
- LafargeHolcim's CEO targets low-carbon and sustainable recovery
- CEMBUREAU's Carbon Neutrality Roadmap to reduce CO2 to net zero by 2050
- GCC signs wind power agreement with Black Hills Energy
- GCCA publishes biodiversity guidelines for quarries