Cement News tagged: International

Peru’s cement market expands 10% in January

20 February 2019, Published under Cement News

Cement demand in Peru increased to 1.022Mt in January 2019, according to the latest figures by the country’s cement association, Asocem. This represents a YoY rise of 9.8 per cent from 0.931Mt reported in January 2018. Domestic cement dispatches edged up 0.3 per cent YoY in January 2019 to 0.8Mt but were 6.4 per cent lower than in December 2018. To meet national demand, they were supplemente...

Cemtech Middle East & Africa off to successful start

20 February 2019, Published under Cement News

Over 200 delegates from the global cement industry have come together for Cemtech Middle East & Africa 2019, which is being held at the Grand Hyatt Dubai, UAE, between 17-20 February. International Cement Review's Managing Director, Thomas Armstrong, inaugurated the conference by welcoming delegates to Dubai. Mr Armstrong considered how oversupply is one of the largest issues that dominates t...

Saudi Arabia to invest US$20bn in Pakistan

19 February 2019, Published under Cement News

Saudi Crown Prince Mohammad bin Salman is investing US$20bn under phase one in Pakistan for number of projects in energy, petrochemicals, minerals, tourism and other projects.   The crown prince, who is visiting Pakistan for two days on the invitation of Prime Minister Khan, was accorded a red carpet welcome and presented a guard of honour at the Prime Minister's House.   Both government h...

CNBM wins EPC contract in Georgia

18 February 2019, Published under Cement News

Beijing Triumph International Engineering Co Ltd, a branch of CNBM, has won an EPC contract to supply a cement facility for Georgia-based Mega Production. The company, formerly known as TbilCement Group, still has to secure funding for the 1500tpd project. Georgia’s Basis Bank signed a strategic partnership with China Development Bank (CDB) for loan offerings to Chinese projects in the countr...

Argentina's cement consumption declines 16% in January

Argentina's cement consumption declines 16% in January

15 February 2019, Published under Cement News

Cement demand in Argentina fell 16.3 per cent to 873,958t in January 2018, when compared with 1,043,732t in January 2017, according to the latest data from the Argentinian cement association, AFCP. This demand was supplied entirely by domestic producers and no imports were reported. Total output declined by 14.2 per cent YoY to 884,334t in the first month of the year from 1,030,361t in Janua...

Cement continues to shine Pakistan's Stock Exchange

15 February 2019, Published under Cement News

Cement stock performance on the Pakistan Stock Exchange (PSX) continues unabated. According to a research house report, Pakistan equities closed marginally negative with benchmark KSE100 Index settling at 40,544 levels today. The market kicked off positive and traded in green for most part of the day but succumbed to losses in the end due to institutional selling.   Cement remained in the l...

Brazil cement market expands 4% in January 2019

Brazil cement market expands 4% in January 2019

15 February 2019, Published under Cement News

Domestic cement sales in Brazil totalled 4.5Mt in January 2019, according to the National Union of the Cement Industry (SNIC). When compared with January 2018, the latest data reflect an advance of 4.2 per cent. In terms of days worked, domestic sales advanced 2.5 per cent MoM. Domestic sales jumped by 10.8 per cent in Brazil’s south to 738,000t and significant gains were also reported in th...

Payra Port Authority plans coal/bulk terminal

14 February 2019, Published under Cement News

Payra Port Authority (PPA), under the Ministry of Shipping, Government of Bangladesh, intends to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, Bangladesh, via a public-private partnership (PPP).   The port authority announced it was seeking the expertise of international experts or consortium to participate in proposed project. The successful bidders/consortium will desig...

Cement prices rise 36-44% in Tamil Nadu

13 February 2019, Published under Cement News

The price of a bag of cement in Tamil Nadu, India, has increased 36-44 per cent in the past week, rising from INR250 (US$3.54) to INR340-360. R Radhakrishnan, trustee and former national president of the Builders’ Association of India, has noted that the increase will affect construction projects. "The price of basic raw materials in manufacturing of cement has not increased. The price of cem...

Saudi cement sales fall 9% in January

13 February 2019, Published under Cement News

Cement sales in Saudi Arabia declined by nine per cent in January 2019 when compared with sales in the previous year. Sales volumes of companies listed on the Tadawul fell 9.3 per cent YoY to 3.7Mt, according to a monthly report by Yamama Cement.  Cement stockpiles increased to 1.12Mt from 1.05Mt. Southern Province Cement Co posted the highest sales in January, up 27 per cent YoY to 569,00...

India cement GST cut on the agenda

13 February 2019, Published under Cement News

India’s General Sales Tax (GST) Council will consider a proposal to slash the tax on cement from 28 to 18 per cent at its meeting on 20 February, along with a ministerial panel report that proposes a reduction in rates in under-construction properties, including affordable homes, according to Indian newspaper The Telegraph. However, the reduction of GST for cement to 18 per cent will represen...

Private construction to increase Thailand's cement demand

13 February 2019, Published under Cement News

Cement demand in Thailand is forecast to increase in the next few years after a recovery in the private construction sector, says Fitch Ratings. Fitch Ratings expects high-single-digit growth for cement demand in Thailand in 2019, while cement sales data from the Office of Industrial Economics in 3Q18 reported 3.7 per cent YoY growth and a further 2.8 per cent growth in 4Q18. Domestic ceme...

Indonesian cement market expands 5% in 2018

13 February 2019, Published under Cement News

Indonesia’s cement consumption advanced by 4.8 per cent YoY to 69,565,129t in 2018 from 66,349,944t, according to the preliminary data of the Indonesian Cement Association (ASI). While cement demand declined 5.4 per cent to 4.632Mt in the Jakarta area and slipped by 0.6 per cent in East Java, other regional markets saw significant growth. Cement demand in Yogyakarta surged by 10.8 per cent to...

Moroccan cement consumption rises to 1.17Mt in January

13 February 2019, Published under Cement News

Cement sales in Morocco edged up to 1.17Mt in January 2019 from 1.11Mt in January 2017, according to the country’s cement association, APC. The rise in demand, which follows a market contraction of 3.7 per cent in 2018, has been welcomed with one operator commenting: “The recovery of the cement market is comforting. We hope that this upward trend will continue in the coming months.”

Puerto Rican cement sales increase 3% in January

13 February 2019, Published under Cement News

Cement sales in Puerto Rico increased by 3.3 per cent in January 2019 when compared with January 2018, according to news service Sin Comillas. The latest rise represents the 13th consecutive increase in monthly sales. In 2018 sales surged by 38.9 per cent, the first annual increase since 2012.

US Portland and blended cement demand up 5% in October 2018

15 February 2019, Published under Cement News

Total shipments of Portland and blended cement in the USA and Puerto Rico rose by 5.2 per cent YoY to 9.9Mt in October 2018, according to the latest data from the US Geological Survey (USGS). The US’ largest consuming states were Texas, California, Florida, Ohio and Illinois, which received a combined share of 36 per cent of total shipments. On the supply side, California, Missouri, Texas, Flo...