Cement News tagged: International

Peru’s consumption stable in May

19 June 2018, Published under Cement News

Peru’s cement market remained largely stable in May with consumption edging up by 0.6 per cent YoY to 0.778Mt and by 2.5 per cent from 0.759Mt the previous month, according to the latest data by Asocem, the country’s cement association. Peru’s cement production rose 3.4 per cent YoY and four per cent MoM to 0.807Mt in April. Clinker production fell 15.1 per cent to 0.636Mt when compared with...

Kerala records INR40 price hike

19 June 2018, Published under Cement News

A INR40 (US$0.59) price hike in Kerala, India, over the past week has been blamed on cement companies and the state’s failure to organise a price regulatory body, according to The Hindu. The price has increased from INR355-360/bag to INR395-400/bag. While cement sales in the state usually record a 20 per cent dip in monsoon season, this price increase has negatively affected the cement supp...

Spain’s cement consumption sees 12% YoY in April

19 June 2018, Published under Cement News

Spanish cement demand rose by 11.7 per cent YoY in April, according to the country’s cement association, Oficemen. The growth has been attributed due to a recovery in housing starts, particularly in large cities such as Madrid and Barcelona, which have seen apartment prices rise in the last three years. In the last 12 months up to April, 12.4Mt of cement were consumed in Spain, which repres...

ACC expects Indian demand to increase by 7% in 2018

18 June 2018, Published under Cement News

India’s ACC expects the country’s cement demands to grow by seven per cent this year, assisted by infrastructure projects and the continued focus on rural development and affordable housing schemes. However, intense competition and insufficient consumption will lead to excess capacity, according to the producer. "The cement industry had a growth of six per cent in 2017 as against 5.1 per...

ARM Cement to relinquish Tanzania assets

ARM Cement to relinquish Tanzania assets

18 June 2018, Published under Cement News

ARM Cement will include KES854.6m (US$8.45m) of additional assets in Tanzania to sweeten the deal for buyers of the company’s non-cement business, according to The Citizen. The company reached an agreement to sell its fertiliser and mineral production businesses in Kenya to Swiss firm Omya and Pinner Heights Ltd (PHL), a company owned by its CEO, Pradeed Paunrana, for KES1.6bn. Its latest a...

Taiwanese cement industry records sales surge in May

14 June 2018, Published under Cement News

The Taiwan Stock Exchange (TWSE) has announced that the cement industry was amongst the top three sectors in terms of YoY sales growth in May 2018, alongside the semiconductor and fuel/utility sectors. Over the period, 645 listed companies reported a YoY increase in revenue, while 271 saw a fall. Sales generated by listed cement businesses noted a 34.3 per cent YoY surge in revenue to TWD21....

Mozambique customs service seizes 1440t of cement at border

Mozambique customs service seizes 1440t of cement at border

14 June 2018, Published under Cement News

The Mozambican customs service has defended the seizure on 2 June of 28,800 sacks of cement (1440t) imported from South Africa, despite the insistence by the importing company, Kawena, that such imports are exempt from customs duty. The press attaché of the National Customs Directorate, Fernando Tinga, said that the seizure of the imported cement was because Kawena did not present the legally...

LafargeHolcim plays major role in World Cup stadium construction

13 June 2018, Published under Cement News

LafargeHolcim contributed to the construction and reconstruction of key infrastructure projects in Russia, including eight of the 12 stadiums that will be used for the football tournament.   The group's cement plants in Shurovo, Ferzikovo and Volsk and aggregate quarries in Karelia Republic all played a vital role in providing construction materials for stadiums, such as Moscow's flagship Luzh...

Cameroon's Quiferou to produce cement in Central African Republic

15 June 2018, Published under Cement News

Cameroonian company Quiferou has signed on Monday a mining agreement with the government of the Central African Republic (CAR), according to APA. Quifero plans to produce cement at Bomoko, in the southwest of CAR. Quiferou plans to produce 0.35Mta of cement, said Jacquis Pogouya, the company’s CEO. CAR Minister of Mines, Léopold Mboli Fatrane, who signed the agreement, said the agreement...

US-Puerto Rico Portland and blended cement shipments down 1% in March 2018

14 June 2018, Published under Cement News

Total shipments of Portland and blended cement in the USA and Puerto Rico slipped to to 7.42Mt in March 2018 when compared to March 2017, according to the US Geological Survey (USGS). In March 2017 total shipments reached 7.49Mt. The largest state markets were Texas, California, Florida, Georgia and Pennsylvania, in descending order, which accounted of around 46 per cent of domestic demand. ...

New Bangladesh budget offers big projects for cement industry

08 June 2018, Published under Cement News

AMA Muhith, Bangladesh Finance Minister, has presented the government budget for 2018-19 in Parliament announcing a long list of mega projects for the construction of hospitals, school, colleges and other infrastructures that would create huge demand for cement in country. The finance minister said: "The country is targeting 7.8 per cent GDP growth in the new fiscal year against target of...

Argentina’s market demand falls 4% YoY in May

06 June 2018, Published under Cement News

Argentine cement consumption decreased by 4.4 per cent to 924,979t in May 2018, according to AFCP, the country’s cement association. When compared with the previous month, demand contracted by 3.5 per cent from 958,184t in April. Of this total, the domestic industry supplied 924,425t, three per cent less MoM, while imports fell from 5160t in April to 554t as Argentina’s producers recovered ...

Chinese cement industry reaches record monthly profit

06 June 2018, Published under Cement News

The profit of the Chinese cement industry reached a record monthly high of CNY14.7bn (US$2.3bn) in April, according to the China Cement Association. Over the first four months of 2018, profits increased 220 per cent YoY to CNY33.7bn. The profit surge has been attributed to the government scheme to reduce overcapacity in the sector, which has reduced the supply of cement, reports the Xinhua ...

Pakistan records highest capacity utilisation

06 June 2018, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) has released data for the month of May, 2018,  which showed capacity utilisation between July and May 2018 was at 94.69 per cent – the highest in Pakistan's history since records began. The previous highest capacity utilisation was achieved in 1992-93, it reached 93.62 per cent. May's data also indicated a dip in local dispatches, due t...

Indian cement sector receives new investment

04 June 2018, Published under Cement News

The Indian cement sector is receiving fresh investment as capacity utilisation rates increase, with at least six companies at various stages of announcing or implementing expansion plans, according to the Business Standard. Dalmia Bharat has recently announced plans for 8Mta of new capacity in Odisha, eastern India, at an investment cost of INR37.2bn (US$554.7m). "Looking at the demand f...

April dispatches in Colombia see 14% rise

31 May 2018, Published under Cement News

Deliveries to the Colombian cement market increased 13.9 per cent YoY to 1.025Mt in April 2018, according to the country’s national statistics office, DANE. Antioquia reported a 17.2 per cent rise YoY while in Valle del Cauca and Magdalena, market expansion reached 25.5 and 37.8 per cent, respectively. The Bogotá market remained largely stable while Cundinamarca noted a 3.9 per cent advance...