Cement News tagged: International

Puerto Rico’s cement sales down 9% in May

16 June 2023, Published under Cement News

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

16 June 2023, Published under Cement News

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

15 June 2023, Published under Cement News

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

15 June 2023, Published under Cement News

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

BCMA calls on government to lower customs duty on clinker

15 June 2023, Published under Cement News

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

15 June 2023, Published under Cement News

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

Cement demand in Argentina slips in May

13 June 2023, Published under Cement News

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

13 June 2023, Published under Cement News

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

13 June 2023, Published under Cement News

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

09 June 2023, Published under Cement News

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...

Cement companies post a rise in pre-tax profit but face challenges

09 June 2023, Published under Cement News

In 9MFY22-23, 12 out of the 16 cement manufacturers at the Pakistan Stock Exchange (PSX) reported impressive before-tax earnings. Despite a drop of 18 per cent in total offtake (sales volumes), revenue growth was 26 per cent higher YoY. The local media research team suggests that cement prices have more than compensated for the demand slowdown in the construction industry, leading to strong re...

Morocco’s cement deliveries up 26% in May

08 June 2023, Published under Cement News

Cement deliveries in Morocco saw a 25.7 per cent advance to 1,189,110t in May 2023 from 945,706t in May 2022, reported the country’s Ministry of National Territory Planning, Land Planing, Housing and City Policy, based on APC data. In terms of market segments, the key retail sales were up 18.5 per cent YoY to 740,303t, followed by the ready-mix concrete sector received 221,378t, up 48.3 per c...

US and Puerto Rico Portland and blended cement shipments down 6% in March

09 June 2023, Published under Cement News

Total shipments of Portland and blended cements, including imports, in the USA and Puerto Rico declined by six per cent YoY to 8.7Mt in March 2023, according to the US Geological Survey (USGS).  Of the total blended volume reported, 3.2Mt, or 96 per cent, was estimated to be Portland limestone cement (Type IL). The leading consuming states were Texas, Florida, California, Georgia, and Arizona,...

Colombian grey cement market contracts 9% in April

07 June 2023, Published under Cement News

Grey cement dispatches in Colombia declined 9.3 per cent YoY to 0.987Mt in April 2023 from 1.089Mt in April 2022, according to the country’s statistics agency, DANE. Bulk cement sales were down 5.6 per cent YoY while bagged sales saw an 11.1 per cent drop. Construction companies and contractors represented the largest contraction, by 19.9 per cent YoY, followed by the retail sector, where sal...

The cement sector is looking forward higher allocation of PSDP in FY23-24

07 June 2023, Published under Cement News

The Annual Plan Coordination Committee (APCC) of Pakistan's government has recommended PKR2.659trn (US$9.27bn) of national development outlay for the next budget 2023-24, including a federal Public Sector Development Programme (PSDP) of PKR1.1trn and a provincial allocation of PKR1.559trn.  Minister for Planning Ahsan Iqbal told journalists that Prime Minister Shehbaz Sharif directed the Mi...

Sri Lanka's cement prices to fall

06 June 2023, Published under Cement News

Sri Lanka’s cement prices are expected to fall by LKR300-500/50kg bag (US$1.03-1.72/50kg bag) of cement, following a recent appreciation of the rupee. A 50kg bag was retailing at round LKR2600. “The reduction in prices is due to the strengthening of our currency, the falling interest rates and the current economic standards that we have put in place,” said Trade Minister, Nalin Fernando, accor...