Cement News tagged: International

New cement price rises expected in South Korea

01 June 2023, Published under Cement News

South Korea’s cement industry is likely to increase cement prices by 14 per cent from July, citing the impact of sharply rising electricity prices and currency exchange rate as the main drivers. Ssangyong C&E Co , one of South Korea’s key cement producers, recently sent a letter to concrete suppliers stating its intention to increase bulk prices by 14.1 per cent to KRW119,600/t (US$90.36/t ...

ALCCC calls on Europe to adopt performance-based standards

01 June 2023, Published under Cement News

The Alliance for Low Carbon Cement and Concrete (ALCCC) has published a new report, ‘Fast Tracking Cement Decarbonisation’, calling for a shift to performance-based cement and concrete standards to accelerate the decarbonisation of the European cement industry. According to the report, clinker substitution is generally seen as the most promising lever for decarbonisation, enabling considerable...

Kolos Cement posts MUR48.5m loss

31 May 2023, Published under Cement News

Mauritius-based Kolos Cement reported losses of MUR48.5m (US$1.06m) in the January-March 2023 quarter. The company’s turnover increased 9.4 per cent to MUR522m when compared with MUR477m in the January-March 2022 quarter. Inflation, exchange rate volatility, and rising raw material and fuel costs impacted on the company’s profit margins. For example, fuel costs were up by 264 per cent YoY an...

Spain’s cement market contracts 12% in April

30 May 2023, Published under Cement News

Cement consumption in Spain dropped 11.6 per cent YoY to 1,182,325t in April 2023, according to the Spanish cement association, Oficemen. The YoY drop needs to be considered against “an untypical high result – the highest in the last decade”, said the organisation. "The reason was the rebound effect that occurred in the construction sector, once the transport strike ended," explains Oficemen...

Vietnam cement sales down 14% in April 2023

Vietnam cement sales down 14% in April 2023

26 May 2023, Published under Cement News

Cement sales in Vietnam saw a 14 per cent YoY decline to 5,621,586t in April 2023, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by 14 per cent to 1,834,092t while other VNCA members reported a 28 per cent drop in aggregate sales to 1,077,494t. Non-members saw an eight per cent YoY decrease in sales to 2,710,000t in April 2023. Exports were down...

Low cement production in 1HFY22-23 attributed to construction downtrend

26 May 2023, Published under Cement News

Last week, the State Bank of Pakistan (SBP) released its half year report for the FY22-23 on the state of Pakistan’s economy. The analysis in the report covered all sectors, including cement, was prepared on data for the July-December 2022 period. Cement industry output The output in the cement sector contracted by 15.1 per cent during the 1HFY22-23, compared to a 0.9 per cent declin...

Peru's cement market contracts 17% YoY in April

Peru's cement market contracts 17% YoY in April

26 May 2023, Published under Cement News

Cement dispatches in Peru fell by 17 per cent YoY to 0.883Mt in April 2023, according to the Peruvian cement association, Asocem. Of this total, 0.851Mt was delivered by Asocem members. Cement production declined 11 per cent YoY to 0.913Mt in April 2023. Clinker production fell 19 per cent YoY to 0.631Mt in April 2023. Cement exports decreased by six per cent YoY to 0.014Mt while clinker e...

WhiteLabel-TandemProjects enters JV with MMe

24 May 2023, Published under Cement News

WhiteLabel-TandemProjects (WLTP) has entered into a joint venture with German engineering-firm MMe GmbH to sell MMe’s sampling device for solid alternative fuels. MMe produces the only automatic sampling device for solid alternative fuels that is tested by the Federal Quality Association for Secondary Fuels (Bundesgütegemeinschaft Sekundärbrennstoffe e.V.) and is working according to the ...

Cement production growth fuels record-high emissions in China

24 May 2023, Published under Cement News

A 4.1 per cent YoY increase in China’s cement production in the first quarter of 2023 has contributed to a four per cent rise in the country’s CO 2 emissions, marking a record high for the first quarter of a year. According to Carbon Brief, the uptick was driven by a economic rebound following the end of China’s zero-COVID-19 policy, which led to oil consumption advancing by 5.5 per cent,...

Sri Lankan government urged to reduce bagged cement prices

23 May 2023, Published under Cement News

Sri Lankan cement customers are urging the government to make cement bag prices reasonable, given the appreciation of the local currency after the economic crisis in the country. Presently 50kg bag prices are hovering between LKR2500-2650 (US$8.14-8.63), according to company websites. The National Construction Association of Sri Lanka (NCASL) expressed concern over reducing a bag of cement by...

Cement sales in Chile fall 10% in March

18 May 2023, Published under Cement News

Chile’s cement market contracted by 10.3 per cent YoY to 328,003t in March 2023 from 365,8926t in March 2022, according to the country’s construction chamber, CChC. In the January-March 2023 period sales were down 10.3 per cent to 926,061t from 1,032,001t in the first quarter of 2022.

Brazilian market sees 11% contraction in April

17 May 2023, Published under Cement News

Cement sales in Brazil declined 11.4 per cent YoY to 4.577Mt in April 2023 from 5.164Mt, according to the Brazilian cement association, SNIC. The association attributed the market contraction to rising unemployment, a slow recovery of wages and high interest rates (currently at 13.75 per cent), which all led to a drop in building material sales and a fall in real estate launches and financing....

Iranian cement market expands 3% in March

17 May 2023, Published under Cement News

Cement sales in Iran reached 5.87Mt in March 2023, up 2.6 per cent when compared with March 2022, when 5.71Mt were sold, according to the Iranian Cement Association. There were no reports of imports and domestic cement production stood at 6.28Mt in March 2023, representing a 10.8 per cent YoY advance. Clinker production decreased by 2.8 per cent YoY from 6.33Mt to 6.15Mt in March 2023. In t...

MPA welcomes EU law reforms

16 May 2023, Published under Cement News

The Mineral Products Association (MPA), which represents producers of essential mineral products such as aggregates, concrete and asphalt, has welcomed the UK government’s decision to change direction on regulatory reform, altering its plans to automatically ditch EU laws by the year-end. In its current form the Retained EU Law (REUL) Bill would have caused fresh uncertainty for British busine...

A score of cement companies mixed financial results in 9MFY22-23

15 May 2023, Published under Cement News

Several of Pakistan’s cement firms have presented their financial result for the 3QFY22-23 and 9MFY22-23 in April/May 2023. During the accounting period of nine months, they reported mixed results due to a rise in the cost of sales, distribution and finance charges, etc. High inflation and political unrest also dented sales and profits. In the 9MFY22-23 Flying Cement Co Ltd reported a ...

Rising cement prices hit housebuilding in Nigeria

15 May 2023, Published under Cement News

Rising cement prices in Nigeria are hampering housing development plans across the country. According to a survey by The Guardian, prices of building materials have soared by over 70 per cent between January 2022 and May 2023. A 50kg bag of cement that was selling for NGN3500 (US$7.60) in 2022 now hovers around NGN4700-4800, according to the survey, due to the rise in cost of limestone, clay ...