Cement News tagged: International
Brazilian market sees 11% contraction in April
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
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
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
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
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 ...
Fijian cement prices fall
Fijian cement prices are set to fall following the decline in prices for imported clinker. Pacific Cement PTE Ltd will implement new prices for its general blended bag cement and general-purpose bulk cement in Fiji this week, said the Fijian Competition and Consumer Commission (FCCC). “FCC has issued an Authorisation to Pacific Cement PTE Ltd, authorising General Blended Cement and Genera...
Argentina’s market contracts 1% in April
Cement sales in Argentina fell by one per cent to 1,028,656t in April 2023 from 1,039,320t in April 2022, according to the country’s cement association, AFCP. All cement was supplied by domestic plants. Output by the country’s cement plants slipped 1.3 per cent YoY to 1,035,525t in April 2023 from 1,049,302t. Of this total, 6870t was exported, down 31.2 per cent from 9982t in April 2022. ...
Italian cement production up 3% in February
Cement production in Italy increased by three per cent YoY in February 2023, according to the country’s construction chamber, Federbeton. When compared with the 2015 base index production the value advanced from 66 in January to 87 in February 2023. Cement prices in February 2023 remained stable MoM at 212 when compared with the base year of 2015 (=100). Federbeton reported a 35 per cent in...
April's local cement dispatches fall, but exports rise
The All Pakistan Cement Manufacturers Association (APCMA) has warned about the fall of cement dispatches to local and overseas markets during April and 10MFY22-23 (July 2022-April 2023), which was due to a seasonal break in construction activities in the holy month of Ramadan and inflation pressure on buying power of consumers. In addition, APCMA said that the current economic turmoil has badl...
Colombian cement consumption declines 8% in March
Cement dispatches in Colombia fell 7.5 per cent YoY to 1.163Mt in March 2023 from 1.257Mt in March 2022, according to national statistics agency, DANE. While deliveries of bulk cement edged up by 0.8. per cent YoY, reflecting 3.5 per cent growth in the ready-mix concrete segment market in March 2023, bagged cement sales were down 11.2 per cent yoY as construction companies and contractors re...
Moroccan cement deliveries see 21% drop in April
Cement deliveries by APC members Asment Temara , Ciments de l’Atlas , Ciments du Maroc and LafargeHolcim Maroc saw a 20.6 per cent fall to 716,483Mt in April 2023 from 902,513t in April 2022, according to the country’s cement association, APC. In the first two months of 2023 cement deliveries were down 8.5 per cent YoY to 3,964,276t from 4,330,632t in the 2M22.
Cement dispatches eroded in April due to Ramzan and Eid
According to Topline Securities, Pakistan’s total cement sales in April 2023 are expected to fall by 25-29 per cent MoM to reach 2.7-2.9Mt, with local dispatches likely to be down by 28-32 per cent MoM, due to the Eid holidays, economic slowdown and muted construction activity during Ramadan. All Pakistan Cement Manufacturers Association (APCMA) is yet to release official data on cement dispat...
US and Puerto Rican Portland and blended cement shipments down 3% in February
Total shipments of Portland and blended cement, including imports, in the USA and Puerto Rico declined by 2.8 per cent YoY to 6.6Mt in February 2023, according to the US Geological Survey (USGS). Of the total blended volume, Portland limestone cement (Type IL) was estimated to have a share of 96 per cent (2.1Mt). The largest states in terms of cement consumption were Texas, Florida, California...
Spanish cement demand up 24% in March
Cement consumption in Spain increased 23.5 per cent YoY to 1.4Mt in March 2023, according to Oficemen. The significant market growth in the third month was attributed to the low base noted in March 2022 a transport strike impacted cement deliveries. In terms of external trade, exports increased 1.7 per cent YoY to 506,610t in March 2023 from 498,329t. Imports fell by 75.5 per cent YoY to 44,...
Peru’s cement market contracts 17% in March
Cement consumption in Peru declined by 17 per cent to 0.958Mt in March 2023 when compared with March 2022 when dispatches reached 1.151Mt, according to the country’s cement association, Asocem. Output from domestic cement plants was down 20 per cent YoY to 0.894Mt of cement in March 2023 from 1.121Mt. Clinker production fell by 19 per cent YoY to 0.77Mt in the same period. Cement exports de...
India adds 7Mta as expansion plans continue
India’s cement producers have added around 7Mta of cement production capacity in the last few weeks alone as their expansion plans continue. According to Argus Media, UltraTech Cement has added 2.2Mta at its Bihar unit, raising its total cement production capacity to 129.15Mta as part of plans to reach 200Mta by 2030. Dalmia Bharat Cement plans to add 12Mta by 2024 with the ultimate a...