Cement News tagged: International
Kyrgyzstan sees acute cement shortage
The expansion of the construction market on an unprecedented scale has led to a critical cement shortage in Kyrgyzstan, according to Syrian Omorov, head of the regulated sectors department of the Antimonopoly Regulation Service. He said that output at the Kant Cement Plant , part of United Cement Group , already exceeded 1Mt, whereas in the past it barely reached 0.6Mta. "We are working ...
Royalty issue on cement raw materials in Punjab landed in court
According to Topline Research, Punjab-based cement manufacturers have obtained a stay order from the court against the imposition of six per cent of ex-factory cement/clinker price as royalty on limestone and argillaceous clay in a major development. However, the analyst remarked that this stay is subject to bank guarantees to be furnished by manufacturers. To avoid any unfavourable decision ...
Peruvian cement dispatches see minor slip in July
Cement dispatches in Peru slipped by 0.4 per cent YoY to 1.022Mt in July 2024 from 1.026Mt in July 2023, according to the Peruvian cement association, ASOCEM. Of this total, its members delivered 0.932Mt. Domestic cement production by ASOCEM members decreased by seven per cent YoY to 0.913Mt in July 2024 from 0.985Mt, but clinker production increased by 42 per cent YoY to 0.884Mt from 0.624M...
Lafarge Canada partners for CCU project in Western Canada
Lafarge Canada is partnering with Svante Technologies Inc and Dimensional Energy Inc to further the sustainability of western Canada’s cement industry by capturing and utilising CO 2 from its operations in Richmond, British Columbia, and blending it with locally-generated green hydrogen. This process will produce synthetic crude and possibly even food-grade wax. This initiative coul...
Brazil's cement market expands 7% in July
Domestic cement sales in Brazil saw a 6.9 per cent YoY advance to 5.848Mt in July 2024 from 5.472Mt in July 2023, reports the country's cement association, SNIC. Sales volumes benefitted from a larger number of working days when compared with 2023. A drop in unemployment and rising incomes increased consumer confidence for the second month while optimism in the construction sector further su...
PCC approves Consunjis’ acquisition of Cemex Philippines
The Philippine Competitions Commission (PCC) has approved the Consunji Group’s planned acquisition of a majority stake in Cemex Holdings Philippines Inc (CHP). In a statement issued to the Philippine Stock Exchange, the group said that DMCI Holdings Inc, Dacon Corp, Seminar Mining and Power Corp have received a copy of the certificate issued by the PCC. The certificate outlined the P...
Dry season drives DRC price drop
The price of grey cement in Mbuji-Mayi, Kasai-Oriental province, Democratic Republic of Congo, dropped from US$30/bag to US$22-23/bag. The drop has been attributed to an abundant supply during the dry season. Several depots in Meiji-Mayi are flooded with bags of grey cement from Kinshasa, Likasi (Haut-Katanga) and Kolwezi (Lualaba). Trucks have been taking advantage of the dry season while...
Cement sales continue to contract in Pakistan
Total cement dispatches in Pakistan dropped 6.8 per cent YoY to 3.01Mt in July from 3.23Mt a year earlier, according to the All Pakistan Cement Manufacturers Association (APCMA). Local dispatches contracted 11.4 per cent YoY to 2.46Mt from 2.776Mt in July 2023. Meanwhile, exports expanded 21.6 per cent YoY fell in July, coming in at 449,792t down from 547,162t in the equivalent period of the p...
Senegalese cement demand contracts 13% in June
Cement demand in Senegal declined by 12.6 per cent to 522,400t YoY in June 2024 when compared with June 2023 when the market required 598,000t of cement, according to Senegal's Planning and Economic Study Directorate. Domestic production fell by 10.4 per cent YoY to 699,500t in June 2024 from 781,000t in the year-ago period. Of this total, the country exported 142,400t, down 5.6 per cent YoY ...
West International Holdings Ltd begins construction of Buikwe cement plant
The construction of a new UGX730m (US$196,180.8m) cement factory has begun on a 50-acre (20.2ha) plot in the Buikwe district of Uganda. Chinese-owned West International Holdings Ltd will invest UGX730m in Kavule Cell, Buzika ‘B’ Ward, Njeru Municipality, after a similar investment in the Karamoja sub-region, according to Group Director, Ambrose Byona, on 10 August. Mr Byona explained tha...
Ukraine's reconstruction efforts boosts cement production
Ukraine 's cement association, Ukrcement, reported that the country has increased its cement production by 25 per cent in response to growing reconstruction needs. Data for the January-June 2024 period shows that members of Ukrcement boosted their production by 24.4 per cent compared to the same period in 2023 (a total of 3.7Mt). The association highlighted the strength of its member enterpri...
Pakistan companies start posting financial results on PSX
Top cement companies in Pakistan will begin releasing their financial results for the last quarter (April-June 2024) on the Pakistan Stock Exchange (PSX) website. The Topline Cement Universe, which includes Lucky Cement , Kohat Cement , Fauji Cement , DG Khan , and Maple Leaf Cement, is expected to post profitability of PKR12.5bn (US$44.9m) in the 4QFY23-24 against a profit of PKR11.1bn ...
Argentina's cement market contracts 15% in July
Cement demand in Argentina fell 14.5 per cent YoY to 913,319t in July 2024 from 1,067,680t, according to the national cement association, AFCP. However, when compared with June 2024, consumption increased by 25.9 per cent. Domestic demand was largely met by output from Argentinean plants, which produced 915,456t of cement in July 2024, down 14.4 per cent YoY from 1,069,463t in July 2023. Impo...
Sumitomo Osaka Cement posts 1QFY24-25 results
Sumitomo Osaka Cement has shared consolidated financial results for the first quarter of the FY24-25. The company reported a revenue of JPY53.23bn (US$354.8m) for the quarter ended 30 June 2024, representing a 0.9 per cent increase from the JPY52.77bn reported in the same period a year previous. Although sales volume of cement was down compared to the 1QFY23-24, the company has raise...
Senegal's cement consumption increases 6% in May
Senegal's cement market expanded by 5.6 per cent in May 2024 with domestic sales increasing to 708,600t from 670,700t in May 2023, according to Senegal's Planning and Economic Study Directorate. Output from local plants increased by 6.9 per cent YoY to 899,000t in May 2024 from 840,600t in the year-ago period. Of this total, Senegal exported 210,900t of cement, up 5.6 per cent YoY from 181,30...
Pakistan's cement industry grapples with local tax issues
Pakistan’s cement industry is grappling with local tax measures announced in the Federal Budget 2025 amid falling local demand and has sought the intervention of the federal government to rescue the industry. In an appeal to the Prime Minister of Pakistan, Shehbaz Sharif, the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and the Chairman of the Federal Board of Revenue ...