Cement News tagged: International

Producers: cement prices unsustainable in Peninsular Malaysia

21 June 2019, Published under Cement News

Cement prices in Peninsular Malaysia, which have been declining since 2016, have a reached an unsustainable level as production costs have increased, according to the country’s cement producers. While the Cement and Concrete Association of Malaysia said it cannot comment as cement prices are set by individual manufacturers independently, it highlighted the capital-intensive nature of the cem...

Bangladesh budget sets higher GDP for FY20

14 June 2019, Published under Cement News

AHM Mustafa Kamal, Bangladesh Finance Minister, in his budget speech in Parliament on 13 June  proposed that country's GDP grew consistently at a very high rate in the last decade. He added, "We expect a GDP growth of 8.13 per cent in FY218-19. Our commitments are to achieve a growth rate of 10 per cent by FY23-24, and maintain that rate until 2041 so that we can lay a solid foundation for bec...

APC members see May sales fall 13%

13 June 2019, Published under Cement News

Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc – members of Morocco’s cement association, APC – have seen their sales rise by 1.9 per cent YoY to 5.868Mt in the first five months of 2019 when compared with 5.761Mt in the 5M18, according to the country's Ministry of Urbanisation. However, in May sales fell by 13 per cent YoY to 1.06Mt from 1.219Mt in May 2018. Sale...

Cement prices rise in Vietnam

13 June 2019, Published under Cement News

Cement producers in Vietnam have reportedly begun to hike prices due to rising electricity prices at the peak time for construction, according to Vietnam News. SCG Vietnam has announced to its distributors that its cement prices would increase by VND29,700/t (US$1.27/t) including VAT, starting this Sunday. Vicem Hoàng Mai Cement also increased prices by VND30,000/t from the start of June. N...

Pakistan's Federal Budget FY20 serves up mixed bag of tax measures

Pakistan's Federal Budget FY20 serves up mixed bag of tax measures

13 June 2019, Published under Cement News

Pakistan Minister of State for Revenue, Hammad Azhar, presented the incumbent's governments first federal budget on 11 June with a total outlay of PKR8.2trn (US$53.9bn), which is 38.9 per cent higher than the FY18-19 Federal Budget. The FY19-20 Budget has been prepared to achieve the following economic targets: real GDP growth of 2.4 per cent, inflation between 11-13 per cent, a tax-to-GDP ...

Brazil's cement sales rise 6% in 5M19

13 June 2019, Published under Cement News

In May apparent cement consumption (domestic sales plus imports) in Brazil increased 27.7 per cent YoY to 4.6Mt, according to the country's cement association, SNIC. The sharp rise reflects the 10-day nationwide truckers' strike in May 2018 that damaged economic activity and saw domestic cement sales down by 0.9Mt. Sales were up 30.5 per cent in the key southeast market to 2.262Mt, while the n...

Vietnam's cement exports rise 4% in 5M19

Vietnam's cement exports rise 4% in 5M19

12 June 2019, Published under Cement News

Vietnam exported 13.82Mt of cement worth US$589.95m in the 5M19, an increase of four per cent YoY in volume and 23.2 per cent in value, according to the General Department of Vietnam Customs. The country’s cement exports are expected to hit a target of 25Mt in 2019. Elsewhere, Nguyen Van Cung, chairman of Vietnam Cement Association (VNCA), has stated that the country’s domestic industry requi...

Economic Survey encompasses cement industry performance in 9MFY19

12 June 2019, Published under Cement News

Pakistan's government has released its economic survey for 2018-19. Reviewing the performance of the country's industrial sector including cement during 9MFY19, the survey reported that provisional growth in industrial sector has been estimated at only 1.4 per cent, mainly due to the decline by 2.1 per cent in the large-scale manufacturing sector and by nearly two per cent in mining and quarry...

Buzzi Unicem reports fire at Stockertown plant

10 June 2019, Published under Cement News

Buzzi Unicem USA reported a fire at its Hercules facility in Stockertown, Pennsylvania, last Friday night. Crews of firefighters from local departments were called to the scene and arrived to see flames on the third-floor platform of the preheater tower. The firefighters pulled water from a nearby creek to put out the fire, which was reportedly under control after two hours. The fire was con...

Puerto Rican sales decline 11% in May

07 June 2019, Published under Cement News

Puerto Rican cement sales fell 11.1 per cent YoY to 1.21m bags, or 51,425t, in May, following a 13.9 per cent drop in April. Output from local cement plants was off by one third to 1m bags (42,500t). The May data represent the fourth-consecutive monthly decline since sales started to fall in February, reversing their 13-month climb, according to Sin Comillas. Total demand (including imports)...

Eurocement provides update on Akhangarancement

07 June 2019, Published under Cement News

Mikhail Skorokhod, president of Russia's Eurocement group, has provided an update on the company’s Akhangarancement project to the President of Uzbekistan, Shavkat Mirziyoyev. The plans will see a group of industrial projects developed in Akhangaran, Uzbekistan. "The result of the cluster will be a production complex with an annual capacity of 5Mt of cement, 144,000m 3 of ready-mixed concr...

Key risks to near-term oil price

06 June 2019, Published under Cement News

Global oil demand is growing at its weakest rate since 2012 while global oil supply disruptions continue to be at their highest levels in almost 30 years, according to Bank of America Merrill Lynch (BoAML). Key risks to the oil price remain with US trade wars and tensions with Iran affecting demand and supply, respectively. In addition, the bank also highlights the “ultimate ultra-bearish scen...

Kinshasa cement price declines 19%

06 June 2019, Published under Cement News

The price of grey cement in Kinshasa, Democratic Republic of Congo, has fallen by 19.4 per cent to CDF13,300 (US$8.07) currently from CDF16,500/50kg bag in April, according to the Congolese press agency, ACP. The price drop has been attributed to supply currently exceeding demand. However, in the east of the country the supply of cement is significantly lower with only two plants in operation...

Argentine market expands 4% in May

06 June 2019, Published under Cement News

Argentina’s cement consumption advanced 4.3 per cent YoY to 964,762t in May 2019 from 924,211t in May 2018, according to the latest data by the country’s cement association, AFCP. Market demand was entirely met by domestic production in May 2019, unlike in the year-ago period when 554t was imported. In addition, cement producers in Argentina exported 8891t of cement, up 49 per cent YoY. J...

Salvadorian cement demand surges 28% in 11M18

06 June 2019, Published under Cement News

Apparent cement consumption in El Salvador has increased by 28 per cent in the January-November 2018 period to 27,314,750 bags of 42.5kg, or 1,160,877t, when compared with 21,802,300 bags or 926,598t in the 11M17, according to the country’s construction chamber, CASALCO. The latest increase represents the fifth-consecutive 11M rise since 2014. The rise comes on the back of construction activ...

Colombian cement market contracts 4% in April

31 May 2019, Published under Cement News

National cement dispatches in Colombia declined 3.9 per cent YoY to 0.991Mt in April 2019 from 1.031Mt in April 2018, according to the country’s national statistics office, DANE. The market of Magdalena noted the largest contraction at 21.6 per cent, followed by Atlántico (-13.5 per cent), Córdoba (-12.6 per cent) and Cundinamarca (-11.1 per cent). Sales in Bogotá declined by 4.9 per cent an...