Cement News tagged: International

China’s cement industry sees CNY80bn profit in 1H19

22 July 2019, Published under Cement News

China’s cement industry in the first half of 2019 saw profits advance by 20 per cent to CNY80bn (US$11.6bn), according to China Securities Journal. Cement output increased 6.8 per cent YoY to 1.05bnt in the January-June period, the highest growth rate in the last five years, as shown by data of the National Bureau of Statistics. The cement market expansion has been attributed to real estate...

Pakistan attracts lesser FDI in FY19

18 July 2019, Published under Cement News

Pakistan received a net foreign direct investment (FDI) of US$1.737bn in last financial year, FY18-19 compared to US$3.471bn in July-June 2017-18. This translates a fall of 50 per cent foreign direct investment in the country industrial sector, including construction and cements industry, says a report of State Bank of Pakistan (SBP). A breakdown of SBP data shows that the net total FDI in t...

Spanish cement market expands 7% in May

18 July 2019, Published under Cement News

Cement consumption in Spain increased 6.6 per cent YoY in May, reaching 1,333,698t, according to Oficemen. In the first five months of 2019, demand for cement advanced 13.7 per cent YoY when compared with the 5M18. "The improvement in the percentage of annual growth in this first part of the year is the result of the positive evolution of housing, which in the last 12 months has grown by 25 ...

Ex-works cement price stable in El Salvador, retail price sees modest slip

17 July 2019, Published under Cement News

The price of a 42.5kg bag of cement, ex-works in El Salvador remained stable in May 2019 at $7.57 when compared with the previous month, according to the Salvadoran construction chamber, CASALCO. Retail prices slipped slightly to $8.42/bag (including 13 per cent VAT), down from $8.44/bag in April 2019.

Pakistan cement distributors to decide action plan

Pakistan cement distributors to decide action plan

17 July 2019, Published under Cement News

Dispatches from cement plants are still facing unrest in Pakistan. The government's new tax policy has been opposed and has led to continue the continued protests since 1 July. The All Pakistan Cement Distributors Association (APCDA) has supported the action following the government's introduction of new tax measures in the federal budget 2019-20. To move forward, APCDA has called a of the a...

Peru’s cement consumption up 4% in June

16 July 2019, Published under Cement News

The Peruvian cement market expanded by 4.1 per cent YoY to 0.914Mt in June, according to Asocem, the country’s cement association. However, MoM demand fell by 4.8 per cent. Cement dispatches in Peru increased four per cent YoY to 0.906Mt in June 2019.  Of this total, Asocem members supplied 0.807Mt while a further 0.099Mt was delivered by non-members. Cement imports were up 46.1 per cent Y...

New tax bill proposed for cement sales in Costa Rican province

New tax bill proposed for cement sales in Costa Rican province

16 July 2019, Published under Cement News

Oscar Cascante, a deputy of Costa Rica’s PUSC party, is reportedly pushing for legislation that will see a five per cent sales tax on Cementos Fortaleza, a relatively new player in the country’s cement production sector. The company inaugurated its plant in Esparza, Puntarenas province, 10 months ago. Current legislation states that cement firms must pay five per cent tax on the price of ev...

Cambodian cement demand expected to rise

15 July 2019, Published under Cement News

Cambodia's construction sector is seeing demand for cement and brick rise by some 10 per cent in 1H19 and cement producers are forecasting a strong 2H19. Chip Mong INSEE Cement Corp has increased its cement supply by 10 per cent compared to the 1H18 said Tieng Vichea, the company's public and government relations manager. However, cement producers have not driven through large price increases...

Brazilian cement sales edge up in 1H19

12 July 2019, Published under Cement News

Cement sales in Brazil in January-June 2019 increase 1.5 per cent YoY to 25.8Mt, according to the country’s cement association, SNIC. In June 4.2Mt of cement were sold, down 15.7 per cent YoY. In terms of domestic sales per working day increased 1.8 per cent MoM but fell 7.9 per cent when compared with June 2018. "The performance of June ended up adjusting the high expansion of the month o...

Cement demand in DR Congo soars to 1.8Mt in 2018

12 July 2019, Published under Cement News

Cement consumption in the Democratic Republic of Congo continued to surge in 2018 to 1,825,757t, up has from 881,733t  in 2017 and from 229,967t in 2016, according to provisional data from the Central Bank of Congo (BCC). There were no exports, continuing a trend started in 2016 as export volumes continued to dwindle. Likewise, cement production in the central African country has rapidly inc...

Association calls for lower cement prices in Nigeria

12 July 2019, Published under Cement News

Oyebamiji Dauda, chairman of the Lagos State Bricklayers’ Association, has urged the federal government of Nigeria to address the rising cement prices and as a result, increase access to affordable housing. In an interview with the News Agency of Nigeria, Mr Dauda stated that allowing more producers to operate in the market would make it more competitive. "There is the need for establishmen...

Cement sales in Morocco up 4% in June

12 July 2019, Published under Cement News

Cement sales in Morocco increased 4.1 per cent to 815,842t in June 2019 YoY, according to the Association professionelle des cimentiers (APC). In the first half of the year, domestic cement demand has advanced 2.1 per cent to 6.57Mt when compared with the 1H18. Deliveries for the building sector expanded most rapidly by 37.4 per cent in the first six months.

Saudi sales rise in June 2019

12 July 2019, Published under Cement News

Cement sales in Saudi Arabia increased 20 per cent YoY to 2.55Mt in June 2019, compared to 2.13Mt in the same month last year, according to data compiled by Yamama Cement Co. Only four cement producers out of 17 in total reported lower sales for the month. Tabuk Cement saw the largest decline (-27.9 per cent to 57,000t), followed by Hail Cement (-21 per cent to 64,000t) and Yamama Cement (-13...

Spain's cement demand in May up, worsening trade balance

12 July 2019, Published under Cement News

Cement consumption in Spain increased 6.6 per cent YoY to 1,333,698t, according to Oficemen, the country's cement association. In the first five months of 2019, the domestic cement market has expanded by 13.7 per cent YoY while in the 12-month period from June 2018 to May 2019 consumption rose 10.4 per cent to 14.11Mt. "The improvement in the percentage of annual growth in this first part ...

Nepal introduces higher cement standard certification

11 July 2019, Published under Cement News

Nepal's government has extended domestic cement grades to three grades by the Nepal Bureau of Standards and Metrology (NBSM). Grades 43 and 53 have been added to the 33-grade cement, overturning the previous law that prohibited domestic manufacturers from labelling their cement products higher than grade 33. Nepal's domestic cement producers had been claiming that their cement met internation...

Mega projects are pushing Bangladesh's cement demand up

10 July 2019, Published under Cement News

Optimism among Bangladesh cement companies for market growth is strong with government mega construction projects increasing demand. "Besides the big projects, developments in real estate and commercial and public institutions have also contributed to enhanced cement consumption. Moreover an increasing number of migrants travelling from rural areas to the big cities are boosting real estate b...