Cement News tagged: International

PCA questions future of IIJA

23 June 2022, Published under Cement News

The Portland Cement Association (PCA) has voiced concerns over plans to suspend the US federal gas tax. US President Joe Biden called on Congress this week to suspend the tax in a bid to stem the rise in fuel prices at the pump, which topped US$5/gallon for the first time ever this month. While this move may be welcomed by motorists, the PCA believes it could have serious ramifications for the...

Dai Duong Lines 3 and 4 under review

22 June 2022, Published under Cement News

Vietnam’s Ministry of Construction has proposed Thanh Hoa’s provincial authority to review the construction of Lines 3 and 4 of Dai Duong JSC to avoid a glut in supply, according to local media. The approval of the new lines will raise the country’s cement capacity to 150Mta by 2025, surpassing the government target. The provincial authority also has to seek consultation from the ministry fo...

Bekabadcement to work on International Transport Corridor

23 June 2022, Published under Cement News

Bekabadcement , part of the United Cement Group Holding , has become a partner of the key project to build the International Transport Corridor connecting Uzbekistan and Kazakhstan. Central Asia is one of the most booming markets and an area for the implementation of large international projects. United Cement Group (UCG) contributes significantly to the economic development of Central As...

Vietnamese cement market contracts 8% in May

21 June 2022, Published under Cement News

Cement sales in Vietnam declined by eight per cent YoY and by five per cent MoM to 5,655,119t in May 2022, according to the Vietnam National Cement Association (VNCA). Of this total VICEM saw its sales contract by two per cent YoY and seven per cent MoM to 1,967,271t. Other VNCA member companies reported a 10 per cent YoY and seven per cent MoM decline with sales of 1,387,848t. In addition, ...

Iranian cement sales decline in May

Iranian cement sales decline in May

20 June 2022, Published under Cement News

The Iranian cement market contracted 11.6 per cent YoY to 5.11Mt in May 2022 from 5.78Mt in May 2021, according to the Iranian cement association. In addition to domestic deliveries, 0.301Mt of cement and 0.558Mt of clinker was exported in May 2022. This represents a YoY decrease of 11.5 per cent for cement (May 2021: 0.34Mt) and 29.4 per cent for clinker (May 2021: 0.79Mt) Output of cement...

Benin government caps cement price

20 June 2022, Published under Cement News

The government of Benin has set a price cap on the price of cement with the new price ceiling dependent on the locality. The price is capped from 17 June 2022 for four months. The government has taken the step “in support of populations faced with soaring prices of consumer products” and during the four-month period the Ministry of Commerce will carry out “strict controls and regular prices.”

Peru’s cement demand sees 5% growth in May

Peru’s cement demand sees 5% growth in May

17 June 2022, Published under Cement News

Peruvian cement dispatches saw a five per cent uptick in May 2022 to 1.117Mt from 1.066Mt in May 2021, according to the national cement association, Asocem. Cement output from Asocem member companies reached 1.079Mt in May, up seven per cent YoY from 1.010Mt. Clinker production advanced nine per cent YoY to 0.867Mt in May 2022 from 0.795Mt in May 2021. Cement exports surged 75 per cent YoY...

Pakistan cement market to contract by 10%

17 June 2022, Published under Cement News

Based on cement dispatches over the first 11 months, Pakistan’s cement market is expected to contract by 10 per cent in FY22 (ending 30 June), compared to FY21, according to a report in the Business Recorder. This is in stark contrast to the 10-15 per cent growth forecast by the industry. Much of that predicted growth was dependent on the country’s massive infrastructure and power projects, al...

GDP recovery fuelling Indian cement demand

17 June 2022, Published under Cement News

Cement demand in India is expected to rise by mid-to-high single digits in the medium term, according to Fitch Ratings. This follows an estimated mid-teen rebound in FY22, compared to FY21 which saw a mid-single digit decline due to the pandemic. An 8.7 per cent recovery in the economy in FY22 is forecast to underpin growth across various construction sectors with cement demand in the infra...

Spanish cement consumption declined 1% in May

17 June 2022, Published under Cement News

Spanish cement consumption slipped in May by 0.9 per cent, to 1,325,372t, which represents a loss of 12,406t compared to the same month last year, according to the country's cement association, Oficemen. This decline in consumption has led to a loss of 1.1 points in the accumulated growth of the first five months of the year, which now stands at 3.7 per cent, with 6,124,957t. This is 219...

Carbon8 secures GBP5m investment to accelerate CCUS deployment

16 June 2022, Published under Cement News

At Vivatech (Paris), Carbon8, the UK clean technology company specialising in carbon capture, utilisation and storage (CCUS), announce the closure of a GBP5m funding round. Vicat , the international cement group, EDF Group and its corporate venture capital arm, EDF Pulse Ventures, have co-invested GBP4m in Carbon8. John Pilkington, CEO of Carbon8, said: “Vicat Group and EDF Group share Carbo...

Ghana sees cement price rise

16 June 2022, Published under Cement News

The price of a 50kg bag of cement in Ghana is to increase by more than GHS5 to reach GHS66 (US$8.30) from 15 June 2022. According to JoyBusiness, the country’s cement producers are hoping this will offset some of the costs of transporting the cement to other parts of Ghana. This comes on the back of a rise in production costs due not only to the increase in fuel prices affecting transportat...

Korean trucker strike halts cement production

15 June 2022, Published under Cement News

A strike by truckers in South Korea is causing chaos for the country’s cement plants, according to the Korea JoongAng Daily. The strike by members of Cargo Truckers Solidarity, which began on 7 June, has reduced cement shipments to just 13 per cent of their normal levels. Around half of South Korea’s 2700 bulk cement trucks are driven by union members, leaving plants in danger of closure as in...

Puerto Rican cement market expands 5% in May

14 June 2022, Published under Cement News

Puerto Rican cement sales in May 2022 declined 4.9 per cent YoY to 1.32m bags of 42.6kg, or 56,282t, according to the Puerto Rican Institute of Statistics. While the drop represents the sixth consecutive fall, sales are 8.8 per cent higher than in May 2019, before the COVID-19 pandemic. Cement production expanded 40.9 per cent in May 2022 to 32,831t, when compared with May 2021. This represe...

Fouta Cement prepares to launch new grinding mill in Liberia

15 June 2022, Published under Cement News

Fouta Cement Corp, the subsidiary of Fouta Corp, a trading company based in Liberia, is establishing a 0.396Mta grinding plant in Monrovia. The project is financed partially via an IFC loan totalling US$21.6m.   The facility is being constructed on a 10.5 acre site in Monrovia Industrial Park, under a 20-year lease from the National Ports Authority.   The grinding plant will be equipped with ...

USA/Puerto Rico cement market expands 3% in March

13 June 2022, Published under Cement News

Portland and blended cement deliveries in the USA and Puerto Rico saw a 3.3 per cent YoY uptick in March 2022, according to the US Geological Survey (USGS). A total of 45 per cent of deliveries were received by the five top consuming states – Texas, California, Florida, Arizona and Georgia. The leading producing states for Portland and blended cement were Texas, California, Missouri, Florida a...