Cement News tagged under: COVID-19

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Shree Cement to open 3Mta Pune grinding plant in September

19 July 2021, Published under Cement News

Shree Cement's 3Mta clinker grinding unit at Patas, Pune district in Maharashstra, India, is now expected to be completed soon with commercial production to commence in September, according to company official. The western Indian expansion, which sits on a 26.6ha plot, had been delayed due to the impact of the COVID-19 pandemic and right-of-way issues. The project, which represents an investment of over INR6bn (US$80.39m), will receive clinker from its group plant in Karnataka. In 2020...

Bangladesh cement export revenue fall

19 July 2021, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$7.26m in the last fiscal year (July 2020-June 2021), compared to US$9.14m in the year-ago period, a fall of 20.6 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data.   Bangladesh exports 90 per cent of its cement to India. An increase in local consumption and high cost of exports attributed to lesser export, a research house...

Cement sales in Dominican Republic decline 5% in 2020

22 June 2021, Published under Cement News

Cement sales in the Dominican Republic fell by five per cent to 4,446,706t in 2020 from 4,703,347t in 2019, according to the country’s cement association, Adocem, in its newly-published 2020 annual report. Cement production declined 8.4 per cent to 5,168,969t in 2020 from 5,644,176t in the previous year. This represents a capacity utilisation rate of 74.6 per cent, down from 81.5 per cent in 2019. Of the country’s total output, 11.8 per cent was exported. While the country was impacted b...

Indonesia’s face of recovery

21 June 2021, Published under Cement News

COVID-19 restrictions disturbed the Indonesian cement market last year, with demand and utilisation levels falling as the country continues to exhibit a significant capacity overhang. LEK Consulting provides a summary of 2020’s implications on the local cement scene and identifies key emerging themes that will shape the face of its recovery. By Manas Tamotia, LEK Consulting, Singapore. Despite lower cement demand registered last year, certain mitigating factors offset the overall impa...

Lami cement plants warned of need for local correspondence on emissions

14 June 2021, Published under Cement News

Cement companies in Lami, Fiji, have been urged to hold virtual meetings with the residents. Permanent Secretary for Environment, Joshua Wycliffe, says this will ensure that the companies are in regular talks with the residents, so their concerns do not fail to get attention during these challenging times. Mr Wycliffe says there have been resurgent reports indicating clinker emissions in the airspace in Lami. He adds they are in touch with the cement companies clearly instructing them tha...

PT Indocement Tunggal Prakarsa records April sales volume of 1.3Mt

25 May 2021, Published under Cement News

PT Indocement Tunggal Prakarsa Tbk recorded a sales volume of 1.3Mt throughout April 2021. This realisation was 13 per cent higher than sales in the same period last year. Director and Corporate Secretary of Indocement Tunggal Prakarsa, Antonius Marcos, said that this increase was mainly due to the fact that April last year was the first month of the COVID-19 pandemic in Indonesia. In April 2021 are around 100,000t lower than sales in March 2021 which reached 1.4Mt. This decline in m...

Egypt's government set to put the brakes on cement production

14 May 2021, Published under Cement News

The Egyptian government has decided to take direct action to curb the excess production in the country's cement sector. In an attempt to ease the flow of cement, the government has proposed that cement producers reduce their production by 10 per cent. The government itself has contributed to the oversupply with the creation of its 13Mta military plant in Beni Suef cement plant in 2018, which has seen its sales fall by half, according to military executives. Under the formula proposed last...

Cemex records 1Q21 net sales of US$3.4bn

30 April 2021, Published under Cement News

Cemex has announced its 1Q21 results with EBITDA growing on a YoY basis in all regions. Consolidated net sales increased nine per cent to US$3.4bn. Operating EBITDA improved 28 per cent   to US$684m, while the EBITDA margin increased to 20.1 per cent, 2.8 percentage points higher year over year.   Net debt and leverage were reduced materially during the first quarter. Net debt plus perpetuals fell by US$547m, while leverage ratio was reduced to 3.61 times, almost half-a-turn reduction...

The search is on for new investors in Brazil's cement sector

23 April 2021, Published under Cement News

Brazil's cement market has been the focus of much attention in recent weeks firstly, with the completion of the CRH cement assets in the country to Companhia Nacional de Cimento (CNC), and more recently the unconfirmed reports that Banco Itau BBA is preparing to advise on the divestment of LafargeHolcim's Brazilian unit.  The sale of the Swiss multinational's cement interests in Brazil is expected to raise up to US$1.5bn, according to analysts  UBS European Building Materials . These fund...

Malaysia: budget for the future

20 April 2021, Published under Cement News

Malaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a new government and the largest budget in history for 2021 is providing much-needed hope for a rebound in cement demand and production. Malaysia’s construction sector pins its hopes on the 12th Malaysia Plan to revive infrastructure construction post COVID-19 Following growth of 4.8 and 4.3 per cent in ...