Cement News tagged under: Mozambique

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Cement price surge in Nampula

26 February 2018, Published under Cement News

The price of cement in Nampula, northeastern Mozambique, has soared since the start of the year despite the existence of two cement plants in the port of Nacala, 200km to the west. At the end of 2017 the cement price reached MZN435-470 (US$7.30-7.80) per 50kg bag but by 23 February, this had risen to MZN570-610/bag. Demand in the northern provinces  has boomed and the two cement plants cannot supply the entire market requirement, according to the Mozambique News Agency. Nampula Provincia...

Limak's 0.7Mta Matola plant inaugurated

22 February 2018, Published under Cement News

Mozambican President Filipe Nyusi inaugurated Limak Cement Group’s new cement plant in Matola on 21 February 2018. The new plant has a 0.7Mta capacity and will employ over 140 people, mostly Mozambicans. President Nyusi said he expected the new factory “to contribute to stabilising prices in a scenario of high levels of demand for cement. “This prospect strengthens our conviction that our dream of building national infrastructures using exclusively cement produced in Mozambique ca...

Cabo Delgado plant runs at third of its capacity

07 February 2018, Published under Cement News

Lack of demand has caused a cement plant in Mozambique to operate at a third of its capacity, according to Macauhub. The 0.25Mta facility was commissioned in October 2016 and represents an investment of US$24m. Despite its capability, the Cabo Delgado plant is producing just 300tpd. The low production level has been attributed to subdued demand in the northern region of the country. Paulo Wang, a director of the unit, says this could change when construction of natural gas facilities begi...

Vietnam April exports up 6.7%

19 May 2017, Published under Cement News

Vietnam exported more than 1.9Mt of cement and clinker, reflecting an export value of US$67.4m, according to the country’s Customs Department. This represents a YoY increase of 6.7 and 7.6 per cent, respectively. In the first four months of the year, the country exported 6.7Mt of cement and clinker, up 12.8 per cent YoY. In terms of value a 7.9 per cent rise to US$235m was reported. Bangladesh and the Philippines were the largest importers, accounting for 37 and 32 per cent, respectively o...

Vietnam 1Q exports rise 11% YoY

18 April 2017, Published under Cement News

Vietnam exported 4.82Mt of cement and clinker worth US$168.65m in the first quarter of this year, representing 11 per cent increase YoY in volume and 6.4 per cent in value, according to the latest data of the General Department of Vietnam Customs. In March the country’s clinker and cement exports rose 7.8 per cent from February in volume and 7.6 per cent in value to 1.8Mt worth US$62.67m, the Xay Dung online newspaper quoted the government department as saying. Bangladesh remained the ...

Cimentos de Moçambique increases prices 5-10%

08 November 2016, Published under Cement News

Cimentos de Moçambique, Mozambique’s largest cement producer, has raised its prices by 5-10 per cent. The lowest price rise recorded in the company’s two plants in Matola, southern Mozambique. The price of a 50kg bag of cement rose from MZN347 (US$4.49) to MZN364. In the northern port of Nacala, price increases were higher, from MZN390 to MZN429/50kg bag, while at the central Mozambican town of Dondo a similar price hike of 10 per cent was carried out. The company has attributed the...

Vietnam cement exports fall 17.2% YoY in 9M16

20 October 2016, Published under Cement News

In September Vietnam’s clinker and cement exports fell 0.3 per cent to 1.15Mt when compared with August but climbed 3.5 per cent to US$48.16m, according the Vietnamese Ministry of Industry and Trade. Vietnam exported 11.28Mt of cement and clinker in the first nine months of 2016, which represents a 6.6 per cent fall when compared with the same period the previous year. Total value of the exports was down 17.2 per cent YoY to US$429.3m. The Philippines, Bangladesh, Taiwan and Mozambique...

Mozambique: cement prices soar

23 September 2016, Published under Cement News

The price of cement has risen sharply in the northern Mozambican province of Nampula, with retailers across the province charging MZN480 (US$6.30) for a 50kg sack, compared with MZN350 (US$4.50) just three months ago. In July the price rose from MZN350 to MZN380, followed by a further rise in August to MZN450, and to MZN480 at present. Some establishments in Nampula city are even charging MZN500. Worse still, some retailers appear to be illegally altering the weight of the sacks, reported ...

Cimpor takes massive provisions in Brazil

02 September 2016, Published under Cement News

Cimpor's first-half turnover dropped by 31.1 per cent to EUR897.3m, while EBITDA declined by 39.1 per cent to EUR170.1m. The amortisation and provision charge jumped from EUR100.6m to EUR527.9m as a result of a EUR433m good-will impairment charge relating to Brazil. This led to the trading result falling from a profit of EUR178.6m to a EUR357.7m loss and after a 9.2 per cent increase in the net financial charge to EUR182.2m there was a pretax loss of EUR539.9m against a profit of EUR11.8m. A...

Vietnam sees export value rise 19% in Jan-Jul 2016

16 August 2016, Published under Cement News

Vietnam earned US$335.12m as it exported 8.97Mt of cement and clinker in the Jan-Jul 2016 period, up 18.8 per cent YoY in value, but down 6.2 per cent in terms of volume. The Philippines, Bangladesh, Taiwan and Mozambique were key importers of Vietnamese clinker and cement in the first seven months of this year, according to the Vietnamese Ministry of Industry and Trade. The Philippines surpassed Bangladesh to become the largest importer of cement and clinker from Vietnam in terms of v...