Cement News tagged under: Supply-Demand

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Lafarge Jordan Cement set to cut 200 jobs

05 November 2019, Published under Cement News

Lafarge Jordan Cement has announced it would be cutting 200 jobs to remain in business after accumulating losses of JOD62.2m (US$87m) following the closure of one plant in the country and the partial shutdown of another, according to Reuters. The company recorded losses of JOD34.6m in 2018, compared to JOD33.3m in the previous year. "The decision is part of the company plan to ensure its continuity," said Samaan Samaan, CEO of Lafarge Jordan Cement, to Reuters. Mr Samaan also noted that t...

China sees 7% increase in cement output during the 9M19

05 November 2019, Published under Cement News

China's cement output stood at 1.69bnt in the first nine months of 2019, up 6.9 per cent YoY, according to the Ministry of Industry and Information Technology (MIIT). During the period, the sector’s total operating revenue increased 14.3 per cent YoY to CNY719.9bn (US$102.4bn). Combined profits surged 25.3 per cent YoY to reach CNY131.8bn in the 9M19. However, cement prices saw continuous drops during the Jan-Aug period, with the August cement price index falling 6.3 per cent from January.

Poland on track to break production records in 2019

23 October 2019, Published under Cement News

In 2018 cement production in Poland broke records to reach 18.94Mt, according to data from the Central Statistical Office (CSO). Furthermore, production is up by 0.4 per cent YoY to nearly 12.3Mt in the 8M19. Looking towards 2020, Andrzej Reclik, president of Górażdże Cement, has forecast stabilisation at the current level and for final results to be close to the current year, according to an interview with WNP. Mr Reclik noted that it is difficult to increase dynamics when the market is al...

Tajikistan produces 3.1Mt of cement in the 9M19

21 October 2019, Published under Cement News

In January-September 2019, Tajikistan produced construction materials worth TJS2bn (US$207m), an increase of TJS257.5m compared to the 9M18, according to the Ministry of Industry and New Technologies of Tajikistan. During the first nine months of the year, the country produced 3.1Mt of cement. Cement exports during the period reached 1.2Mt, representing a value of US$51.4m. This includes 725,600t to Uzbekistan, 427,400t to Afghanistan and 58,500t to Kyrgyzstan.

Macau sees slowdown in industrial sector for 2018

26 September 2019, Published under Cement News

The revenue of Macau’s industrial sector fell 4.1 per cent to MOP11.07bn (US$1.37bn) in 2018, according to the SAR’s statistics service. Furthermore, the expenditure of the sector decreased four per cent to MOP7.96bn. The revenue of cement and concrete manufacture dropped 16.5 per cent to MOP1.21bn for the year. This marks the fourth-consecutive year of decline on the back of a continued slowdown in demand after a decrease in the number of local large-scale construction projects.

Belarusian cement industry yet to see a return on investment

13 September 2019, Published under Cement News

The chairman of Belarus’ State Control Committee, Leonid Anfimau, has stated that the funds invested in the domestic industry have yet to see a return. "The state has spent huge sums of money – more than US$1bn – on the "modernisation" of cement plants, while hundreds of millions of dollars in state support have been provided. There is no expected return on these funds so far," said Mr Anfimau. The three plants of the domestic cement industry are all part of the Belarusian Cement Co holdi...

Argentina records 6% fall in dispatches for August

06 September 2019, Published under Cement News

Argentina has recorded a 5.8 per cent YoY decrease in cement dispatches to 1.052Mt for August 2019, compared with 1.117Mt in the year-ago period. Domestic dispatches fell to 1.047Mt from 1.113Mt, while exports declined to 4230t from 4611t in August 2018. The country’s demand was met by domestic production and as such, no imports were recorded for the month.

Indian cement demand growth forecast to slow in FY20

03 September 2019, Published under Cement News

Growth in Indian cement demand is expected to slow to seven per cent in the FY19-20, against 13 per cent demand growth in the FY18-19, according to ICRA. However, average prices in the current fiscal year are likely to be higher while manufacturing costs will decrease. "We expect cement demand growth to taper off in the FY19-20 after a strong double-digit growth in the previous year. This is already being reflected in tepid growth in the 1QFY19-20, on the back of slowing of the project exe...

Vietnamese production estimated to have risen 9% in August

29 August 2019, Published under Cement News

Vietnam is estimated to have produced 7.9Mt of cement in August, an increase of 8.7 per cent YoY, according to the latest data from the country’s General Statistics Office. Therefore, the country’s total output in the first eight months of this year is likely to have advanced 7.6 per cent YoY to 63.1Mt.

CNBM expects demand to increase in the 2H19

27 August 2019, Published under Cement News

China’s CNBM is expecting domestic cement demand in the 2H19 to increase from the first half, alongside pricing improvements compared to the previous year, due to the traditional peak construction season being in the second half, according to Cao Jianglin, chairman. When asked about the potential impact of trade wars on the company business, Mr Jianglin noted that he foresaw a limited impact on the export business due to its internationalisation and factories located in the US, reports AA ...