Cement News tagged under: Supply-Demand

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East Africa Portland Cement Co suffers operational issues

16 April 2018, Published under Cement News

East African Portland Cement Company (EAPCC) has experienced operational challenges over the last two months, according to The East African. Amongst the issues faced by the company was a production halt, salary delay and a low supply of cement stock. This follows its net loss widening by almost four times to US$9.6m in the 2H17, as a result of low revenues. The results for the full-year period ending June 2017 saw a loss of US$14.71m, compared to a US$41.45m profit in the year-ago period....

CANACEM to ask presidential candidates for continuity

16 April 2018, Published under Cement News

Mexico’s National Chamber of Cement (CANACEM) will ask presidential candidates for continuity in the economic model and investments projects, reports Noticias Financieras. Mauricio Doehner, president of the organisation, has said that its members will seek dialogue with the candidates to present its needs. "[…] [W]e believe that we should continue with an economic model such as the one of expansion, inclusion, housing, infrastructure, so we are doing work groups, so we will be able to pres...

Iranian cement facilities produced 49.7Mt in the 11MFY17-18

10 April 2018, Published under Cement News

Iranian facilities produced 49.697Mt of cement during the first 11 months of the last fiscal year (20 March 2017-20 February 2018), falling 1.8 per cent YoY. The latest statistics show that exports of the country’s minerals and mineral industry products has increased in value but dropped in volume, according to Trend News Agency. Exports of the products reached US$8.396bn over the 11MFY17-18, a six per cent increase on the year-ago period. The volume of mineral exports decreased three per...

Indian cement industry may post flat growth in FY19

10 April 2018, Published under Cement News

The Indian cement industry is expected to post a flat growth of approximately five per cent in FY19, despite an increase in demand and a positive outlook, according to an ICRA report. The profitability margins and debt metrics of cement companies could be negatively impacted by higher petcoke, coal and diesel prices. "The cement demand has picked up from 3QFY18 and the trend is expected to continue in 4QFY18, but the growth of the industry may remain flat at five per cent in FY19," said I...

Egyptian cement prices rise EGP250/t in March

09 April 2018, Published under Cement News

Egyptian cement prices increased by EGP250/t (US$14.14/t) to reach EGP1100/t at the beginning of March, reports Ahram Online. This has been attributed to some manufacturers using a halt in production in Sinai to raise prices, according to members of the Building Materials Division of the Cairo Chamber of Commerce.  The cement price hike is part of a wider increase in the cost of building materials, which could result in a 15-20 per cent rise in real estate unit prices over the year. “Rea...

Shortage of cement could continue in Rwanda

09 April 2018, Published under Cement News

A shortage of cement at distribution points is expected to continue in Rwanda, while retail prices will remain high until regional manufacturers resume production at the end of April 2018, according to The East African. However, a prolonged cement shortage is a distinct possibility as domestic manufacturers claim large infrastructure and real estate projects will place pressure on their capacity. The expected increase in demand and maintenance works at Cimerwa’s facility could lead to the...

Pakistan reaches record capacity utilisation in 9MFY18

05 April 2018, Published under Cement News

Pakistan reached its highest-ever capacity utlisation at 93.7 per cent during the 9MFY18 period, ended March 2018. In total, cement dispatches rose 14.7 per cent YoY to 34.75Mt, according to figures supplied by the All Pakistan Cement Manufacturers Association (APCMA). Domestic dispatches in the northern region increased 19.3 per cent to 25.88Mt, while exports decreased 3.8 per cent to 2.43Mt. Similarly, domestic dispatches advanced 11.8 per cent to 5.43Mt in the south, whereas exports fell ...

Cement production in Pakistan rises 12% in 7MFY18

30 March 2018, Published under Cement News

Cement production in Pakistan recorded 12.1 per cent growth YoY during the first seven months of the current financial year. The country produced 23.77Mt of cement throughout July 2017-January 2018, compared to 21.2Mt of the year-ago period.  In January 2018 alone, production increased 23.5 per cent YoY to 3.64Mt (2017: 2.95Mt), according to the Business Recorder. 

Tamil Nadu scales down cement supply scheme

30 March 2018, Published under Cement News

The Tamil Nadu government has recently scaled down its procurement for the ‘Amma Cement Supply Scheme’ as a result of poor sales figures, according to The Hindu. The project was set up in 2014 to help low and middle income groups purchase cement at subsidised prices. However, the highest sales figures, recorded in August 2016, only achieved 53 per cent of the quantity procured. While Tamil Nadu Cement Corp Ltd (Tancem) initially purchased 200,000t of PPC per month to sell for INR190 (US$2...

Imported petcoke prices rise to a multi-year high in March

19 March 2018, Published under Cement News

The price of petcoke imported to India has risen to a multi-year high in March. This has been attributed to both increased demand and a supply shortage because of maintenance work undertaken by refiners, reports Mint. "Indian demand for petcoke is around 23-24Mta, while domestic supplies total up to around 14Mta. Suppliers are not in a rush to sell into the Indian market for there is some healthy demand from other regions like Latin America," said Deepak Kannan, managing editor of Asia The...