Cement News tagged under: Supply-Demand

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Vietnamese exports rise 3% in the 10M19

11 December 2019, Published under Cement News

Vietnam exported 3.58Mt of cement in October at a value of US$141.62m, representing an increase of 24.9 per cent and 17 per cent YoY, respectively, according to the General Department of Vietnam Customs. During the month, the average price of exports decreased 0.7 per cent MoM and 6.3 per cent YoY to US$39.6/t. In the first 10 months of 2019, the country exported 26.9Mt of cement worth US$1.12bn, up 2.6 per cent YoY in volume and 10.5 per cent in value. Average prices also increased 7.7 p...

Venezuela's construction industry stalls in 2019

11 December 2019, Published under Cement News

The president of the Venezuelan Chamber of Construction (CVC), Mauricio Brin, has said that the sector will close 2019 with a fairly negative balance sheet, due to a continuing decline in construction works. "Public construction is stalled and in the private area only some office buildings, specifically those that are in Caracas, Valencia and other capitals nationwide," said Mr Brin. Therefore, the low building materials output is sufficient to meet demand for the small number of activ...

Mexico's construction industry contracts in the 3Q19

04 December 2019, Published under Cement News

Mexico's construction industry contracted 6.6 per cent YoY during the third quarter of 2019, its worst period since the first quarter of 2009, due to lack of public work and fewer Infrastructure. Cement production in Mexico fell by 12.1 per cent in September to 3.160Mt, compared with the year before, according to Instituto Nacional de Estadistica Y Geografia (INEGI). In the year to September 2019, accumulated cement volumes reached 29.801Mt, representing a fall of 21.1 per cent. The decl...

Nepal's cement demand growth remains subdued

28 November 2019, Published under Cement News

Nepal’s cement demand has not been growing as anticipated, despite the country becoming self-reliant on cement, according to the Kathmandu Post. "The demand for cement has remained stable," said Dhruba Thapa, president of the Nepal Cement Manufacturers' Association. "I see this as a seasonal effect of the construction slowdown, particularly during the monsoon. But the issues that concern us are the government's continued low capital spending and sluggish demand for cement in the domestic ...

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...