Cement News tagged under: cement shortage
Forex shortage leads to cement scarcity in Malawi08 August 2023, Published under Cement NewsMalawi’s Minister of Finance and Economic Planning, Sosten Gwengwe, has attributed the scarcity of cement in the country to a shortage of foreign currency. He was responding to a question in parliament of Rumphi West Member Yona Adadawiza Mkandawire who suggested that the government should encourage cement imports. He said that the ministry has engaged the Reserve Bank to support local producers of cement and other key products. “It is these local producers who are generating forex, theref... |
Caribbean Cement Co explains cement shortage08 March 2023, Published under Cement NewsCaribbean Cement Co is apologising cement shortages in Jamaica. Hardware stores in Mandeville and Christiana in Manchester and Santa Cruz in St Elizabeth had no or limited cement available. However, the shortage is only expected to last a week. "We have begun to restart the kiln after a 40-day shutdown and we will begin to stabilise supply very soon. We are apologising to our customers for any issues that they may have been experiencing," said Chad Bryan, communication and social imp... |
Cement shortage hits the Bahamas09 May 2022, Published under Cement NewsCement shortages have hit the Bahamian construction industry at least three times in the past month, according to Stephen Wrinkle, the former Bahamian Contractors Association president. “This has happened three times’ in the past month,” he revealed. “It will have a significant impact if we cannot pour concrete or manufacture blocks. It really impedes construction here. Most of our work is done with concrete and concrete blocks. We’ve had to wait on concrete pours, and it’s disrupted our s... |
Alabama hit by cement shortage20 April 2022, Published under Cement NewsOfficials with the Alabama Concrete Industries Association said Alabama saw a 14 per cent increase in the demand for concrete last year, but the current cement shortage might cause some projects to be delayed. "You can't just order concrete today and think you’ll get it next week," President of Alabama Concrete Industries Association, John Sorrell, said. "As soon as cement is made in the mills right now, it is going right into the tankers to be shipped to the ready-mix trucks." Mr Sorr... |
Oman takes measures to meet shortfall in cement demand24 March 2022, Published under Cement NewsThe Ministry of Commerce, Industry and Investment Promotion held a joint meeting in Muscat on 22 March 2022 with departments concerned and related companies to discuss cement shortage in some governorates of Oman. One of the local factories suspended production due to the hike in costs of raw materials in the production prices. Almost immediately, Oman Cement announced its readiness to boost its production capacity by 10 per cent to meet the shortfall. The meeting resulted in taking ... |
Tokyo Cement Co imports bagged cement to address shortage09 December 2021, Published under Cement NewsSri Lanka’s Tokyo Cement Co has begun distributing a shipment of bagged cement to fill a gap created in the market when importers stopped bag cement imports, according to the Daily FT. As a result, bagged cement will now reach end consumers in all parts of the island at the lowest maximum retail price of INR1275/bag (US$6.3), which is expected to lessen the impact of the cement shortage in the country. |
Sarawak cement shortage due to lack of raw material vessels16 November 2021, Published under Cement NewsIndonesia’s Ministry of Domestic Trade and Consumer Affairs has explained the current shortage of cement in Sarawak, attributing it to the demand generated by various construction projects such as the Pan Borneo Highway and the Baleh dam in the state. State director Datuk Stanley Tan acknowledged the current shortage throughout Sarawak and noted that many major projects that had been disrupted by the nationwide movement control orders (MCO) since the Covid-19 pandemic last year were finall... |
Tokyo Cement Co (Lanka) sees revenue up 4%05 November 2021, Published under Cement NewsTokyo Cement Co (Lanka) has reported a four per cent YoY increase in revenue to LKR11.88bn (US$58.96m) in the third quarter of 2021. However, net profit fell 94 per cent to LKR127m. The quarter saw the company face a weakening rupee, foreign exchange shortage, which caused a delay in opening LCs, shortages and delays in raw material imports, soaring shipping costs and re-imposed lockdowns. While the fuel price increase and a lack of vessels escalated inbound freight rates by over 300 pe... |
INSEE Cement adds import vessels to address cement scarcity in Sri Lanka05 November 2021, Published under Cement NewsINSEE Cement has added two more import vessels to its operations in order to increase cement supply across Sri Lanka, according to the Daily Mirror. "INSEE Cement continues to operate at maximum production capacity to ensure the Sri Lankan construction industry remains on its path to a successful recovery," said Gustavo Navarro, INSEE Cement’s CEO. "What the domestic market is experiencing is an artificial scarcity that was first created by importers refusing to release their stocks to... |
Tokyo Cement Co (Lanka) outlines measures taken to address cement shortage28 October 2021, Published under Cement NewsSri Lanka’s Tokyo Cement Co (Lanka) has taken several immediate measures to address a cement shortage in the market, according to Dr Harsha Cabral PC, company chairman. Tokyo Cement is operating its plant in Trincomalee at the maximum installed capacity of around 170,000tpm and will continue to supply cement island wide at its highest output levels. In addition, the company has been importing 30,000t of bulk cement per month through the Tokyo Cement Colombo terminal. On a request made by t... |