Cement News tagged under: international
Exports driving Pakistan cement sales04 April 2024, Published under Cement NewsTotal cement dispatches in Pakistan rose 3.9 per cent YoY to 3.941Mt in March 2024 from 3.795Mt a year earlier, according to the All Pakistan Cement Manufacturers Association. Local dispatches dipped 0.6 per cent YoY to 3.336Mt from 3.357Mt in March 2023, contained by extreme weather, including heavy snowfall in the north and flooding in the southern coastal city of Gwadar, as well as moderating but still high inflation, and the month-long holy month of Ramadan. Meanwhile, exports jumped a n... |
Rebuilding boosted Turkey cement in 2023 and expected to be key driver in 202403 April 2024, Published under Cement NewsDomestic cement sales in Turkey came in at 5.602Mt in December 2023, down 5.5 per cent MoM and 14.9 per cent YoY, according to Turkey’s cement manufacturers association, Türkçimento. Cement production fell 7.6 per cent MoM but rose 1.1 per cent YoY to 6.653Mt. Cement exports were up 5.5 per cent MoM but down 27.3 per cent YoY to 1.042Mt while clinker exports jumped 98.2 per cent MoM but were down 19.4 per cent YoY to 0.582Mt. January-December 2023 Turkey’s cement industry reported a s... |
Rebound expected in Thailand after lacklustre 202303 April 2024, Published under Cement NewsThai domestic cement sales, excluding clinker, came in at 3.74Mt in December 2023, up 28.1 per cent MoM and 25.5 per cent YoY, according to Thailand’s Office of Industrial Economics (OIE). For 2023 as a whole, domestic cement sales amounted 38.12Mt, down 1.4 per cent YoY from 38.65Mt a year earlier. “Sales volume shrank due to the rising cost of living. As a result, consumers' purchasing power decreased”, according to OIE. Cement production excluding clinker rose a modest 0.1 per cent Yo... |
Pakistan hopes to resume cement and other trade with India01 April 2024, Published under Cement NewsTwo federal ministers of Pakistan, Foreign Minister, Ishaq Dar, and Minister for Maritime Affairs, Qaiser Ahmed Sheikh, have shown intention to resume trade with India, which has been halted since August 2019 following India’s revocation of the special status for Jammu and Kashmir. Both ministers viewed that business people wanted the resumption of trade, but this required further talks and approval by the country's government and parliament. In addition, exporting cement from Pakistan via ... |
Afghanistan in talks over new cement plant28 March 2024, Published under Cement NewsTurkey-based construction company 77 INSAAT has reportedly expressed an interest in setting up a cement plant in Jawzjan province in the north of Afghanistan, close to the border with Turkmenistan. According to Ariana News, 77 met with Shahabuddin Delawar, the acting minister of mining and petroleum in Afghanistan, to discuss the possibility of a new cement production facility in the Yatim Taq area. 77 has worked on a number of projects in Afghanistan in recent years, primarily within th... |
US pledges US$1.2bn in funding for PCA decarbonisation projects26 March 2024, Published under Cement NewsThe US Energy Department has announced more than US$1.2bn in federal funding for four decarbonisation projects in the US cement industry. In total, the energy department has pledged US$6bn in funding for 33 industrial projects designed to reduce carbon emissions across not only the cement industry but also iron and steel, concrete, aluminium, chemicals, food and beverages, and pulp and paper, which collectively account for around one third of US carbon emissions. Commenting on the announ... |
CEMEX reveals strategy for EBITDA growth22 March 2024, Published under Cement NewsCEMEX has outlined its strategy to achieve high single-digit EBITDA growth in the medium term. According to the company, since 2020 it has focussed on rebalancing its portfolio towards the US, increasing its percentage of EBITDA contribution from 24 to 29 per cent. CEMEX now intends to increase this to 40 per cent by expanding its growth capex and investing divestment proceeds to the region. Speaking at an investor day in New York, Fernando A González, CEO at CEMEX, said that the focus... |
Kuwait Cement reports a 59% fall in quarterly profit22 March 2024, Published under Cement NewsKuwait Cement Co KSC has reported a 59.3 per cent drop in quarterly net profit from KWD2.7m (US$8.8m) to KWD1.1m between January 1 to 31 March 2024. The company's quarterly operating revenue fell 10.6 per cent to KWD18.5m, compared to KWD20.7m in the same quarter of 2023. |
TUSDEC initiates global chain study22 March 2024, Published under Cement NewsTechnology Upgradation and Skill Development Co (TUSDEC), established by Pakistan's Ministry of Industries and Production, has announced that it is working to upgrade the technology and skills of key and strategic industrial clusters to connect Pakistan to the global value chain. TUSDEC is implementing the “National Strategic Programme for Acquisition of Industrial Technology (NSPAIT)” project. This strategic programme will include selected key industrial sectors to upgrade Pakistan’s indu... |
Peru's cement market contracts 2% in February21 March 2024, Published under Cement NewsPeruvian cement dispatches slipped by two per cent YoY to 0.89Mt in February 2024 when compared with the previous year’s equivalent period, said the country’s cement association, ASOCEM. Of this total, the association’s members supplied 0.815Mt, down from 0.856Mt in February 2023. Cement production in Peru fell five per cent YoY to 0.818Mt in February 2023 while clinker output was down 17 per cent YoY to 0.633Mt in the same period. Domestic production was supplemented by 4000t of cement,... |