Cement News tagged: International
State Bank of Pakistan reports FDI fall for cement sector
According to data of the State Bank of Pakistan, country has received a net foreign direct investment (FDI) of US$1.381bn in July-Dec 2017-18 compared to US$1.421bn in same period last year. This translates a fall of 2.8 per cent of foreign investment in Pakistan. Out of this FDI, the net investment for cement sector during July-Dec 2017-18 stood at US$18.7m compared to US$20.4m in July-Dec...
Nigeria expected to enter growth cycle
Nigeria could be entering the beginning of a growth cycle, suggests research from RMB Nigeria Stockbrokers (RMBNS). Cement consumption has been forecast to increase by seven per cent in 2018, compared with a 17 per cent decline recorded in 2017. Concrete roads and a housing deficit may lead to a 53Mt and 24Mt increase, respectively by 2020. "RMBNS see improving government capex commitment a...
US market continues to improve in 2017
Cement sales in the US increased modestly in 2017 with a value of around US$12.4bn and an apparent consumption of 96.8Mt, up from 94.2Mt in 2016, according to the US Geological Survey (USGS). Production of Portland cement in the US edged up to 85.9Mt in 2017 from 84.5Mt the previous year, but output of masonry cement remained level. Cement was produced at 98 cement works in 34 states plus ...
Uruguay cement sales rise 3% in 3Q17
Uruguayan cement producers sold 203.100t of cement in 3Q17, representing a 3.4 per cent YoY. While 159,900t was sold in the domestic market, cement manufacturers shipped 43,600t for export. "Cement sales in Uruguay have a high orientation to the domestic market and there is a high correlation between cement sales in tonnes and construction activity," says a report from the Chamber of Indust...
Dal Teknik Makina completes Nuh Çimento plant upgrade
Dal Teknik Makina has successfully carried out the modernisation of Kiln Line No1 at Nuh Çimento plant in Hereke, Turkey. Nuh Çimento plant has now increased its production capacity up to 3400tpd from 2800tpd, the specific heat consumption of clinker has been decreased to level of 740kcal/kg clinker from 870kcal/kg clinker and clinker temperature of 55˚C plus ambient temperature. This pro...
Colombia cement consumption slips 1% YoY in 2017
In full-year 2017 the Colombian cement market contracted by 1 per cent to 11.983Mt. The trend has been attributed to a 4.9 per cent fall in offtake from concrete companies. Dispatches of grey cement in Colombia decreased by 5.8 per cent to 948,300t in December 2017 when compared with the previous year, according to DANE, the country’s statistics office. Grey cement production in December 2...
Illegally imported cement seized by Nepal police
Cement illegally imported from India into Nepal, has been taken into police possession. During the transportation of the material to the District Police Office (DPO), local authorities were obstructed by protests from traders. Officers fired their weapons into the air to bring the situation under control, according to a report by The Himalayan Times. A total of 33 sacks of cement were seize...
Pakistan cement sales expected to rise 22%
Pakistan cement sales are expected to post a 22 per cent YoY growth for January 2018. This translates to an increase of 3.7Mt from the year-ago period, mainly supported by high local demand, reports The News International. "We attribute this (increase) to higher demand coming from ongoing development projects and housing schemes," said Nabeel Khursheed, an analyst at Topline Securities, in ...
Indian demand to pick up by 2% in FY18
Indian cement demand has been forecast to increase by two per cent in FY18, according to a notice by ICRA. In the first eight months of FY18 cement production grew by 0.6 per cent YoY, to 190Mt from the 188.8Mt reported in the year-ago period. However production declined in the first and second quarter of FY18 when compared to FY17, falling 3.3 per cent and 0.4 per cent respectively, reports T...
Foreign currency shortage leaves Sino Zimbabwe short of cement bags
Sino Zimbabwe Cement company has a foreign currency shortage problem that has left it short of funds to pay for cement packaging material, reports the Zimbabwe chronicle. The Gweri-based cement producer has been pledged foreign currency allocations as a priority by the central bank to enable it to buy raw materials for cement production, but with demand for cement rising so quickly that ther...
Plans for new plant in Kyrgyzstan
A new cement plant is to be constructed in Jalal-Abad, Kyrgyzstan. The facility is part of a wave of new investments in the country this year, which is expected to total US$2bn. The project itself represents an investment of US$140m by Chinese investors, according to Central Asia News. The plant is expected to complete the construction stage within two years, and have a capacity of 1.3Mta. Cu...
Leading cement companies form the GCCA
Nine leading companies in the cement sector have launched the Global Cement & Concrete Association (GCCA). The founding members are Cemex, CNBM, CRH, Dangote, Eurocement, HeidelbergCement, LafargeHolcim, Taiheiyo and Votorantim. The GCCA has been created to develop and strengthen the industry’s contribution to sustainable construction, according to a press release. In order to achieve thi...
Vietnam produces 7.2Mt of cement in January
Vietnam is likely to have produced 7.2Mt of cement in January, which fell 5.8 per cent from December 2017 but rose 29.7 per cent from a year earlier, according to latest data from the government-run General Statistics Office. In 2017, Vietnam made 85.4Mt of cement, including 7.6Mt in December, according to the revised figure. The country now has 82 cement production lines with a combine...
Sinoma requires project finance for Phase III of Thanh Thang
Sinoma International Engineering Co Ltd is seeking project finance from international financial institutions to build the third phase of a 6000tpd Thanh Thang project in Ha Nam province, Vietnam, Inside International Industrials quotes the company’s General Manager, Mr Chen. The estimated total project investment is US$220m. Sinoma signed the EPC contract with Thanh Thang Cement Group in May...
Uzbekistan cement manufacturers to sell at fixed prices
Uzbekistan’s cement manufacturers plan to open points of sale at fixed prices to customers, in the hope that this will prevent speculation in the market. Qizilqumsement JSC and Bekabadcement JSC have already begun this initiative, according to Trend News. The points of sale are expected to open in all major cities and districts of the country. The cost of cement in the country varies betwee...
Ghana's cement manufacturers suggest policy to consume surplus
Cement companies in Ghana have appealed to the government to act upon a policy that would ensure all future roads in the country are constructed out of concrete, reports Modern Ghana. A member of the Cement Monitoring Committee (CMC) stated that President Akufo Addo had mentioned the possibility of such a scheme in the past. Manufacturers insist that the proposal would help the country cons...