Cement News tagged: International
Malawi producers increase cement prices
Imported clinker and use of diesel engines to power cement production lines are causing cement manufacturers in Malawi to raise cement prices. A 50kg bag of cement was selling at MKW6600 (US$9.11) a month ago, but now ranges between MKW9000- MKW10,000 (US$12.4-13.8) in Blantyre, representing a 60 per cent price increase. With cement production halted, there is little construction work takin...
BUA Chairman says the cement industry is vital for Nigeria's foreign exchange
Alhaji Abdulsamad Rabiu, chairman of BUA Group, has said that the local cement manufacturers produce over 25Mt cement thus saving the country US$2m annually in foreign exchange. "The most important thing I think is that the cement industry in Nigeria will continue to save Nigeria a lot of foreign exchange. If for example, you look at what we have produced in Nigeria today, maybe 25Mt to 30Mt...
Vietnam 10M18 cement production up 6.5% YoY
Vietnam is estimated to have produced 69Mt of cement in the first 10 months of this year, representing a 6.5 per cent rise YoY, says the government-run General Statistics Office. Domestic cement producers manufactured 8Mt in October. In the first nine months, output from the country’s cement plants reached 61Mt, according to the office’s revised data. In 2016 output reached 78.6Mt.
Red Sea City plan raises Saudi cement firms' share prices
Saudi Arabia’s plan to build an entirely new US$500bn city, Neom, by the Red Sea has breathed life into the country’s beaten-down cement sector. Shares of companies such as Saudi Cement Co, Southern Province Cement Co and Yanbu Cement Co, the country’s biggest by market value, have all risen since the kingdom announced the Neom plan earlier this week, reports Arabian Business. The an...
USA sees 3% rise in July cement shipments
Total shipments of Portland and blended cement in the USA and Puerto Rico rose 3.4 per cent YoY to 8.5Mt in July, according to data by the United States Geological Survey (USGS). The leading producing states were Texas, Missouri, California, Florida and Michigan (in descending order) and these accounted for 42 per cent of July sales. The top-five cement-consuming states were Texas, Cali...
Cemex forecasts 0.5Mt required to restore Mexican earthquake damage
Cemex said on Thursday that reconstruction efforts from two major earthquakes that hit Mexico last month will likely require 500,000t of cement over the next 12 to 18 months. The quakes, which together killed more than 470 people, collapsed dozens of buildings and damaged more than 180,000 homes across the country.
Colombia's cement demand falls 5% in August 2017
Grey cement consumption in Colombia in August 2017 reached 1.033Mt, down 5.2 per cent when compared with August 2016, according to the national statistics office, DANE. Some 68 per cent of volumes, or 702,300t, were delivered in bagged form. The country's cement producers manufactured 1.035Mt of cement in August 2017, which represents a 8.5 per cent YoY decrease. In the year to date, dom...
Shift in Bolivian market due to reduced high-rise construction
The decrease in the construction of high-rise buildings in Bolivia has led to a change in cement sales, according to Fancesa’s Marketing Manager, Marcelo Maranon. Purchases are now carried out in random volumes rather than requiring large-sized deliveries, he said. The markets in La Paz, Santa Cruz and Cochabamba have become saturated with such buildings, shifting the emphasis on smaller pr...
Peru sees 4% rise in cement demand in September
Cement consumption in Peru advanced 3.8 per cent YoY from 0.82Mt in September 2016 to 0.851Mt one year later, according to data from Asocem, the country's cement association. Total dispatches increased 2.9 per cent YoY to 0.884Mt in September 2017 from 0.86Mt in the year-ago period. This includes a 14 per cent drop in cement exports to 33,000t. However, Peru’s cement producers also exported...
Argentina's demand sees 11% rise in 9M17
Argentina’s cement producers delivered 1,121,311t of cement in September 2017, up 12.6 per cent YoY and 0.8 per cent MoM, according to the country’s cement association, AFCP. Domestic supply was complemented by 10,122t of imports, more than doubling the 4900t imported in September 2016 and seeing a 10.1 per cent MoM increase. This resulted in a total market demand of 1,131,433t, up 13 per c...
Xinjiang cement industry returns to profit
The cement industry in Xinjiang province is faced with higher rates of overcapacity than any other part of China, making losses in three consecutive years. However, sector reform is expected to return the industry to profit, according to a government official. Cement makers in Xinjiang have taken on a staged approach to operation, under which they stop production during the winter heating p...
Key equipment for Fancesa line arrives at port
Some 200 large components for the new production line of Bolivian cement producer Fábrica Nacional de Cemento (Fancesa) have arrived at the northern Chilean port of Iquique. From Iquique Terminal Internacional they will be transported to Cal Orcko, near Sucre, where the new 2100tpd line will be built. Commissioning is scheduled for mid-2019. FLSmidth was awarded the contract for the line ...
YTL Corp founder dies
Yeoh Tiong Lay, the founder of and execuitive chairman of group YTL Corp, passed away on Wednesday, the group said in a news release. He was 88 years old. Mr Yeoh founded what was originally a construction company in 1955 and undertook civil works while the country was under British colonial rule before participating in development projects after independence in 1957. He assumed the rol...
Vietnam's cement and clinker consumption rises in 9M17
The total consumption of cement and clinker from Vietnam cement producers grew six per cent to 59.27Mt in the first nine months of this year, reports the Ministry of Construction. Consumption in the domestic market was estimated at 45.28Mt, four per cent higher than the same period last year, including 18.9Mt sold by the Vietnam Cement Industry Corporation. The cement industry also expor...
Cemex, Holcim, Cementos Argos face cartel allegations in Colombia
Cemex, Holcim and Cementos Argos have 20 days to respond to allegations of cartelisation in the Colombia’s cement market. If the evidence against the companies is found conclusive, they could be subject to fines of up to COP70bn (US$23.9m) per infraction. The investigation started in August 2013 when the Superintendency of Industry and Commerce (SIC) opened an investigation and formulated a...
Building materials price rise sees 8% reduction in Mexican public works
The increase in prices of building materials including cement is leading to a reduction of at least eight per cent in infrastructure works planned by Mexico’s Infrastructure Secretariat for next year, according to Ricardo Martînez Terrazas of the Secretriat. However, he said it has a minor impact as it mainly affects the construction of roads with hydraulic cement. “It is only a minor impact...