Cement News tagged: International
Pakistani producers to expand cement capacities
In a cement sector update, MS Research has stated that four companies in Pakistan are expected to add extra capacity in FY22-23, lifting the current 70Mta of capacity by 11.7Mta by end March 2023. According to market sources and company announcements, Bestway Cement’ s (BWCL) greenfield expansion of 2.2Mta in Mianwali, Punjab, and Fauji Cement’ s (FCCL) 2Mta brownfield expansion in Nizamp...
GCC market to expand at a CAGR of 6% in 2022-32
The Gulf Corporation Council (GCC) cement market is predicted to grow at a CAGR of six per cent between 2022 and 2032, according to a report by Future Market Insights. Demand for cement by the end of the period is expected to reach a value of US$12,651m. Much of this growth is forecast to come from the residential sector on the back of population growth, along with public infrastructure and...
Study aids decarbonisation plans in emerging markets
A recent study into how cement is used in emerging markets has revealed a number of trends with key implications for the decarbonisation of the cement industry. The study, titled ‘Paving the way for a better future’, was carried out by the Concrete Action for Climate initiative of the Mission Possible Partnership, co-led by the Global Cement and Concrete Association (GCCA), the World Econom...
Peru's cement dispatches decline 1% in September
Cement dispatches in Peru slipped one per cent to 1.229Mt in September 2022 from 1.235Mt in September 2021, according to the country’s cement association, Asocem. Of this total, Asocem members supplied 1.17Mt. Cement production in September 2022 increased four per cent YoY to 1.19Mt from 1.145Mt in September 2021. Clinker production declined eight per cent YoY to 0.831Mt from 0.901Mt over th...
August dispatches in Chile fall 19%
Cement deliveries in Chile saw a 19.4 per cent drop in August 2022 to 299,855t, compared to 371,947t in August 2021, according to the Chilean Chamber of Construction (CChC). In the first eight months of 2022, dispatches were down 11.5 per cent YoY to 2,549,139t versus 2,879,749t in the 8M21.
Morocco sees deliveries decline 16% in September
Members of Morocco’s cement association, APC, have seen their total cement deliveries decrease by 15.8 per cent to 1,174,683t in September 2022, according to IPSOS data. In September 2021 deliveries reached 1,395,542t. In the January-September 2022 deliveries declined by 8.3 per cent YoY to 9.383Mt from 10.237Mt in the 9M21. APC members supplying delivery data include Asment de Temara , ...
Brazil's cement market contracts in September
Brazilian total cement sales declined by 3.8 per cent YoY to 5.5Mt, according to the country’s cement association, SNIC. Per working day, sales fell by 3.5 per cent YoY to 238,000t. Within Brazil sales reached 5.483Mt, down 3.5 per cent YoY, in September 2022. The country’s second-largest market, the northeast, saw the largest fall with sales down six per cent to 1.098Mt in September 2022 fro...
Argentina’s cement consumption up 9% in September
Argentina’s cement market expanded 9.2 per cent YoY but contracted 1.1 per cent MoM to 1,212,814t in September 2022, according to the country’s cement association, AFCP. Domestic producers manufactured 1,217,796t of cement, up 8.6 per cent YoY but down 1.1 per cent MoM. Of this total, 4982t were exported, representing a 53.2 per cent drop from September 2021 when the country exported 10,653t...
WCA annual conference prompts MENA region to decarbonise
The fifth World Cement Association (WCA) annual conference took place between the 25-28 September in Dubai, UAE, allowing industry leaders and stakeholders to have an open discussion and honest assessment of the biggest challenges that the cement industry faces. This year’s theme focussed on Navigating the Climate Challenge: Reducing Carbon and Reducing Costs but many concluded that the ...
Indian cement sector profitability to reach new highs in FY25
India's cement sector profitability (EBITDA/t) may bottom out by the 2QFY23 before reaching new highs by FY25, according to Antique Research (AR). The Indian stockbroking company cites in its latest report that companies in its coverage will see EBITDA/t rise from INR970/t (US$11.77/t) in FY23e to INR1320/t in the FY25e. Declining fuel costs by around 30 per cent from the peak, improved de...
Cemtech industry conference: Cembureau warns that EU ETS costs risk carbon leakage
The European cement industry is facing increased costs imposed by the EU Emissions Trading System (ETS), which is creating a competitive disadvantage with countries outside of the region. Isidoro Miranda, president of CEMBUREAU, warns of increasing production costs due to the EU ETS during his presentation at Cemtech Europe “Today the EU industry is paying EUR8/t more to p...
Unprecedented fall in global cement output
The biggest fall in worldwide cement production in two decades has been recorded, according to the World Cement Association (WCA). The WCA reports that global cement output fell eight per cent YoY to 1.9bnt in the first six months of 2022. The fall was caused by a 15 per cent drop in output to 977Mt in the volume of cement produced in China, the WCA said. Ian Riley, WCA chief executive, sa...
Italy's cement output contracts 13% in July
Cement production in Italy fell by 13 per cent YoY in July 2021, according to the country’s construction chamber, Federbeton. When compared with the 2015 base index production the value increased from 94 in June 2022 to 100 in July. The price index (2015 = 100) recovered from 184 in June to 190 in July, but when compared with July 2021, prices saw a 53 per cent increase. Grey cement imports...
Colombian grey cement market expands 8% in August
Grey cement consumption in Colombia grew by 8.4 per cent YoY in August 2022 to 1.19Mt from 1.098Mt, according to the country’s statistics office, DANE. Of this total, bulk shipments were up 12.2 per cent while bagged cement saw a 6.6 per cent increase. Ready-mix concrete companies increased their off-take by 20.9 per cent while sales by the retail segment were up 6.8 per cent YoY in August 202...
Chinese cement producers welcome construction boost
Manufacturing activity in China has returned to growth with the country’s purchasing managers’ index for the manufacturing sector coming in at 50.1 in September, compared to 49.4 in the previous month, according to the National Bureau of Statistics. Any reading above 50 indicates expansion. The growth comes on the back of an easing of COVID-19 restrictions, recovering domestic demand and a pac...
Cement demand getting back on track, says India Cements
Despite the ongoing ressures from rising fuel, power and logistics costs, growing construction activity is expected to put cement demand in India back on track, according to Mr N Srinivasan, vice chairman and managing director of The India Cements Ltd . India is forecast to be the fastest-growing economy going forward with GDP predicted to improve by 7.2-7.4 per cent in 2022-23, reports the F...