Cement News tagged: International
Local cement dispatch faces barrier in Pakistan
Pakistan cement industry is still persisting with the dispatch issue in the local market. The All Pakistan Cement Dealers Association (APCDA) is reluctant to lift the cement cargoes from cement plants across country on the pretext of intruding tax measures announced in federal budget 2019-20. However, All Pakistan Cement Manufacturers Association (APCMA) neither highlighted this issue nor an...
Chile’s cement sales up 6% in May
Cement dispatches in Chile slipped 0.9 per cent MoM to 345,001t in May 2019, according to the Chilean Chamber of Construction (CChC). However, this represents a YoY increase of 6.4 per cent to 324,236t. In the first five months of 2019, total dispatches increased 7.9 per cent to 1.773Mt when compared with 5M18 when dispatches were 1.643Mt.
Protests in Nicaragua affect cement sector
Demonstrations against Daniel Ortega, president of Nicaragua, which began in April 2018, have reportedly had a negative impact on the country’s economy, according to Reuters. Cemex Latam Holdings has reported that its Nicaraguan business has suffered from a downturn in the construction sector, which contracted 21 per cent in 2018. "The crisis remains unresolved and continues to affect eco...
CG Cement plans new plant in Sri Lanka
Nepal’s CG Cement has announced plans to invest US$150m to set up a new plant in Mannar, Sri Lanka. According to Binod Chaudhary, owner of the company, it has already received approval for the project. "I have got the green light from the government and we have already identified several limestone deposits in the province to make cement locally," said Mr Chaudhary. "Currently Sri Lanka import...
Panama improves cement quality requirements and standards
Panama’s Minister of Trade and Industry, Ramón Martínez, signed two ministerial resolutions aimed at improving the requirements and standards of cement quality, both for domestic and imported cement. The new technical standard DGNTI-COPANIT 5-2019 of building, building materials, hydraulic cement sets out the chemical, physical and performance requirements of general and specialised cements,...
Cement demand in Spain down 3% in June
Cement consumption in Spain fell 2.9 per cent to 1.2Mt in June 2019, the first drop in monthly demand since November 2018. The drop has been attributed to a slow public works sector Despite the positive evolution of housing, the non-reactivation of public works and the delay of the work already tendered is slowing the growth of cement consumption," said Oficemen President, Jesus Ortiz. Cemen...
Construction starts on new 1.5Mta Uzbek plant
Construction of a new cement plant in Yanguikurgan district in Namangan region of Uzbekistan has been started. The works has a capacity of 1.5Mta and is built on a 40ha plot. Total cost of the investment is US$105m, of which Chinese investors contribute US$90m. The facility is scheduled to be completed by the end of 2020 and will provide 700 new jobs.
Vietnamese cement sector to reach 115Mta of capacity in 2020
Vietnam is expected to have 89 cement production lines and a total capacity of 115Mta in 2020, according to the Vietnam National Union of Building Workers. In 2019 two additional lines are scheduled to begin operations. Nam Dong will commission a 1.8Mta unit in Thua Thien-Hue province and Thanh Thang Cement is expected to start up its 2.3Mta third line in northern Ha Nam province. A further...
China’s cement industry sees CNY80bn profit in 1H19
China’s cement industry in the first half of 2019 saw profits advance by 20 per cent to CNY80bn (US$11.6bn), according to China Securities Journal. Cement output increased 6.8 per cent YoY to 1.05bnt in the January-June period, the highest growth rate in the last five years, as shown by data of the National Bureau of Statistics. The cement market expansion has been attributed to real estate...
Pakistan attracts lesser FDI in FY19
Pakistan received a net foreign direct investment (FDI) of US$1.737bn in last financial year, FY18-19 compared to US$3.471bn in July-June 2017-18. This translates a fall of 50 per cent foreign direct investment in the country industrial sector, including construction and cements industry, says a report of State Bank of Pakistan (SBP). A breakdown of SBP data shows that the net total FDI in t...
Spanish cement market expands 7% in May
Cement consumption in Spain increased 6.6 per cent YoY in May, reaching 1,333,698t, according to Oficemen. In the first five months of 2019, demand for cement advanced 13.7 per cent YoY when compared with the 5M18. "The improvement in the percentage of annual growth in this first part of the year is the result of the positive evolution of housing, which in the last 12 months has grown by 25 ...
Ex-works cement price stable in El Salvador, retail price sees modest slip
The price of a 42.5kg bag of cement, ex-works in El Salvador remained stable in May 2019 at $7.57 when compared with the previous month, according to the Salvadoran construction chamber, CASALCO. Retail prices slipped slightly to $8.42/bag (including 13 per cent VAT), down from $8.44/bag in April 2019.
Pakistan cement distributors to decide action plan
Dispatches from cement plants are still facing unrest in Pakistan. The government's new tax policy has been opposed and has led to continue the continued protests since 1 July. The All Pakistan Cement Distributors Association (APCDA) has supported the action following the government's introduction of new tax measures in the federal budget 2019-20. To move forward, APCDA has called a of the a...
Peru’s cement consumption up 4% in June
The Peruvian cement market expanded by 4.1 per cent YoY to 0.914Mt in June, according to Asocem, the country’s cement association. However, MoM demand fell by 4.8 per cent. Cement dispatches in Peru increased four per cent YoY to 0.906Mt in June 2019. Of this total, Asocem members supplied 0.807Mt while a further 0.099Mt was delivered by non-members. Cement imports were up 46.1 per cent Y...
New tax bill proposed for cement sales in Costa Rican province
Oscar Cascante, a deputy of Costa Rica’s PUSC party, is reportedly pushing for legislation that will see a five per cent sales tax on Cementos Fortaleza, a relatively new player in the country’s cement production sector. The company inaugurated its plant in Esparza, Puntarenas province, 10 months ago. Current legislation states that cement firms must pay five per cent tax on the price of ev...
Cambodian cement demand expected to rise
Cambodia's construction sector is seeing demand for cement and brick rise by some 10 per cent in 1H19 and cement producers are forecasting a strong 2H19. Chip Mong INSEE Cement Corp has increased its cement supply by 10 per cent compared to the 1H18 said Tieng Vichea, the company's public and government relations manager. However, cement producers have not driven through large price increases...