Cement News tagged: International
Vietnam's cement exports rise 4% in 5M19
Vietnam exported 13.82Mt of cement worth US$589.95m in the 5M19, an increase of four per cent YoY in volume and 23.2 per cent in value, according to the General Department of Vietnam Customs. The country’s cement exports are expected to hit a target of 25Mt in 2019. Elsewhere, Nguyen Van Cung, chairman of Vietnam Cement Association (VNCA), has stated that the country’s domestic industry requi...
Economic Survey encompasses cement industry performance in 9MFY19
Pakistan's government has released its economic survey for 2018-19. Reviewing the performance of the country's industrial sector including cement during 9MFY19, the survey reported that provisional growth in industrial sector has been estimated at only 1.4 per cent, mainly due to the decline by 2.1 per cent in the large-scale manufacturing sector and by nearly two per cent in mining and quarry...
Buzzi Unicem reports fire at Stockertown plant
Buzzi Unicem USA reported a fire at its Hercules facility in Stockertown, Pennsylvania, last Friday night. Crews of firefighters from local departments were called to the scene and arrived to see flames on the third-floor platform of the preheater tower. The firefighters pulled water from a nearby creek to put out the fire, which was reportedly under control after two hours. The fire was con...
Puerto Rican sales decline 11% in May
Puerto Rican cement sales fell 11.1 per cent YoY to 1.21m bags, or 51,425t, in May, following a 13.9 per cent drop in April. Output from local cement plants was off by one third to 1m bags (42,500t). The May data represent the fourth-consecutive monthly decline since sales started to fall in February, reversing their 13-month climb, according to Sin Comillas. Total demand (including imports)...
Eurocement provides update on Akhangarancement
Mikhail Skorokhod, president of Russia's Eurocement group, has provided an update on the company’s Akhangarancement project to the President of Uzbekistan, Shavkat Mirziyoyev. The plans will see a group of industrial projects developed in Akhangaran, Uzbekistan. "The result of the cluster will be a production complex with an annual capacity of 5Mt of cement, 144,000m 3 of ready-mixed concr...
Key risks to near-term oil price
Global oil demand is growing at its weakest rate since 2012 while global oil supply disruptions continue to be at their highest levels in almost 30 years, according to Bank of America Merrill Lynch (BoAML). Key risks to the oil price remain with US trade wars and tensions with Iran affecting demand and supply, respectively. In addition, the bank also highlights the “ultimate ultra-bearish scen...
Kinshasa cement price declines 19%
The price of grey cement in Kinshasa, Democratic Republic of Congo, has fallen by 19.4 per cent to CDF13,300 (US$8.07) currently from CDF16,500/50kg bag in April, according to the Congolese press agency, ACP. The price drop has been attributed to supply currently exceeding demand. However, in the east of the country the supply of cement is significantly lower with only two plants in operation...
Argentine market expands 4% in May
Argentina’s cement consumption advanced 4.3 per cent YoY to 964,762t in May 2019 from 924,211t in May 2018, according to the latest data by the country’s cement association, AFCP. Market demand was entirely met by domestic production in May 2019, unlike in the year-ago period when 554t was imported. In addition, cement producers in Argentina exported 8891t of cement, up 49 per cent YoY. J...
Salvadorian cement demand surges 28% in 11M18
Apparent cement consumption in El Salvador has increased by 28 per cent in the January-November 2018 period to 27,314,750 bags of 42.5kg, or 1,160,877t, when compared with 21,802,300 bags or 926,598t in the 11M17, according to the country’s construction chamber, CASALCO. The latest increase represents the fifth-consecutive 11M rise since 2014. The rise comes on the back of construction activ...
Colombian cement market contracts 4% in April
National cement dispatches in Colombia declined 3.9 per cent YoY to 0.991Mt in April 2019 from 1.031Mt in April 2018, according to the country’s national statistics office, DANE. The market of Magdalena noted the largest contraction at 21.6 per cent, followed by Atlántico (-13.5 per cent), Córdoba (-12.6 per cent) and Cundinamarca (-11.1 per cent). Sales in Bogotá declined by 4.9 per cent an...
Cement prices increase in northern Pakistan
Cement manufacturers in the northern region of Pakistan have reportedly increased the price of cement to rationalise their profit margin. As per BMA Capital channel checks, cement prices in the country's northern region have increased by PKR20‐25/bag (US$0.13-0.17), varying between cities. The new price range stands between PKR450‐ 550/bag (US$2.97-3.64). According to analysts at researc...
Bangladesh cement producers look for relief in coming budget
The Bangladesh Association of Construction Industry and Bangladesh Cement Manufacturers Association have submitted their demands for the incorporation in the coming July 2019-June 2020 government budget for the progress of the construction and cement industry. Bangladesh's budget is likely to be presented in Parliament on 13 June 2019. Construction sector representatives and trade bodies hav...
First low-carbon cement production unit in operation
The first plant producing low-carbon cement has started operation at Cuba’s Universidad Central Marta Abreu de Las Villas, according to Opciones. The experimental unit, which is operated by the Geominera del Centro Co, is expected to produce up 7tpd of LC3. Output from the plant will be used in the production of 1m blocks per year for the province of Villa Clara and other markets where Geomi...
Peru’s judicial power ratifies fines for Unacem
Peruvian cement production Unacem and its distributors saw a UIT1614 (PEN6.7m – US$2m) fine imposed by Indecopi in 2014 for anticompetitive practices, ratified by the country’s Third Chamber of Constitutional and Social Transitional Law of the Supreme Court. The supervising body had sanctioned the companies Unacem, La Viga, A Berio & Cia, Manufactures of Commercial and Industrial Steel and ...
Mohir Cement plans new 0.6Mta plant in Tajikistan
Tajikistan’s Mohir Cement Co has announced plans to construct a new 0.6Mta cement plant in Jaloliddin Balkhi district, Khatlon. An estimated US$30m is expected to be spent on construction, according to the company’s draft investment agreement with the government of Tajikistan. All equipment, transport vehicles and materials imported by the investor for the project are reportedly exempt from ...
Vietnamese market contracts 13%, but exports rise in April
Vietnamese cement sales fell by 13 per cent YoY and seven per cent MoM to 6,316,583t in April 2019, according to the Vietnam National Cement Association (VNCA). Of this total VICEM plants sold 2.158Mt, or three per cent less when compared with April 2018. Sales were down eight per cent from 2.338Mt in March 2019. VICEM joint ventures saw their sales slip by four per cent YoY and by eight per...