Cement News tagged: International
Cameroon's Quiferou to produce cement in Central African Republic
Cameroonian company Quiferou has signed on Monday a mining agreement with the government of the Central African Republic (CAR), according to APA. Quifero plans to produce cement at Bomoko, in the southwest of CAR. Quiferou plans to produce 0.35Mta of cement, said Jacquis Pogouya, the company’s CEO. CAR Minister of Mines, Léopold Mboli Fatrane, who signed the agreement, said the agreement...
US-Puerto Rico Portland and blended cement shipments down 1% in March 2018
Total shipments of Portland and blended cement in the USA and Puerto Rico slipped to to 7.42Mt in March 2018 when compared to March 2017, according to the US Geological Survey (USGS). In March 2017 total shipments reached 7.49Mt. The largest state markets were Texas, California, Florida, Georgia and Pennsylvania, in descending order, which accounted of around 46 per cent of domestic demand. ...
New Bangladesh budget offers big projects for cement industry
AMA Muhith, Bangladesh Finance Minister, has presented the government budget for 2018-19 in Parliament announcing a long list of mega projects for the construction of hospitals, school, colleges and other infrastructures that would create huge demand for cement in country. The finance minister said: "The country is targeting 7.8 per cent GDP growth in the new fiscal year against target of...
Argentina’s market demand falls 4% YoY in May
Argentine cement consumption decreased by 4.4 per cent to 924,979t in May 2018, according to AFCP, the country’s cement association. When compared with the previous month, demand contracted by 3.5 per cent from 958,184t in April. Of this total, the domestic industry supplied 924,425t, three per cent less MoM, while imports fell from 5160t in April to 554t as Argentina’s producers recovered ...
Chinese cement industry reaches record monthly profit
The profit of the Chinese cement industry reached a record monthly high of CNY14.7bn (US$2.3bn) in April, according to the China Cement Association. Over the first four months of 2018, profits increased 220 per cent YoY to CNY33.7bn. The profit surge has been attributed to the government scheme to reduce overcapacity in the sector, which has reduced the supply of cement, reports the Xinhua ...
Pakistan records highest capacity utilisation
All Pakistan Cement Manufacturers Association (APCMA) has released data for the month of May, 2018, which showed capacity utilisation between July and May 2018 was at 94.69 per cent – the highest in Pakistan's history since records began. The previous highest capacity utilisation was achieved in 1992-93, it reached 93.62 per cent. May's data also indicated a dip in local dispatches, due t...
Indian cement sector receives new investment
The Indian cement sector is receiving fresh investment as capacity utilisation rates increase, with at least six companies at various stages of announcing or implementing expansion plans, according to the Business Standard. Dalmia Bharat has recently announced plans for 8Mta of new capacity in Odisha, eastern India, at an investment cost of INR37.2bn (US$554.7m). "Looking at the demand f...
April dispatches in Colombia see 14% rise
Deliveries to the Colombian cement market increased 13.9 per cent YoY to 1.025Mt in April 2018, according to the country’s national statistics office, DANE. Antioquia reported a 17.2 per cent rise YoY while in Valle del Cauca and Magdalena, market expansion reached 25.5 and 37.8 per cent, respectively. The Bogotá market remained largely stable while Cundinamarca noted a 3.9 per cent advance...
Senegal cement price sees 10% hike
Cement prices in Senegal have been rising by XOF5000/t (US$8.93/t) in the last fortnight. The ex-works price of 32.5-grade cement has increased from XOF50,800/t to XOF55,800/t while for 42.5-grade product the current ex-works price is XOF60,400/t, up from XOF55,400/t. The price rises have been attributed to a new tax imposed by the Senegalese government. It follows a XOF3000/t price hike i...
Ugandan government calls off plans for imports
Uganda's government has back-tracked on initial plans to call in cement imports because local manufacturers have stablised prices. Yesterday, the Trade, Industry and Cooperatives Ministry Public Relations Officer, Khadijah Nakakande, said that cement prices had fallen and that government would no longer invite external players to import cement. "The cement prices have gone down and we und...
Bangladesh demand to grow 8-10%, but overcapacity to persist
Bangladesh cement demand is expected to grow by 8-10 per cent in the next five years, according to Masud Khan, CEO of Crown Cement Group. Last year cement consumption reached 27.1Mt, significantly below the country’s total cement production capacity of 50.2Mta. Domestic cement companies met around 82 per cent of this demand while imports supplied the balance. Anticipating higher sales d...
Pakistan has eight brownfield cement projects underway
The eight brownfield cement projects with a total capacity of 18.8Mta are at various stages of completion and scheduled to be commissioned between June 2019 and June 2020 at an estimated cost of over PKR159bn (US$1.37bn) in Pakistan, according to a research house report. So far, all the projects have completed, on average, at least 46 per cent of their construction. China-based Sinoma ...
Board appointed for Global Cement and Concrete Association
The 10 founding members of the Global Cement and Concrete Association (GCCA) have met for the Foundation Meeting of the Association and to formally launch the GCCA. The association will focus on global construction challenges and promote leadership in the manufacture and use of cement and concrete. At the event in London, the Chief Executives of leading cement businesses across the world ele...
Fall in Venezuelan output persists as plant improvements suffer delay
Cement production in Venezuela continues to decline with output at the Pertigalete plant of Venezolana de Cementos between 20-30 per cent of its total production capacity. "Production is between 20 per cent and 30 per cent, because only Line 7 is operative, and its conditions are not the best," Luis Chaparro, general secretary of the cement and related products union, explained, adding that...
Moroccan cement consumption contracts 6% in 4M18
Moroccan cement demand has fallen 5.7 per cent in the first four months of 2018, according to the country’s Department of Studies and Financial Forecasts, Ministry of Economy and Finance. The decline in cement sales reflects the moderate decline in April, when sales fell by 2.3 per cent following a 15.1 per cent fall in March. The drop has been attributed to heavy rains.
Pakistan cement likely to face challenges
Pakistan's cement industry is expected to face challenges ahead in view of an increase in production capacity in the north and south, the surging cost of coal prices and a cut in the Public Sector Development Programme (PSDP) in FY18-19. These developments are expected to impact on cement prices as well as capacity utilisation – industry experts anticipate and suggest exports are the only res...