Cement News tagged: International
Pakistan: August cement dispatches rise
Pakistan's cement dispatches in August 2016 stood at 3.585Mt, 16.75 per cent higher than dispatches of 3.071Mt recorded during the same month of previous fiscal year, according to the data released by the All Pakistan Cement Manufacturers Association (APCMA). Domestic sales during August 2016 were 3.028Mt against 2.5Mt in August 2015, a growth of 20.92 per cent. Cement sales in the north w...
DRC cement consumption around 40kg/capita
Cement consumption in the Democratic Republic of Congo is currently around 40kg per capita, according to Jean Bamanisa Saidi, president of the RDC Concrete Expo 2016, which is currently being held in the country’s capital Kinshasa. He added that new companies in Kongo Central will increase cement production in 2017, enabling the supply of cement equivalent to 100kg per capita as production i...
Argentina reports upturn in cement demand in August
Cement dispatches in Argentina increased by 6.7 per cent YoY in August, according to preliminary figures published by the Argentine cement association, AFCP. The domestic market required the supply of 1,042,862t, up from 977,469t in August 2015. Argentine output was supplemented by 1.366Mt of imports, unlike the same period of the previous year when no imports entered the country. Exports...
US cement shipments for June reach 9.2Mt
Total shipments of Portland and blended cement in the United States and Puerto Rico in June 2016 were about 9.2Mt, up by 2.7 per cent from sales in June 2015, reports the US Geological Survey. The leading cement-consuming states (Texas, California, Florida, Illinois, and Ohio, in descending order) received about 35.7 per cent of the June shipments. Sales for January through June totalled 43....
Pakistan’s cement production to grow by 10.12% in FY16
Pakistan’s cement industry produced 35.44Mt of cement during July 2015-June 2016 compared to 32.18Mt of cement in corresponding period in the previous rolling year. This translates double-digit growth of 10.12 per cent. According to Pakistan Bureau of Statistics, in June 2016 alone, the country produced 2.991Mt of cement, up by 3.67 per cent YoY. While commenting on the progress of ceme...
SDIC new projects in Indonesia
State Development & Investment Corp (SDIC), China’s largest State-owned investment holding company by fund volume, has plans to expand its investment portfolio over the next five years, from cement factories to power plants, nickel ore mines and ports in Indonesia. The company recently began construction of the first phase of a new cement plant in West Papua last week, a 16-month project wh...
Pakistan: cement sales climb to 4.9Mt
For the first two months of the current fiscal year (July-August 2016) Pakistan's total cement dispatches increased 14 per cent to 4.9Mt when compared to the 4.3Mt recorded in the same period last year. The increase is a result of growing domestic sales, which in August rose by 21 per cent YoY to 3.03Mt, up from 2.5Mt. In particular, cement sales in the north of the country performed extrem...
Banco Santander: positive outlook for Mexican cement companies
Banco Santander analysts have upgraded their forecast on share prices of two key Mexican cement producers. The bank expects the company’s share price to rise 8.5 per cent in the next 12 months to MXN17.10/share. For Elementia, the share price would advance by 24.5 per cent in 2017 to MXN28/share. The bank said the share price increases were supported by a rise in cement prices by the compani...
Russia: Mordovcement to invest 1.2bn
Head of Eurocement Group, Mikhail Skorokhod, announced that Mordovcement has plans to invest RUB1.2bn (US$18.5m) over the next 18 months in development projects. RUB250m will be allocated to the development of a new quarry, which is set to commence preparation in 2017.
Ghana: limited 0.3% volume growth in 1Q16
Higher levels of infrastructure investment in the coming months should help Ghana’s construction industry rally after a slow start to 2016, although rising costs risk squeezing profit margins. The industry grew by only 0.1 per cent QoQ and by just 0.3 per cent YoY in the first quarter of the 2016, well below the annualised GDP increase of 4.9 per cent, according to data released by the Ghana...
Russia: new general director appointed at Mordovcement
Karel Okleshtek has been appointed the new general director of the Mordovcement plant (included in Eurocement Group). Previously, he headed a plant of the international group Heidelberg Cement.
India: Assam cement companies bring down prices
Following an initial reluctance, cement companies in Assam, India, have started to lower cement prices, according to reports in The Telegraph. Cement producers including TopCem Cement, Star Cement and Dalmia Cement announced a price reduction of INR25-35/bag in the Indian state. There had been protests by organisations like the Krishak Mukti Sangram Samiti (KMSS) after the companies re...
Nigeria: cement price rise will impact house building
Cement dealers in Umuahia have spoken out against the rise in the retail price of cement, which have been raised by almost 50 per cent recently. The hike was caused by the high foreign exchange rate with NGN420 (US$1.33) exchanging for one dollar. It is argued by the deladers that the government should give concession to cement manufacturers, reports the News Agency of Nigeria (NAN). The d...
Indian cement producers to appeal CCI fines
LafargeHolcim, India Cements and Ramco Cements have said that they will appeal against yesterday’s ruling by the Competition Commission of India (CCI) which levied fines totalling INR67bn (US$1bn) against 11 firms, the Press Trust of India reports. Four of the other affected companies – UltraTech, Shree Cement, Jaiprakash Associates and JK Cement – have said they will seek legal advice and ...
Competition Commission of India imposes US$944m fine for cartelisation
The Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competition law. In addition, the Cement Manufacturers Association has been ordered to pay a INR7.3m fine. Of the 10 companies, four – Jaiprakash Associates, UltraTech, Ambuja Cements and ACC – will bear the brunt of the pe...
Australia: Adelaide Brighton sees power bill rise by US$2.2m
The price spike in July added around AUD3m (US$2.26m) to Adelaide Brighton's power bill, mainly attributed to operations at its Birkenhead plant. This surge in costs led the company to temporarily scale back its production and increase the use of imported product. Managing Director, Martin Brydon, commented on how the company had the capacity to turn off its grinding process at the times of...