Cement News tagged: International
Pakistan: cement export volumes down by almost one-third in 6MFY15-16
Pakistan recorded a marked fall in exports over the first six months of the current fiscal, largely on the back of weaker demand and increased competition. Export revenues were down by 36.54 per cent YoY during the July-December period (ie, 6MFY15-16) to US$170.46m, according to data from Pakistan Bureau of Statistics. Export volumes fell by 32.79 per cent YoY to 3.079Mt. In December 201...
PCA: low crude prices impact oil well cement consumption
With oil prices having declined dramatically since mid-2014 due to a combination of global supply and demand issues, the implications for the US economy, as well as for cement consumption have been significant, writes the PCA. It cautions that if oil prices stay near US$30/bbl or lower several consequences to cement consumption could arise that would impact the fall forecast projections. Giv...
Domestic sales drive Pakistan dispatch growth
Pakistan cement dispatches increased by 6.38 per cent to 21.3Mt in the first seven months of the current fiscal compared to 20Mt in the corresponding period of FY14-15, according to the All Pakistan Cement Manufacturers Association. The increase is attributed to robust growth in domestic dispatches, which rose by 15 per cent YoY to 17.9Mt. Exports, on the other hand, declined by almost a qua...
Saudi Cement Co to temporarily halt Kiln Line 6
Saudi Cement Co has decided to temporarily stop kiln 6, which has a capacity of 3500tpd, until domestic market conditions improve, including the lifting of the export ban. The company during a board meeting on 4 February discussed the current market conditions and continuation of export ban, which has led to a rise in clinker inventory to high levels. Since Kiln Line 6's output would hav...
Akmenes posts decline in 2015 revenue
Lithuania's sole cement manufacturer Akmenes Cementas posted a decline of around six per cent in 2015 revenue to EUR55.4m from EUR59.2m a year earlier. Nearly 50 per cent of revenue derived from exports, mainly to Poland, Scandinavia and Russia's exclave of Kaliningrad, the Verslo Zinios business daily reported on Friday. “Cement consumption more or less reflects the situation in the Lithu...
Argentina monthly demand down 7.5 per cent YoY
Argentina’s cement demand fell 7.5 per cent YoY and eight per cent MoM to 858,453t in January 2016, according to figures published by AFCP, the country’s cement association. Exports plunged by nearly 74 per cent YoY from 16,589t in January 2015 to 4334t, the data also showed.
US November shipments up 12.4%
Total shipments of Portland and blended cement in the United States and Puerto Rico in November 2015 were about 7.3Mt, up by 12.4 per cent from the level in November 2014, according to the latest data from the US Geological Survey. Shipments for the year through November totalled 84.9Mt, up by 3.4 per cent from the same period in 2014. The leading producing states for Portland and blended c...
Armenia: Hrazdan Cement expected to increase output
Hrazdan Cement, located in Armenia’s central Kotayk province, is expected to increase output up to 200,000t, the country’s Minister of Economy Karen Chshmarityan, has said. Chshamrityan said in 2015 the plant produced about 80,000t of cement, the bulk of which was exported, Arka news agency reported. In 2015 autumn the company paid AMD150m of taxes and repaid wage arrears to the tune of AMD18...
Philippines: double-digit rise in cement sales
Cement sales in the Philippines increased by a strong 14.4 per cent YoY in 2015 to 24.36Mt, according to figures by the Cement Manufacturers' Association of the Philippines (CeMAP). CeMAP president Ernesto Ordoñez said the increased sales was brought about by the large budget by Public Works Department for infrastructure development, private sector confidence in government and new housing p...
CRH and Dalmia expected to bid for Jaiprakash assets
CRH and India's Dalmia Cement are likely to submit separate bids next month for the cement business of Indian infrastructure builder Jaiprakash Associates, two sources with direct knowledge told Reuters. The deal is likely to be worth about US$3bn, which is the total debt linked to the cement business, the sources said, adding that binding bids were due next month. Others possible bidders inc...
Turkmenistan looks to increase production capacity
President of Turkmenistan, Gurbanguly Berdimuhammadov, has called on relevant government ministers to consider possibilities of increasing cement production in the country, the Turkmen Altyn Asyr TV channel reported. The move is expected to see the construction of mini cement plants in the country, with the head of the Turkmen state saying that the private sector should be provided with the n...
Uptick in Indian demand expected from next fiscal
Cement demand in India is likely to see an uptick in the next financial year starting 1 April on expected pick-up in construction and housing activity as well as improvement in rural demand, says Reliance Securities. Though demand improved in January, pricing remained dismal due to oversupply and the attempt by new entrants to increase market share, the brokerage adds. But that should slow...
Kenya: Bamburi railway supply boost
Bamburi Cement says it has earned KES1bn (US$9.8m) from supply of cement to the standard gauge railway (SGR) contractor, China Road and Bridges Corp (CRBC) according to a report by the Business Daily (Kenya). The cement maker is among local firms contracted by a Chinese contractor to supply materials for the KES327bn project. Bamburi said in an interview that it has supplied 300,000t of cem...
Colombia: dispatches up 12.5% in December 2015
Cement deliveries in Colombia rose by 12.5 per cent YoY to 1.107Mt in December 2015, according to the latest data by the country’s statistics office, DANE. Construction companies and contractors mainly fuelled the increase as their segment expanded by 27.9 per cent. Grey cement production reached 1.210Mt, up 7.2 per cent when compared with December 2014. Domestic deliveries increased by...
Lucky Cement not to proceed with court challenge
Lucky Cement has decided to drop its South African court challenge regarding the imposition of anti-dumping duties by the International Trade Administration Commission (Itac) on Portland cement imports originating from Pakistan. The company said it had instead decided to put its faith in the Pakistan government's approach to the World Trade Organisation (WTO) to challenge and revoke the anti...
CPA: construction fundamentals remain positive
UK construction output was marginally weaker in the final three months of 2015, but the Construction Products Association (CPA) believes the key fundamentals remain positive. On 28 January the UK's Office of National Statistics reported that GDP rose by 0.5 per cent. Within this, construction output was down by 0.1 per cent, its second consecutive quarterly fall following the third quarter’...