Cement News tagged: International
Pakistan Stock Exchange crashes but cement script sustained
The Pakistan Stock Exchange (PSX) plummeted Monday morning due to the crash in crude oil prices and the fear of the global spread of coronavirus. The PSX lost more than 2100 points in 100 index of stock across the board as all scripts were down, including cement industry. However, later the investors realised that fall in crude prices would not impact the cement industry, they have resumed fre...
Bangladesh suspends coal discharge in fear of coronavirus
Bangladesh has suspended offloading of imported coal from a foreign flag vessel due to suspicion of coronavirus in crew, at Mongla port in southern Bangladesh last week. According to theport authority the offloading of coal from bulk carrier Serenitas N was stopped on at berth number H- 3 of Mongla Port on 5 March as three sailors of the vessel were taken into an isolation ward for having a...
Tourah Portland Cement posts net loss in 2019
Egypt’s Tourah Portland Cement has posted a net loss of EGP617.25m (US$39.3m) in 2019, compared with an EGP36.09m profit in the previous year. Total sales also declined 51.7 per cent YoY to EGP531.75m from EGP1.1bn. The company’s board of directors has reportedly stated that it has been one of the worst years for the industry due to higher supply, stronger competition and lower demand.
Puerto Rican cement demand drops 20% in January 2020
Cement sales in Puerto Rico declined 20.4 per cent YoY to 36,255t. The drop in demand was attributed to falling levels of construction after Hurricane Maria as government funds and insurance payment finish, according to Sin Comillas. Cement production in January dropped 17.1 per cent to 35,176t, the first reduction in three months. In 2018 full-year output declined 6.7 per cent YoY to 524,44...
The GCCA celebrates International Women's Day
The Global Cement and Concrete Association (GCCA) and its member companies around the world marked International Women’s Day (IWD) promoting the IWD theme that is drawn from the notion of ‘Collective Individualism’ with #EachforEqual trending on social media. Building on last year's launch of the 'Global Cement and Concrete Industry Women's Network', the group is now launching a network of 'L...
Argentine cement market contracts 25% in February
Cement demand in Argentina fell 25.4 per cent YoY ad 7.9 per cent MoM to 686,671t in February 2020, according to AFCP, the domestic cement association. There were no imports as domestic cement producers were able to meet the entire volume required by the market. Cement producers manufactured 695,045t of cement with 8374t shipped for export in February 2020. The production volume fell 25.2 pe...
Kenyan producers oppose National Cement's call for clinker import duty rise
National Cement Co of Kenya has struck out on its own in asking for an increase on clinker import duty from 10 to 25 per cent. Bamburi Cement, East Africa Portland Cement VCO and Savannah Cement have oppossed the increase suggested by National Cement Chairman, Narendra Raval, at a meeting in Nairobi with the Kenyan Association of Manufacturers (KAM). However, the association the manufacturer...
Colombian cement market expands 9% in January
Cement dispatches in Colombia increased by 8.5 per cent YoY to 995,400t in January 2020 from 917,100t in January 2019, according the country’s statistics office, DANE. Shipments to the retail segment advanced by 12.1 per cent YoY while construction companies and contractors increased their offtake by 3.9 per cent in 1M20. However, there was a decline in ready-mix companies and pre-manufactur...
Chilean cement market contracts 2% in 1M20
Cement dispatches in Chile slipped two per cent YoY in January 2020. Deliveries fell to 331,783t in the first month of the year from 350,122t in January 2019, according to the Chilean construction chamber, CChC. Dispatches in 2019 rose 2.2 per cent YoY to 4,081,896t when compared with 3,992,501t in 2018.
Cement dispatches record growth in Feb/8MFY20
All Pakistan Cement Manufacturers' Association (APCMA) has issued dispatches data for the month of February and 8M cumulative data for July 2019-February 2020. The country's cement sector posted growth of 33.9 per cent in February 2020 and 10 per cent in 8MFY19-20. In February total dispatches increased to 4.489Mt, an increase of 33.9 per cent from 3.352Mt in the same month last year. Out of ...
Raysut Cement joins WCA
The World Cement Association has further expanded its international network of members by welcoming Raysut Cement Co (RCC) as a new Corporate Member. Founded in 1981, Raysut Cement Company is headquartered in Salalah, Oman, and is the largest producer of cement in Oman with clinker and cement manufacturing assets in Oman, Yemen, UAE and recently acquired LafargeHolcim Maldives. With a total p...
Cement demand in Vietnam falls 37% in January
Demand for cement in Vietnam in January 2020 saw a 37 per cent YoY decline to 2,879,347t, according to the Vietnam National Cement Association (VNCA). Domestic sales by VICEM fell 43 per cent YoY to 903,383t while its associates saw a 36 per cent YoY drop to 756,964t. Sales of other cement producers decreased 32 per cent to 1,210,000t in the same period. In addition, there was a reduction ...
Belarusian Cement Co plans to increase exports to Poland
Belarusian Cement Co (BCC) opened a representative office in Poland earlier this year in anticipation of higher exports to central Europe. "Our company opened a representative office in Poland early this year due to increased demand for Belarusian cement in eastern and central Europe in 2019. This move has improved supply logistics. European, Polish, German and other partners have an opport...
Peruvian cement consumption increases 2% in January 2020
Peru’s cement market expanded 2.1 per cent YoY to 946,000t in January 2020 from 927,000 in the year-ago period, according to the country’s cement association, Asocem. In the prior 12 months (including January 2020) consumption rose by 4.7 per cent YoY to 11.728Mt. In January 2020 domestic cement production increased three per cent YoY but fell 9.4 per cent MoM to 830,000t while in terms of c...
Chile's cement dispatches edge up 2% in 2019
Chilean cement dispatches fell by 8.3 per cent YoY to 338,720t in December 2019 from 369,291t in December 2018, according to the Chilean cement and construction chamber, ChCC. MoM there was a much more modest drop of 0.9 per cent. Deliveries in the full-year of 2019 edged up 2.2 per cent to 4,081,896t when compared with full-year volumes of 3,992,501t in 2018.
Cement consumption in Brazil slips 1% in January 2020
Cement sales in Brazil slipped 0.9 per cent YoY to 4.5Mt in January 2020, according to the country’s cement association, SNIC. Apparent cement consumption, which includes imports and domestic sales, totalled 4.5Mt, representing a 1.3 per cent decline when compared with January 2019. SNIC attributes the marginal drop to poor performance in the north, where sales contracted 4.8 per cent YoY, a...