Cement News tagged: International
Brazilian cement sales reach 54.5Mt in 2019
Domestic cement sales in Brazil advanced 1.6 per cent YoY to 4Mt in December 2019, according to the country’s National Cement Industry Union (SNIC). In terms of sales per business day there was a 2.7 per cent YoY rise when compared with 2018. Apparent consumption in December was up 1.5 per cent YoY to 4Mt. For the full-year 2019 sales increased 3.5 per cent YoY to 54.5Mt, “the first positive...
China's 2020 demand growth forecast increases
Nomura has increased its 2020 demand growth forecast for China from three per cent to five per cent following expectations that Beijing will continue to support its property and infrastructure sectors. The Asian financial services company has seen further room for Beijing to loosen its restrictions on property transactions and investment to shore up economic growth. Plans to build new city cl...
Pakistan's cement production remains flat in 4MFY19-20
The Pakistan Federal Bureau of Statistics (PBS) has released the latest data for large-scale manufacturing industries (LSMI) for the period July-October 2019. It posts a negative trend in Pakistan's manufacturing sector during the first four months FY19-20, including the mixed cement production statistics during this production period. The overall output of LSMI decreased by 6.48 per cent for ...
Pakistan's government allocates PK5trn for PSDP programme
Pakistan's cement industry has received a positive news from government, which may accelerate demands for cement in local markets. On the directives of Prime Minister Imran Khan for making the Public Private Partnership Authority (PPPA) fully functional through placement of its rules, the PTI-led government wants to launch PSDP-Plus with portfolio of over PKR5trn (US$32.2bn) for next three yea...
Argentina's cement demand falls 6% in 2019
Argentinian cement sales dropped 6.1 per cent to 11.1Mt in 2019 compared with 11.89Mt in 2018, according to the country’s cement association, AFCP. No cement was imported during the year, while exports increased 23.4 per cent YoY to 100,197t. The falling sales for the year has been attributed to an economic recession and Argentina's currency devaluation. Sales also declined 15.9 per cent YoY...
Gabon cement output jumps 21% in 9M19
Cement production in Gabon has increased by 20.7 per cent in the first nine months of 2019, according to DirectInfosGabon. Output from CIMAF and CimGabon reached 421,356t. Cement sales advanced by 17.7 per cent to 413,604t due to strong local demand, mainly from the self-build sector during the dry season. Cement company revenues were up 15.8 per cent YoY to XAF39.864bn (US$68m).
Costa Rica's Legislative Assembly calls for standardised cement tax
Members of Costa Rica’s Legislative Assembly have called for the government to standardise municipal taxes on both local cement manufacturers and importers. In this case, a new five per cent tax would be imposed on all locally-produced and imported cement. Whereas, at present taxes are only applied on companies operating in San José, Cartago and Guanacaste.
Pakistan's State Bank observes decline in cement production in 1QFY19-20
The State Bank of Pakistan (SBP) has released its first quarterly report on the state of Pakistan's economy for FY19-20, including the performance of the domestic cement sector. According to the report, Pakistan's macroeconomic stabilisation process picked up momentum with the initiation of the IMF's Extended Fund Facility. The SBP continued to keep the monetary policy consistent with the me...
Bangladesh updates plan for coal/bulk terminal
Payra Port Authority (PPA), under the Bangladeshi Ministry of Shipping, intends to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, as a public-private partnership project. Through a new announcement, the port authority has re-invited the expertise of international experts or consortiums to participate in proposed project. The successful bidders will design, build, finance, ...
Iran-US conflict may impact cement industry in Pakistan
According to a report from a local research house, following the alleged assassination of Iranian Commander Qassem Soleimani by a US drone attack, security concerns in the Middle East have escalated significantly. Iran and its allies have vowed to retaliate and there is a high possibility of a series of attacks from both sides in the coming months. Nonetheless, analysts think the likelihood ...
Colombian cement dispatches up 2% in November
Domestic dispatches in Colombia edged up 1.8 per cent to 1.083Mt in November 2019 from 1.065Mt in November 2018, according to the country’s statistics office, DANE. Colombian cement plants produced 1.113Mt of cement in November 2019, up 1.7 per cent when compared with 1.094Mt in November 2018. January-November 2019 Between January and November 2019, cement dispatches totalled 11.436Mt, whi...
Pakistan reports mixed 6M dispatches in December
In the six months of July-December 2019, Pakistani cement plants in the northern region saw a rise in domestic dispatches, but export sales were subdued, according to All Pakistan Cement Manufacturers' Association (APCMA). In the south the domestic offtake was poor, but exports delivered a positive performance. APCMA attributes this to the two-tier growth in the country's economy. In the 6M...
Chilean cement demand declines 8% in October
Chile’s cement market contracted by eight per cent in October 2019 to 337,959t from 367,167t in October 2018, according to the Chilean construction chamber (CChC). However, MoM demand advanced 8.6 per cent from 311,328t in September 2019. In the first 10 months of 2019 cement consumption advanced 3.9 per cent from 3.273Mt in 10M18 to 3.401Mt.
ASI calls for moratorium on issue of new cement plants in Indonesia
The Indonesian cement industry has called on the government for a moratorium on issuing construction permits for new cement plants for the next five years as the local market has an excess of 25Mta of capacity. As reported in the local press, Widodo Santoso, chairman of the Indonesia Cement Association (ASI) said: "This is a warning to the government, and here it refers to the Investment Co-...
Cement prices are fluctuating in Pakistan
According to a local research house, cement prices in north of Pakistan have declined from the recent peak of PKR550/bag (US$3.55/bag) (October 2019) and now they have fallen below PKR490/bag in some areas of north Pakistan. An analyst of Intermarket Securities Ltd attributes this fall to a drop in demand during the winter season as well as reportedly aggravated price competition by Cherat C...
Tourah Cement sells off kilns and mills for EGP31m
Tourah Portland Cement Company announced the sale of decommissioned kilns and grinding mills at a public auction held on 16 December. The items, which had ceased operation in 2013, raised EGP30.7m (US$1.91m), according to a statement to the Egyptian Exchange (EGX) on Monday. The company will also sell some scrap to its subsidiaries. During the first nine months of 2019, the company's losses w...