Cement News tagged under: Weekly Newsletter
Twiga Cement to expand production capacity19 April 2021, Published under Cement NewsTanzania Portland Cement (Twiga Cement) has announced its intention to invest US$15m in an expansion and rehabilitation programme in 2021, according to the Tanzania Daily News. For the past 10 years, the factory has been producing 1.2Mta of cement, but it has currently increased capacity to about 2Mta. "Twiga Cement is doing well and we are happy for that, they have also thanked the government for better business environment despite the fact that there are small policy challenges which... |
Egypt's cement sector sees sales rise 15% YoY15 April 2021, Published under Cement NewsEgypt's cement industry recorded strong sales in March with total sales reaching 4.99Mt, up 22 per cent MoM and 15 per cent YoY. The industry’s utilisation rate also surged to 74 per cent from 60 per cent in February. The average utilisation rate in 2020 was 59 per cent. Watania Cement (Beni Suef) recorded the highest sales of 990,000t with a market share of 20 per cent, according to Daily News Egypt. Therefore, volumes were up 40 per cent MoM and 141 per cent YoY. Sinai Cement reco... |
Grey cement production resumes at Siguaney15 April 2021, Published under Cement NewsFollowing its temporary shutdown due to technical issues at the end of last year, the Siguaney cement plant in Sancti Spíritus, Cuba, has restarted the production of grey cement. The company targets the supply of 65,000t of grey cement this year with output destined for prioritised projects and sale to the public. Despite the halting of grey cement production, the factory continued to produce white cement in the first quarter of the year, said the company’s director, Gonzalo Reina Aguila... |
Brazilian cement consumption up 34% YoY in March14 April 2021, Published under Cement NewsBrazil's cement market expanded 34.2 per cent to 5.48Mt in March 2021 when compared with March 2020, according to the country’s cement association, SNIC. Market growth was the strongest in the south, where sales increased 45.3 per cent YoY from 682,000t to 991,000t in March 2021, followed by sales in the northeast, which expanded by 43.6 per cent to 1,127,000t from 785,000t. In the central-western part of Brazil offtake rose by 37.9 per cent to 571,000t from 414,000t while in the north, th... |
Sharcem set to acquire plant from Kazakhcement14 April 2021, Published under Cement NewsSingapore-based International Cement Group (ICG) has incorporated a new subsidiary in Kazakhstan. Sharcem will be 60 per cent owned by the group’s direct subsidiary, International Cement Shar Pte, and 40 per cent owned by Nurzhan Shakirov. Sharcem has subsequently entered into a sale and purchase agreement (SPA) with Kazakhcement and the Development Bank of Kazakhstan for the sale of a cement plant and related assets in the country. The total consideration of the agreement is KZT7.07bn (US$... |
Moroccan market expands 40% in March13 April 2021, Published under Cement NewsCement deliveries in Morocco jumped 40.2 per cent to 1,277,221t in March 2021 when compared with March 2020 when 910,994t was supplied to the domestic market, according to the Ministry of Urbanisation and Housing. In the January-March 2021 period, deliveries were up 3.9 per cent YoY to 3.394Mt from 3.267Mt in the 3Q20. These data reflect deliveries by APC members Asment Temara, Ciments de l’Atlas, Ciments du Maroc and LafargeHolcim Maroc. |
Eagle Cement reports 30% fall in net sales13 April 2021, Published under Cement NewsPhilippine-based Eagle Cement Corp has reported a net income of PHP3.4bn (US$70.02m) in 2020, down 44 per cent YoY as a result of lockdown measures imposed in mid-March. "The halting of our operations due to pandemic-related restrictions took a hit on our results in the first half of 2020, but the remaining half proved that we are well-positioned to bounce back," said John Paul L Ang, CEO. Net sales declined 30 per cent to PHP13.9bn from PHP19.8bn in 2019, but the PHP8bn from sales gen... |
Cement consumption in Puerto Rico up 26% in February12 April 2021, Published under Cement NewsCement sales in Puerto Rico advanced 26.2 per cent in February, according the Puerto Rican statistics agency. In February 1.36m bags of 94lb, or 57,987t were sold. In February 2020, 1.08m bags or 48,049t were delivered to market. Cement sales have expanded robustly since May last year. In June they increased by 42 per cent YoY. In 2020 sales edged up 2.8 per cent to 13.8m bags, or 588,400t, following a 5.8 per cent drop in 2019. Cement production However, cement production in Puerto Ri... |
Central America sees dramatic rise in Vietnamese cement imports08 April 2021, Published under Cement NewsCentral American cement imports have grown the most in recent years from Vietnam, given that in 2016 no significant purchases were reported, Vietnam raised its share to 30 per cent of the total cement imported between January and September 2020. During the first nine months of 2020, Turkey accounted for 18 per cent of cement imports to the region, Mexico eight per cent, Barbados four per cent, South Korea two per cent, Peru one per cent, Colombia one per cent and the United States one per... |
Argentina's cement market expands by 94% in March07 April 2021, Published under Cement NewsCement demand in Argentina surged by 94 per cent YoY to 974,391t in March 2021 from a low base of 502,368t in March 2020, according to the country’s cement association, AFCP. The market was entirely supplied by domestic production, which advanced by 93.5 per cent from 508,402t to 983,911t over the same period. In March 2021 domestic producers exported 9520t, up 57.8 per cent YoY from 6034t in March 2020. January-March 2021 The Argentine market expanded by 38.6 per cent to 2.682Mt in th... |