Cement News tagged under: cement consumption
Steel shortage may impact the cement industry19 January 2023, Published under Cement NewsThe Pakistan Ship Breakers Association (PSBA) said on 18 January that the shipbreaking industry is on the verge of closure as local banks are reluctant to open letters of credit to import vessels for breaking up (recycling) and as a result, producing raw material for the steel industry. This is expected to lead to an acute shortage of construction steel bars in the country. Therefore , there could be a drastic escalation in construction steel prices and it is anticipated that consum... |
US$8m cement distribution centre planned for Montego Bay28 November 2022, Published under Cement NewsPlans to establish a new US$8m cement distribution centre in Montego Bay, Jamaica, have been put forward by cement importers Buying House Cement. For the last 16 years, Montego Bay company Buying House Cement has been importing cement to meet 10 per cent demand from the Domicem cement plant in the Dominican Republic. Businessman Mark Hart is the chairman of Cargo House Handlers, a publicly-listed company with 30 per cent shares in Buying House Cement. According to Hart, the development... |
Vietnamese cement producers come under pressure21 October 2022, Published under Cement NewsVietnam's cement sector has come under pressure from falling consumption, particularly in its key export markets. Exports of clinker and cement amounted to 24.7Mt in the first 9M22, down 25 per cent in volume and 14 per cent in value YoY, according to the Department of Building Materials (DBM) under the Ministry of Construction. The reasons for the decline in exports, which amounted to 46Mt in 2021, are evident. The two main receivers of Vietnam clinker and cement have reduced their impor... |
Steppe Cement reports 9% increase in revenue in 3Q2207 October 2022, Published under Cement NewsKazakhstan's Steppe Cement Ltd has posted a nine per cent YoY increase in revenue in the 3Q22. Revenue came in at KZT13,071m (US$27.7m) compared to KZT12,045m in the same period last year. In the 9M22, revenue was KZT32,651m, up 13 per cent YoY from KZT28,812m in the 9M21. The company sold 546,327t of cement in the 3Q22, up two per cent YoY. In the opening nine months of this year, sales reached 1,362,407t, down one per cent from the 1,375,464t reported in the 9M21. The average pri... |
Kenyan cement consumption grows by 18% in 1H2222 September 2022, Published under Cement NewsKenyan cement consumption grew 18 per cent in the half year ended June, driven by increased construction activities in the private sector that defied a surge in cement prices, according to Kenya National Bureau of Statistics (KNBS). KNBS reports that 4.97Mt of cement were used in the six months from 4.06Mt consumed in a similar period last year. This was achieved despite a sharp rise in the retail price of a 50kg bag of cement which has risen by KES300 (US$2.48) since March on rising cost... |
Spanish cement consumption declined 1% in May17 June 2022, Published under Cement NewsSpanish cement consumption slipped in May by 0.9 per cent, to 1,325,372t, which represents a loss of 12,406t compared to the same month last year, according to the country's cement association, Oficemen. This decline in consumption has led to a loss of 1.1 points in the accumulated growth of the first five months of the year, which now stands at 3.7 per cent, with 6,124,957t. This is 219,145t more than in the same period of 2021. In absolute values, in the last 12 months 15,169,40... |
Spanish cement consumption grows by 9% in April17 May 2022, Published under Cement NewsSpanish cement consumption grew by 8.8 per cent in April to 1,346,704t, according Oficemen (Spanish Cement Association). This figure represents the recovery of 108,632t compared to the same month last year. The evolution of last month has allowed the recovery of 1.4 points in the accumulated growth of the first quarter, compared to March. This indicator now stands at 4.8 per cent, which represents, in absolute values, a consumption of 4,787,803t, approximately 220,000t more than in the... |
Spanish cement consumption drops by 16% in March22 April 2022, Published under Cement NewsCement consumption fell by 15.5 per cent in March, to 1,164,416t, according to Oficemen, Spain's cement association. This figure represents a loss of 213,479t compared to the same month last year, largely due to the transport strike, with a heterogeneous incidence throughout the national territory, said the association. “The situation resulting from the stoppage of transport has already been corrected in our industry and, currently, the supply chain to and from our factories is operati... |
PCA Spring Economic forecast growth of 1% for US cement demand in 202207 April 2022, Published under Cement NewsEd Sullivan, PCA executive vice-president and chief economist, reports that the PCA's Spring 2022 USA economy, construction market and cement consumption forecasts were given a new layer of risk with the outbreak of the Russia-Ukraine conflict. The two external forecast considerations are COVID-19 and the Russian-Ukraine war. The war can add to inflation and affect monetary policy. COVID-19 can add to consumer confidence, if it recedes and this would raise cement consumption. The PCA... |
Kenyan sees record cement consumption in July27 October 2021, Published under Cement NewsKenya’s cement consumption grew to 726,823t in July, the highest in the last decade records the Kenyan National Bureau of Statistics. The record demand is linked to several ongoing mega infrastructure projects such as, the Nairobi Expressway, Dogo Kundu Bypass, James Gichuru-Rironi highway, Nairobi Western Bypass and dam construction. |