Cement News tagged under: international
Mauritanian cement producers reminded of government-led pricing22 August 2024, Published under Cement NewsMauritania's Minister of Commerce and Tourism, Zeinebou Mint Hmednah, send a circular to the walis throughout the country to oblige traders to respect the government-led price of cement at MRU5950 (US$150.66)/t of 42 grade cement and MRU5650/t of 32 cement. The cement prices were agreed by mutual agreement between the government and cement producers. She also called on the walis to supervise the determination of the cost of transport from Nouakchott to the unloading site. |
Dalmia Bharat Ltd shares 1H24 results22 August 2024, Published under Cement NewsDalmia Bharat Ltd has shared its financial results for the first half of 2024, ended 30 June 2024. The installed cement capacity on this date was 45.6Mta. Sales volume saw a 6.2 per cent increase from 7Mt in the 1H23 to 7.4Mt in the 1H24. EBITDA was recorded at INR6.69bn (US$79.7m), marking a 9.2 per cent increase from the corresponding period the year previous. Puneet Dalmia, Dalmia Bharat's managing director and chief operating officer, said, “The continuity of the incumbent gov... |
Indian Supreme Court ruling assigns duties to mining operations22 August 2024, Published under Cement NewsOn 14 August 2024, the Supreme Court of India issued a ruling allowing states to impose taxation and royalties on minerals separately from government duties. The ruling also allows states to recover historic duties, which may lead to substantial financial obligations for major industries such as cement, steel, and coal. The ruling decreed that royalties paid to states are not considered taxes under the Mines and Minerals (Development and Regulation) Act of 1957. This means that relevant c... |
Cement prices in Egypt up 20% in August21 August 2024, Published under Cement NewsCement prices in Egypt have increased by 20 per cent since the 1 August after cement producers reduced their production, said Ahmed El-Zeini, head of building materials at the Federation of Egyptian Chambers of Commerce. The price increase ranges between EGP200-500/t with the final price for end consumers reaching approximately EGP3000/t. Mr El-Zeini said that cement plants have been informing their agents of price hikes every week since the beginning of the month. |
China steps up drive for alternative fuels20 August 2024, Published under Cement NewsChina’s cement industry is in line to receive a new raft of legislation designed to encourage the drive away from fossil fuels to alternative fuels. This month the government raised its renewable energy targets through the 2024 Renewable Consumption Quota Obligations. Compared to last year’s draft targets, most provinces saw their renewables quota increase by an average of 2.3 percentage points. Notably, Sichuan, Qinghai and Yunnan provinces have already achieved a 70 per cent Renew... |
Kyrgyzstan enforcing a six month import ban on range of cement20 August 2024, Published under Cement NewsFrom 1 October Kyrgyzstan is enforcing a six-month road import ban on cement types including Portland, alumina and slag cements, according to a decree signed by Akylbek Japarov, chairman of the country's cabinet of ministers. The ban is for both cement and clinker. The ban comes alongside the State Statistical Committee of Kyrgyzstan reporting a 76 per cent YoY increase in cement imports in May to 125,737t. Shipments predominantly coming from Iran, Kazakhstan, China and Uzbekistan. How... |
US and Puerto Rico cement markets contract in May19 August 2024, Published under Cement NewsIn May 2024 the USA and Puerto Rico reported a total of 0.56Mt of Portland and blended cement shipments, down 8.2 per cent YoY, according to the US Geological Survey (USGS). The leading cement-consuming states – Texas, California, Florida, Ohio and Georgia – received 39 per cent of shipments in May. The leading producing states for Portland and blended cement were Missouri, Texas, California, Florida and Alabama. Masonry cement shipments fell 7.2 per cent YoY to 203,000t in May 2024. The le... |
First Gen Corp agrees to supply geothermal energy to Holcim Philippines' plants19 August 2024, Published under Cement NewsFirst Gen Corp, a Philippines-based renewable energy company, has been chosen by Holcim Philippines to supply electricity from a geothermal energy source to power Holcim’s Mindanao manufacturing plants. As part of the agreement, First Ten will provide Holcim with electricity from Energy Development Corp’s geothermal plant in North Calabato to fulfil 22 per cent of the power requirements of the cement manufacturers units in Bunawan, Davao City and Lugait, Misamis Oriental. Holcim ha... |
Kyrgyzstan sees acute cement shortage19 August 2024, Published under Cement NewsThe expansion of the construction market on an unprecedented scale has led to a critical cement shortage in Kyrgyzstan, according to Syrian Omorov, head of the regulated sectors department of the Antimonopoly Regulation Service. He said that output at the Kant Cement Plant , part of United Cement Group , already exceeded 1Mt, whereas in the past it barely reached 0.6Mta. "We are working at the limit of our capabilities," representatives of the plant noted. "Currently, the plant can pro... |
Royalty issue on cement raw materials in Punjab landed in court19 August 2024, Published under Cement NewsAccording to Topline Research, Punjab-based cement manufacturers have obtained a stay order from the court against the imposition of six per cent of ex-factory cement/clinker price as royalty on limestone and argillaceous clay in a major development. However, the analyst remarked that this stay is subject to bank guarantees to be furnished by manufacturers. To avoid any unfavourable decision in the future, the Punjab manufacturers are increasing cement prices by up to INR75/bag (US$0.89/bag... |