Cement News tagged under: international
Ukraine's reconstruction efforts boosts cement production12 August 2024, Published under Cement NewsUkraine 's cement association, Ukrcement, reported that the country has increased its cement production by 25 per cent in response to growing reconstruction needs. Data for the January-June 2024 period shows that members of Ukrcement boosted their production by 24.4 per cent compared to the same period in 2023 (a total of 3.7Mt). The association highlighted the strength of its member enterprises, continuing to adapt and produce construction materials despite the ongoing difficulties of the ... |
Pakistan companies start posting financial results on PSX12 August 2024, Published under Cement NewsTop cement companies in Pakistan will begin releasing their financial results for the last quarter (April-June 2024) on the Pakistan Stock Exchange (PSX) website. The Topline Cement Universe, which includes Lucky Cement , Kohat Cement , Fauji Cement , DG Khan , and Maple Leaf Cement, is expected to post profitability of PKR12.5bn (US$44.9m) in the 4QFY23-24 against a profit of PKR11.1bn in the 3QFY23-24, up by 13 per cent QoQ due to higher average retention prices. This will take FY23-... |
Argentina's cement market contracts 15% in July09 August 2024, Published under Cement NewsCement demand in Argentina fell 14.5 per cent YoY to 913,319t in July 2024 from 1,067,680t, according to the national cement association, AFCP. However, when compared with June 2024, consumption increased by 25.9 per cent. Domestic demand was largely met by output from Argentinean plants, which produced 915,456t of cement in July 2024, down 14.4 per cent YoY from 1,069,463t in July 2023. Imports of 287t supplemented national production. The country's producers also exported 2424t of cemen... |
Sumitomo Osaka Cement posts 1QFY24-25 results09 August 2024, Published under Cement NewsSumitomo Osaka Cement has shared consolidated financial results for the first quarter of the FY24-25. The company reported a revenue of JPY53.23bn (US$354.8m) for the quarter ended 30 June 2024, representing a 0.9 per cent increase from the JPY52.77bn reported in the same period a year previous. Although sales volume of cement was down compared to the 1QFY23-24, the company has raised domestic sale prices in a response to rising costs. Operating profit surged from JPY127m in ... |
Senegal's cement consumption increases 6% in May09 August 2024, Published under Cement NewsSenegal's cement market expanded by 5.6 per cent in May 2024 with domestic sales increasing to 708,600t from 670,700t in May 2023, according to Senegal's Planning and Economic Study Directorate. Output from local plants increased by 6.9 per cent YoY to 899,000t in May 2024 from 840,600t in the year-ago period. Of this total, Senegal exported 210,900t of cement, up 5.6 per cent YoY from 181,300t in May 2023. January-May 2024 In the January-May 2024 period Senegalese cement consumption rea... |
Pakistan's cement industry grapples with local tax issues08 August 2024, Published under Cement NewsPakistan’s cement industry is grappling with local tax measures announced in the Federal Budget 2025 amid falling local demand and has sought the intervention of the federal government to rescue the industry. In an appeal to the Prime Minister of Pakistan, Shehbaz Sharif, the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and the Chairman of the Federal Board of Revenue (FBR) Government of Pakistan, Malik Amjed Zubair Tiwana, All Pakistan Cement Manufacturers Associati... |
Taiwan may launch an investigation into Vietnamese cement imports07 August 2024, Published under Cement NewsTaiwan has reported the potential launch of an anti-dumping investigation into the cement and clinker imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV), under the Ministry of Industry and Trade (MoIT). The TRAV urged the Vietnam Cement Association (VNCA) to notify its members about the investigation and to coordinate with Taiwanese importers to monitor market information closely. Companies have to submit all export data from 2021 to mid-2024 to the TRAV by... |
Lafarge BFC Serbia to invest in eco-friendly cement plant07 August 2024, Published under Cement NewsLafarge BFC ( Serbia ), part of the Holcim Group , plans to open an eco-friendly cement plant in Obrenovac. The EUR110m (US$120.3m) plant will produce cement from the ashes of nearby thermal power plants. The Obrenovac project is part of Lafarge BFC Serbia's pledge to achieve zero CO 2 emissions by 2050. It will help to address Serbia's waste management issues, including the country’s extensive network of unsanitary landfills and illegal dumpsites. In 2019 the European Environmenta... |
Punjab increases limestone royalty rate06 August 2024, Published under Cement NewsTo increase revenue from the mining sector, the government of Punjab, Pakistan, has announced an increase in the royalty rate on limestone to six per cent of the ex-factory sales price of cement or clinker. This represents a change from the previous fixed rate of PKR250 (US$0.90)/t. As a result, the cost of limestone per bag of cement is expected to increase to PKR55 from PKR19/bag currently. Research house AKD Securities anticipates that the cost increase will be passed onto consumers, ... |
Colombia’s cement market contracts 9% in June 202405 August 2024, Published under Cement NewsGrey cement dispatches in Colombia fell 8.7 per cent YoY to 943,500t in June 2024 from 1.033Mt in June 2023, according to the country’s statistics agency, DANE. Bulk deliveries fell by 9.2 per cent YoY while bagged cement deliveries were down by 8.4 per cent. There was an 11.8 per cent YoY decline in purchases by ready-mix cement companies while supplies to construction companies and contractors fell by 11.1 per cent YoY in June 2024. The off-take by the retail sector decreased by four per... |