Cement News tagged under: international
State Bank reviews the cement industry’s performance for the period 9MFY2031 July 2020, Published under Cement NewsThe State Bank of Pakistan released its 3QFY20 report on ‘The State of Pakistan’s Economy’ on 30 July. According to the report, successful stabilisation measures that had fostered macroeconomic improvement in July 2019-February 2020 provided a valuable cushion against the downturn faced from late March 2020 onward in the wake of the COVID-19 outbreak. The cement industry was also recovering during July 2019-February 2020. Cement dispatches rose by 10 per cent during this period compared to ... |
Pakistani cement and construction FDI down in FY19-2030 July 2020, Published under Cement NewsThe State Bank of Pakistan (SBP) has released foreign direct investment (FDI) data for June 2020 and the FY2019-20. FDI surged by 45 per cent MoM to US$174.8m in June while for the full financial year, FDI soared 88 per cent to US$2.561bn from US$1.362bn in FY18-19. China transferred the highest net FDI of US$843.1m, Norway US$402m and Hong Kong US$190.7m. However, the increasing FDI trend is yet to reflect in the country's construction and cement sectors, which still lag behind other indus... |
Pakistani cement output falls 35% in May29 July 2020, Published under Cement NewsPakistan's Federal Bureau of Statistics (PBS) has released production data for May and the 11-month period of July 2019-May 2020. The overall output of large-scale manufacturing industries (LSMI) in Pakistan declined by 10.3 per cent during the 11FY19-20, when compared to the equivalent period of the previous year, according to the country’s Federal Bureau of Statistics. Domestic cement production decreased by 3.8 per cent YoY to 37.012Mt in the 11MFY19-20, compared to 35.623Mt in the equ... |
Mondi Paper Bags acquires two cement bag lines in Egypt29 July 2020, Published under Cement NewsMondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired two paper bag lines from Helwan Cement Co and InterCement Sacs, two major cement producers in Egypt. The acquired production lines will increase Mondi's capacity by approximately 60-80m bags annually and strengthen Mondi's position in the Middle Eastern bag market, particularly in supporting suppliers to the construction industry. "We are excited to have signed long-term supply agreements... |
US cement shipments down 8% in April27 July 2020, Published under Cement NewsShipments of Portland and blended cement in the US and Puerto Rico fell 7.5 per cent YoY to 8.1Mt in April 2020, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Georgia and Ohio, which accounted for a combined market share of 42 per cent. The top five producing states were Texas, Missouri, California, Florida and Alabama Masonry cement shipments declined 11 per cent YoY to 195,000t in April 2020. Florida, Texas, North Caro... |
Lebanese cement plants call for restart quarries27 July 2020, Published under Cement NewsCement companies in Lebanon have called on the authorities to authorise the restart of their quarries, which they said activity had been for nearly seven month due to measures to prevent the spread of coronavirus. Cement prices had reached new heights on the informal market and cement production needed to be restarted, they said. Quarries in northern Lebanon have been particularly affected. |
Indian demand expected to fall 25% in FY2124 July 2020, Published under Cement NewsCement demand in India is forecast to contract by up to 25 per cent in FY20-21 due to the coronavirus lockdown and subsequent specific restriction on construction activities, according to ratings agency ICRA. The downturn would be mainly felt in cities while rural housing and infrastructure projects in remote areas are expected to continue to support cement demand. "ICRA expects cement demand to de-grow by 22-25 per cent in FY2021 given the prolonged nationwide lockdown and subsequent stat... |
Suez Cement CEO calls for government to support industry24 July 2020, Published under Cement NewsJose Maria Magrina, CEO of Suez Cement (HeidelbergCement), has called for the government to set out a plan to rationalise the Egyptian cement market. "There is a large surplus in the market in the last four years," added Mr Magrina. "Therefore, there is a lot of excess supply and very eager manufacturers who want to sell, no matter the cost and environment that demand cannot match the higher costs, so everybody is competing against each other for a much smaller market." Mr Magrina believes... |
Sharp rise in Indonesian cement demand in June23 July 2020, Published under Cement NewsCement consumption in Indonesia rose by 29.2 per cent YoY to 4.86Mt in June 2020, according to Widodo Santoso, chairman of the Indonesian Cement Association (ASI). "This is because last year there were the effects of Ramadan and Eid, so consumption was limited," he said. The easing of large-scale social restrictions (PSBB) in a number of regions and the relaxation of credit disbursement by multifinance companies led to an increase in people's purchasing power. However, the rise in June... |
Moroccan cement deliveries up 33% in June23 July 2020, Published under Cement NewsCement sales in Morocco increased 33 per cent MoM in June, according to the Department of Studies and Financial Forecasts of the country’s Ministry of Economy, Finance and Administrative Reform. When compared with June 2019, deliveries are up 2.5 per cent. The rebound follows the gradual easing of COVID-19-related lockdown from 11 June 2020. In terms of construction market segments, infrastructure saw the largest recovery with deliveries increasing 68.7 per cent MoM, followed by ready-mix c... |