Cement News tagged under: international
Cooperativa la Cruz Azul starts construction on a new cement plant05 August 2024, Published under Cement NewsMexico-based Cooperativa la Cruz Azul has presented plans for the construction of a new industrial unit to manufacture cement in the municipality of Seybaplaya, southwest of the capital of Campeche. The company is hoping to reduce its environmental impact by building the cement plant on land previously used to manufacture lime and cement. The plant will be equipped with new technology to meet high standards of sustainability. Construction began on 1 August 2024, with the first stage ex... |
Moroccan cement market expands 52% in July05 August 2024, Published under Cement NewsTotal cement deliveries by Asment Témara , Ciments de l’Atlas , Ciments du Maroc , LafargeHolcim Maroc and Novacim surged 52.3 per cent YoY to 1,189,016t in July 2024, up from 780,954t in July 2023, according to Morocco's cement association, APC. In the January-July 2024 period there was a 6.8 per cent uptick in deliveries to 7.465Mt when compared with 6.987Mt in the 7M23. |
Growth for Italian cement in May02 August 2024, Published under Cement NewsItalian cement output rebounded in May with growth of five per cent YoY. This follows a decline of two per cent YoY in April, according to the latest data from Italian concrete association, Federbeton. In year-to-date terms, cement output rose two per cent YoY in the January to May period. This is up on the seven per cent YoY contraction recorded in the same period of 2023. Import and export data, which lag production data, show grey cement imports jumped 78 per cent YoY to 243.268t in... |
Khayah Cement cites construction boom as an opportunity for growth02 August 2024, Published under Cement NewsKhayah Cement , formerly known as Lafarge Cement Zimbabwe, has forecast that the cement sector is set to grow following a boom in the construction industry, driven by investments in infrastructure development by the government and private entities. The company cited this boom in construction as the cause of increased demand for cement in Zimbabwe. Government incentives and private investments in infrastructure have played a key role in the heightened demand for cement in the countr... |
Vietnam 1H domestic cement sales contract, exports flat01 August 2024, Published under Cement NewsTotal Vietnam cement sales, including domestic and export, for June amounted to 7.344Mt, down 6.7 per cent MoM from 7.873Mt in May, and down eight per cent YoY according to the Vietnam National Cement Association (VNCA). Domestic sales in Vietnam fell 5.4 per cent YoY to 5.029Mt compared to the 5.317Mt reported in May and were down five per cent YoY. Of the total, Vietnam Cement Industry Corp (VICEM) companies reported domestic sales down 12 per cent compared to a year earlier at 1.493Mt.... |
Spanish cement industry contracted in 1H2431 July 2024, Published under Cement NewsCement consumption in Spain shrank 4.2 per cent YoY in June, coming in at 1.254Mt, down from 1.309Mt in June 2023, according to the latest data from Infocemento. Exports were down 157,882t or 27.1 per cent YoY in June, falling to 424,708t. January-June 2024 In the first half of 2024 cement consumption was down 3.3 per cent YoY to 7.268Mt, when compared with 7.513Mt in the same period a year earlier. Exports fell by 601,914t or 20.2 per cent YoY in the January to June period, coming in... |
Pakistan expects local cement dispatches to fall in July 202431 July 2024, Published under Cement NewsPakistan's local cement dispatches are likely to fall 24-26 per cent YoY and 32-34 per cent MoM to clock in at around 2.08Mt in July 2024. This was roughly estimated by BMA Capital Management Ltd, which further adds that local cement dispatches on a YoY basis are down due to a slowdown in construction activities courtesy of higher cost of construction, plus muted government spending on infrastructure due to fiscal constraints, as well as the implementation of axle load. Furthermore, the M... |
Dangote Cement posts improved 1H net profit30 July 2024, Published under Cement NewsDangote Cement reports a revenue of NGN1.76tn (US$1.09bn) for the six months ended 30 June 2024, growing from NGN950.8bn in the same period in 2023, up 85 per cent YoY. Earnings per share reached NGN11.26, representing an eight per cent increase YoY. EBITDA for the period was NGN666.2bn, a 50.3 per cent increase from the NGN443.2bn reported the year previous. Net profits were posted at NGN189.9bn during the period, marking a six per cent growth from the NGN178.6bn for the correspondin... |
Saint-Gobain presents 1H24 financial results29 July 2024, Published under Cement NewsSaint-Gobain has released its 1H24 results. The consolidated financial status was reviewed by the statutory auditors and adopted by the Board of Directors on 25 July. The operating income was recorded as EUR2.75bn (US$2.98bn), compared to EUR2.8bn in 1H23, marking a 2.2 per cent YoY decrease. EBITDA came in at EUR3.6bn, close to its all-time high saw but a 2.3 per cent YoY decrease from EUR3.7bn. While Saint-Gobain expects some of its markets to remain difficult over the year overall,... |
Cement Manufacturers' Association applauds 2024-25 budget26 July 2024, Published under Cement NewsThe Cement Manufacturers’ Association (CMA), the independent body of large cement producers in India that represents almost 75 per cent of the country’s total installed cement capacity, has applauded the Union Budget 2024-25. The budget, presented by the Finance Minister, Nirmala Sitharaman, on 23 July, set out a detailed plan for India’s economic growth with a strong emphasis on infrastructure development, employment generation and energy security. Speaking about the budget, Neeraj Akhou... |