Cement News tagged under: international
Spain's cement consumption falls 28% in March24 April 2020, Published under Cement NewsCement demand in Spain decreased 28.3 per cent YoY to 923,581t in March 2020, according to the country’s cement association, Oficemen. The level had not been seen since 1965, excluding the recessions of the last decade. However, exports saw an 11 per cent recovery after 33 months of decline with 54,588t of cement exported. January-March 2020 In the first quarter of 2020 cement consumption fell 12.7 per cent to 3.143Mt, or 457,246t less when compared with the 1Q19 when demand reached 3.... |
PCA writes to President Trump24 April 2020, Published under Cement NewsMichael (Mike) Ireland, president and CEO of the Portland Cement Association (PCA), has written to US President Donald Trump to express the need to restart public works programmes and designate the cement industry as an 'essential industry' that is also listed as a 'critical manufacturing' industry with the Department of Homeland Security. "Increasingly, the COVID-19 crisis and necessary government response activities, including travel restrictions, shelters in place, quarantines, and oth... |
Indonesian market contracts 7% in March23 April 2020, Published under Cement NewsCement demand in Indonesia declined 6.8 per cent to 4.817Mt in March 2020 when compared with 5.166Mt in March 2019, according to the Indonesian Cement Association (ASI). The reduction in consumption was the largest in Kalimantan where sales were 15.6 per cent lower YoY, reaching 299,715t. On Java, the largest market in Indonesia, demand was down 10 per cent to 2,558,239t while in Nusa Tenggara the drop was 8.8 per cent as 295,415t were delivered. Sulawesi saw market offtake down 3.6 per cen... |
Peru's Asocem reports 47% drop in domestic demand in March23 April 2020, Published under Cement NewsPeru's cement market contracted by 46.8 per cent YoY to 0.488Mt in March 2020, according to the Peruvian cement association, Asocem. Of this total national dispatches accounted for 0.481Mt. In March 2019 domestic cement consumption reached 0.918Mt. Cement production in Peru in March 2020 fell 51.1 per cent to 0.419Mt when compared with March 2019 and 50.7 per cent when compared with February 2020. Clinker output was down by 50.1 per cent YoY and 55.1 per cent MoM to 0.352Mt in March 2020. ... |
Pakistan cement productions increased in 8MFY19-2023 April 2020, Published under Cement NewsPakistan's Federal Bureau of Statistics (PBS) has released production data for the eight-month period of July 2019-February 2020 and February alone, with a note that overall output of large-scale manufacturing industries (LSMI) decreased by three per cent during the 8MFY19-20, when compared to the equivalent period of the previous year. However, cement production increased during this period on cumulative and YoY basis. In the eight-month period, Pakistani cement production increased by 4.... |
Bangladesh cement industry seeks stimuli to meet challenges of COVID-1923 April 2020, Published under Cement NewsBangladesh's cement industry is facing numerous challenges amid the coronavirus pandemic and sees no immediate respite as the government plans to further extend the lockdown period. The lockdown has reportedly disrupted production, dispatches and handling import of raw materials at port. The trading of seven cement companies' scripts in Bangladesh's two stock exchanges will also continue to remain unavailable, as the government is likely to further extend holidays from 25 April to 5 May, ... |
Cement scripts financial results season at PSX23 April 2020, Published under Cement NewsAccording to a report issued by Al Habib Capital Markets (Pvt) Ltd, Pakistan's leading cement companies, including Maple Leaf Cement, Lucky Cement, DG Khan Cement and Kohat Cement Co, are all set to announce their 3QFY20 financial results on 23 April 2020, while Cherat Cement Co is scheduled to declare its 3QFY20 financial result on 28 April 2020. Cement sector earnings are expected to fall in 3QFY20when compared with the year-ago period, according to Al Habib analysts. The research house... |
Net FDI to Pakistan continues to contract in cement and construction in 9MFY2022 April 2020, Published under Cement NewsThe State Bank of Pakistan (SBP) has released foreign direct investment (FDI) data for the nine months of the current financial year 2019-20 and March 2020. It shows that the country received a higher FDI of US$2.696bn against US$2.146bn in the corresponding July-March period of the last fiscal year of 2018-19. The March alone it attracted US$319.8m. However, in 9MFY20 net FDI amounted to US$2.148bn, up 137 per cent from US$905.1m in the corresponding period of the last fiscal year. Chin... |
US cement shipments up 8% in December21 April 2020, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico in December 2019 increased eight per cent YoY to 6.7Mt, according to newly-released data from the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Georgia and Ohio, which received 45 per cent of the total. Leading producing states were Texas, Missouri, California, Florida and Alabama. Masonry cement shipments rose by 9.7 per cent YoY to 164,000t in D... |
Peru's cement producers see impact of COVID-19 crisis21 April 2020, Published under Cement NewsThe energy demand of Peruvian cement mills has reportedly fallen more than 90 per cent in recent weeks due to lower utilisation rates as a result of the COVID-19 pandemic. "They have temporarily suspended their operations and that of their subsidiaries. Plants are running to a minimum, just a few furnace maintenance issues," said Flor Felices, analyst at Intéligo SAB. The impact of the coronavirus on the construction industry has reduced cement demand. As a result, Unacem has projected... |