Cement News tagged under: international
Cemento Sur licence temporarily suspended09 April 2020, Published under Cement NewsCemento Sur has had its operating licence temporarily suspended by the mayor of the District Municipality of Caracoto in Puno, Peru, because it was operational during the country’s state of emergency, according to Onda Azul. “We have closed the door of the Cemento Sur company, he said, while specifying that the Ministry of Production issue an authorisation to the company so it can circulate regularly. “To avoid the operation of the company we have blocked its accesses,” said the authority... |
Morocco reports 8% drop in 1Q deliveries08 April 2020, Published under Cement NewsCement deliveries by APC members in Morocco fell 28.7 per cent YoY to 910,995t in March 2020 when compared with 1,278,486t in March 2019, according to market research company, IPSOS. The building sector was particularly hit with a 44.7 per cent YoY drop to 42,912t, but the retail and prefabricated segments also noted declines of 30 per cent to 582,738t and 78,214t, respectively. In the ready-mix concrete market, the offtake fell by 26.7 per cent YoY to 162,440t. Infrastructure provided som... |
Indian cement demand could fall 20-25% in FY2108 April 2020, Published under Cement NewsIndian cement demand is expected to fall by 20-25 per cent in the current fiscal year (FY20-21) if the COVID-19 pandemic is not contained by May and construction activities only begin in the second quarter, said analytics agency Crisil. However, assuming the lockdown and other social distancing measures continue until the end of April and construction activity resumes in mid-May, the agency stated that the fall in demand could be 10-15 per cent. Capacity utilisation rates are also expected... |
Likely post-coronavirus cement scenario in Pakistan08 April 2020, Published under Cement NewsA local research house has estimated cement demands/sales in Pakistan after the coronavirus period, provided it is fully controlled well before it could bring any catastrophe on the economic front. IMS Research forecasts that the present lockdown will keep cement demand below full potential until the end of 1HFY21 (July-December). Thereafter, a strong rebound in demand growth and profit margins seems more likely, given an earlier-than-expected start of monetary easing and government's stim... |
Steps to avoid project standstill in Mexico07 April 2020, Published under Cement NewsFollowing the announcement of CANACEM, Mexico's cement chamber, that it will slow down operations in the COVID-19 contingency, Claudia Sheinbaum Pardo, Mexico City's head of government, has said she is working with some cement companies to prevent the stoppage of priority work. This includes agreements with cement producers that see the transfer of high-density waste from Mexico City. "We are coordinating with the Government of Mexico on the provisions they have given. There are public work... |
Trading of cement scripts still suspended in Bangladesh07 April 2020, Published under Cement NewsThe trading of seven leading cement firms' scripts in two stock exchanges of Bangladesh are suspended due to measures taken by the Dhaka government to stop the spread of coronavirus across the country. No trading was held from 26 March in shares of Aramit Cement Ltd, Confidence Cement Ltd, HeidelbergCement Bangladesh Ltd, LafargeHolcim Bangladesh Ltd, Meghna Cement Mills Ltd, MI Cement Factory Ltd and Premier Cement Mills Ltd. The Bangladesh's two bourses, Dhaka Stock Exchange (DSE) and ... |
March cement data reflects coronavirus impact in Pakistan06 April 2020, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) has officially released cement dispatches data for March 2020 and cumulative dispatches for nine months. The demand for cement in March has reportedly contracted due to the mitigation efforts of the federal and provincial governments to stop the spread of the coronavirus in Pakistan. The whole country is partially or fully locked down for the last 15 days and this has affected the supply chain/local/export dispatches and demand in the co... |
Tajikistan eyes 20% increase in cement output in 202006 April 2020, Published under Cement NewsTajikistan has significantly increased production of cement this year despite the impact of the COVID-19 pandemic and the associated economic recession in the country, according to the Tajik Ministry of Economic Development and Trade and local media reports. In the first two months of 2020, domestic cement output amounted to 564,300t, an increase of 20.3 per cent YoY. Local analysts expect cement production to continue to grow as in previous years. In 2018 total production amounted to 3.... |
Cement sales on Fiji impacted by coronavirus06 April 2020, Published under Cement NewsFijian cement producer Pacific Cement Ltd reported cement sales declined by 27 per cent YoY in March. The company has lost an estimated US$750,000 in sales, according to General Manager, Sowani Tiudrola. Reduced market demand has resulted in Fiji Cement selling 3000t less. Standard Concrete Industries also said market demand was 50 per cent down in March. The company has closed its Lautoka plant and its staff have been advised to take their leave until further notice, reported Fijian Broa... |
CMIC state president calls for construction industry to be classed as essential03 April 2020, Published under Cement NewsAs previously announced, the cement mills that make up Mexico’s National Cement Chamber will suspend operations due to the ongoing COVID-19 pandemic . The president of the Mexican Chamber of the Construction Industry (CMIC) for Querétaro state, Alvaro Ugalde Ríos, has noted that the shutdown would lead to the construction sector stopping with a week or two. Therefore, the state president has reportedly called for the construction industry to be classed as an essential industry and for the... |