Cement News tagged under: international
Andhra Pradesh producers to reduce prices for government projects18 March 2020, Published under Cement NewsCement companies based in Andhra Pradesh, India, have decided to reduce cement prices for government projects following a request from the state’s Chief Minister, YS Jagan Mohan Reddy. PPC has been priced at INR225 (US$3.03), while OPC is around INR235. These prices are the lowest compared to that of any year between FY15-16 and FY19-20, according to The Hans India. The estimated requirement of cement for the Department of Housing alone is 4Mt for the year. Representatives from compani... |
Pakistan records 28% growth in export of cement/clinker 8MFY2017 March 2020, Published under Cement NewsAll Pakistan Cement Manufacturers' Association (APCMA) has reported that country saw a growth of 28 per cent in cement and clinker exports during first eight months of the ongoing financial year 2019-20. It reached 5.939Mt in 8MFY19-20 and can be attributed to an increase in cement exports to Afghanistan and unprecedented surge in clinker exports to the global market. However, Pakistan's Federal Bureau of Statistics is yet to release official data for the export of cement and clinke... |
Cement and construction sectors struggle despite net FDI growth17 March 2020, Published under Cement NewsThe State Bank of Pakistan (SBP) has released foreign direct investment (FDI) data for February 2020 and eight months of the current financial year 2019-20. It showed that the country received US$2.24bn against US$2.36bn in the corresponding July-February period of the last fiscal year of 2018-19. In February 2020 FDI inflows amounted to US$332.5m compared to US$179.1m in the corresponding month a year earlier. However, in July-February, net FDI amounted to US$1.85bn, up 75 per cent fro... |
Israel to readmit cement into Gaza17 March 2020, Published under Cement NewsThe Israeli authorities have decided to allow the entry of cement in the Gaza Strip through the Kerem Shalom (Karm Abu Salem) commercial crossing, according to the Palestinian Authority. Israel had previously blocked the entry of cement into Gaza and hundreds of factories have closed as a result of a lack of raw materials entering Gaza. |
Detained vessel allowed to sail from Bangladesh, as no coronavirus found16 March 2020, Published under Cement NewsThe Bangladeshi port authority Mongla Port did not find any symptoms of COVID-19 in the crew of the bulk carrier Serenitas N, which later off-loaded imported coal at birth and sailed on 15 March, say Bangladesh shipping industry sources. On arrival in the first week of March the vessel carrying the flag of the Marshall Islands had suspended off-loading of imported coal at Mongla, due to suspicion of the coronavirus affecting the crew. The vessel was detained when three sailors of vessel h... |
Brazilian cement sales stable in February13 March 2020, Published under Cement NewsCement sales in Brazil remained stable at 4.1Mt in February 2020 when compared with February 2019, according to the country’s cement association, SNIC. When compared with January 2020, when sales were weak, there is a 0.5 per cent drop. Sales in the north and southeast continue to impact negatively on the country’s total as heavy rains affect construction activity. In terms of the number of working days, sales rose 7.4 per cent YoY and 5.8 per cent MoM in February 2020. "We had fewer wo... |
Vietnamese cement producers come under pressure12 March 2020, Published under Cement NewsCement producers in Vietnam are facing a double challenge with domestic demand falling due to a slowdown in the property market, and delays in transport infrastructure works and exports declining due to the COVID-19 pandemic. The forecast had been for exports of around 34Mt this year, but the epidemic has put paid to those hopes since China used to be the main clinker importer, said Nguyen Quang Cung, chairman of the Vietnam Cement Association (VCA). Cement and clinker exports in the period... |
Mayur Resources moves closer to new cement and lime project go-ahead12 March 2020, Published under Cement NewsMayur Resources' vision to build Papua New Guinea’s first cement project is becoming clearer after the company announced it had signed all the landholder compensation agreements required for the development of its flagship Central Cement and Lime project, near Port Moresby, Papua New Guinea. Ongoing due diligence is continuing with potential strategic funding partners for the US$350m project which has a target annual production of 1.65Mta cement/clinker and 200,000tpa of quicklime for sup... |
Russian market expands 8% in 201911 March 2020, Published under Cement NewsCement consumption in Russia increased eight per cent to 57.8Mt in 2019, according to the country’s cement association, Soyuzcement. Exports by Russian producers expanded by 9.6 per cent YoY to 1.1Mt in 2019 on the back of rising volumes to export markets, which include Azerbaijan, the Baltic states, Belarus and Kazakhstan. However, according to industry sources the unfavourable exchange rate of the rouble is affecting the competitiveness of Russian producers when exporting cement and may ... |
Pakistan Stock Exchange crashes but cement script sustained10 March 2020, Published under Cement NewsThe Pakistan Stock Exchange (PSX) plummeted Monday morning due to the crash in crude oil prices and the fear of the global spread of coronavirus. The PSX lost more than 2100 points in 100 index of stock across the board as all scripts were down, including cement industry. However, later the investors realised that fall in crude prices would not impact the cement industry, they have resumed fresh buying and most of the cement scripts regained their lost value. However, uncertainty is still ... |