Cement News tagged under: international
China's 2020 demand growth forecast increases10 January 2020, Published under Cement NewsNomura has increased its 2020 demand growth forecast for China from three per cent to five per cent following expectations that Beijing will continue to support its property and infrastructure sectors. The Asian financial services company has seen further room for Beijing to loosen its restrictions on property transactions and investment to shore up economic growth. Plans to build new city clusters will also stay on track and increase cement demand by providing a boost to infrastructure spe... |
Pakistan's cement production remains flat in 4MFY19-2010 January 2020, Published under Cement NewsThe Pakistan Federal Bureau of Statistics (PBS) has released the latest data for large-scale manufacturing industries (LSMI) for the period July-October 2019. It posts a negative trend in Pakistan's manufacturing sector during the first four months FY19-20, including the mixed cement production statistics during this production period. The overall output of LSMI decreased by 6.48 per cent for July-October 2019, compared to same period last year. However, the production in Jul-Oct 2019 as c... |
Pakistan's government allocates PK5trn for PSDP programme09 January 2020, Published under Cement NewsPakistan's cement industry has received a positive news from government, which may accelerate demands for cement in local markets. On the directives of Prime Minister Imran Khan for making the Public Private Partnership Authority (PPPA) fully functional through placement of its rules, the PTI-led government wants to launch PSDP-Plus with portfolio of over PKR5trn (US$32.2bn) for next three years. According to media, keeping in view severe resource constraints at a time when Pakistan is cur... |
Argentina's cement demand falls 6% in 201907 January 2020, Published under Cement NewsArgentinian cement sales dropped 6.1 per cent to 11.1Mt in 2019 compared with 11.89Mt in 2018, according to the country’s cement association, AFCP. No cement was imported during the year, while exports increased 23.4 per cent YoY to 100,197t. The falling sales for the year has been attributed to an economic recession and Argentina's currency devaluation. Sales also declined 15.9 per cent YoY to 744,075t in December 2019, against 818,939t in the year-ago period. Domestic consumption decreas... |
Gabon cement output jumps 21% in 9M1907 January 2020, Published under Cement NewsCement production in Gabon has increased by 20.7 per cent in the first nine months of 2019, according to DirectInfosGabon. Output from CIMAF and CimGabon reached 421,356t. Cement sales advanced by 17.7 per cent to 413,604t due to strong local demand, mainly from the self-build sector during the dry season. Cement company revenues were up 15.8 per cent YoY to XAF39.864bn (US$68m). |
Costa Rica's Legislative Assembly calls for standardised cement tax07 January 2020, Published under Cement NewsMembers of Costa Rica’s Legislative Assembly have called for the government to standardise municipal taxes on both local cement manufacturers and importers. In this case, a new five per cent tax would be imposed on all locally-produced and imported cement. Whereas, at present taxes are only applied on companies operating in San José, Cartago and Guanacaste. |
Pakistan's State Bank observes decline in cement production in 1QFY19-2007 January 2020, Published under Cement NewsThe State Bank of Pakistan (SBP) has released its first quarterly report on the state of Pakistan's economy for FY19-20, including the performance of the domestic cement sector. According to the report, Pakistan's macroeconomic stabilisation process picked up momentum with the initiation of the IMF's Extended Fund Facility. The SBP continued to keep the monetary policy consistent with the medium-term inflation target, while consolidation efforts were visible on the fiscal front. Furthermor... |
Bangladesh updates plan for coal/bulk terminal07 January 2020, Published under Cement NewsPayra Port Authority (PPA), under the Bangladeshi Ministry of Shipping, intends to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, as a public-private partnership project. Through a new announcement, the port authority has re-invited the expertise of international experts or consortiums to participate in proposed project. The successful bidders will design, build, finance, operate and maintain the coal/bulk terminal and transfer it to Payra Port Authority, based on the te... |
Iran-US conflict may impact cement industry in Pakistan06 January 2020, Published under Cement NewsAccording to a report from a local research house, following the alleged assassination of Iranian Commander Qassem Soleimani by a US drone attack, security concerns in the Middle East have escalated significantly. Iran and its allies have vowed to retaliate and there is a high possibility of a series of attacks from both sides in the coming months. Nonetheless, analysts think the likelihood of an all-out war between Iran and the US with its Middle Eastern allies is thin, because it will li... |
Colombian cement dispatches up 2% in November03 January 2020, Published under Cement NewsDomestic dispatches in Colombia edged up 1.8 per cent to 1.083Mt in November 2019 from 1.065Mt in November 2018, according to the country’s statistics office, DANE. Colombian cement plants produced 1.113Mt of cement in November 2019, up 1.7 per cent when compared with 1.094Mt in November 2018. January-November 2019 Between January and November 2019, cement dispatches totalled 11.436Mt, which represents a 3.6 per cent rise when compared with the year-ago period, when dispatches reached 11... |