Cement News tagged under: international
Central Bank reviews Pakistan's cement industry performance in FY1930 October 2019, Published under Cement NewsPakistan State Bank has released its annual report for the FY2018-19, in which the bank reviewed the performance of all sectors, including the country's cement industry. Real GDP growth decelerated to 3.3 per cent in FY19, compared to 5.5 per cent last year. While all the economic sectors contributed towards this lacklustre performance, the major drag came from the commodity-producing sector. The slowdown was broadly attributed to contractionary economic policies and inflationary pressures i... |
GCCA welcomes two new members and three affiliates29 October 2019, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) has added two new member companies and three new affiliates. Membership now totals 38 member companies and 18 affiliates. The new member companies are Cementos Progreso SA of Guatemala and Vassiliko Cement Works Public Co Ltd of Cyprus. In addition, the association confirmed three new affiliates who will partner the GCCA to achieve shared goals and specific objectives. These companies comprise Cement Concrete & Aggregates Australia (CCAA )o... |
Gwana Cement Factory to produce cement in US$864m deal29 October 2019, Published under Cement NewsNigeria’s Bauchi State Government has signed a US$864m deal with an American investment company to produce cement at the Gwana Cement Factory. Bauchi State Governor, Senator Bala Mohammed, made the disclosure at the opening ceremony of a three-day event for the FCT Minister’s Press Corps in Bauchi. He said the constant return to scale of the investment was around NGN2bn (US$5.51m). The government has also signed a Memorandum of Understanding for the implementation of Kujuru Solar Power... |
Semen Indonesia joins WCA28 October 2019, Published under Cement NewsSemen Indonesia has joined the World Cement Association (WCA) as a Corporate Member. Semen Indonesia maintains a production capacity of 51Mta, which is shipped to customers across Indonesia, but also Sri Lanka, United Arab Emirates, Yemen, Philippines, China, Australia, India, Bangladesh, Africa, Timor-Leste and other countries. The company has cement plants in Lhoknga in Aceh, Indarung in West Sumatra, Narogong in West Java, Rembang and Cilacap in Central Java, Gresik and Tuban in East Jav... |
Pakistan's cement production continues to slide25 October 2019, Published under Cement NewsThe latest data released by the Pakistan Federal Bureau of Statistics shows that large-scale manufacturing industries (LSMI) observed a negative trend in Pakistan's manufacturing sector during July-August 2019-20, including the cement sector. The overall output of LSMI decreased by 6.04 per cent for July-August, 2019-20 compared to July-August, 2018-19. Cement production fell by 5.03 per cent to 5.795Mt from 6.102Mt during this period – a trend that has been attributed to the country's eco... |
PCA forecasts moderate cement consumption and GDP growth to 202123 October 2019, Published under Cement NewsThe US Portland Cement Association (PCA) has published its annual Fall Forecast in which it predicts moderate growth for cement demand through 2019 and into 2020. PCA Market Intelligence expects cement consumption will expand by 2.4 per cent in 2019, followed by a 1.7 and 1.4 per cent in 2020 and 2021, respectively. "Public construction continues to receive the benefit of the 2018 federal budget that allowed for $20 billion in spending on roads, bridges, water, and rail projects over 2018 a... |
Poland on track to break production records in 201923 October 2019, Published under Cement NewsIn 2018 cement production in Poland broke records to reach 18.94Mt, according to data from the Central Statistical Office (CSO). Furthermore, production is up by 0.4 per cent YoY to nearly 12.3Mt in the 8M19. Looking towards 2020, Andrzej Reclik, president of Górażdże Cement, has forecast stabilisation at the current level and for final results to be close to the current year, according to an interview with WNP. Mr Reclik noted that it is difficult to increase dynamics when the market is al... |
Azerbaijan cement output slips 1% in 9M1923 October 2019, Published under Cement NewsCement production in Azerbaijan declined 1.2 per cent YoY in the 9M19 to 2.539Mt, according to the State Statistics Committee. Overall construction materials output rose by 4.2 per cent in terms of value to AZN580.5m (US$342.2m) in the 9M19. Ready-mix concrete volumes were up 22.1 per cent YoY to 1.322Mt, prefabricated concrete structures saw their output drop by 57.4 per cent to 31,800m 3 . |
Indonesian market stable, export sales see hike in September22 October 2019, Published under Cement NewsCement consumption in Indonesia remained largely stable at 6,728,921t in September 2019 when compared with September 2018, according to the latest data by the country’s cement association, ASI. Demand in the key market of Java remained level at 3,841,656t with higher sales on West Java (1,141,159t, up 9.6 per cent) and Yogyjakarta (119,297t, up nine per cent) offset falling deliveries in Jakarta, Banta and Central Java. On Sulawesi sales were up 2.3 per cent YoY to 575,209t and in east Ind... |
Cement demand in Spain expands 3% in September22 October 2019, Published under Cement NewsCement consumption in Spain has increased 2.6 per cent YoY to 1,162,861t in September 2019, according to Oficemen, the Spanish cement association. However, Imports surged 87.5 per cent YoY to 50,000t. Demand in the first nine months of 2019 has advanced by 8.5 per cent YoY to close to 11Mt. However, exports have continued to fall. In September they slipped 2.7 per cent while for the 9M19 cement and clinker exports dropped 21.2 per cent YoY. The worsening export figure has been attributed b... |