Cement News tagged under: international
Protests in Nicaragua affect cement sector01 August 2019, Published under Cement NewsDemonstrations against Daniel Ortega, president of Nicaragua, which began in April 2018, have reportedly had a negative impact on the country’s economy, according to Reuters. Cemex Latam Holdings has reported that its Nicaraguan business has suffered from a downturn in the construction sector, which contracted 21 per cent in 2018. "The crisis remains unresolved and continues to affect economic activity, including demand for cement," said the company in its 2Q results. |
CG Cement plans new plant in Sri Lanka30 July 2019, Published under Cement NewsNepal’s CG Cement has announced plans to invest US$150m to set up a new plant in Mannar, Sri Lanka. According to Binod Chaudhary, owner of the company, it has already received approval for the project. "I have got the green light from the government and we have already identified several limestone deposits in the province to make cement locally," said Mr Chaudhary. "Currently Sri Lanka imports around US$350m worth of cement and clinker and I want to help stop this Forex drain." CG Cement r... |
Panama improves cement quality requirements and standards30 July 2019, Published under Cement NewsPanama’s Minister of Trade and Industry, Ramón Martínez, signed two ministerial resolutions aimed at improving the requirements and standards of cement quality, both for domestic and imported cement. The new technical standard DGNTI-COPANIT 5-2019 of building, building materials, hydraulic cement sets out the chemical, physical and performance requirements of general and specialised cements, as well as the packaging, transportation, storage and use requirements. The Technical Regulation... |
Cement demand in Spain down 3% in June26 July 2019, Published under Cement NewsCement consumption in Spain fell 2.9 per cent to 1.2Mt in June 2019, the first drop in monthly demand since November 2018. The drop has been attributed to a slow public works sector Despite the positive evolution of housing, the non-reactivation of public works and the delay of the work already tendered is slowing the growth of cement consumption," said Oficemen President, Jesus Ortiz. Cement exports declined by 32 per cent in June 2019 to 450,728t when compared with June 2018. Mr Ortiz ex... |
Construction starts on new 1.5Mta Uzbek plant25 July 2019, Published under Cement NewsConstruction of a new cement plant in Yanguikurgan district in Namangan region of Uzbekistan has been started. The works has a capacity of 1.5Mta and is built on a 40ha plot. Total cost of the investment is US$105m, of which Chinese investors contribute US$90m. The facility is scheduled to be completed by the end of 2020 and will provide 700 new jobs. |
Vietnamese cement sector to reach 115Mta of capacity in 202023 July 2019, Published under Cement NewsVietnam is expected to have 89 cement production lines and a total capacity of 115Mta in 2020, according to the Vietnam National Union of Building Workers. In 2019 two additional lines are scheduled to begin operations. Nam Dong will commission a 1.8Mta unit in Thua Thien-Hue province and Thanh Thang Cement is expected to start up its 2.3Mta third line in northern Ha Nam province. A further five facilities are expected to open with a combined capacity of 12.7Mta in 2020. This includes Min... |
China’s cement industry sees CNY80bn profit in 1H1922 July 2019, Published under Cement NewsChina’s cement industry in the first half of 2019 saw profits advance by 20 per cent to CNY80bn (US$11.6bn), according to China Securities Journal. Cement output increased 6.8 per cent YoY to 1.05bnt in the January-June period, the highest growth rate in the last five years, as shown by data of the National Bureau of Statistics. The cement market expansion has been attributed to real estate and infrastructure growth. Fixed-asset investment, including capital spent on infrastructure, prope... |
Pakistan attracts lesser FDI in FY1918 July 2019, Published under Cement NewsPakistan received a net foreign direct investment (FDI) of US$1.737bn in last financial year, FY18-19 compared to US$3.471bn in July-June 2017-18. This translates a fall of 50 per cent foreign direct investment in the country industrial sector, including construction and cements industry, says a report of State Bank of Pakistan (SBP). A breakdown of SBP data shows that the net total FDI in the cement and construction sectors decreased 38.9 per cent YoY in the 12-month period. Out of th... |
Spanish cement market expands 7% in May17 July 2019, Published under Cement NewsCement consumption in Spain increased 6.6 per cent YoY in May, reaching 1,333,698t, according to Oficemen. In the first five months of 2019, demand for cement advanced 13.7 per cent YoY when compared with the 5M18. "The improvement in the percentage of annual growth in this first part of the year is the result of the positive evolution of housing, which in the last 12 months has grown by 25 per cent, reaching a figure higher than the 107,000 housing permits. In parallel, there are no signs... |
Ex-works cement price stable in El Salvador, retail price sees modest slip17 July 2019, Published under Cement NewsThe price of a 42.5kg bag of cement, ex-works in El Salvador remained stable in May 2019 at $7.57 when compared with the previous month, according to the Salvadoran construction chamber, CASALCO. Retail prices slipped slightly to $8.42/bag (including 13 per cent VAT), down from $8.44/bag in April 2019. |