Cement News tagged under: international
Pakistan's Federal Budget FY20 serves up mixed bag of tax measures13 June 2019, Published under Cement NewsPakistan Minister of State for Revenue, Hammad Azhar, presented the incumbent's governments first federal budget on 11 June with a total outlay of PKR8.2trn (US$53.9bn), which is 38.9 per cent higher than the FY18-19 Federal Budget. The FY19-20 Budget has been prepared to achieve the following economic targets: real GDP growth of 2.4 per cent, inflation between 11-13 per cent, a tax-to-GDP ratio of 12.6 per cent, a fiscal deficit of 7.1 per cent, tax revenues of PKR5.55trn, a primary defi... |
Brazil's cement sales rise 6% in 5M1912 June 2019, Published under Cement NewsIn May apparent cement consumption (domestic sales plus imports) in Brazil increased 27.7 per cent YoY to 4.6Mt, according to the country's cement association, SNIC. The sharp rise reflects the 10-day nationwide truckers' strike in May 2018 that damaged economic activity and saw domestic cement sales down by 0.9Mt. Sales were up 30.5 per cent in the key southeast market to 2.262Mt, while the northeast – the country's second-largest market – reported a 23 per cent advance to 0.889Mt. In the s... |
Vietnam's cement exports rise 4% in 5M1912 June 2019, Published under Cement NewsVietnam exported 13.82Mt of cement worth US$589.95m in the 5M19, an increase of four per cent YoY in volume and 23.2 per cent in value, according to the General Department of Vietnam Customs. The country’s cement exports are expected to hit a target of 25Mt in 2019. Elsewhere, Nguyen Van Cung, chairman of Vietnam Cement Association (VNCA), has stated that the country’s domestic industry requires the participation of large players and firms to help lower production costs, raise labour produc... |
Economic Survey encompasses cement industry performance in 9MFY1912 June 2019, Published under Cement NewsPakistan's government has released its economic survey for 2018-19. Reviewing the performance of the country's industrial sector including cement during 9MFY19, the survey reported that provisional growth in industrial sector has been estimated at only 1.4 per cent, mainly due to the decline by 2.1 per cent in the large-scale manufacturing sector and by nearly two per cent in mining and quarrying. The cement industry has been under pressure in this fiscal year as development expenditure h... |
Buzzi Unicem reports fire at Stockertown plant10 June 2019, Published under Cement NewsBuzzi Unicem USA reported a fire at its Hercules facility in Stockertown, Pennsylvania, last Friday night. Crews of firefighters from local departments were called to the scene and arrived to see flames on the third-floor platform of the preheater tower. The firefighters pulled water from a nearby creek to put out the fire, which was reportedly under control after two hours. The fire was contained to a kiln in-feed area and workers were able to resume production, despite six plant worke... |
Puerto Rican sales decline 11% in May07 June 2019, Published under Cement NewsPuerto Rican cement sales fell 11.1 per cent YoY to 1.21m bags, or 51,425t, in May, following a 13.9 per cent drop in April. Output from local cement plants was off by one third to 1m bags (42,500t). The May data represent the fourth-consecutive monthly decline since sales started to fall in February, reversing their 13-month climb, according to Sin Comillas. Total demand (including imports) in 2018 increased by 38.9 per cent YoY to 607,750t (14.3m bags) from 437,750t (10.3m bags) in 2017.... |
Eurocement provides update on Akhangarancement07 June 2019, Published under Cement NewsMikhail Skorokhod, president of Russia's Eurocement group, has provided an update on the company’s Akhangarancement project to the President of Uzbekistan, Shavkat Mirziyoyev. The plans will see a group of industrial projects developed in Akhangaran, Uzbekistan. "The result of the cluster will be a production complex with an annual capacity of 5Mt of cement, 144,000m 3 of ready-mixed concrete, 30,000m 3 of concrete products, as well as other products. The company will make a significant... |
Key risks to near-term oil price06 June 2019, Published under Cement NewsGlobal oil demand is growing at its weakest rate since 2012 while global oil supply disruptions continue to be at their highest levels in almost 30 years, according to Bank of America Merrill Lynch (BoAML). Key risks to the oil price remain with US trade wars and tensions with Iran affecting demand and supply, respectively. In addition, the bank also highlights the “ultimate ultra-bearish scenario” where China relinquishes trade negotiations, ignores US sanctions and proceeds to purchase Ira... |
Kinshasa cement price declines 19%06 June 2019, Published under Cement NewsThe price of grey cement in Kinshasa, Democratic Republic of Congo, has fallen by 19.4 per cent to CDF13,300 (US$8.07) currently from CDF16,500/50kg bag in April, according to the Congolese press agency, ACP. The price drop has been attributed to supply currently exceeding demand. However, in the east of the country the supply of cement is significantly lower with only two plants in operation. A third is in the process of being rehabilitated. |
Argentine market expands 4% in May05 June 2019, Published under Cement NewsArgentina’s cement consumption advanced 4.3 per cent YoY to 964,762t in May 2019 from 924,211t in May 2018, according to the latest data by the country’s cement association, AFCP. Market demand was entirely met by domestic production in May 2019, unlike in the year-ago period when 554t was imported. In addition, cement producers in Argentina exported 8891t of cement, up 49 per cent YoY. January-May 2019 In the January-May 2019 period domestic demand slipped 6.9 per cent to 4.601Mt, dow... |