Cement News tagged under: international
South Africa's construction sector unlikely to recover before 202126 February 2019, Published under Cement NewsFollowing Finance Minister Tito Mboweni's first budget, economist Dr Azar Jammine has raised hopes for a "major recovery" in the South African economy, but he warned it was unlikely to happen before 2021. Speaking at AfriSam's 2019 National Budget Breakfast in Sandton on Thursday, Dr Jammine told a diverse audience of more than 200 people from the construction sector that 2019-20 would remain very difficult. Planned government investment in infrastructure, for instance, was expected to rise... |
Construction industry booming in Bangladesh26 February 2019, Published under Cement NewsThe demand for cement, steel, bricks and other construction materials recorded a good growth in Bangladesh during 2018 and looks to perform even better this year implementation of major infrastructure projects is accelerated, according to local media reports. According to Munir Uddin Ahmed, president of the Bangladesh Association of Construction Industry (BACI), 2018 was good for the industry as there had been no sharp increase in the prices of raw materials, and prices of cement, stones,... |
Vietnam expected to record 8-9% cement sales increase25 February 2019, Published under Cement NewsVietnam is expected to record an 8-9 per cent YoY rise in cement sales to 98-99Mt in 2019, according to a forecast by the country’s Ministry of Construction. Of this, domestic sales would consist of 70Mt while the additional 29-30Mt would be exports. Two more production lines are also expected to push cement output to 101.74Mt from a total of 84 lines. The country produced 90.2Mt of cement in 2018. |
Kazakhstan’s Alacem to launch KZT49bn cement plant21 February 2019, Published under Cement NewsKazakhstan-based Alacem plans to launch a cement plant in the Kerbulak rural district of the Almaty reigon in 2019, according to the regional administration’s press office. The new plant will have a capacity of 1.2Mta and represents and investment of KZT47bn (US$125m). |
Georgian Cement Association: 15 of 29 cements tested meet EU standards21 February 2019, Published under Cement NewsA total of 15 out of 29 cement types in Georgia checked for quality meet the European EN197-1 standard, according to the Georgian Cement Association. The remainder use cheap and inappropriate materials, says the association, who coordinates quality control of cement on the Georgian market since 2017. "We checked 36 samples of cement in November 2018 and only 13 of them met European standards," the association added. The association supports domestic producers in manufacturing a product th... |
Saudi megaprojects unable to halt cement demand decline in 201921 February 2019, Published under Cement NewsSaudi Arabia’s high-profile large-scale project will be unlikely to halt a fall in cement demand in 2019, according to Al Rajhi Capital. The third-quarter of 2018 saw sales volumes decrease by 13 per cent YoY with average sales prices remaining week despite the price hike in the fourth quarter experienced by some cement producers. In 2019 this decline in demand is expected to continue as the government’s capital spending remains limited and construction costs rise. The research house for... |
Peru’s cement market expands 10% in January20 February 2019, Published under Cement NewsCement demand in Peru increased to 1.022Mt in January 2019, according to the latest figures by the country’s cement association, Asocem. This represents a YoY rise of 9.8 per cent from 0.931Mt reported in January 2018. Domestic cement dispatches edged up 0.3 per cent YoY in January 2019 to 0.8Mt but were 6.4 per cent lower than in December 2018. To meet national demand, they were supplemented by 11,000t of cement imports, which represents a 82.8 per cent decrease from the year-ago import v... |
Cemtech Middle East & Africa off to successful start19 February 2019, Published under Cement NewsOver 200 delegates from the global cement industry have come together for Cemtech Middle East & Africa 2019, which is being held at the Grand Hyatt Dubai, UAE, between 17-20 February. International Cement Review's Managing Director, Thomas Armstrong, inaugurated the conference by welcoming delegates to Dubai. Mr Armstrong considered how oversupply is one of the largest issues that dominates the cement sector in the Middle East and African region, with a 55-60 per cent utilisation rate in 20... |
Saudi Arabia to invest US$20bn in Pakistan19 February 2019, Published under Cement NewsSaudi Crown Prince Mohammad bin Salman is investing US$20bn under phase one in Pakistan for number of projects in energy, petrochemicals, minerals, tourism and other projects. The crown prince, who is visiting Pakistan for two days on the invitation of Prime Minister Khan, was accorded a red carpet welcome and presented a guard of honour at the Prime Minister's House. Both government have signed number of MoUs to pave the way for mutual development of projects in future. Expert belie... |
CNBM wins EPC contract in Georgia18 February 2019, Published under Cement NewsBeijing Triumph International Engineering Co Ltd, a branch of CNBM, has won an EPC contract to supply a cement facility for Georgia-based Mega Production. The company, formerly known as TbilCement Group, still has to secure funding for the 1500tpd project. Georgia’s Basis Bank signed a strategic partnership with China Development Bank (CDB) for loan offerings to Chinese projects in the country, with US$20m offered in 2016 and 2017. Due to the significance of these plans, both Basis Bank and... |