Cement News tagged under: international
Spain's cement demand up 9% in November22 January 2019, Published under Cement NewsSpain’s cement consumption index (IDC) noted a 9.2 per cent YoY increase in November 2018, according to the Spanish cement association, Oficemen. MoM a 2.4 per cent decrease was reported. Between December 2017 and 2018, 13.4Mt of cement was sold – 1.1Mt more than in the equivalent period of the previous year. While consumption levels remain low – similar to the level noted in 1967 – they continue to rise. “We look with optimism at the investment growth contemplated by the Ministry of Deve... |
Cement price rise concerns Philippine housing developers22 January 2019, Published under Cement NewsHousing developers in the Philippines have become alarmed at the sudden rise in cement prices in the last few weeks. The Organization of Socialized and Economic Housing Developers of the Philippines (OSHDP) and the Socialized Housing Alliance Roundtable Endeavour (SHARE), an association of non-government organisations (NGOs) engaged in housing development, reported that teh hikes in price of the commodity and shortages were of concern. Cement prices for 40kg bags jumped from PHP205 (US$3.87... |
Chinese manufacturer to enter Sri Lankan market22 January 2019, Published under Cement NewsA Chinese cement manufacturer will set up a plant in the Hambantota Export Processing Zone, Sri Lanka, according to Nalin Bandara, deputy minister of Development Strategies and International Trade. Although the name of the manufacturer has not been released, it is the first time that a Chinese manufacturer has entered the country's market. "Since most of the regional markets have large cement manufacturers, this Chinese company would mainly concentrate on Sri Lankan markets," said Mr Banda... |
Cement production in Pakistan dips during 5MFY1921 January 2019, Published under Cement NewsPakistan Bureau of Statistics (PBS) has reportged numbers of quantum index of the Large Scale Manufacturing (LSM) which posted a cumulative decline of 0.90 per cent YoY during 5MFY19, against the growth of 7.66 per cent YoY in 5MFY18. The cement production has also been affected during this period. Pakistan's cement industry recorded a contraction of 0.62 per cent during first five months of FY18-19, between July and November, 2018, as production fell from 16.669Mt of cement to 16.565Mt, ... |
FDI declines in cement and construction industry in 6MFY1921 January 2019, Published under Cement NewsPakistan received a total foreign direct investment (FDI) of US$1.31bn during the first six months of FY18-19 (July -Dec), compared to US$1.63bn received in corresponding months of last fiscal year. This translates a YoY fall of 19.17 per cent, says the State Bank of Pakistan (SBP). Out of which, Pakistan's cement and construction industry received foreign direct investment (FDI) of US$312.1m during the six months of FY18-19 (July -Dec), compared to US$380.50m received in corresponding mo... |
Bangladesh cement industry to expand despite rise in raw material costs21 January 2019, Published under Cement NewsThe Bangladeshi cement industry is expanding its capacity despite increases in raw material costs. In 2017 the effective capacity of active plants stood at about 50.20Mta, which is estimated to reach about 65Mta by 2019, according to the annual report of MI Cement Factory Ltd. Cement consumption stood at about 27.1Mt in Bangladesh last year. But despite the huge growth of the industry, Bangladesh is still one of the lowest consumers of cement products in the world. The demand is expected ... |
Saudi producers to benefit from Neom Bay construction start-up21 January 2019, Published under Cement NewsSaudi Arabia will start developing the first major area of Neom, the kingdom's multi-billion dollar mega-city, from 1Q19. The founding board of Neom, chaired by Crown Prince Mohammed bin Salman, approved the concept of the masterplan for ‘Neom Bay’ which will be the first residential area to be developed in the city. The construction work will be completed in 2020. The full implementation phase of the US$500bn Neom project could potentially bring in more than 20Mta of cement demand at its... |
Work on West Pokot facility set to begin18 January 2019, Published under Cement NewsCemtech Ltd, a subsidiary of India’s Sanghi Group, has moved construction machinery to begin work on its proposed facility in West Pokot, Kenya, by the end of this month. "We start construction in January now that we have been granted all the required 65 licences and consents," said Rajesh Rawal, Cemtech CEO. "We are deploying a plant that will make cement at the least possible cost and allows us to price our product competitively." The receipt of the approvals means that phase one of the... |
Former Himal Cement Factory provides land for dry port18 January 2019, Published under Cement NewsThe former Himal Cement Factory, which has been shutdown, is providing land for the developing the dry port in Chovar Kirtipur municipality, Nepal, under guidance of the Nepal Intermodal Transport Development Board under the Ministry of Industry, Commerce and Supplies with the loan assistance from the World Bank. The dry port is being constructed in a piece of 11.77ha land allocated by Himal Cement Factory at an estimated cost of NPR1.48bn (US$13.3m). The government acquired the former la... |
Puerto Rican cement sales surge 39% in 201817 January 2019, Published under Cement NewsCement sales in Puerto Rico advanced by 38.9 per cent to 14.3m bags of 42.5kg, or 607,750t in 2018. The figure is the highest reported since 2014 and has been attributed mainly to the island’s reconstruction drive following Hurricane Maria. Cement output reached 13.2m bags, or 561,000t, representing a 44.6 per cent rise YoY when compared with 2017, when production volumes fell by 14.2 per cent, according to Esmerk Latin American News. |