Cement News tagged under: international
Vietnam cement sales rise 5% in March28 March 2018, Published under Cement NewsVietnam sold an estimated 7.96Mt of cement in March, representing a 4.5 per cent MoM increase and 25 per cent of the full-year target, according to the Vietnam Building Material Association. Domestic market sales rose 12.6 per cent MoM to 5.56Mt but fell 11 per cent on the year-ago period. The figure includes 2.1Mt sold by the Vietnam Cement Industry Corporation (Vicem). The country’s exports reported significantly positive results, advancing 30 per cent YoY to 2.3Mt. In the 1Q18 ... |
Foreign direct investment in Pakistan's cement sector rises27 March 2018, Published under Cement NewsPakistan cement and construction industry have received a foreign direct investment (FDI) of US$516.07m during first eight months of FY17-18 (July 2017-February 2018), compared to US$190m received in corresponding months of last fiscal year. This translates a growth of 172 per cent YoY. State Bank of Pakistan data reports that Pakistan's cement industry attracted FDI of US$39.8m and the construction industry US$476.90m, compared to US$25m and US$165m, respectively in July 2016-Febru... |
Niger’s NCN to open soon23 March 2018, Published under Cement NewsNouvelle Cimenterie de Niger (NCN) is expected to enter operation soon and some 85 per cent of the construction work has been carried out, according to local news reports. The unit, which has been under construction since 2001 represents an investment of XOF48bn (US$133.3m) and recently played host to the country’s Minister of Industry, Mallam Zaneidou Amirou. The 0.54Mta works, located on a 350,000m 2 plot in Ader will enable to carry out large infrastructure project with domestic cemen... |
Sinoma Cement joins the World Cement Association23 March 2018, Published under Cement NewsThe World Cement Association (WCA) announced today that Sinoma Cement is the latest addition to its international membership spanning 35 countries. Sinoma joins as a corporate member. "Sinoma Cement was one of the first Chinese companies to pursue an international business strategy, and we naturally look forward to working with an organisation that values the importance of a global network," said WCA Secretary General, Norman Greig. Sui Yumin, chairman of Sinoma Cement, noted: "The Wo... |
Cement demand in Spain shows double-digit growth22 March 2018, Published under Cement NewsCement demand in Spain expanded by 11 per cent in the 12 months up to January 2018 when compared with the year-ago rolling year, according to the new Cement Barometer, prepared by Oficemen, the country’s cement association. The latest figure has seen domestic consumption rise for 11 consecutive months with YoY double-digit increases noted in the past two months. However, cement and clinker exports have continued their decline, falling 10 per cent in 2017. |
Egypt exports rise 79% in January22 March 2018, Published under Cement NewsEgypt’s cement exports increased 79 per cent in January 2018 to reach US$7m, compared to US$4m in the year-ago period, according to a report from the country's Export Council for Building Materials. This follows a recent 194 per cent rise in cement exports to Yemen, which contributed US$1.3m in January. Exports to Kenya boomed, advancing 6630 per cent to US$1.9m from US$29,000. However, cement dispatches to Saudi Arabia declined 25 per cent YoY to US$891,000 from US$1.19m. Following t... |
Lafarge Cement to supply Malaysian rail link project20 March 2018, Published under Cement NewsLafarge Cement Sdn Bhd, a subsidiary of Lafarge Malaysia, has been awarded a MYR270m (US$68.92m) cement supply contract by the China Communications Construction Company (CCCC), for the East Coast Rail Link (ECRL) project. The contract will see the company supply cement for all eight stages of work from now until 31 December 2019. Beyond this, the agreement is renewable for a further two years subject to mutually-agreed terms and conditions. "We are very pleased to be awarded the trust... |
Peru sees February consumption edge up19 March 2018, Published under Cement NewsCement demand in Peru increased by 1.4 per cent YoY in February 2018 to 0.824Mt from 0.812Mt, according to the latest data by Asocem, the country’s cement association. When compared with January 2018, the decline is 1.4 per cent from 0.861Mt. Cement sales by domestic producers in Peru slipped 0.2 per cent YoY to 0.735Mt in February 2018. When compared with the previous month, the decline was 7.8 per cent from 0.798Mt. Cement production in February 2018 fell to 0.717Mt from 0.802Mt in J... |
Imported petcoke prices rise to a multi-year high in March19 March 2018, Published under Cement NewsThe price of petcoke imported to India has risen to a multi-year high in March. This has been attributed to both increased demand and a supply shortage because of maintenance work undertaken by refiners, reports Mint. "Indian demand for petcoke is around 23-24Mta, while domestic supplies total up to around 14Mta. Suppliers are not in a rush to sell into the Indian market for there is some healthy demand from other regions like Latin America," said Deepak Kannan, managing editor of Asia The... |
Vessel transporting 1050t of clinker sinks in Bangladesh19 March 2018, Published under Cement NewsA vessel transporting 1050t of clinker to Khulna, Bangladesh, sank on Thursday after a crack appeared in its hull. While 11 crew members were on board at the time, all were rescued by locals. "We felt something was wrong in the vessel from the beginning of the journey, that’s why we tried to speed up and anchor here," said Rabiul Islam, master of the ship. Crew members have commented on the potential negligence of the appropriate authorities who noticed the fault but did not unload the... |