Cement News tagged under: international
Pakistan cement sales expected to rise 22%02 February 2018, Published under Cement NewsPakistan cement sales are expected to post a 22 per cent YoY growth for January 2018. This translates to an increase of 3.7Mt from the year-ago period, mainly supported by high local demand, reports The News International. "We attribute this (increase) to higher demand coming from ongoing development projects and housing schemes," said Nabeel Khursheed, an analyst at Topline Securities, in a financial report. "Local dispatches are expected to post growth of 26 percent on yearly basis,... |
Indian demand to pick up by 2% in FY1801 February 2018, Published under Cement NewsIndian cement demand has been forecast to increase by two per cent in FY18, according to a notice by ICRA. In the first eight months of FY18 cement production grew by 0.6 per cent YoY, to 190Mt from the 188.8Mt reported in the year-ago period. However production declined in the first and second quarter of FY18 when compared to FY17, falling 3.3 per cent and 0.4 per cent respectively, reports The Financial Express. Demand has been impacted by a variety of issues throughout the year such as ... |
Foreign currency shortage leaves Sino Zimbabwe short of cement bags01 February 2018, Published under Cement NewsSino Zimbabwe Cement company has a foreign currency shortage problem that has left it short of funds to pay for cement packaging material, reports the Zimbabwe chronicle. The Gweri-based cement producer has been pledged foreign currency allocations as a priority by the central bank to enable it to buy raw materials for cement production, but with demand for cement rising so quickly that there has been an increase in the need for bagging material as well for which Sino Zimbabwe needs foreig... |
Plans for new plant in Kyrgyzstan31 January 2018, Published under Cement NewsA new cement plant is to be constructed in Jalal-Abad, Kyrgyzstan. The facility is part of a wave of new investments in the country this year, which is expected to total US$2bn. The project itself represents an investment of US$140m by Chinese investors, according to Central Asia News. The plant is expected to complete the construction stage within two years, and have a capacity of 1.3Mta. Currently, China Energy Reserve and Chemicals Group is completing procedural questions about the sourc... |
Leading cement companies form the GCCA31 January 2018, Published under Cement NewsNine leading companies in the cement sector have launched the Global Cement & Concrete Association (GCCA). The founding members are Cemex, CNBM, CRH, Dangote, Eurocement, HeidelbergCement, LafargeHolcim, Taiheiyo and Votorantim. The GCCA has been created to develop and strengthen the industry’s contribution to sustainable construction, according to a press release. In order to achieve this, the GCCA will promote the development of durable and environmentally conscious infrastructure at ... |
Vietnam produces 7.2Mt of cement in January31 January 2018, Published under Cement NewsVietnam is likely to have produced 7.2Mt of cement in January, which fell 5.8 per cent from December 2017 but rose 29.7 per cent from a year earlier, according to latest data from the government-run General Statistics Office. In 2017, Vietnam made 85.4Mt of cement, including 7.6Mt in December, according to the revised figure. The country now has 82 cement production lines with a combined capacity of 97.64Mta.The Vietnam Cement Association (VNCA) has warned that Vietnam will face a glu... |
Sinoma requires project finance for Phase III of Thanh Thang30 January 2018, Published under Cement NewsSinoma International Engineering Co Ltd is seeking project finance from international financial institutions to build the third phase of a 6000tpd Thanh Thang project in Ha Nam province, Vietnam, Inside International Industrials quotes the company’s General Manager, Mr Chen. The estimated total project investment is US$220m. Sinoma signed the EPC contract with Thanh Thang Cement Group in May 2017. However, the subdued economy has resulted in the slow progress of the third phase. The initia... |
Uzbekistan cement manufacturers to sell at fixed prices29 January 2018, Published under Cement NewsUzbekistan’s cement manufacturers plan to open points of sale at fixed prices to customers, in the hope that this will prevent speculation in the market. Qizilqumsement JSC and Bekabadcement JSC have already begun this initiative, according to Trend News. The points of sale are expected to open in all major cities and districts of the country. The cost of cement in the country varies between UZS430,000-490,000/t (US$52-60/t), depending on region. Uzbekistan has a total capacity of 8.5Mta ... |
Ghana's cement manufacturers suggest policy to consume surplus26 January 2018, Published under Cement NewsCement companies in Ghana have appealed to the government to act upon a policy that would ensure all future roads in the country are constructed out of concrete, reports Modern Ghana. A member of the Cement Monitoring Committee (CMC) stated that President Akufo Addo had mentioned the possibility of such a scheme in the past. Manufacturers insist that the proposal would help the country consume the surplus cement that the country is generating. Figures from the CMC show that Ghana consumes... |
Gabon sees 6% market contraction26 January 2018, Published under Cement NewsCement sales in Gabon reached 245,530t, a drop of 5.5 per cent YoY by the end of September 2017. The volume represents a revenue of XAF18.18bn (US$34.4m), down 9.9 per cent, according to the Ministry of Economy and Fiscal Policy. Output during this period stood at 250,058t, a decrease of 5.7 per cent following the stoppage of the Cimgabon plant and strong imports from China. However, the third quarter saw a robust increase in production when compared with the first half of the year after ... |