Cement News tagged under: international
FOA call for compliance of the Axle Load Regime06 November 2023, Published under Cement NewsA public notice from the Fleet Operators Association (FOA) of Pakistan urges strict implementation of the axle load regime (ALR) and the National Trucking Policy to save human life while carrying cargo, including raw materials or finished goods for all industries, including cement. The price of human life is invaluable. According to a report by the World Bank on Road Safety, accidents cost Pakistan US$12.55bn or about 4.5 per cent of GDP. The human and material losses can be reduced sign... |
Italy's cement production up 5% in August03 November 2023, Published under Cement NewsItalian cement production saw a five per cent increase YoY in August 2023, reaching an index value of 62 when compared with the base year of 2015, according to the national construction chamber, Federbeton. Cement prices increased by nine per cent YoY in August to an index value of 206 when compared with the base line of 2015. In terms of external trade cement imports fell five per cent YoY to 153,062t in July 2023 with imports up seven per cent in the first seven months of 2023 when compa... |
1QFY23-24 is a good omen for Pakistan’s cement industry03 November 2023, Published under Cement NewsPakistan’s cement industry saw healthy growth in profit after tax (PAT) between July and September 2023 (1QFY23-24) on the back of a 32 per cent YoY advancement in sales, according to Spectrum Securities Ltd, which evaluated the results of the top nine cement makers enrolled at the Pakistan Stock Exchange (PSX), representing 93 per cent of the sector’s market capitalisation. The top nine, which represent 93 per cent of the sector's market capitalisation, saw a 33.3 per cent grow... |
Uzbek cement output up 6% in 9M2331 October 2023, Published under Cement NewsUzbekistan’s cement producers have manufactured 9.2Mt of cement in the first nine months of 2023. This represents a YoY increase of 5.9 per cent when compared with the 9M22, when output reached 8.6Mt. In September alone, Uzbek cement companies produced 1.2Mt. The country’s cement capacity is expected to increase as a UZS3.8trn (US$313m) project has started in Samarkand. The new plant, with input from China Energy International Group, will produce M-400 and M-500 Portland cement. It has a ce... |
WCA launches its World Cement Network31 October 2023, Published under Cement NewsThe World Cement Association (WCA) has launched its specialist networking platform, The Cement Network in cooperation with The World Cement Network (WCN). This platform is designed to cultivate collaboration within the sector, enable the development of talent and offer expert Human Resources services. The WCN will serve the global cement industry by bringing together professionals and organisations from around the globe. This initiative harnesses the power of digital technology to unit... |
Climate pledges must be on time and in full, warns the IEA25 October 2023, Published under Cement NewsDespite an “unstoppable” shift towards clean energy, demand for fossil fuels is still far too high to keep within the Paris Agreement's 1.5˚C goal. That is just one of the findings of the International Energy Agency’s (IEA) ’World Energy Outlook 2023’ report just released. The report describes an energy system in 2030 that includes almost 10x as many electric cars on the road, solar PV generating more electricity than the entire US power system does currently, the share of renewables in t... |
MPA welcomes electricity network compensation in UK25 October 2023, Published under Cement NewsUK producers of cement and lime have welcomed the government's plans to boost UK competitiveness through compensating for high network charges as part of the ‘British Industry Supercharger’. The Mineral Products Association (MPA), which represents UK cement and lime manufacturers, says the network charges compensation announced by the Department for Business and Trade will ease electricity costs and narrow the disparity between the UK and EU industrial electricity prices. Combined with ot... |
Vietnam’s cement market contracts 21% in 9M2323 October 2023, Published under Cement NewsCement sales in Vietnam dropped 21 per cent YoY to 4,031,951t in September 2023, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM reported sales of 1,188,851t, down 26 per cent YoY while other VNCA members saw an identical decline to 833,100t. Non-VNCA producers sold 16 per cent less with sales of 2,010,000t. Total exports increased 31 per cent YoY to 2,288,625t in September 2023. Cement exports saw a 46 per cent YoY advance to 1,394,536t while clinker expo... |
Deutsche Bank clamps down on emissions targets20 October 2023, Published under Cement NewsDeutsche Bank has reportedly set emissions targets for loans to clients in the cement sector as part of the bank’s net-zero target for 55 per cent of its financed emissions. According to Reuters, the bank, which is Germany’s biggest lender, is under increasing pressure from policymakers and investors to encourage clients to reduce their greenhouse gas emissions. Twelve months ago the bank set up a ‘net zero forum’ of senior executives tasked with assessing loan deals of more than EUR25... |
Peruvian cement demand down 12% in September19 October 2023, Published under Cement NewsThe Peruvian cement market contracted by 12 per cent to 1.063Mt in September 2023 from 1.21Mt in September 2022, according to the national cement association, ASOCEM. Of this total, 0.995Mt were supplied by ASOCEM members. Cement production fell by 16 per cent to 0.996Mt in September 2023 when compared with 1.19Mt in September 2022. Clinker production slipped by two per cent YoY to 0.818Mt in September 2023 from 0.831Mt. Cement exports were down 19 per cent to 12,000t in September 2023 f... |