Cement News tagged under: international
Spain’s cement consumption sees 9% drop in September19 October 2023, Published under Cement NewsCement demand in Spain fell by nine per cent YoY to 1,137,773t in September 2023, according to the country’s cement association, Oficemen. Exports declined by 6.8 per cent to 391,566t in September when compared with the year-ago month. In the January-September 2023 period, demand contracted by 1.6 per cent YoY to 10,945,946t. Exports for the nine-month period decreased by 3.4 per cent YoY to 4,118,192t. “Since June we have now recorded four months of decline, a situation that we observe ... |
Swiss cement deliveries fall 12% in 3Q2317 October 2023, Published under Cement NewsCement deliveries in Switzerland in the third quarter of 2023 fell 12.1 per cent to 950,101t from 1,080,399t in the 3Q22, reports the Swiss cement association, Cemsuisse. In the January-September 2023 period deliveries were down 10 per cent to 2,854,726t from 3,173,108t in the 9M22. Approximately 2.749Mt of bulk cement was sold in addition to 88,494t of bagged cement. Dispatch was mainly by road, which accounted for 61.9 per cent while 38.1 per cent of deliveries was made by rail. Of tot... |
Iran's cement demand increases 8% in September17 October 2023, Published under Cement NewsThe Iranian cement market expanded by 8.1 per cent to 6.26Mt in September 2023 from 5.79Mt in September 2022, according to the Iranian cement association. Production of cement by domestic cement companies increased by 12.3 per cent YoY to 6.65Mt in September 2023 from 5.92Mt in September 2022 while clinker output was 0.9 per cent up to 6.67Mt from 6.61Mt over the same period. Total exports in September 2023 were down 17.5 per cent to 1.030Mt when compared with the previous year when export... |
INC drops Paraguayan cement prices17 October 2023, Published under Cement NewsThe price of cement produced by Paraguay’s Industria Nacional del Cemento (INC) will be reduced by PYG2000/bag (US$0.27/bag) and by up to PYG40,000/t for bulk cement, according to the country’s president Santiago Peña. “The construction sector is key to generating jobs, that is why we achieved a reduction of PYG2000/bag of cement produced by the INC, in all types and up to PYG40,000 less in bulk,” said Mr Peña. Composite Portland cement (CPII-C40) will be sold at PYG55,000/bag, while the ... |
Colombian cement market contracts 7% in August16 October 2023, Published under Cement NewsCement consumption in Colombia declined 7.3 per cent to 1.103Mt in August 2023 from 1.19Mt in August 2022, according to the national statistics office, DANE. Contributing to this overall trend, bulk sales were down 9.6 per cent YoY while bagged cement sales decreased by 6.2 per cent YoY. The drop was led by the building companies and contractors segment, which reduced their off-take by 19.9 per cent YoY during the period, while concrete companies reported a 5.9 per cent drop in requireme... |
Study reveals cost of decarbonising India's cement industry16 October 2023, Published under Cement NewsIndia’s steel and cement plants will require INR47trn (US$627bn) in additional capital expenditure (capex) to achieve net-zero carbon emissions, according to independent studies by the Council on Energy, Environment and Water (CEEW). The studies also suggest that both industries will require additional operational expenditure (opex) of INR1trn each year to go net zero. The study also found that an 8-25 per cent reduction in steel emissions and 32 per cent reduction in cement emissions is p... |
Chile’s cement dispatches drop 18% in August16 October 2023, Published under Cement NewsCement dispatches in Chile saw a 17.5 per cent drop in August 2023 to 247,238t from 299,855t in August 2022, according to the country’s construction chamber, CChC. In the January-August 2023 dispatches were down 8.7 per cent YoY to 2,326,421t from 2,549,139t in the 8M22. |
Brazilian cement market contracts 2% in 9M2313 October 2023, Published under Cement NewsCement sales in Brazil declined by 4.6 per cent YoY to 5.222Mt in September 2023 from 5.476Mt, according to the Brazilian cement association, SNIC. High basic interest rates of 12.75 per cent continue to impact the amount of real state financing for construction, which had a reduction of 44 per cent in the period up to August 2023 when compared with the previous year. In addition, the recovery of population income continues to slow and there remains a high level of household debt, which reac... |
Argentina’s cement market contracts 8% in September12 October 2023, Published under Cement NewsCement consumption in Argentina fell by 7.8 per cent YoY to 1,118,042t in September 2023, according to the country’s cement association, AFCP. Argentina’s total demand was met by local producers and no imports were recorded. Domestic cement producers manufactured 1,122,500t of cement, down 7.8 per cent YoY in September 2023. Of this total, they exported 4458t, representing a 10.5 per cent decrease when compared with September 2022, when 4982t were exported. January-September 2023 In the... |
A review of the financial performance of Pakistan's cement sector during FY22-2312 October 2023, Published under Cement NewsTopline Research of Pakistan has reviewed the financial performance of the top 13 listed cement companies (out of 15) on the Pakistan stock exchange (PSX). These 13 companies comprise 99 per cent of the total sector market capitalisation. Pakistan's cement sector saw profits down three per cent YoY in FY22-23 despite the pre-tax profitability up 11 per cent YoY in FY22-23. The research house reports that Pakistan’s listed cement sector has reported after-tax earnings (PAT) of PKR51bn (US$... |