Cement News tagged under: international
Dalmia Cement plans 100% renewably-powered plant in Madhya Pradesh24 October 2024, Published under Cement NewsDalmia Cement has announced plans to construct a 4Mta cement plant in Madhya Pradesh, becoming the first such facility in India to operate entirely on renewable energy. The project, valued at approximately INR30bn (US$ 356.82m) was revealed by Group Managing Director, Punit Dalmia, during the fifth Regional Industry Conclave (RIC) held in Rewa district on Wednesday. The new plant is part of Dalmia Cement’s broader commitment to sustainability and clean energy, with the company aiming ... |
High electricity costs trigger price hikes among Vietnamese cement producers23 October 2024, Published under Cement NewsVietnam’s leading cement manufacturers, including Vicem Bim Son, Bút Son, The Vissai, Thành Thang Group, and Xuân Thành Cement, have announced price hikes starting from 20 October 2024, driven by rising production costs, particularly due to higher electricity prices. The adjustment will see cement prices increase by VND50,000/t (US$1.97/t) across most producers, with The Vissai opting for a smaller rise of VND46,300/t. According to a Thành Thang Group representative, the hike follows a... |
Vietnamese cement market expands 6% but exports fall 14% in September22 October 2024, Published under Cement NewsVietnamese cement sales increased six per cent YoY but fell 14 per cent MoM to 4,252,989t in September 2024, according to the latest data by the VNCA, the country’s cement association. Of this total, VICEM reported sales of 1,238,930t, up four per cent YoY but down 17 per cent MoM, while other VNCA members saw similar trends to 864,059t in September 2024. Non-VNCA members reported a seven per cent YoY rise sales to 2,150,000t but saw sales fall by 10 per cent when compared with August 20... |
200th anniversary of the Portland cement patent21 October 2024, Published under Cement News200 years ago today, on 21 October 1824, the patent for Portland cement was granted to Joseph Aspdin (1778-1855), a bricklayer and inventor from Leeds, UK. The product was called Portland cement because of the resemblance of the hardened concrete to Portland stone, a limestone quarried on the Isle of Portland in Dorset, UK. Portland cement, patented by Joseph Aspdin on 21 October 1824 Mr Aspdin, along with contemporaries including Louis Vicat (hydraulic limes), Isaac Johnson (s... |
Peru’s cement market contracts 2% in September21 October 2024, Published under Cement NewsCement dispatches in Peru slipped by two per cent YoY to 1.06Mt in September 2024 from 1.081Mt in September 2023, according to the country’s cement association, Asocem. Of this total 0.967Mt was produced by Asocem members. Output by Asocem members remained stable at 0.997Mt in September 2024when compared with a production of 0.996Mt in the equivalent period of the previous year. Clinker production fell by 19 per cent YoY to 0.661Mt in September 2024 from 0.818Mt in the year-ago period. ... |
Dalmia Bharat reports decline in profits21 October 2024, Published under Cement NewsDalmia Bharat Ltd has reported a 60.1 per cent decline in consolidated net profits to INR490m (US$5.8m) for the September quarter due to a decline in cement prices. The company had posted a net profit of INR1.23bn for the same period last year. In this period, the company has noted that operations are also down 2.09 per cent to INR3.08bn from INR3.15bn in the previous year. Sales volume was up by 14.1 per cent to 6.7Mt YoY. Dalmia Bharat’s CFO, Dharmender Tuteja, said, “We delivere... |
Argentina’s cement consumption down 18% in September21 October 2024, Published under Cement NewsCement demand in Argentina has fallen 18.4 per cent YoY to 912,689t in September 2024 from 1,118,070t, reports AFCP. This includes 429t of imports. Domestic production declined by 18.3 per cent YoY to 917,386t in September 2024 from 1,122,528t in the year-ago period. Of this total 5127t were exported, up 15 per cent from 4458t in September 2023. January- September 2024 In the first nine months of 2024 Argentina’s cement market has contracted by 27 per cent YoY to 6,963,271t from 9,542,... |
Cement prices in Niger expected to see significant drop18 October 2024, Published under Cement NewsCement in Niger is expected to be sold at significantly lower prices following the signing of an order determining the special tax regime applicable to importing, producing and marketing CEM II 32.5 grey cement. The order was signed by Brigadier General Abdourahamane Tiani, president of the country's National Council for the Safeguarding of the Fatherland, on 14 October 2024 and includes a total exemption from the tax on financial activities (TAFI) on accrued interest not yet due on loans. C... |
UltraTech Cement expands capacity to 156Mta17 October 2024, Published under Cement NewsUltraTech Cement , the cement flagship of the Aditya Birla Group, has announced the completion of a significant capacity expansion, bringing its total cement production capacity to 156.06Mta. This addition forms part of the company's broader 22.6Mta capacity expansion plan, originally announced in June 2022. With this development, UltraTech solidifies its position as the third-largest cement producer globally, excluding China, with a consolidated grey cement capacity of 154.86Mta. This e... |
Pakistan producers expect mixed results in 1QFY24-2517 October 2024, Published under Cement NewsPakistan Stock Exchange (PSX) listed cement firms have yet to start posting their financial results for 1QFY24-25. However, Topline Pakistan Research believes that its Cement Universe (comprising Lucky Cement, Kohat Cement, DG Khan Cement , Maple Leaf Cement and Fauji Cement Co Ltd – the country's top five cement producers) is expected to post profitability of PKR13.3bn in the first quarter of FY24-25 against a profit of PKRs12.9bn in the 4QFY23-24, up by three per cent QoQ, mainly ... |