Cement News tagged under: international
Brazil: Arabian Cement back out of plant project13 December 2016, Published under Cement NewsArabian Cement announced yesterday that it will be postponing further steps to establish a cement grinding facility in Brazil. The adverse conditions in the Brazilian economy are anticipated to impact negatively on the investment with forecast returns below expectations. The company reported it would be entering a joint venture with Cementos Relampago in 2014. The joint venture was to build a 0.23Mta grinding unit in northwest Brazil. |
Bolivian cement demand at 2.6Mta in 9M1612 December 2016, Published under Cement NewsBolivia’s cement market required 2.663Mt of cement in the first nine months of 2016, according to the National Institute of Statistics (INE). Santa Cruz had the highest demand for the grey product at 867,816t, a third of national consumption. La Paz accounted for an additional 20 per cent or 534,037t and Cochabamba an extra 19 per cent of 521,176t. Domestic cement output reached 2.697Mta between January and September of this year. Chuquisaca headed the production figures with 737,4... |
Nepal: Minister for Industry praises Hetauda Cement12 December 2016, Published under Cement NewsNepal’s Minister for Industry, Nabindra Raj Joshi, has praised Hetauda Cement Industry for its role in the nation's future, saying “Hetauda Cement Industry is not just a factory as the nation depends on its future.” Stating that Hetauda Cement Industry was established with state investment, he said the products are expected to be of superior quality in comparison to those of private companies. However, Mr Joshi pointed out that the state-owned company was failing to compete with its priva... |
Vietnam: exports expected to fall 7% in 201609 December 2016, Published under Cement NewsAccording to the Vietnam Building Materials Association under the Ministry on Construction, Vietnam is projected to earn just US$556m this year from 15Mt of cement and clinker exports, representing a seven per cent YoY decline. In the first 11 months of this year, Vietnam exported 13.97Mt of cement and clinker, a 5.93 per cent YoY fall as a result of competition from foreign rivals such as China, India and Pakistan. High export costs also contributed to the weaker performance. Vietnam ... |
Tanzania: three companies plan to expand capacity09 December 2016, Published under Cement NewsWith the implementation of several multi-billion dollar infrastructure projects, cement demand looks to soar in the coming years. In light of this three companies have instigated large-scale investment in cement production, which could see domestic production capacity double, according to Industry, Trade and Investment Minister, Charles Mwijage. Mr Mwijage declined to identify who the potential investors in new capacity were, only saying that they were each at different stages of implementin... |
USA: post-election uncertainty lowers consumption forecast09 December 2016, Published under Cement NewsThe Portland Cement Association (PCA) has lowered its annual growth estimate for 2016 cement consumption from four per cent to 2.7 per cent. It also revised its 2017 US consumption forecast from 4.2 per cent growth down to 3.1 per cent in response to political uncertainty, inflation and slower construction activity. “President-elect Trump continues to shape his cabinet and policies, thus making it difficult to forecast potential outcomes at this point,” PCA Chief Economist, Ed Sullivan sa... |
Belarusian Cement and Eurocement Group sign collaboration contract09 December 2016, Published under Cement NewsBelarusian Cement Company and Eurocement Group, Russia, have signed a contract to regulate cooperation in 2017, according to the Belarusian Architecture and Construction Ministry. The agreement will ensure that deliveries will satisfy Russian demand for Belarusian cement and that 2017 deliveries will be at least as large as those in 2016. The contract was signed by Eurocement Group President, Mikhail Skorokhod, General Director of OAO Belarusian Cement plant, Igor Lozhechnikov, and Direct... |
Report predicts strengthening demand for cement additives in Nigeria and South Africa09 December 2016, Published under Cement NewsA new report by market research firm Frost & Sullivan forecasts that demand for cement additives in South Africa and Nigeria will grow at an annualised rate of 71 per cent as companies look to differentiate themselves from their competitors. "The weak rand and naira are making it expensive for cement additives manufacturers to continue importing products," noted Frost & Sullivan Visionary Science Industry Analyst, Constance Nyambayo. "As cement companies look to novel, cost-effective addi... |
Argentina sees 1.6 per cent drop in domestic cement dispatches08 December 2016, Published under Cement NewsArgentina’s cement market decreased 8.8 per cent MoM and 1.6 per cent YoY to 1,007,207t in November 2016, according to the country’s cement association, AFCP. In addition, around 5,898t of cement were imported, representing a 0.7 per cent fall MoM but a 36.5 per cent rise YoY. However, domestic cement producers were able to increase export sales by 32.8 per cent MoM and 85.4 per cent YoY as 10,663t of cement crossed national borders. For the first 11 months, the domestic cement market co... |
India: falling demand and rising petcoke prices threaten profits08 December 2016, Published under Cement NewsThe Economic Times reports that petcoke prices – which have risen by over 36 per cent since the start of the year – are likely to put a squeeze on cement company profits. This comes on top of the disastrous impact that the withdrawal of higher denomination rupee notes has had on the economy. The Reserve Bank of India’s failure to provide enough new-style notes has had a profound and negative effect in a country where 98 per cent of all transactions are carried out via cash. An analyst ... |