Cement News tagged under: international
Carthage Cement advances 1H turnover by 24%18 July 2023, Published under Cement NewsTunisia-based Carthage Cement increased its turnover by 24 per cent YoY to TND208.546m (US$68.92m) in the first half of 2023, according to information on the Tunis Stock Exchange. The improvement of the company’s results is attributed to a jump in 1H cement sales with local sales increasing by 25 per cent YoY to TND158.822m and exports by 19 per cent to TND31.284m. In addition, the company’s aggregate sales advanced by 38 per cent YoY to TND11.227m. |
Brazilian cement demand up 1% in June17 July 2023, Published under Cement NewsBrazil’s cement market expanded by 1.4 per cent YoY to 5.253Mt in June 2023 from 5.182Mt in June 2022, according to the country’s cement association, SNIC. “Brazil's economy is starting to show signs of recovery with the expectation of growth in the Gross Domestic Product (GDP), control of inflation and improvement in labour market indicators. Even so, the Brazilian cement industry remains cautious in its performance assessment, pointing to stable sales in 2023 compared to the previous year... |
Sarawak signs MoU with two cement producers17 July 2023, Published under Cement NewsSarawak’s cement industry is set to expand with the arrival of YTL Cement Bhd and SCG International (Thailand). Innocement Sdn Bhd, a joint venture between Sarawak’s Economic Development Corp and Bintulu Development Authority, signed a Memorandum of Understanding (MoU) with the two cement producers on 14 July 2023, reports The Star. Tan Sri Abang Johari Tun Openg, premier of Sarawak, said the MoU is part of plans to strengthen Sarawak’s cement supply chain and ensure supply reliabili... |
Sudden rise in Nigerian cement prices17 July 2023, Published under Cement NewsCement prices in Nigeria have risen suddenly, reportedly driven by high inflation that advanced to 22.4 per cent in May. In some markets, a 50kg bag of cement has increased in price from NGN4600-4700 (US$5.92-6.04) to NGN5000 in the space of a few days. According to The Guardian, the prices of building materials have increased by more than 70 per cent between 2022 and July 2023. Retailers have blamed this on higher logistics costs, along with higher fuel costs due to the removal of the fu... |
Pakistan's cement industry performance in FY22-2314 July 2023, Published under Cement NewsIn FY22-23, Pakistan’s cement industry’s local dispatches were affected by expensive construction (high steel and cement prices), declining consumer buying power and cuts in public sector spending. However, the industry saw some respite in the latter half of the year when exports picked up and the industry sustained profitability. Looking ahead, some relief in the import price of Afghan coal and a fall in prices internationally would bode well for the industry, according to the local media r... |
US/Puerto Rican Portland and blended shipments drop 7% in April13 July 2023, Published under Cement NewsPortland and blended cement shipments, including imports, in the USA and Puerto Rico declined by 6.7 per cent YoY to 8.5Mt in April 2023, reports the US Geological Survey (USGS). Of the total blended cement volume, 3.2Mt (96 per cent) was Portland limestone cement (Type IL). The largest state markets for Portland and blended cement in April 2023 were Texas, California, Florida, Georgia and Arizona, which together accounted for 40.9 per cent of total cement consumption. The leading producing ... |
Sinoma to build cement plant in Iraq12 July 2023, Published under Cement NewsSama Samawa Industries Commissioner revealed an agreement with Sinoma to establish a cement factory in Muthanna Governorate, southern Iraq. While stating that the production will reach 7000tpa, the director of the Chinese company affirmed that the factory will be operational by 2025. Taha Mashat, commissioner of Sama Samawa Industries, stated: "The project aims to produce various types of cement, with daily production reaching 7000t and an annual output of 2Mt." Mr Mashat added, "The c... |
Colombian cement consumption up 2% in May11 July 2023, Published under Cement NewsColombia’s cement market expanded by 2.1 per cent YoY to 1.126Mt in May 2023 from 1.104Mt in May 2022, according to DANE, the country’s statistics office. Sales to ready-mix concrete companies were up 5.8 per cent YoY while retail sales increased by 5.3 per cent YoY in May 2023. However, off-take by construction companies and contractors declined by 12.6 per cent in May 2023 when compared with the year-ago period. Domestic cement production slipped by 1.1 per cent to 1.237Mt in may 2023 w... |
Chile’s cement demand contracts 4% in May 202311 July 2023, Published under Cement NewsChilean cement dispatches declined 3.5 per cent YoY to 318,599t in May 2023 from 330,114t in May 2022, according to the national construction chamber, CChC. However, when compared with April 2023, cement demand increased by 6.2 per cent. In the first five months of 2023, dispatches decreased by 7.8 per cent to 1,544,518t from 1,675,216t in the 5M22. |
Argentina's cement market expands 1% in 1H2307 July 2023, Published under Cement NewsCement dispatches in Argentina declined by 2.1 per cent YoY to 1,080,422t in June 2023 from 1,104,066t in June 2022, according to the country’s cement association, AFCP. When compared with the previous month, dispatches edged up by 0.8 per cent from 1,071,951t in May 2023. The market was entirely supplied by domestic production – no imports were reported. Total production from Argentina’s cement plants slipped 2.4 per cent YoY to 1,082,990t in June 2023 from 1,109,725t in June 2022. However... |