Cement News tagged under: international
Cement players expect demand in FY24 to remain stable16 June 2023, Published under Cement NewsTopline Securities hosted the Pakistan Cement Conference 2023, where top executives of major cement players Maple Leaf Cement (MLCF), Lucky Cement (LUCK), DG Khan Cement (DGKC), Cherat Cement (CHCC), Kohat Cement (KOHC) and Pioneer Cement (PIOC) participated in the conference through Zoom recently. They ruled out unanimous fears of a price war, stating that it would be unwise to start a price war due to economic conditions and slow demand. However, they believed that major ... |
Chile’s cement market contracts 4% in April15 June 2023, Published under Cement NewsCement dispatches in Chile declined 4.2 per cent YoY to 299,858t in April 2023 from 313,101t in April 2022, according to the country’s construction chamber, CChC. In the January-April 2023 period cement sales were down 8.9 per cent YoY to 1,225,919t from 1,345,102t in the 4M22. |
KHD host Saudi cement sector at Vision 2030 Symposium15 June 2023, Published under Cement NewsKHD hosted executives of the Saudi cement sector at the one-day KHD Vision 2030 Symposium. Taking place at the Hyatt Olaya Hotel in Riyadh, attendees discussed matters with KHD executives, sales representatives as well as experts from the company’s pyroprocessing and grinding departments. Representatives from KHD’s EPC partner, AVIC International Beijing, and knowledge partner A3&Co ® , also spoke, while two panel discussions provided the opportunity to hear insight and feedback from the cem... |
BCMA calls on government to lower customs duty on clinker14 June 2023, Published under Cement NewsThe Bangladesh Cement Manufacturers Association (BCMA) has urged the country’s government to reduce the customs duty on clinker. Cement producers are currently required to pay a duty of BDT500/t (US$4.61/t) on imported clinker. The government has proposed to increase this to BDT700 in its budget for the next fiscal year. Alamgir Kabir, president of the BCMA, says the association has been campaigning for a reduction in the customs duty for some time now, in the hope of lowering it from BDT5... |
Brazilian cement market expands 1% in May13 June 2023, Published under Cement NewsCement sales in Brazil (excluding imports) increased by 1.2 per cent to 5.56Mt in May 2023, when compared with 5.494Mt in May 2022, according to the Brazilian cement association, SNIC. The northern market saw the biggest increase, by 8.3 per cent YoY, to 234,000t, followed by the south, where the uptick was 3.9 per cent YoY to 975,000t. The country’s largest sales region, the southeast reported a 3.9 per cent expansion of its sales to 2,647,000t. However, in the northeast, sales were down 1... |
Cement demand in Argentina slips in May13 June 2023, Published under Cement NewsThe Argentine cement market contracted 1.5 per cent YoY to 1,072,110t in May 2023, according to the country’s cement association, AFCP. In May 2022 domestic consumption reached 1,088,000t. However, MoM demand was up 4.2 per cent from 1,028,598t in April 2023. Market demand was entirely supplied by domestic production, which contracted two per cent YoY from 1,098,484t to 1,076,287t in May 2023. MoM, output from Argentina’s cement plants increased 3.9 per cent from 1,035,525t in April 2023. ... |
Clinker loading continues at Karachi Port amid cyclone threat13 June 2023, Published under Cement NewsThe Panamanian flag bulk carrier Lowlands Amstel (IMO: 9738947) is loading over 47,000t cement clinker at berth B11/B12 of Karachi Port of Pakistan due for Ghana amid safety measures due to the threat of a strong cyclone, which is likely to landfall/hit some coastlines of Sindh later this week, according to Karachi Port. The vessel has been uploading clinker since 11 June and stays longer to complete the lifting. Karachi Port Trust has already made an emergency plan for evacuating vessel... |
Pakistan's federal budget FY23-24, up 51%, to benefit construction13 June 2023, Published under Cement NewsFederal Minister for Finance and Revenue Senator, Mohammad Ishaq Dar, announced the Budget for the next fiscal year, FY23-24, with a total budgeted outlay of PKR14.5trn (US$50.53bn), up 51 per cent compared to the budgeted cost of FY22-23, on 9 June. Arif Habib, JS Global, Al Meezan Investment, and other research houses have presumed that the federal budget for FY23-24 would impact the cement industry as 'Neutral' to 'Positive'. Cursory looks indicate that tax measures directly or indirec... |
Iranian cement consumption grows 13% in April09 June 2023, Published under Cement NewsThe Iranian cement market expanded 12.5 per cent YoY to 4.5Mt in April 2023, according to the Iranian Cement Association. Domestic cement production stood at 4.89Mt (up 7.2 per cent YoY), while clinker output reached 7.26Mt (+3.9 per cent YoY). In terms of exports, the industry’s performance was more muted. Cement exports declined 8.6 per cent to 0.384Mt when compared with the equivalent period of the previous year. Clinker exports fell by 30 per cent YoY 0.553Mt. |
Cement companies post a rise in pre-tax profit but face challenges08 June 2023, Published under Cement NewsIn 9MFY22-23, 12 out of the 16 cement manufacturers at the Pakistan Stock Exchange (PSX) reported impressive before-tax earnings. Despite a drop of 18 per cent in total offtake (sales volumes), revenue growth was 26 per cent higher YoY. The local media research team suggests that cement prices have more than compensated for the demand slowdown in the construction industry, leading to strong returns for cement companies. With only a few weeks until the fiscal year ends, if the current tra... |