Cement News tagged under: international
Pakistan: cement export volumes down by almost one-third in 6MFY15-1609 February 2016, Published under Cement NewsPakistan recorded a marked fall in exports over the first six months of the current fiscal, largely on the back of weaker demand and increased competition. Export revenues were down by 36.54 per cent YoY during the July-December period (ie, 6MFY15-16) to US$170.46m, according to data from Pakistan Bureau of Statistics. Export volumes fell by 32.79 per cent YoY to 3.079Mt. In December 2015 alone, Pakistan exported 434,781t on revenues of US$22.89m compared to 569,620t at US$30.12m in No... |
PCA: low crude prices impact oil well cement consumption09 February 2016, Published under Cement NewsWith oil prices having declined dramatically since mid-2014 due to a combination of global supply and demand issues, the implications for the US economy, as well as for cement consumption have been significant, writes the PCA. It cautions that if oil prices stay near US$30/bbl or lower several consequences to cement consumption could arise that would impact the fall forecast projections. Given the complex nature of forecasting energy prices, PCA relies on projections from the Energy Inform... |
Domestic sales drive Pakistan dispatch growth08 February 2016, Published under Cement NewsPakistan cement dispatches increased by 6.38 per cent to 21.3Mt in the first seven months of the current fiscal compared to 20Mt in the corresponding period of FY14-15, according to the All Pakistan Cement Manufacturers Association. The increase is attributed to robust growth in domestic dispatches, which rose by 15 per cent YoY to 17.9Mt. Exports, on the other hand, declined by almost a quarter to 3.4Mt from 4.5Mt a year earlier. Closer analysis of domestic dispatches shows shipments f... |
Saudi Cement Co to temporarily halt Kiln Line 608 February 2016, Published under Cement NewsSaudi Cement Co has decided to temporarily stop kiln 6, which has a capacity of 3500tpd, until domestic market conditions improve, including the lifting of the export ban. The company during a board meeting on 4 February discussed the current market conditions and continuation of export ban, which has led to a rise in clinker inventory to high levels. Since Kiln Line 6's output would have been added to the 2016 inventory levels, which has already reached around 4Mt, it is not expected ... |
Akmenes posts decline in 2015 revenue08 February 2016, Published under Cement NewsLithuania's sole cement manufacturer Akmenes Cementas posted a decline of around six per cent in 2015 revenue to EUR55.4m from EUR59.2m a year earlier. Nearly 50 per cent of revenue derived from exports, mainly to Poland, Scandinavia and Russia's exclave of Kaliningrad, the Verslo Zinios business daily reported on Friday. “Cement consumption more or less reflects the situation in the Lithuanian construction sector. In 2013 cement consumption rose by approximately 10 per cent whereas in 2... |
Argentina monthly demand down 7.5 per cent YoY08 February 2016, Published under Cement NewsArgentina’s cement demand fell 7.5 per cent YoY and eight per cent MoM to 858,453t in January 2016, according to figures published by AFCP, the country’s cement association. Exports plunged by nearly 74 per cent YoY from 16,589t in January 2015 to 4334t, the data also showed. |
US November shipments up 12.4%05 February 2016, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico in November 2015 were about 7.3Mt, up by 12.4 per cent from the level in November 2014, according to the latest data from the US Geological Survey. Shipments for the year through November totalled 84.9Mt, up by 3.4 per cent from the same period in 2014. The leading producing states for Portland and blended cement in November were Texas, California, Missouri, Florida and Pennsylvania, in descending order an... |
Armenia: Hrazdan Cement expected to increase output05 February 2016, Published under Cement NewsHrazdan Cement, located in Armenia’s central Kotayk province, is expected to increase output up to 200,000t, the country’s Minister of Economy Karen Chshmarityan, has said. Chshamrityan said in 2015 the plant produced about 80,000t of cement, the bulk of which was exported, Arka news agency reported. In 2015 autumn the company paid AMD150m of taxes and repaid wage arrears to the tune of AMD180m Hrazdan Cement is one of two cement producers in Armenia. In 2014 it received a US$4.6m loan fro... |
Philippines: double-digit rise in cement sales04 February 2016, Published under Cement NewsCement sales in the Philippines increased by a strong 14.4 per cent YoY in 2015 to 24.36Mt, according to figures by the Cement Manufacturers' Association of the Philippines (CeMAP). CeMAP president Ernesto Ordoñez said the increased sales was brought about by the large budget by Public Works Department for infrastructure development, private sector confidence in government and new housing projects with low interest rates. Favourable weather conditions with reduced rains during the year a... |
CRH and Dalmia expected to bid for Jaiprakash assets04 February 2016, Published under Cement NewsCRH and India's Dalmia Cement are likely to submit separate bids next month for the cement business of Indian infrastructure builder Jaiprakash Associates, two sources with direct knowledge told Reuters. The deal is likely to be worth about US$3bn, which is the total debt linked to the cement business, the sources said, adding that binding bids were due next month. Others possible bidders include the Indian unit of HeidelbergCement, Ultratech Cement Ltd and two private equity firms, one of ... |