Cement News tagged under: international
Morocco’s cement deliveries up 26% in May08 June 2023, Published under Cement NewsCement deliveries in Morocco saw a 25.7 per cent advance to 1,189,110t in May 2023 from 945,706t in May 2022, reported the country’s Ministry of National Territory Planning, Land Planing, Housing and City Policy, based on APC data. In terms of market segments, the key retail sales were up 18.5 per cent YoY to 740,303t, followed by the ready-mix concrete sector received 221,378t, up 48.3 per cent YoY. Deliveries to the prefabrication segment were up 34.2 per cent You to 113,938t while dispat... |
US and Puerto Rico Portland and blended cement shipments down 6% in March07 June 2023, Published under Cement NewsTotal shipments of Portland and blended cements, including imports, in the USA and Puerto Rico declined by six per cent YoY to 8.7Mt in March 2023, according to the US Geological Survey (USGS). Of the total blended volume reported, 3.2Mt, or 96 per cent, was estimated to be Portland limestone cement (Type IL). The leading consuming states were Texas, Florida, California, Georgia, and Arizona, which accounted for 42.5 per cent of the total market. The leading producing states were Texas, Mis... |
Colombian grey cement market contracts 9% in April07 June 2023, Published under Cement NewsGrey cement dispatches in Colombia declined 9.3 per cent YoY to 0.987Mt in April 2023 from 1.089Mt in April 2022, according to the country’s statistics agency, DANE. Bulk cement sales were down 5.6 per cent YoY while bagged sales saw an 11.1 per cent drop. Construction companies and contractors represented the largest contraction, by 19.9 per cent YoY, followed by the retail sector, where sales were down 9.1 per cent. Ready-mix concrete companies reduced their off take by 2.4 per cent YoY. ... |
The cement sector is looking forward higher allocation of PSDP in FY23-2407 June 2023, Published under Cement NewsThe Annual Plan Coordination Committee (APCC) of Pakistan's government has recommended PKR2.659trn (US$9.27bn) of national development outlay for the next budget 2023-24, including a federal Public Sector Development Programme (PSDP) of PKR1.1trn and a provincial allocation of PKR1.559trn. Minister for Planning Ahsan Iqbal told journalists that Prime Minister Shehbaz Sharif directed the Ministry of Finance to increase the PSDP size from PKR700bn to PKR950bn for the upcoming budget and PK... |
Sri Lanka's cement prices to fall06 June 2023, Published under Cement NewsSri Lanka’s cement prices are expected to fall by LKR300-500/50kg bag (US$1.03-1.72/50kg bag) of cement, following a recent appreciation of the rupee. A 50kg bag was retailing at round LKR2600. “The reduction in prices is due to the strengthening of our currency, the falling interest rates and the current economic standards that we have put in place,” said Trade Minister, Nalin Fernando, according to EconomyNext. “Although the fall in the dollar price is one of the reasons for the fall in... |
New cement price rises expected in South Korea01 June 2023, Published under Cement NewsSouth Korea’s cement industry is likely to increase cement prices by 14 per cent from July, citing the impact of sharply rising electricity prices and currency exchange rate as the main drivers. Ssangyong C&E Co , one of South Korea’s key cement producers, recently sent a letter to concrete suppliers stating its intention to increase bulk prices by 14.1 per cent to KRW119,600/t (US$90.36/t )from KRW104,800/t, according to local reports. The country’s other six cement producers are now e... |
ALCCC calls on Europe to adopt performance-based standards31 May 2023, Published under Cement NewsThe Alliance for Low Carbon Cement and Concrete (ALCCC) has published a new report, ‘Fast Tracking Cement Decarbonisation’, calling for a shift to performance-based cement and concrete standards to accelerate the decarbonisation of the European cement industry. According to the report, clinker substitution is generally seen as the most promising lever for decarbonisation, enabling considerable reductions in the industry’s carbon footprint in the short term at near-zero costs, followed by oth... |
Kolos Cement posts MUR48.5m loss31 May 2023, Published under Cement NewsMauritius-based Kolos Cement reported losses of MUR48.5m (US$1.06m) in the January-March 2023 quarter. The company’s turnover increased 9.4 per cent to MUR522m when compared with MUR477m in the January-March 2022 quarter. Inflation, exchange rate volatility, and rising raw material and fuel costs impacted on the company’s profit margins. For example, fuel costs were up by 264 per cent YoY and packaging expenses by 80 per cent. “Our losses are attributed to increased costs locally and in... |
Spain’s cement market contracts 12% in April30 May 2023, Published under Cement NewsCement consumption in Spain dropped 11.6 per cent YoY to 1,182,325t in April 2023, according to the Spanish cement association, Oficemen. The YoY drop needs to be considered against “an untypical high result – the highest in the last decade”, said the organisation. "The reason was the rebound effect that occurred in the construction sector, once the transport strike ended," explains Oficemen General Director, Aniceto Zaragoza, who adds that "the works that had been paralysed due to lack of... |
Vietnam cement sales down 14% in April 202326 May 2023, Published under Cement NewsCement sales in Vietnam saw a 14 per cent YoY decline to 5,621,586t in April 2023, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by 14 per cent to 1,834,092t while other VNCA members reported a 28 per cent drop in aggregate sales to 1,077,494t. Non-members saw an eight per cent YoY decrease in sales to 2,710,000t in April 2023. Exports were down 22 per cent YoY to 2,542,040t in April 2023. The drop was steeper for clinker, of which exports fel... |