Cement News tagged under: international
Low cement production in 1HFY22-23 attributed to construction downtrend26 May 2023, Published under Cement NewsLast week, the State Bank of Pakistan (SBP) released its half year report for the FY22-23 on the state of Pakistan’s economy. The analysis in the report covered all sectors, including cement, was prepared on data for the July-December 2022 period. Cement industry output The output in the cement sector contracted by 15.1 per cent during the 1HFY22-23, compared to a 0.9 per cent decline in the same period last year. According to the All Pakistan Cement Manufacturing Association (APCM... |
Peru's cement market contracts 17% YoY in April24 May 2023, Published under Cement NewsCement dispatches in Peru fell by 17 per cent YoY to 0.883Mt in April 2023, according to the Peruvian cement association, Asocem. Of this total, 0.851Mt was delivered by Asocem members. Cement production declined 11 per cent YoY to 0.913Mt in April 2023. Clinker production fell 19 per cent YoY to 0.631Mt in April 2023. Cement exports decreased by six per cent YoY to 0.014Mt while clinker exports saw a three per cent uptick to 0.036Mt. Cement imports dropped 86 per cent YoY to 5300t with... |
WhiteLabel-TandemProjects enters JV with MMe24 May 2023, Published under Cement NewsWhiteLabel-TandemProjects (WLTP) has entered into a joint venture with German engineering-firm MMe GmbH to sell MMe’s sampling device for solid alternative fuels. MMe produces the only automatic sampling device for solid alternative fuels that is tested by the Federal Quality Association for Secondary Fuels (Bundesgütegemeinschaft Sekundärbrennstoffe e.V.) and is working according to the European standard CEN/TC. “This robust automatic sampling system can be used safely and worldwid... |
Cement production growth fuels record-high emissions in China23 May 2023, Published under Cement NewsA 4.1 per cent YoY increase in China’s cement production in the first quarter of 2023 has contributed to a four per cent rise in the country’s CO 2 emissions, marking a record high for the first quarter of a year. According to Carbon Brief, the uptick was driven by a economic rebound following the end of China’s zero-COVID-19 policy, which led to oil consumption advancing by 5.5 per cent, coal consumption up by 3.6 per cent and gas use expanding by 1.4 per cent. Steel production also re... |
Sri Lankan government urged to reduce bagged cement prices23 May 2023, Published under Cement NewsSri Lankan cement customers are urging the government to make cement bag prices reasonable, given the appreciation of the local currency after the economic crisis in the country. Presently 50kg bag prices are hovering between LKR2500-2650 (US$8.14-8.63), according to company websites. The National Construction Association of Sri Lanka (NCASL) expressed concern over reducing a bag of cement by LKR150. It said this reduction was insufficient and the government should further reduce the cement... |
Cement sales in Chile fall 10% in March18 May 2023, Published under Cement NewsChile’s cement market contracted by 10.3 per cent YoY to 328,003t in March 2023 from 365,8926t in March 2022, according to the country’s construction chamber, CChC. In the January-March 2023 period sales were down 10.3 per cent to 926,061t from 1,032,001t in the first quarter of 2022. |
Brazilian market sees 11% contraction in April17 May 2023, Published under Cement NewsCement sales in Brazil declined 11.4 per cent YoY to 4.577Mt in April 2023 from 5.164Mt, according to the Brazilian cement association, SNIC. The association attributed the market contraction to rising unemployment, a slow recovery of wages and high interest rates (currently at 13.75 per cent), which all led to a drop in building material sales and a fall in real estate launches and financing. “The results point to a worrying performance of the cement industry in view of the discussions on... |
Iranian cement market expands 3% in March17 May 2023, Published under Cement NewsCement sales in Iran reached 5.87Mt in March 2023, up 2.6 per cent when compared with March 2022, when 5.71Mt were sold, according to the Iranian Cement Association. There were no reports of imports and domestic cement production stood at 6.28Mt in March 2023, representing a 10.8 per cent YoY advance. Clinker production decreased by 2.8 per cent YoY from 6.33Mt to 6.15Mt in March 2023. In terms of exports, 0.72Mt of clinker and 0.37Mt of cement were shipped overseas. In March 2022 clinker... |
MPA welcomes EU law reforms16 May 2023, Published under Cement NewsThe Mineral Products Association (MPA), which represents producers of essential mineral products such as aggregates, concrete and asphalt, has welcomed the UK government’s decision to change direction on regulatory reform, altering its plans to automatically ditch EU laws by the year-end. In its current form the Retained EU Law (REUL) Bill would have caused fresh uncertainty for British businesses, serving as a distraction from meaningful regulatory reform, according to the MPA. The Depar... |
A score of cement companies mixed financial results in 9MFY22-2315 May 2023, Published under Cement NewsSeveral of Pakistan’s cement firms have presented their financial result for the 3QFY22-23 and 9MFY22-23 in April/May 2023. During the accounting period of nine months, they reported mixed results due to a rise in the cost of sales, distribution and finance charges, etc. High inflation and political unrest also dented sales and profits. In the 9MFY22-23 Flying Cement Co Ltd reported a decrease in profit after tax (PAT) to PKR226m (US$0.79m) from PKR766m earned in the corresponding pe... |