Cement News tagged under: international
US cement sales continue to slide in July16 October 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico amounted to 9.286Mt in July, down 2.9 per cent year-on-year (YoY) from the 9.338Mt recorded in July 2023. Unfavourable weather—including extreme heat for west and east coasts, the third wettest July on record and the earliest recorded category 5 hurricane—has dragged on cement demand. Excluding for sales to Puerto Rico and overseas territories, cement consumption in the US fell 0.7 per cent YoY t... |
Lingering weakness for Swiss cement sales16 October 2024, Published under Cement NewsCement deliveries in Switzerland declined 3.7 per cent to 914,625t in the third quarter of 2024, down from 950,101t in the same quarter of 2023. According to Cemsuisse, the sluggish economic recovery is dragging on cement demand. However, while cement volumes are continuing to decline, they are doing so at a significantly slower pace. Sales contracted 8.9 per cent in the second quarter of 2024. January-September 2024 Cement sales in the first nine months of 2024 were down 6.9 per cent ... |
Lower interest rates to benefit construction (USA)15 October 2024, Published under Cement NewsEd Sullivan, the chief economist and senior vice president of market intelligence for the Portland Cement Association (PCA), representing the USA's cement manufacturers, says the Federal Reserve's recent move to lower interest rates, coupled with an ease in inflation, signals a signicant retreat by the end of next year. This should all benefit construction activity. At PCA's annual fall meeting last week (Aurora, Colorado), Sullivan shared the industry's 2025 economic forecast with cement co... |
Princeton University study uses human bones as model for strengthening cement15 October 2024, Published under Cement NewsInspired by the structure of human bone, researchers at Princeton University have developed a new cement-based material that is 5.6 times more damage-resistant than conventional alternatives. This breakthrough, detailed in a September 10 article in 'Advanced Materials', offers a significant improvement in the durability of cement-based materials commonly used in construction. Led by Reza Moini, assistant professor of civil and environmental engineering, and Shashank Gupta, a PhD candid... |
Dandot Cement releases financial statement15 October 2024, Published under Cement NewsDandot Cement Company Ltd has issued its 44th Annual Report and audited financial statements for the year ending 30 June, 2024. For the year under review, the company produced 182,701t of clinker, 173,740t of cement and 172,012t of sales. The company recorded gross sales of PKR3.44bn (US$12.39m) and net sales of PKR2.46bn, both compared to PKRNil the year previous. The net profit amounted to PKR20.43m where in 2023 the company saw a net loss of PKR367.44m. The company c... |
Indian cement industry growth expected to slow in FY24-2515 October 2024, Published under Cement NewsIndia's cement industry is projected to experience a slower growth rate of 7-8 per cent this fiscal year, reaching 475Mt, according to a Crisil report. This marks a slowdown from the double-digit growth recorded in the last two financial years. The first half of FY24-25 saw modest growth of just three per cent, attributed to a prolonged heatwave and labour shortages due to general elections. However, the second half is expected to see improved performance, driven by a revival in rural hou... |
Cementera Cruz Azul workers request local government intervention14 October 2024, Published under Cement NewsCementera Cruz Azul (Mexico) has been inoperative for two years. Cruz Azul cooperative members (workers, retirees and associates) have requested that the government of the State of Hidalgo (Mexico) mediate in the conflict that has kept the plant inoperative. Secretary Olivares Reyna went to the plant to search for a solution with the workers. The official expressed interest in finding a solution to the conflict that would avoid situations as those that have already occurred, stating, “It i... |
BDEAC funds expansion of EGIN SA's cement production in Cameroon11 October 2024, Published under Cement NewsThe Development Bank of the Central African States (BDEAC) has announced in its 2023 annual report that it is financing the expansion of Entreprise Générale Industrielle SA (EGIN SA) , a key Cameroonian cement manufacturer. The project will increase EGIN SA's production capacity at its Douala plant from 200,000-500,000tpa. This expansion, valued at XAF 19bn (US$31.7m), will help meet the growing demand for high-quality cement in the Cameroonian market. This marks Bdeac’s second financ... |
Indian cement sector to face revenue decline in Q2FY2025 amid weak demand10 October 2024, Published under Cement NewsIndia's cement sector is expected to witness a 7.2 per cent year-on-year (YoY) drop in revenues for Q2FY25, driven by an 8.7 per cent YoY fall in realisations, according to a report by Sharekhan, a leading retail brokerage firm in India. The report highlights that despite a marginal volume growth of 1.7 per cent YoY, the sector continues to face weak demand, primarily due to sluggish infrastructure projects and adverse weather conditions. The monsoon season, combined with a delay in gove... |
Iranian cement shrinks in September10 October 2024, Published under Cement NewsIranian domestic cement sales contracted 11.8 per cent YoY to 5.520Mt in September, down from 6.260Mt a year earlier, according to the Iranian cement association. Producers manufactured 6.524Mt of cement and 6.279Mt of clinker, decreases of 1.9 per cent YoY and 5.9 per cent YoY respectively, when compared with September 2023. A total of 931,760t of cement and clinker were exported in September, a decrease of 9.5 per cent YoY, dragged down by lower clinker exports, which shrank 37.4 per ce... |