Cement News tagged under: international
Thailand looks to Philippines for exports07 December 2022, Published under Cement NewsThe Philippines government has decided not to extend a tax on imports of cement. The levy on imported cement was first introduced on 22 October 2019 for three years. In the first year the tax was PHP250/t (US$4.5/t), which then fell to PHP245/t in the second year and PHP200/t in the third year. With the tax due to expire on 21 October 2022, the Philippine Tariff Commission began an enquiry in February this year as to whether the tax should be extended or not. According to rules set out by... |
Indian cement prices to rise further in December06 December 2022, Published under Cement NewsCement prices in India are expected to rise by INR10-15/bag (US$0.12-0.18/bag) this month, according to a report by Emkay Global Financial Services Ltd. Since August this year, prices have risen by up to INR16/bag with November alone seeing them advance by INR6-7/bag. While prices remained flat in Western and Central parts of the country, they hardened in Northern, Eastern and Southern regions, reports Business Standard. “Absorption of the price hikes will get revealed over the next few d... |
Italian cement output down 4% in September02 December 2022, Published under Cement NewsItaly’s cement production declined by four per cent YoY in September 2022, according to the country’s construction chamber, Federbeton. When compared with the 2015 base index production the value increased from 61 in August to 96 per cent in September. Cement prices remained stable MoM at 189 when compared with the base year of 2015 (=100). However, they saw a 49 per cent increase when compared with September 2021. Grey cement imports in August increased by six per cent when compared with ... |
Spanish cement demand slips 0.4% in October01 December 2022, Published under Cement NewsCement demand in Spain has edged down by 0.4 per cent YoY to 1,264,554t in October 2022, according to the country’s cement association, Oficemen. The fall represents a six-month decline since May. Exports from Spain were down 22 per cent YoY in September, resulting in a 20 per cent drop in the year to date of 20 per cent. Imports decline by 55 per cent YoY on the back of falling domestic consumption, but in the year to date they have increased 14.5 per cent YoY. “In the first 10 months... |
European construction outlook revised down for 202325 November 2022, Published under Cement NewsThe outlook for Europe in 2023 remains challenging and unpredictable after a better than expected 2022, according to CIC Market Solutions. Citing recent data from Euroconstruct, the materials, construction and infrastructure sector in the EU-15 plus four Eastern European countries is now expected to expand by just 0.2 per cent next year, but this has been revised down from growth of 2.3 per cent forecast in June 2022. The UK market is expected to be particularly hit with a decline of 0.4 per... |
Vietnam market expands 5% in October25 November 2022, Published under Cement NewsCement sales in Vietnam saw a five per cent increase to 5,376,495t in October 2022 when compared with October 2021, according to the Vietnam National Cement Association (VNCA). Of this total VICEM reported a four per cent uptick YoY to 1,805,791t while other VNCA members increased their deliveries at the same rate to 1,200,704t. Vietnam’s other producers saw a five per cent advance YoY to 2,370,000t in October 2022. However, exports halved to 2,106,653t in October 2022 when compared with... |
Cemex delivers 1Mm3 of Vertua concrete since 202025 November 2022, Published under Cement NewsCemex has delivered 1Mm 3 of Vertua ready-mixed concrete in Colombia since the product was launched in 2020, avoiding emissions of around 178,000t of CO 2 . According to Cemex, Vertua has become one of the most accepted lower carbon products in the industry and the company expects it to account for the majority of its cement and concrete sales by 2025. “In 2020, we launched Vertua concrete in the Colombian market with the expectation of having a positive response from the construction... |
CEMEX enhances its digital offering24 November 2022, Published under Cement NewsFive years after the launch of its end-to-end digital commercial platform, CEMEX Go, CEMEX is accelerating its evolution, targeting 100 per cent adoption across business lines and customer segments, and a fully-automated experience with supply chain visibility. Since its launch in November 2017, CEMEX Go has positioned itself as the leading end-to-end multichannel platform for the building materials industry. Today, more than 50,000 customers use the platform, representing 93 per cent o... |
Dangote wins three FMDQ awards24 November 2022, Published under Cement NewsDangote Industries Ltd and Dangote Cement Plc have picked up three accolades at the FMDQ Gold Awards - ‘Largest Corporate Bond Lodgment on FMDG’, ’Most Trusted Brand of the Year’ and ‘Most Outstanding Conglomerate in Environmental Sustainability.’ According to FMDQ, the awards recognise excellence in the fixed incomes, currencies and derivatives markets. They also recognise resilience and agility of the Nigerian financial markets participants and acknowledge the valuable efforts of the ... |
Foundation stone laid for Ciment Sahel Mali SA24 November 2022, Published under Cement NewsMahamoud Ould Mohamed, the Minister of Industry and Trade, laid the foundation stone for the new Ciment Sahel Mali SA cement plant, on 24 November 2022. Construction of the factory at Béma, Diéma, Nioro du Sahel, Kayes region of western Mali, will take 30 months from January 2023, according the the project sponsor, El Hadji Mohamed Sacko, CEO of Groupe Sacko Holding SA. Capacity of the plant has been reported at 4Mta. The new plant is financed via a CFA388bn (USD500m) investment suppor... |