Cement News tagged under: international
Vietnam’s cement output rises 1.9% YoY in 5M2430 May 2024, Published under Cement NewsVietnam’s General Statistics Office (GSO) has announced that the country’s cement production totalled an estimated 75.7Mt in the January-May 2024 period. This represents a 1.9 per cent YoY increase in production, compared to the same period in 2023. In May alone, the country is expected to have produced an impressive 17.4Mt, marking a YoY increase of 7.3 per cent. This trend of increased production could suggest a turnaround in the industry, as the country produced just 120.1Mt in 20... |
Spanish cement sales outlook improving but exports likely to remain weak29 May 2024, Published under Cement NewsCement consumption in Spain recovered in April after poor weather and fewer working days weighed heavily on the 1Q24. Sales rose 11.5 per cent YoY to 1.324Mt, up from 1.188Mt in April 2023, according to the Spanish cement association, Oficemen. Oficemen notes that "it's the first month in positive after ten in decline. However, this percentage of growth has been influenced by the calendar effect, with the month of April of this year with more working days” and that when looking at working-da... |
Strong cement sales cool oversupply concerns in Iran29 May 2024, Published under Cement NewsIranian cement sales came in at 5.75Mt in March, down two per cent from 5.87Mt a year earlier, according to the Iranian cement association. Producers manufactured 4.676Mt of cement in March 2024, a notable drop of 25.5 per cent YoY, while clinker rose a robust 13.3 per cent YoY to 6.97Mt. A total of 1.28Mt of cement and clinker were exported in March, a 17.4 per cent expansion from a year earlier, with cement exports increasing 16.2 per cent YoY to 0.43Mt and clinker exports rising 18... |
Ramco Cements posts 4QFY24 results24 May 2024, Published under Cement NewsIndia-based Ramco Cements Limited (TRCL) has announced its financial results for the 4QFY24, reporting a 20 per cent decline in its standalone net profit after tax to INR1210m (US$14.54m), compared with INR1520m in the same period a year prior. The reduction in profit has been attributed to cost pressures. The company’s net revenue increased to INR26.87bn in Q4FY24. For the year ending 31 March 2024, the company’s net profit rose by 14.8 per cent from INR3.44bn to INR3.95bn. Meanwhile, ... |
New white cement plant for Tanzania23 May 2024, Published under Cement NewsTanzania has started white cement production at a 200tpd cement plant in Mkuranga District, Coast Region. The new plant is owned by Fortune Cement Co Ltd. The construction of the factory is expected to not only create job opportunities and bring in foreign exchange earnings but will also significantly contribute to the local economy. At present more than 50 per cent of the raw materials required for production are sourced locally in Tanzania. Dolomite and gypsum are locally available, but... |
Puerto Rican cement sales return to growth in April22 May 2024, Published under Cement NewsIn April 2024 cement sales in Puerto Rico increased by 7.5 per cent YoY to 1.277m bags of 42.5kg, or 55,430t, according to data from the Statistics Institute. In March cement sales fell 17.1 per cent YoY to 51,722t, following a 7.8 per cent YoY decline in February, when sales fell to 47,880t. Domestic cement output in April 2024 expanded by 21.2 per cent YoY to 769,000 bags or 32,787kg – the first increase in six months. In March production dropped by 30.5 per cent YoY to 27,447t, following... |
Argentine cement market contracts 31% in 4M2421 May 2024, Published under Cement NewsCement demand in Argentina fell to 661,122t in April, representing a YoY drop of 35.7 per cent from 1,028,598t in April 2023 but up 4.2 per cent MoM from 634,342t in March 2024, according to the country’s cement association, AFCP. Domestic production saw a 35.6 per cent fall to 666,7791t in April 2024 from 1,035,525t in April 2023 but a 4.4 per cent increase MoM from 638,824t in March 2024. Argentine producers exported 5910t of cement in April 2024, down 14.7 per cent from 6927t in April... |
Improvement in construction and real estate underpins rise in Kenyan cement demand21 May 2024, Published under Cement NewsA steady advance in building and construction sector credit supported the expansion of the cement industry in the third quarter of 2023, according to the Kenya Bankers Association-Housing Price Index data. Cement production increased 7.2 per cent YoY to 2,541,763t from 2,370,246t in the 2Q23. In addition, improvement in credit to the real estate sector also underpinned market expansion with cement consumption increasing to 2,430,488t in the 3Q24. “Credit growth in the building and constru... |
Botswana to boost production by 20% by September20 May 2024, Published under Cement NewsCement production in Botswana is expected to increase by 20 per cent in preparation for new import restrictions being introduced by the country’s government from the strat of October. In a move designed to control the influx of imported cement, the Botswana government announced its intention to limit cement imports into the country to 1000kg quantities and no less, reports The Voice. Cement demand in the country is currently around 0.6Mta with local cement production estimated at 0.45Mta... |
Morocco’s cement deliveries advance 21% in April16 May 2024, Published under Cement NewsCement deliveries in Morocco by APC members – Asment Témara , Ciments de l’Atlas , Ciments du Maroc , LafargeHolcim Maroc and Novacim – increased by 21.1 per cent YoY to867,743t in April 2024 from 716,483t in April 2023, according to the country's Ministry of National Planning, Urban Planning and Housing. Of this total, 55,861t was supplied in April 2024 to the infrastructure sector, up 60.2 per cent YoY as the government continues to invest in the country’s infrastructure. In April... |