Cement News tagged under: international
South Africa requests no cement price increases27 June 2022, Published under Cement NewsThe South African government has asked the country's cement producers to commit to no price increases in return for the government approving safeguard action against cheap imports. The move has raised doubts about the success of an application made by a number of producers to the International Trade Commission back in August 2019, according to Moneyweb. The application was for a flat, non-country-specific tariff. The producers claim that the cost of doing business in South Africa is much ... |
PCA questions future of IIJA23 June 2022, Published under Cement NewsThe Portland Cement Association (PCA) has voiced concerns over plans to suspend the US federal gas tax. US President Joe Biden called on Congress this week to suspend the tax in a bid to stem the rise in fuel prices at the pump, which topped US$5/gallon for the first time ever this month. While this move may be welcomed by motorists, the PCA believes it could have serious ramifications for the US construction industry, according to PR Newswire. “Pausing the federal gas tax is the wrong deci... |
Dai Duong Lines 3 and 4 under review22 June 2022, Published under Cement NewsVietnam’s Ministry of Construction has proposed Thanh Hoa’s provincial authority to review the construction of Lines 3 and 4 of Dai Duong JSC to avoid a glut in supply, according to local media. The approval of the new lines will raise the country’s cement capacity to 150Mta by 2025, surpassing the government target. The provincial authority also has to seek consultation from the ministry for the project. In 2020-21 the cement company started construction on Lines 1 and 2 at Nghi Son eco... |
Bekabadcement to work on International Transport Corridor22 June 2022, Published under Cement NewsBekabadcement , part of the United Cement Group Holding , has become a partner of the key project to build the International Transport Corridor connecting Uzbekistan and Kazakhstan. Central Asia is one of the most booming markets and an area for the implementation of large international projects. United Cement Group (UCG) contributes significantly to the economic development of Central Asia countries and takes an active part in projects of regional development. The UCG plant products ar... |
Vietnamese cement market contracts 8% in May21 June 2022, Published under Cement NewsCement sales in Vietnam declined by eight per cent YoY and by five per cent MoM to 5,655,119t in May 2022, according to the Vietnam National Cement Association (VNCA). Of this total VICEM saw its sales contract by two per cent YoY and seven per cent MoM to 1,967,271t. Other VNCA member companies reported a 10 per cent YoY and seven per cent MoM decline with sales of 1,387,848t. In addition, other, non-affiliated producers saw their sales fall by 11 per cent YoY and three per cent MoM to 2,... |
Iranian cement sales decline in May20 June 2022, Published under Cement NewsThe Iranian cement market contracted 11.6 per cent YoY to 5.11Mt in May 2022 from 5.78Mt in May 2021, according to the Iranian cement association. In addition to domestic deliveries, 0.301Mt of cement and 0.558Mt of clinker was exported in May 2022. This represents a YoY decrease of 11.5 per cent for cement (May 2021: 0.34Mt) and 29.4 per cent for clinker (May 2021: 0.79Mt) Output of cement declined 11.8 per cent YoY to 5.38Mt in May 2022 when compared with the year-ago period when cement... |
Benin government caps cement price20 June 2022, Published under Cement NewsThe government of Benin has set a price cap on the price of cement with the new price ceiling dependent on the locality. The price is capped from 17 June 2022 for four months. The government has taken the step “in support of populations faced with soaring prices of consumer products” and during the four-month period the Ministry of Commerce will carry out “strict controls and regular prices.” |
Peru’s cement demand sees 5% growth in May17 June 2022, Published under Cement NewsPeruvian cement dispatches saw a five per cent uptick in May 2022 to 1.117Mt from 1.066Mt in May 2021, according to the national cement association, Asocem. Cement output from Asocem member companies reached 1.079Mt in May, up seven per cent YoY from 1.010Mt. Clinker production advanced nine per cent YoY to 0.867Mt in May 2022 from 0.795Mt in May 2021. Cement exports surged 75 per cent YoY to 18,000t from 10,000t in May 2021, but clinker exports were 49 per cent down YoY to 35,000t from ... |
Pakistan cement market to contract by 10%17 June 2022, Published under Cement NewsBased on cement dispatches over the first 11 months, Pakistan’s cement market is expected to contract by 10 per cent in FY22 (ending 30 June), compared to FY21, according to a report in the Business Recorder. This is in stark contrast to the 10-15 per cent growth forecast by the industry. Much of that predicted growth was dependent on the country’s massive infrastructure and power projects, along with the government’s Pakistan Housing Plan. But in reality domestic demand has remained low wit... |
GDP recovery fuelling Indian cement demand17 June 2022, Published under Cement NewsCement demand in India is expected to rise by mid-to-high single digits in the medium term, according to Fitch Ratings. This follows an estimated mid-teen rebound in FY22, compared to FY21 which saw a mid-single digit decline due to the pandemic. An 8.7 per cent recovery in the economy in FY22 is forecast to underpin growth across various construction sectors with cement demand in the infrastructure and affordable housing markets expected to see low double-digit growth on the back of high... |