Cement News tagged under: international
Vicat and Egypt settle investment dispute24 March 2022, Published under Cement NewsEgypt’s Prime Minister, Mostafa Madbouli, and the Minister of Justice, Omar Marwan, have witnessed the signing of a final settlement agreement on the country’s investment dispute with Vicat , a shareholder in Sinai Cement Co . The agreement was signed by Minister of International Cooperation, Rania el Mashat on behalf of the government, and Vicat’s Chairman and CEO, Guy Sidos. Under the agreement, the arbitration case between the two parties before the International Center for Settlemen... |
Peruvian cement market expands 5% in February22 March 2022, Published under Cement NewsCement dispatches in Peru reached 1.088Mt in February 2022, up five per cent when compared with February 2021, according to the Peruvian cement association, Asocem. The total includes shipments by Asocem members (1.018Mt) and non-affiliated cement producers, which accounted for around 70,000t. Output from Asocem-affiliated cement plants reached 1.037Mt, representing a four per cent advance when compared with February 2021. However, clinker production was down 12 per cent YoY to 0.71Mt. C... |
Building material prices continue to rise in Germany22 March 2022, Published under Cement NewsCement prices in Germany rose by 4.9 per cent YoY in February, according to the recently-published producer price index by the German statistics office, Statistisches Bundesamt. The rise was more modest than in other building materials due to the highly competitive industry environment in Germany, according to industry analysts at CIC Market Solutions (France). The equity research team at CIC Market Solutions point out that in 2022, the domestic industry is targeting a YoY EUR13-15/t incr... |
DR Congo sees cement price hike after reintroduction VAT21 March 2022, Published under Cement NewsThe price of cement in central Democratic Republic of Congo has increased from COF15,500 (US$7.70) to COF21,210 from 17 March, according to local news sources. The hike follows an agreement between the provincial division of the Ministry of Economy, representatives of three cement companies in central DRC and cement suppliers after days of discussions. Corneille Mukuni Mukuni, the head of the provincial division of the Ministry of Economy explained the price rise as the reintroduction of ... |
Spanish cement demand expands 14% in February17 March 2022, Published under Cement NewsCement consumption in Spain increased 14 per cent YoY to 1,269,455t, representing the best sales in February in the last five years, according to Oficemen, the Spanish cement association. “The cement industry is experiencing an energy emergency situation. Currently, almost half of the kilns in the sector have had to stop as a result of the high electricity costs derived from the war,” explained the association’s General Director, Aniceto Zaragoza. “Now that the European Commission has alr... |
Puerto Rican cement sales decline 13% in February17 March 2022, Published under Cement NewsIn February 2022 cement sales in Puerto Rico declined 13.3 per cent YoY to 1.18m bags of 94lb, or 50,312t, according to Puerto Rico’s Institute of Statistics. However, cement output increased 4.1 per cent YoY to 26,478t. Production had been falling for eight of the last 10 months, reports Sin Comillas. |
Ghana to look at regulating cement industry16 March 2022, Published under Cement NewsGhana’s Ministry of Trade and Industry has announced plans to set up a committee to advance the drafting of policies to regulate the country’s cement industry, according to local sources. Deputy Trade and Industry Minister, Michael Okyere Baafi, said the “government is also working with the cement manufacturers in the area of regulation of cement and even the development of the cement business in Ghana. The cement business is not regulated.” In addition, the country’s Chamber of Cement ... |
Iran's cement market expands 5% MoM in February15 March 2022, Published under Cement NewsIranian cement consumption reached 4.43Mt in February 2022, supplied entirely by the domestic industry, according to the Iranian Cement Association. This represents a 5.2 per cent increase when compared with January 2022. While cement production stood at 4.43Mt (+5.2 per cent MoM), clinker output reached 4.83Mt (-7.6 per cent MoM). The country exported 1.084Mt of clinker and 0.326Mt of cement in February 2022, representing MoM increases of 33.8 and 35.8 per cent, respectively. |
Tudela Veguín halts production for 10 days14 March 2022, Published under Cement NewsCementos Tudela Veguín has shut down its plant at La Robla for 10 days from Friday, 11 March, citing the soaring electricity prices as the reason for the stoppage. The company has significant stocks of cement and expects to continue normal deliveries to its customers. The halt in operations will not affect the nearly 200 workers at the plant, the company said. While it has a cement capacity of 1.2Mta, it has a utilisation rate of around 25 per cent currently. The company follows Ceme... |
Punjab to establish new cement plant14 March 2022, Published under Cement NewsA meeting of India’s Cabinet Committee on Legislative Business chaired by Minister for Law and Parliamentary Affairs, Muhammad Basharat Raja, has approved setting up of a new cement plant in Punjab, India. Permission for enhancement of production capacity of two existing cement plants was also approved during the meeting, reports The new International. No further details were revealed. |