Cement News tagged under: international
Cement sales in Puerto Rico up 12% in May21 June 2021, Published under Cement NewsIn May 2021 cement sales in Puerto Rico increased 12 per cent YoY to 59,266t, according to the country’s Economic Development Bank. In the first 11 months of the FY21 639,566t of cement were sold. This represents an advance of 39.2 per cent when compared to 460,487t sold in the 11MFY20, as well as the highest volume since 2014. In 2020 sales in the Puerto Rican market rose 2.8 per cent YoY to 588,400t. |
Peru’s cement demand sees 228% hike in May18 June 2021, Published under Cement NewsPeruvian cement producers dispatched 1.062Mt of cement in May 2021, representing a 228 per cent increase YoY from a low base due to the COVID-19 pandemic. When compared with May 2019 there was a 14 per cent advance. Asocem members dispatched 0.98Mt of cement in May 2021, up 283 per cent YoY and up by 15 per cent when compared with May 2019. Cement production surged 228 per cent YoY to 1.062Mt in May 2021 from a low base of 0.324Mt in May 2020. Asocem members produced 1.01Mt of cement in Ma... |
Fiscal budget to offer incentives in Bangladesh cement industry17 June 2021, Published under Cement NewsBangladesh’s National Budget for 2021-22 (July 2021-June 2022) was presented by Minister of Finance, A H M Mustafa Kamal, in Parliament on 3 June. During his speech, the minister acknowledged that cement, iron and iron products are the critical components of infrastructural development. Therefore, if tax incentive is provided to these industries engaged in producing these items, development of physical infrastructure will be easy and cost-effective. He proposed reducing the tax rat... |
Iranian cement market expands 28% MoM in May16 June 2021, Published under Cement NewsIranian cement consumption in May 2021 reached 5.78Mt. This represents a 28.4 per cent MoM increase from 4.5Mt in April 2021. In addition to domestic deliveries, producers exported 0.34Mt of cement, down 26.1 per cent MoM, and 0.79Mt of clinker, up 3.9 per cent MoM. The country’s cement plants produced 6.1Mt of cement in May 2021, a 21 per cent increase when compared with April 2021, when cement output stood at 5.04Mt. Clinker production declined 4.6 per cent in May 2021 to 6.68Mt from 7M... |
Pakistan's Federal budget 2021/22 has benefits for cement industry16 June 2021, Published under Cement NewsPakistan’s Finance Minister, Shaukat Tarin, presented the PKR8.48trn (US$54bn) federal budget for 2021-22 in the National Assembly last week. The government had set the GDP growth target at 4.8 per cent against the expected 3.9 per cent for the outgoing financial year. In addition, Islamabad allocated a considerable fund for Public Sector Development Programme (PSDP). These indirect incentives are conducive for the cement industry in Pakistan. Research experts believe and unanimously termed... |
Cement prices rise in Tamil Nadu15 June 2021, Published under Cement NewsCement prices in India’s state of Tamil Nadu have reportedly climbed over the past few months. Builders in the state have claimed a 13 per cent price hike from INR460 (US$6.27)/bag in May to INR520/50kg bag in June, according to The Hindu. Research firm Emkay has also stated there has been a 20-22 per cent rise in prices in the state from FY20 to FY21. Real estate developers are noting that this will have an impact on the total cost of projects. "When it comes to construction there are tw... |
Vietnam market expands 16% in April14 June 2021, Published under Cement NewsCement dispatches in Vietnam reached 6.551Mt in April 2021, up 16 per cent YoY, according to the Vietnam Cement Association (VNCA). VICEM reported a 17 per cent YoY rise in sales to 2.26Mt while its affiliated companies saw a six per cent YoY uptick to 1.661Mt. Other Vietnamese producers supplied 2.63Mt, up 22 per cent when compared with April 2020. Exports advanced 79 per cent YoY to 4.323Mt in April 2021. Of this total 2.826Mt was clinker, which saw a 17 per cent YoY hike, and 1.498Mt wa... |
Rock Hard Cement to increase cement price14 June 2021, Published under Cement NewsCaribbean cement importer Rock Hard Cement announced it will be increasing its price for cement from 1 July 2021. The company cited rising global prices along with the volatility of shipping in the second half of the year, according to the Daily Express. Meanwhile, Trinidad Cement Ltd confirmed that it has not supplied any cement to local distributors and retailers since 8 May, except for direct supplies to three essential construction projects as requested by the government. However, it h... |
Brazilian market expands 14% in May11 June 2021, Published under Cement NewsCement sales in Brazil advanced 13.6 per cent YoY to 5.465Mt in May 2021 from a low base of 4.809Mt in May 2020, reported the country’s cement association, SNIC. Real estate work continues to drive the market as well as residential and commercial renovations. The drop in interest rates, simplification and reduction of bureaucracy and new credit lines have supported the purchase of real estate in the country. However, cuts in the federal government budgets, particularly in terms of infrastr... |
Moroccan deliveries up 69% in May10 June 2021, Published under Cement NewsCement deliveries by members of Morocco’s cement association, APC, were up 68.5 per cent to 882,785t in May 2021 from 523,848t in May 2020, according to data published by the Ministry for Housing and Urbanisation. In the first five months of 2021 total deliveries reached 4,446,117t, representing a 25.4 per cent increase from 4,342,862t in the January-May 2020 period. |