Cement News tagged: International
Vietnam’s cement output rises 1.9% YoY in 5M24
Vietnam’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 increas...
Spanish cement sales outlook improving but exports likely to remain weak
Cement 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 effe...
Strong cement sales cool oversupply concerns in Iran
Iranian 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 ye...
Ramco Cements posts 4QFY24 results
India-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...
New white cement plant for Tanzania
Tanzania 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 req...
Puerto Rican cement sales return to growth in April
In 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 ...
Argentine cement market contracts 31% in 4M24
Cement 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. ...
Improvement in construction and real estate underpins rise in Kenyan cement demand
A 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 ...
Botswana to boost production by 20% by September
Cement 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. Cemen...
Morocco’s cement deliveries advance 21% in April
Cement 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, ...
Colombian market contracts 19% in March
Cement dispatches in Colombia fell 19.1 per cent YoY to 0.941Mt in March 2024 from 1.163Mt in March 2023, according to the nation’s statistics office, DANE. Bagged cement sales decreased by 20.2 per cent YoY while bulk cement sales were down 16.8 per cent YoY in March 2024. The retail sector saw the largest contraction by 9.1 per YoY, followed by the construction companies and contractors seg...
Bangladesh forecasts demand for clinker by 2027
Bangladesh has estimated a significant growth in demand for raw materials for steel and cement industries by 2027. According to the country's Industries Minister, Nurul Majid Mahmud Humayun, the cement industry's demand for clinker will reach 25Mt for the period while demand for steel is expected to reach 15Mt due to the ongoing boom in infrastructure development. He said procurement of raw...
Italian cement expanding amid strong government spending
Italian cement output continues to expand, rising 10 per cent YoY in February 2024, according to the latest data from Italian concrete association, Federbeton. This follows a 14 per cent expansion in January. Import and export data, which lag production data by one month, show grey cement imports jumped 78 per cent YoY to 265,322t in January, with a total CIF value of EUR22.2m or EUR84/t a...
Saudi cement sales up 13% YoY in April
Saudi Arabian cement sales increased by 12.5 per cent YoY in April 2024 but fell 18.4 per cent compared to the previous month. According to Aljazira Capital, domestic cement dispatches in April stood at 2.92Mt, compared to 2.6Mt in the same month in the previous year, due to the base month having 11 extra days of Ramadan. The 18.4 per cent MoM decrease was due to the Eid Al-Fatir holidays. Tot...
House of Representatives summons Nigerian producers
Dangote Cement and BUA Cement are among a number of cement producers that have been given 14 days to appear before the House of Representatives in Nigeria. The companies were initially summoned by the House to appear in early May as part of an investigation into the hike in cement prices across the country but failed to show, reports Premium Times. Jonathan Gbefwi, chair of the House of...
Pakistan cement exports continue to excel in April 2024
Pakistan’s cement industry’s total cement dispatches during April 2024 were 2.94Mt, compared to 2.95Mt in April 2023. This comprises local cement at 2.33Mt against 2.53Mt in April 2023, showing a decline of 7.99 per cent. Export dispatches rose by 45.96 per cent as the volumes increased from 420,857t in April 2023 to 614,264t in April 2024. Usama Rauf, investment analyst at AKD Securities, ...