Cement News tagged: International
Feasibility study for Conch KT Cement plant in Kampong Speu completed
Conch KT Cement Co Ltd has completed a feasibility study on a cement plant planned for northwestern Kampong Speu province in Cambodia and is now working on the legal procedures to break ground, according to Vei Samnang, the provincial governor. The project represents an investment of more than US$250m, financed by China. The ~2Mta plant will be located in Monorom village, Horng Samnam commun...
Oman takes measures to meet shortfall in cement demand
The Ministry of Commerce, Industry and Investment Promotion held a joint meeting in Muscat on 22 March 2022 with departments concerned and related companies to discuss cement shortage in some governorates of Oman. One of the local factories suspended production due to the hike in costs of raw materials in the production prices. Almost immediately, Oman Cement announced its readiness to bo...
Vicat and Egypt settle investment dispute
Egypt’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 a...
Peruvian cement market expands 5% in February
Cement 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 w...
Building material prices continue to rise in Germany
Cement 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 C...
DR Congo sees cement price hike after reintroduction VAT
The 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 t...
Spanish cement demand expands 14% in February
Cement 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,” explain...
Puerto Rican cement sales decline 13% in February
In 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 industry
Ghana’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 busine...
Iran's cement market expands 5% MoM in February
Iranian 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 cemen...
Tudela Veguín halts production for 10 days
Cementos 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 capaci...
Punjab to establish new cement plant
A 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.
Sunchon raises output
The Sunchon Cement Complex in North Korea has increased cement output to serve rural construction, according to Korean News. The cement plant is reported to produced tens of thousands tonnes of cement in a short period. The production at the steel foundry and the refractory materials plant was increased to provide the cement complex with sufficient materials and parts to overhaul the factory...
Pakistani cement producers earn a profit in 1HFY22
The major players in Pakistan’s cement industry have reported a profit during 1HFY22 in Pakistan. The Spectrum Research has attributed to an increase in the topline, a decrease in finance cost and an increase in other costs during this period, particularly in the 2QFY22. However, most of the companies did not announce any dividends. Industry dispatches in 1HFY22 According to Lucky C...
Indonesia's annual demand increased by 4.3 per cent in 2021
Indonesia's annual domestic cement demand reached 65.215Mt in 2021, representing an increase of 4.3 per cent on the year before, in line with industry expectations. All of the domestic regions recorded higher demand in 2021. Consumption in Java, the largest market, representing 53 per cent of domestic demand, grew by 2.6 per cent to 34.695Mt in FY2021. In Sumatra, the second-largest market w...
February sales in Brazil increase 1%
Cement sales in Brazil edged up 1.2 per cent YoY to 4.726Mt in February 2022 from 4.672Mt in February 2021, according to the country’s cement association, SNIC. Sales were supported by more favourable prospects in the labour market, the continuity of the income transfer programme Auxílio Brasil and a considerable fall in COVID-19 cases. Exports increased 58 per cent in February 2022 to reach ...