Cement News tagged under: Production costs
Siam City Cement 1Q sales rise, net profit hit by higher costs, Thailand13 May 2013, Published under Cement NewsSiam City Cement Co (SCCC), Thailand’s second-largest cement producer, reported a decline in operating and net profit for the 1Q13 despite a rise in sales as higher electricity and transport costs negatively affected results. Net profit for the three months to the end of March 2013 was THB1.12bn (US$37.7m), down 5.4 per cent on the same quarter of last year. Sales, however, were up 8.4 per cent YoY to THB7.5bn from THB6.9bn in the same period of last year. The rise was attributed to in... |
Pakistan cement producers deny cartel01 April 2013, Published under Cement NewsPakistan cement producers have denied the existence of a cement cartel, telling the Ministry of Industries that they are operating at the lowest rate of return. The Express Tribune reports that during a meeting with the ministry, the producers in question countered the claims by stating they have passed on the minimum impact of inflation to end-users over the past few years. They highlighted that cement prices, which were PKR320/bag in 2005, currently only stand at PKR425/bag despite inpu... |
Clinker import tax hike threatens small, medium-sized producers in Assam, India18 March 2013, Published under Cement NewsMedium and small-sized cement producers in Assam have criticized a proposal by the state government to raise the import tax of clinker by four per cent. The new proposal will see the entry tax on clinker raised from two to six per cent, applicable only to small and medium units, according to reports in the Economic Times. Industry sources said the proposal to raise the entry tax would adversely affect the small grinding units in the state. "It will increase the cost of production of the... |
Credit Suisse upgrades Taiheiyo Cement, Japan06 March 2013, Published under Cement NewsCredit Suisse has upgraded Japan’s leading cement producer Taiheiyo Cement to Outperform from Neutral and sees improved profits for the company in the next fiscal. The house sees a one-off but substantial shortfall versus guidance in the current fiscal year due to higher fixed costs and increases in cost outlays due to production-related issues. However, it expects the company to achieve profits in the fiscal ending March 2014 on a comparative profit rebound, relatively large benefits from... |
Adelaide Brighton posts modest rise in net profit, Australia22 February 2013, Published under Cement NewsAustralian building materials producer Adelaide Brighton has posted a 3.8 per cent rise in net profit as mining and resources projects in certain regions offset weakness in residential and commercial construction. In the 12 months to 31 December, the company recorded a net profit of AUD154.1m from AUD148.4m the year before, driven by mining and resource projects in South and Western Australia and the Northern Territory. A weak residential market in Victoria hit cement sales while depr... |
Sanghi Industries 2QFY13 sales up 26%22 February 2013, Published under Cement NewsSanghi Industries reported a 26 per cent rise in turnover for the second quarter of the year ended 31 December to INR286.3 crore. According to reports in the Business Standard of India, Sanghi Cement's net profit rose to INR21.6 crore in the second quarter as against a net profit of INR3 crore in the corresponding quarter of the previous fiscal. For the first half of the year, net profit stood at INR 39.8 crore against a net loss of INR 34.3 crore in the first half of the last year. Comme... |
CMA calls for a reduction in excise duty, India21 February 2013, Published under Cement NewsAhead of the government’s forthcoming Budget, the Cement Manufacturers Association of India has called for a reduction in the current excise duty on cement to bring it more in line with other core industries. It has also requested a revision to duties on imports of cement and on raw materials for cement production. The Economic Times of India published a statement by the CMA stating: “To encourage the cement industry and to bring it at par with other core infrastructure industries, the ex... |
Lafarge's 2012 consolidated sales rise on higher prices, emerging markets20 February 2013, Published under Cement NewsLafarge reported a 3.5 per cent rise in consolidated sales for 2012 driven by price increases across all product lines, higher cement volumes in Latin America and Asia and favourable foreign exchange effects. For this year it sees growth in cement demand with emerging markets continuing to lead the way. The group achieved cost savings of EUR410m in the year, delivering on its cost savings target as its savings plan is gathering pace generating EUR80m of EBITDA in 2012. EBITDA and curre... |
India: JK Lakshmi hit by slower demand, higher costs18 February 2013, Published under Cement NewsJK Lakshmi has reported subdued performance for the third quarter of the current fiscal year due to high freight costs and flat growth in dispatches. Profits declined by 16 per cent to INR41 crore YoY in the quarter ending December 2012 and lower construction activity led to a 2.7 per cent increase in dispatches. Rising diesel and freight costs also negatively affected results and, due to lower demand, the company was unable to pass on costs to consumers. JK Lakshmi, which operates... |
Paraguay’s INC records rise in 2H12 cement sales17 January 2013, Published under Cement NewsParaguay’s Industria Nacional de Cemento (INC) posted a 56 per cent jump in second half 2012 sales compared to the first half of the year. The company sold 6,337,786 bags of cement in the second half of 2012 compared to 4,051,637 bags sold in the first six months. As a result, the company accumulated revenues of PYG262,823m (US$62.7m) in the final semester of the year, a marked improvement on the first-half PYG166,131m. Full-year sales reached 10,389,423 bags, up 3.6 per cent from 1... |