Cement News tagged under: Brazil
Brazil's cement sales slip 2% in 1H1817 July 2018, Published under Cement NewsFrom January to June 2018, cement sales in Brazil totalled 25.4Mt, down 1.5 per cent YoY, according to preliminary data from SNIC, the country’s cement association. Apparent consumption (domestic sales + imports) totalled 25.5Mt in the six-month period. slipping 1.9 per cent when compared with 1H17. SNIC President, Paulo Camillo Penna, said that the results achieved in the first half were strongly influenced by the truck drivers strike: "We projected an already positive performance in... |
Brazilian cement demand falls 20% in May10 July 2018, Published under Cement NewsBrazil’s cement market contracted by 20.3 per cent YoY in May from 4.503Mt to 3.588Mt (excluding imports), according to the latest data published by SNIC, the country's cement association. In the southeast, the largest market in the country, sales fell 17.5 per cent to 1.729Mt from 2.095Mt in May 2017. In the northeast sales decreased 23.2 per cent from 940,000t in the equivalent year-ago period to 722,000t in May 2018. A 20 per cent decline was recorded in southern Brazil with sales down ... |
Brazil bans 50kg bags for domestic use21 June 2018, Published under Cement NewsThe Brazilian cement sector has been given a decade to phase out 50kg bags of cement and replace them with 25kg sacks following an agreement between the country’s cement producers and the government. The step is to protect the health of workers that deliver the bags to work sites and according to the Department of Work “has the aim to bring the Brazilian industry in line with constitutional and international references to protect the health of the worker”. Some 33 companies in the sector,... |
Adverse weather and foreign currency exchange affect Titan's 1Q1824 May 2018, Published under Cement NewsΤitan Group 1Q18 results suffered from adverse weather conditions in the US and southeastern Europe, coupled with the strengthening of the euro against the US dollar and other currencies. Consolidated turnover reached EUR322.5m, recording a EUR39m decline compared to the previous year. EBITDA declined by EUR7.6m reaching EUR43.5m. Net profit after minorities and the provision for taxes was EUR0.9m, versus a EUR3.9m loss recorded in the 1Q17. Wet weather on the eastern coast of the ... |
Brazilian cement sales in April report 9% increase23 May 2018, Published under Cement NewsCement sales in Brazil increased 8.9 per cent to 4.352Mt in April 2018 when compared with 3.997Mt in April 2017, according to preliminary industry data published by the country’s cement association, SNIC. Exports were up 40 per cent to 7000t in April 2018 from 5000t from the year-ago period. According to the President of the National Union of the Cement Industry (SNIC), Paulo Camillo Penna, the increase in cement sales in April was directly impacted by the number of working days: "We had ... |
Cemex considering Brazil and India entry20 March 2018, Published under Cement NewsCemex CEO, Fernando González, said the company is considering entering two new emerging markets, Brazil and India, according to Construction LatinoAmericana. "We could make acquisitions if they meet the conditions we have set, but if we do not find an attractive option to buy, we will do something else," the executive said, referring to a possible repurchase of shares. During the Cemex Day 2018, the CEO said that the Board planned to ask shareholders in April to authorise the sale o... |
Brazil's cement demand largely stable in February14 March 2018, Published under Cement NewsBrazilian cement demand reached 3.872Mt in February 2018, down 0.8 per cent from 3.902Mt reported in the year-ago period, according to the latest data from the country's cement association, SNIC. Sales in the northern region dropped by 16.9 per cent YoY to 0.167Mt from 0.167Mt, the largest regional contraction in the country in February 2018. The northeast and southeast saw demand decrease by 5.1 and 0.5 per cent, respectively, when compared with February 2017. This resulted in a demand o... |
Brazil sales slip in January13 February 2018, Published under Cement NewsBrazilian cement sales were down 0.1 per cent YoY to 4.33Mt in January 2018, according to the country’s cement association, SNIC. Average sales per working day increased 0.2 per cent but apparent consumption fell 0.5 per cent to 4.44Mt. The results were in line with SNIC’s expectations, with sales expected to fall in 1Q18 before seeing increases in the 2Q18. In the 12 months ending January 2018 domestic sales saw an accumulated decrease of 6.2 per cent in comparison with the previ... |
Cemex Latin American Holdings depressed by Colombia12 February 2018, Published under Cement NewsCemex Latin American Holdings saw turnover decline by 5.5 per cent to US$1315.3m and EBITDA fell by 26.7 per cent to US$310.8m, with the margin coming down from 32.2 to 25 per cent. The trading profit deteriorated by 51.5 per cent to US$151.5m and after a further 0.6 per cent increase in financial expenses to US$63.3m and other items, the pretax profit dropped by 66.2 per cent to US$83.7m. After tax and minorities, the net attributable profit was 67 per cent lower at US$46.1m. The net debt w... |
Uruguay cement sales rise 3% in 3Q1705 February 2018, Published under Cement NewsUruguayan cement producers sold 203.100t of cement in 3Q17, representing a 3.4 per cent YoY. While 159,900t was sold in the domestic market, cement manufacturers shipped 43,600t for export. "Cement sales in Uruguay have a high orientation to the domestic market and there is a high correlation between cement sales in tonnes and construction activity," says a report from the Chamber of Industries (CIU). While detailing that the volume of sales of cement in the domestic market (measured... |