Cement News tagged under: Consumption
Indonesia: shift to optimism25 January 2016, Published under Cement NewsWhile the Indonesian cement market boomed following the 1997-98 financial crisis, the domestic cement industry has undergone considerable changes as international majors moved in. Following the recent LafargeHolcim merger and the move away from Java’s epicentre in terms of capacity building, Indonesia’s cement industry continues to evolve as it looks forward with optimism to accelerating market growth. By Malcolm AR Llewellyn OBE, PT Numada, Indonesia. Increased competition on Java i... |
SCC Cement-Building Materials division facing near-term challenges19 January 2016, Published under Cement NewsSiam Cement Co (SCC) is expected to report good fourth-quarter earnings, but its Cement-Building Materials' (CBM) division is expected to come under pressure from depreciation expenses related to Asean cement plants and weaker consumption in its home market of Thailand, Bualuang Securities writes. The research house expects SCC to report a consolidated 4Q15 net profit of THB9.5bn, up eight per cent YoY and six per cent QoQ. The assumed YoY increase is due mainly to stronger Chemicals pe... |
Peru cement demand slips 3.5% in 201518 January 2016, Published under Cement NewsPeru’s cement dispatches remained stable in December 2015 as they reached 881,000t while total dispatches edged up one per cent to 928,000t, according to Asocem, the country’s cement producers’ association. Output fell by 0.2 per cent YoY to 931,000t. Full-year figures show domestic cement deliveries down by 3.5 per cent to 9.978Mt while total sales were down by three per cent to 10.332Mt. Per capita consumption fell 4.3 per cent YoY in 2015 to 352kg. Production slipped by 2.5 per cent t... |
Brazil sees full-year fall in sales14 January 2016, Published under Cement NewsBrazilian cement sales in 2015 declined by 9.2 per cent YoY to 64.4Mt, preliminary data and market estimates published by Sindicato Nacional da Indústria do Cimento (SNIC) reveal. Dispatches were down in all five regions, with the steepest annual declines registered in Central-West (-12.5 per cent) and Southeast (-10.9 per cent), followed by the North (-7.8 per cent), South (-6.9 per cent) and Northeast (-5.7 per cent). Imports for the period totalled 504,000t, down 38 per cent YoY, ... |
Steppe Cement Ltd preliminary update to 31 December 201514 January 2016, Published under Cement NewsSteppe Cement Ltd recorded revenue for the year ended 31 December 2015 of KZT19,537m (US$54m), which was seven per cent lower than the KZT20,925m recorded in the corresponding period of 2014. Sales volumes reached 1.6Mt, an improvement of two per cent YoY. The average price (ex-VAT) for delivered cement was KZT11,890/t in 2015, an eight per cent decrease compared with KZT12,975/t in 2014, mostly due to price pressure from Russian imports until the KZT devaluation in August 2015. For 2015,... |
Fitch Affirms Cementos Pacasmayo at 'BBB-'; Outlook Stable12 January 2016, Published under Cement NewsFitch Ratings has affirmed the ratings of Peruvian producer Cementos Pacasmayo at 'BBB-'. The Rating Outlook remains Stable. The ratings reflect the company's solid business position as the only cement producer in Peru's northern region. This position has resulted in high margins, low leverage and solid liquidity. The small size of the cement market in the north, as well as the logistical challenges found in this region, has limited the impact of imports and the probability a global compa... |
Argentina’s demand rises 3.6% YoY in December11 January 2016, Published under Cement NewsIn December 2015 Argentina’s cement producers dispatched 937,907t of cement, including exports, which represents a fall of 5.9 per cent MoM but a 3.6 per cent increase YoY, according to provisional figures published by AFCP, the country’s cement association. The Argentinian cement market contracted 6.3 per cent MoM but expanded 4.6 per cent YoY in the last month of 2015 as 933,160t were sold. Exports fell from 13,156t in December 2014 to 4803t one year later. In November 2015 overseas... |
Paraguay: demand up 8%, prices to fall 15%08 January 2016, Published under Cement NewsIn 2015 Paraguayan cement producer Industria Nacional del Cemento (INC) sold 12.4m bags of cement, an increase of eight per cent YoY, according to Jorge Méndez, CEO of INC. Mr Méndez also said that the previously-loss-making company had racked up 28 consecutive months of profits and saw its profit reach around PYG42bn during this time. Since March the company has been able to reduce the cost of cement and a further US$22m in savings are expected as a new fuel system is expected to drop cos... |
India: consolidation and market growth on the rise?08 January 2016, Published under Cement NewsCorporate consolidation in the Indian cement industry has been hitting the headlines recently, with local press reporting on potential deals in the pipeline. Meanwhile, with construction activity showing greenshoots, a revival in cement demand could be ahead. Consolidation has been on the rise in India and most recently local press have reported that Jaypee Group is said to be looking to offload the remainder of its cement business to retire a part of its ~INR612.85m (US$9.18m) debt held i... |
Moroccan market recovers in late 201507 January 2016, Published under Cement NewsFollowing a 21 per cent fall in September 2015, cement sales in Morocco rebounded in October and November as dispatches increased by 19.5 and 15.6 per cent, respectively, according to the Moroccan cement producers’ association, APC. Estimates for the full-year indicate a slight market expansion between 1-1.5 per cent in a year that was marked by demand instability. The modest growth is attributed in part to the malaise in the real estate sector. In addition, holidays such as Aïd Al Fitr an... |