Cement News tagged under: Consumption

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Lafarge Malayan Cement expects robust 2H12 demand

05 September 2012, Published under Cement News

At Lafarge Malayan Cement’s analysts 2Q12 briefing held on Monday, the company said it expects the robust cement demand seen in the first half to continue in the second half. The company expects the healthy demand scenario to be driven by the implementation of large infrastructure projects such as the new LCCT terminal and coal power plants. Group utilisation rates remain high at 85-90 per cent, enabling management to cut back on cement exports in favour of serving the domestic market....

Sanghi Industries swings to full year profit, India

30 August 2012, Published under Cement News

India-based cement producer Sanghi Industries Ltd reported a net profit in fiscal year 2011-12 compared to a loss in the previous year as margins and sales improve in the fourth quarter. The company reported a net profit of INR81.87 crore for the fiscal year ended 30 June 2012 compared to a loss of INR29.55 crore in the previous fiscal.  Net sales rose 8.3 per cent to INR974.07 crore in FY11-12 compared to INR899.48 crore a year earlier. Commenting on the financial performance of the c...

Property boosts Indonesian cement demand

23 August 2012, Published under Cement News

Fuelled by rising housing demand and subsequent property development, Indonesia saw cement sales increase 12% through the first seven months of the year, according to the Indonesian Cement Association (ASI). Cement consumption rose to 30.86Mt in the January-July period, from 27.54Mt in the same period last year, said Widodo Santoso, ASI chairman. “Housing loans have spurred the development of housing and real estate development in Indonesia,” Widodo said last week. Industry analyst...

Vietnam: cement sales decline

22 August 2012, Published under Cement News

Total domestic cement consumption during the first seven months of this year was 27.6Mt, down by three per cent against the same time last year and 50 per cent of the yearly target, according to the Vietnamese Ministry of Construction. In July alone, only 4.14Mt of cement were sold, 300,000t lower than the previous month. The downturn has been blamed on the gloomy real-estate market. To better deal with cement stockpiles, cement producers have pushed exports. A total of 4.5Mt of clinker an...

The Philippines: 1H12 cement sales up 20%

21 August 2012, Published under Cement News

Philippine cement sales from January to June this year reached 9.54Mt, up by about 20 per cent YoY, according to data from the Cement Manufacturers’ Association of the Philippines (Cemap). Cemap president Ernesto Ordoñez attributed the sales increase to higher infrastructure spending, which was a combination of new infrastructure projects for 2012 and the pent-up demand from last year. The government deferred last year the implementation of various projects for review. This resulted in t...

Peru dispatches rise 16.5%

17 August 2012, Published under Cement News

Shipments of cement in the Peruvian market totaled 5.2Mt between January and July 2012, a 16.53 per cent increase over the figure recorded in the same period in 2011 (4.48Mt), reported the Association of Cement Producers (Asocem). During the same period production was 5.3Mt, representing an increase of 15.55 per cent over the same period of 2011, when it totaled 4.6Mt. Exports reached 76,058t of cement, reporting an increase of 175.99 per cent over the same period in 2011, when they we...

West China Cement net profit drops 65%, China

16 August 2012, Published under Cement News

West China Cement has reported a 65 per cent drop in first-half profit as selling prices declined and production costs increased. Net income dropped to CNY138.5m (US$23m) from CNY419m a year earlier, the cement producer said in a filing to the Hong Kong Stock Exchange yesterday. Sales were down 7.1 per cent to CNY1.59bn. The Shaanxi cement market will gradually recover this year, with pricing power maintained and possibly improved, the company said in a statement. Earlier this week, ...

Lucky Cement domestic sales boost full-year profit, Pakistan

16 August 2012, Published under Cement News

Lucky Cement reported a 71 per cent rise in full year net profit as domestic sales offset a decline in exports. Net income was PKR6.78bn (US$71.8m) in the 12 months ended 30 June with a PKR3.97bn (US$623.5m) a year earlier, the Karachi-based company said in a filing to the stock exchange. Revenue rose 23 per cent to PKR39.1bn while sales were three per cent higher at 5.97Mt. Domestic sales rose seven per cent while exports were down 4.7 per cent to 2.25Mt, the company said. A total ...

ACC sees Indian demand rising 10 per cent YoY, India

16 August 2012, Published under Cement News

Indian cement major ACC has said cement demand may grow at a healthy rate of 10 per cent in 2012 but subdued capacity utilisation and higher raw material costs will keep prices under pressure. "The demand for cement is expected to grow at 10 per cent over 2011. A lower utilisation rate coupled with increase in cost of raw materials and increasing logistics costs are likely to keep overall prices under pressure in all regions," it said in its annual report. "Pressure on costs will continu...

CRH advances strongly in the Ukraine

15 August 2012, Published under Cement News

CRH’s first half turnover improved by 5.2 per cent to €8,588m, but the EBITDA came off by 1.1 per cent to €568m. The better weather conditions in North America were offset by a worse experience in Europe. The trading profit was stable at €184m, while the pre-tax profit improved by 23.2 per cent to €117m, helped by gains on disposal, and the net attributable profit advanced by 36.8 per cent to €104m. Net debt at the end of June was 0.7 per cent lower at €3915m, to give gearing of 37.5 per ce...