Cement News tagged under: Consumption
Indonesia sales forecast to see double-digit growth hat-trick18 January 2013, Published under Cement NewsIndonesian cement consumption is expected to continue its strong growth trajectory and rise by double-digits for the third year in a row, according to estimates by local analysts. “We’ve seen two years of two digit growth. This year, the cement market remains positive because demand remains strong, particularly in ongoing infrastructure projects,” said Gifar Indra Sakti, an analyst with PT Sucorinvest Central Gani said. Cement demand rose by 17.7 and 14.5 per cent in 2011 and 2012, res... |
PCA revises 2013 consumption outlook upwards18 January 2013, Published under Cement NewsAccording to the latest forecast from the Portland Cement Association (PCA), there will be an 8.1 per cent growth in cement consumption in 2013, significantly higher than the tepid growth projected in its fall 2012 report. The upward revisions reflect adjustments made in light of the recent fiscal cliff accord, recognition of stronger economic momentum, and markedly more optimistic assessments regarding residential construction activity. The January report marked 2012 consumption at 78... |
Vietnam output reaches 47Mt in 201218 January 2013, Published under Cement NewsVietnam-based cement manufacturers produced more than 47Mt of cement in 2012, meeting 85.5 per cent of their full year target, according to an announcement by the Ministry of Construction (MoC) on its website. Total dispatches for the year were 53.61Mt, including domestic sales of 45.5Mt – down 7.1 per cent YoY. Cement and clinker exports, however, rose by 30 per cent to 8.1Mt. The MoC underlined the challenges faced by the local cement sector this year including a huge cement inventor... |
Peru’s cement shipments increase 15% in 201216 January 2013, Published under Cement NewsCement deliveries in the Peruvian market reached 9,571,920t in 2012, a 15.4 per cent rise when compared with 2011, according to cement manufacturers’ association Asocem. Exports more than doubled from 67,512t to 200,485t despite a buoyant domestic market. As a result, total cement dispatches expanded by 16.9 per cent to 9,772,404t from the previous year’s 8,361,633t. Senior analyst at the Economic Research Department of Scotiabank, Pablo Nano, said the increased sales of cement in Per... |
Saudi Cement posts 31.4% rise in 4Q12 net profit16 January 2013, Published under Cement NewsSaudi Cement Co posted a 31.4 per cent rise in its fourth-quarter net profit, fuelled by higher local demand, it said in a bourse statement on Tuesday. The firm made a net profit of SAR277.7m (US$74m) in the three months compared with SAR211.4m in the same period of 2011. Operating profit rose 36.8 per cent to SAR300.9m, an increase from SAR220m in the final quarter of 2011. |
Argentina’s 2012 cement shipments fall 7.8% YoY15 January 2013, Published under Cement NewsTotal shipments (domestic and exports) from Argentine cement producers fell 7.8 per cent YoY, according to the latest update from the Asociacion de Fabricantes de Cemento Portland (AFCP). For the 12 months to December 2012, total shipments reached 10.69Mt compared to 11.6Mt achieved in 2011. Sales to the domestic market were down by 8.16 per cent last year to 10.46Mt, compared to 11.39Mt in the previous year. Exports, remained stable in 2012 at 236,807t compared to 235,412t in 2011. ... |
India Ratings revises outlook on cement sector15 January 2013, Published under Cement NewsIndia Ratings has revised its outlook for Indian cement manufacturers from "negative" in 2012 to "stable to negative" for 2013, driven by limited downside risk for demand. The ratings agency also expects consolidation in the medium-to-long-term with large M&A activities, according to a report. "We expect consolidation in cement industry in the medium-to-long-term with large M&A activities in the sector," the rating agency said. The agency expects credit profiles of large cement firms... |
Brazil's domestic dispatches rise 6.9% YoY14 January 2013, Published under Cement NewsPreliminary data and market estimates indicate that in 2012, total sales by Brazilian producers to the local market reached 68.3Mta, representing an increase of 6.9 per cent over 2011 (63.9Mt), latest figures from Sindicato Nacional da Indústria do Cimento (SNIC) show. Imports for the year, according to data obtained from the SECEX / MDIC, totaled 977,000t, down 10.4 per cent on 2011 figures (1,091,000t). Total domestic cement consumption in Brazil in December 2012 reached 5.1Mt, ... |
US shipments rise 10% from Jan-October 201214 January 2013, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for October 2012 were about 8.1Mt, almost 10 per cent greater than shipments in October 2011. Shipments for the year through October were 67.6Mt, up by about 10 per cent, latest data from the US Geological Survey (USGS) shows The leading producing States in October were Texas, Missouri, California, Michigan, and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Illino... |
Morroco to add 5.9Mta of new capacity by 201714 January 2013, Published under Cement NewsCompetition is intensifying in the cement sector in Morocco, as existing players gear up for another phase of capacity development. While cement demand cooled in 2012 following double-digit growth the year before, the mid-term outlook is positive, and domestic players are now planning new facilities in a bid to maintain market share. Ciments de L'Atlas (CIMAT) has confirmed plans to build a third cement plant close to Nador in the north of Morocco as part of its strategy to maintain a 14 p... |