Cement News tagged under: Dispatches

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FY20 to remain challenging for cement sector in Pakistan

01 August 2019, Published under Cement News

Pakistani cement companies are scheduled to announce their 4Q annual results ended 30 June 2019. Mixed financial results are expected, despite two companies (Lucky Cement and Attock Cement) having reported a fall in profit earlier this week. However, various research house reports suggest that the stagnant cement demand in a fragile domestic economy continues to damage company profitability during 4QFY19. The rise in interest rates, utilities, transportation and depreciation expenses are ...

Chile’s cement sales up 6% in May

01 August 2019, Published under Cement News

Cement dispatches in Chile slipped 0.9 per cent MoM to 345,001t in May 2019, according to the Chilean Chamber of Construction (CChC). However, this represents a YoY increase of 6.4 per cent to 324,236t.  In the first five months of 2019, total dispatches increased 7.9 per cent to 1.773Mt when compared with 5M18 when dispatches were 1.643Mt.

Vietnamese cement dispatches fall in May

25 June 2019, Published under Cement News

Domestic cement dispatches in Vietnam fell six per cent YoY and seven per cent MoM to 5.929Mt in May 2019, according to the Vietnam Cement Association (VNCA). Of this total, 2.014Mt were delivered by VICEM and 1.625Mt by its associated companies, representing YoY decreases of seven and 10 per cent, respectively and MoM declines of three and nine per cent, respectively. Other Vietnamese cement producers accounted for 2.29Mt of domestic dispatches. In addition, around 2.545Mt of cement and c...

Chile’s cement dispatches increase 11% in April

19 June 2019, Published under Cement News

Cement dispatches in Chile were up 11.2 per cent to 348,151t in April 2019 when compared to 313,131t delivered in April 2018, according to the latest data published by the Chilean Construction Chamber (CChC). In the January-April 2019 period, 1.428Mt of cement were dispatched by the country’s cement plants, representing a YoY increase of 8.3 per cent. In January-April 2018 dispatches reached 1.318Mt.

Chilean dispatches up 20% YoY in March

20 May 2019, Published under Cement News

Chilean cement producers dispatched 398,132t of cement in March 2019, up 20 per cent from 331,802t in February 2019, according to the Chilean Chamber of Construction (CChC). When compared with 360,803t in March 2019, the YoY increase was 10.3 per cent.  In the first quarter of 2019, dispatches reached 1,080,074t, representing a rise of 7.4 per cent YoY. In the 1Q18, deliveries stood at 1,005,324t.

Exports from southern Pakistan remain strong

09 April 2019, Published under Cement News

Total cement sales in Pakistan declined by seven per cent YoY to 4.3Mt in March 2019 and six per cent YoY to 29.3Mt in 9MFY19. However, exports from the southern region continued to be strong. Total exports rose by 23 per cent YoY to 0.5Mt in March 2019. Exports from the northern region fell by 40 per cent as shipments to India have been halted following escalation tensions on the border. Exports in 9MFY19 rose 49 per cent YoY to 5.1Mt, mainly due to a ramp up of exports from southern pl...

9MFY18-19 APCMA data depicts gloomy results in northern Pakistan

05 April 2019, Published under Cement News

Pakistan's cement industry showed poor performance during the first nine months of current financial year July 2018-March 2019. All Pakistan Cement Manufacturers Association (APCMA) pictured a gloomy situation in its monthly report, stating that cement sector with its huge underused capacities continued to face a lack of domestic demand due to slowing growth, lower development spending and delays in the launch of the government’s ambitious low-cost housing scheme. While cement consumption ...

A review of 9MFY19 performance of Pakistan’s cement industry

02 April 2019, Published under Cement News

IGI Securities has reviewed the performance of Pakistan's cement industry for the first nine months of FY18-19 (July 2018-March 2019). Provisional numbers show that cement dispatches for March 2019 declined by 12 per cent YoY to 4.11Mt. On a cumulative basis, this brings 9MFY18-19 total dispatches to 34.19Mt as against 34.76Mt, recorded in the same period last year, marking a fall of two per cent YoY. While local sales from southern Pakistan have grown by over 15 per cent during the nine-m...

More promising outlook forecast for Pakistan cement sector

11 March 2019, Published under Cement News

According to a report of Spectrum Securities Ltd, Pakistan's cement industry is expected to improve its margins going forward as the impact of higher interest rates and devaluation of the Pakistani rupee will pass on to the end consumer gradually. Moreover, improving economic activities coupled with regional peace are expected to support cement demand going forward. During 1HFY19 the sector posted a decline of 19 per cent YoY in profitability. Total cement dispatches during 1HFY19 rose b...

INC reports record deliveries in 2018

08 January 2019, Published under Cement News

Paraguay-based Industria Nacional de Cemento (INC) closed 2018 with a delivery record of 12,964,917 bags of cement. In 2017 INC delivered 12,702,486t, up from the 12,659,924t it dispatched in 2016. During the last three months of the year, cement dispatches at the company returned to normal and enabled the company to replenish its stocks and meet back orders. Javier Rodríguez, head of the company, said that the record “highlighted the capacity of INC to overcome any difficult moment’. Wh...