Cement News tagged under: Dispatches

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Vietnam Jan-Feb sales up 6% YoY

04 March 2016, Published under Cement News

Companies in Vietnam sold 9.44Mt of cement and clinker in the first two months of this year, rising six per cent from a year earlier and fulfilling 12.42 per cent of the whole-year target, the Building Material Department under the Ministry of Construction said. Of the sum, 7.26Mt of cement were sold at the domestic market, up nine per cent YoY, while 2.18Mt were exported, down three per cent YoY. In February the country’s cement sales fell 53 per cent from January and 4.4 per cent from...

Semen Indonesia eyes 4-5% first-half sales growth

04 March 2016, Published under Cement News

Semen Indonesia expects cement sales to grow between 4-5 per cent in Jan-Jun, driven by the government's push for infrastructure projects, Bisnis Indonesia reported quoting Suparni, president director of the company. For full-year 2015, the company reported an 18.7 per cent drop in net profit to IDR4.52trn (US$336.56m) due to the increase in electricity and distribution costs, as well as the depreciation of the rupiah against the US dollar. Total sales volumes rose by 0.4 per cent to ...

ASI hopes infrastructure development and housing will boost Feb sales

02 March 2016, Published under Cement News

Following the positive start to 2016, the Indonesia Cement Association (ASI) hopes to see an increase in February cement sales on the back of the government’s 1m-unit housing programme and infrastructure development in villages (for which the government allocated IDR47trn in the 2016 State Budget). Earlier this week, Indonesian Finance Minister, Bambang Brodjonegoro, said the government's spending on infrastructure projects in the first month of the year had increased 15 times to IDR1.5trn ...

Semen Indonesia full-year net profit falls

24 February 2016, Published under Cement News

PT Semen Indonesia Tbk reported an 18.7 per cent drop in 2015 net profit to IDR4.52trn (US$336.56m) versus IDR5.56trn a year earlier. In its financial report published Tuesday, the company's 2015 revenues totalled IDR26.95trn, virtually flat from the IDR26.99trn in 2014 amid sluggish demand. The company's president director Suparni attributed the fall in net profits to the increase in electricity and distribution costs, as well as the depreciation of the rupiah against the US dollar, lo...

Pakistan: Cherat Cement 1HFY16 profit rises 6%

12 February 2016, Published under Cement News

Pakistan producer Cherat Cement Co reported a profit after tax of PKR676.2m (US$6.48m) in the first half of FY16 versus PKR639.8m a year earlier, which translates to a six per cent YoY rise. The company reported stable dispatches (+1 per cent) stemming from rising domestic sales which were up by 13 per cent YoY. The advance in local dispatches was attributed to an acceleration in private sector construction activity and the partial materialisation of the projects under the government's bu...

Domestic sales drive Pakistan dispatch growth

08 February 2016, Published under Cement News

Pakistan cement dispatches increased by 6.38 per cent to 21.3Mt in the first seven months of the current fiscal compared to 20Mt in the corresponding period of FY14-15, according to the All Pakistan Cement Manufacturers Association. The increase is attributed to robust growth in domestic dispatches, which rose by 15 per cent YoY to 17.9Mt. Exports, on the other hand, declined by almost a quarter to 3.4Mt from 4.5Mt a year earlier. Closer analysis of domestic dispatches shows shipments f...

Philippines: double-digit rise in cement sales

04 February 2016, Published under Cement News

Cement sales in the Philippines increased by a strong 14.4 per cent YoY in 2015 to 24.36Mt, according to figures by the Cement Manufacturers' Association of the Philippines (CeMAP). CeMAP president Ernesto Ordoñez said the increased sales was brought about by the large budget by Public Works Department for infrastructure development, private sector confidence in government and new housing projects with low interest rates. Favourable weather conditions with reduced rains during the year a...

Indonesia: exports offset slower domestic sales

22 January 2016, Published under Cement News

Cement industry statistics show that full-year 2015 consumption in Indonesia increased by 0.8 per cent YoY to 60.4Mt, while including exports, sales were up by 2.1 per cent to 61.448Mt. While December 2015 showed a rise in Indonesian sales (+2 per cent including exports) the full-year figures are only modestly higher due to the poor sales in the earlier months of 2015. Exports (with a full-year increase of +209.9 per cent) offset relatively slow domestic sales. The country's largest c...

Vicem sales climb 4.2% in 2015

19 January 2016, Published under Cement News

State-owned Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, said it sold about 22.97Mt of cement and clinker in 2015, rising 4.2 per cent from a year ago and fulfilling 96.3 per cent of the whole-year’s target. Of the volume, 20.87Mt of cement and clinker were sold in domestic market, up 11.2 per cent YoY, and 2.1Mt were exported, down 35.9 per cent. In 2015 Vicem’s clinker production climbed 3.8 per cent YoY to 17.12 Mt, while its cement output rose ...

Saudi Cement Co reports drop in 4Q profit

19 January 2016, Published under Cement News

Saudi Cement Co reported a 32.8 per cent drop in fourth-quarter net profit on account of lower sales and an impairment charge for two kilns. In the three months to the 31 December 2015, the cement producer posted a net profit of SAR180m (US$48.03m), down from SAR268m in the corresponding period of 2014, the company said in a bourse filing. The drop was attributed to lower sales, and booking an impairment for two kilns at its Hofuf plant. The company had said last month it would book a SAR...