Cement News tagged under: Leverage
Vietnam’s balancing act04 December 2013, Published under Cement NewsThe economic slowdown and the real estate bubble in Vietnam have resulted in a sharp decrease in cement demand in the past few years and an oversupply is envisaged in the years to come. However, the overall surplus situation barely scratches the surface, as balancing regional supply and shortages poses a far more complicated issue that must quickly be addressed. By Huong Thieu and Duy Nguyen, StoxPlus Corp, Vietnam. While the north and central Vietnam faces a surplus cement supply sce... |
Cemex sees 9% increase in 3Q12 operating EBITDA05 October 2012, Published under Cement NewsCemex said on Thursday it expects to report a nine per cent rise in operating cash flow in the third quarter of 2012, compared with the year-earlier period, although sales in dollar terms are expected to be down about two per cent. This is Cemex’s first results guidance in more than three years. The Mexican cement major said that adjusted for currency swings, sales in the third quarter were probably up three per cent from a year earlier, and EBITDA was likely 13 per cent higher. The res... |
TRIS assigns TPIPL at BBB+/Stable, Thailand03 October 2012, Published under Cement NewsTRIS Rating Co Ltd has assigned the company rating of TPI Polene PLC (TPIPL) at BBB+ with stable outlook. The rating reflects a strong position of TPIPL in domestic cement market as the third largest cement producer, its leading status in LDPE Homopolymer (LDPE) and LDPE Copolymer (EVA), product diversification, expected benefits from cost saving initiatives, and currently low financial leverage. The rating is, however, partially offset by the cyclical nature of engineering and constru... |
Domestic demand drives Kohat Cement FY12 sales10 September 2012, Published under Cement NewsPakistan’s Kohat Cement Company Ltd (KOHC) achieved a 26.5 per cent YoY growth in domestic sales during FY12, outperforming the industry which grew 8.8 per cent. Its exports, however, suffered a steep decline of 29.6 per cent YoY to 273,000t, reducing total growth to 12 per cent. The company achieved a four-year high capacity utilsation rate of 59 per cent, the highest since it started operations of ist expansion project. It expects volumes to grow at CAGR of four per cent for to 1.9M... |
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