Cement News tagged under: Pricing

RSS feed

RAM reaffirms Lafarge Malaysia ratings on strong business and financial profile

05 June 2015, Published under Cement News

RAM Rating Services has reaffirmed the ratings of Lafarge Malaysia Bhd’s debt notes based on the strong business and financial profile. The ratings agency had on Thursday reaffirmed the AA2/Stable/P1 ratings of the group’s MYR350m Islamic securities programme (2010/2017). “The ratings are premised on Lafarge Malaysia’s strong business and financial profile. The group is the leading producer of cement in Malaysia, whose annual production capacity of almost 13Mt accounts for about 40 per...

Ramco boosted by cost control, stable pricing

04 June 2015, Published under Cement News

India-based Ramco Cements reported a 274 per cent rise in 4QFY14-15 net profit to INR934.2m (US$14.6m) on better cost management and stable cement prices. Revenues for the three months to the end of March 2015 edged ahead by 1.2 per cent to US$156m but sales volumes fell 16.4 per cent to 1.88Mt (2.25Mt a year earlier). For the fiscal year that ended on 31 March 2015, Ramco Cements achieved a profit of US$37.9m, a rise of 76 per cent and a revenue of US$584m. Cement sales totalled 7.67M...

Arabian Cement Co 1Q revenue rises 11% YoY

03 June 2015, Published under Cement News

Arabian Cement Company (ACC) said first-quarter revenue increased by 11 per cent to EGP585m (US$76.6m) compared to EGP529m a year earlier. The advance was mainly attributed to a 13 per cent increase in volumes as prices slip over the period. However, net profit dropped 52 per cent YoY to EGP56m, while the net profit margin was down 12 points to 10 per cent, the company in a statement. ACC said the EBITDA stood at EGP184m,19 per cent below than EGP227m in the corresponding period of last...

Price variations across UEMOA capitals

29 May 2015, Published under Cement News

The price of a 50kg bag of cement varies from XAF3000 (US$5.01) to XAF6000 across the six capitals of Economic and Monetary Union of West Africa (UEMOA) states.  In Senegal’s capital, Dakar, the price is XOF3000, one of the lowest in the west African sub-region. Meanwhile, in Lomé (Togo) it is XOF4050 and in Cotonou, Benin, 50kg of cement costs XOF4200. Consumers in Bamako, Mali, pay XOF4500 while their counterparts in Yaoundé, Cameroon, part with XOF4400-4600. Prices are marke...

Cemex raised to Buy at Longbow

28 May 2015, Published under Cement News

Cemex is upgraded to Buy from Neutral by Longbow, based on continually improving fundamentals in the cement industry with price increases of 8-10 per cent supported by volume growth of 6-8 per cent. In a report published Wednesday, Longbrow Research analyst said utilisation rates are climbing and contacts are concerned about available capacity in late 2015 and early 2016; these factors, including limited driver availability, suggest continued suppliers' pricing power. US driver A re...

Adelaide Brighton predicts 2015 sales gain

28 May 2015, Published under Cement News

Australian construction materials group Adelaide Brighton says cement and clinker product sales volumes should be "similar to or greater than" levels in the prior year. Lime sales, which declined 7.7 per cent in 2014 after a downturn in the gold sector, were also anticipated to be similar or slightly higher than last year. The group told shareholders at today's annual general meeting that after last year's acquisitions, Adelaide Brighton was expecting to book around $4.4m worth of syn...

Holcim Indonesia's 1Q15 revenue declines on weak demand

05 May 2015, Published under Cement News

Holcim Indonesia recorded a decline in sales revenue of five per cent to IDR2.25trn in the first three months of the year, as volumes were down by seven per cent, reflecting the contraction in domestic demand over the period. Net income dropped to IDR32.7bn (US$2.5m) in the January-March period from IDR323.6bn in the same quarter last year. National demand for cement fell to 13.9Mt compared to four per cent growth (or 14.3Mt) over the first quarter last year. In addition, at the ...

Egypt prices stable on surplus supply

28 April 2015, Published under Cement News

Producers in Egypt have decided to keep cement prices stable for the fifth-consecutive month, Minister of Supply, Khaled Hanafy, announced on Sunday. The price stability is due to surplus supply, Daily News Egypt quoted Medhat Staphanos, head of cement companies at the Federation of Egyptian Industries (FDI) as saying. Output has increased following the introduction of coal, which has helped alleviate the uncertainty of fuel sources. However, producers are still waiting an uptick in demand....

Fitch downgrades Shanshui to 'BB-'; on Negative Watch

20 April 2015, Published under Cement News

Fitch Ratings has downgraded China Shanshui Cement Group Ltd's Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BB-' from 'BB'. The ratings have also been placed on Rating Watch Negative. The downgrade is driven by our view that the current weak cement price in Shanshui's core markets will persist, and affect the company's ability to improve its financial performance. The Rating Watch Negative follows a public announcement that parties related to China Tianrui Group Cem...

Kazakhstan: Steppe Cement 1Q volumes down

15 April 2015, Published under Cement News

In the first quarter of 2015, Kazakhstan-based producer Steppe Cement reported a three per cent decline in sales volumes to 192,884t from 198,607t a year earlier. The company said in a statement that the Kazakhstan cement market rose by eight per cent over the corresponding quarter of last year. However, Steppe Cement’s market share fell from 17 per cent in 1Q14 to 15 per cent in 1Q15. Cement imports increased by 25,000t despite the new factory operating in west Kazakhstan while exports ...