Cement News tagged under: Pricing

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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 ...

Spanish watchdog includes Lafarge and Holcim in cartel proceedings

15 April 2015, Published under Cement News

Spanish competition regulator CNMC has included Lafarge and Holcim in the proceedings for alleged cartel agreements brought up against a number of sector players at the end of 2014. Additionally, the CNMC has extended the proceedings to Materiales y Hormigones and Hormibusa. The move was based on information gathered during several inspections carried out in September for alleged exchange of information, price fixing and market division practices in the cement and concrete sector. The CN...

Saudi cement sales see annual gains

09 April 2015, Published under Cement News

Saudi cement sales for the month of February 2015 were 6.5 per cent higher than in February 2013 and 9.7 per cent higher than February 2014 when the market was impacted by a labour shortage caused by a government immigration crackdown, according to new research from NCB Capital. Sales were 3.3 per cent lower than in January 2015, but this was due to the shorter working month. NCB Capital said the increase was led by smaller players in the market like Najran Cement and Aljouf, who are co...

TPI Polene: solid growth prospects

01 April 2015, Published under Cement News

TISCO Securities has reinitiate coverage of Thai cement producer TPI Polene with a ‘Buy’ based on exciting growth prospects. Coverage on TPIPL is reinitiated with a 'Buy' rating as the company is expected to post strong three-year CAGR in normalised profit of 160 per cent. Key earnings drivers are: 1) its expansion into alternative fuel power plant with a total capacity of 199MW over the next three years; 2) a 50 per cent increase in its cement capacity from investment in its fourth cemen...

Honduras: cement price up HNL10.35 in past year

24 March 2015, Published under Cement News

A 42.5kg bag of cement in Honduras has seen its price rise by HNL10.35 (US$0.48) in the past 12 months as the ex-works price was dollarised. In February 2014, the Ministry of Economic Development (SDE) and cement companies agreed to set the price at US$7.60/bag. From February 2014 to March 2015 the price rose from HNL157.10 to HNL167.45/bag. However, regional variations exist. In the capital Tegucigalpa, a bag costs HNL178-180 while in Nacaome and San Lorenzo cement retails at HNL190/...

Moody's: WCC's weakened 2014 results to have no impact on ratings

20 March 2015, Published under Cement News

Moody's Investors Service says that West China Cement Ltd's (WCC) weakened 2014 results are in line with the rating agency's expectations and will have no immediate impact on the company's B1 corporate family and senior unsecured ratings, or its stable rating outlook. "WCC's weakened profitability resulted in an increase in its financial leverage in 2014. However, we expect its financial leverage to slightly improve over the next 12-18 months owing to lower capital expenditure, says Jiming...

TCC International Holdings net profit rises 22.5%

13 March 2015, Published under Cement News

TCC International Holdings Ltd said net profit surged 22.5 per cent to US$264m. The Chinese cement producer attributed the profit rise to strong sales in southern China, where production plants in Guangdong and Guangxi provinces contributed more to sales. However, both cement sales and average selling price has dropped in the second half of 2014, it said in a public statement.