Cement News tagged under: Pricing
Lafarge Malayan Cement 1Q13 revenues edge ahead23 May 2013, Published under Cement NewsLafarge Malayan Cement reported a YoY slight rise in consolidated revenue for the first quarter of 2013 but income from its cement division was impacted by a tough pricing environment. Its 2013 results are expected to be driven by key government infrastructure projects led by the Economic Transformation Programme (ETP) and 10th Malaysia Plan (10MP) and the company is also considering expanding capacity. Consolidated revenues for the first quarter of 2013 were MYR644.9m (US$212m), slightl... |
Iraq can grow with security23 May 2013, Published under Cement NewsWith considerable growth potential in the Iraqi cement market, the government is not only keen to rehabilitate the old plants but also aims to encourage new investors to enter the country. However, the task is a difficult one because of the continued political instability, the prospects for further unrest and inadequate energy supplies. Iraq’s cement industry has potential to grow, but it is restricted by political uncertainty and a lack of energy provision Iraq is a nation that... |
Competition Commission findings may force UK disposals21 May 2013, Published under Cement NewsThe UK’s Competition Commission (CC) is lining up a range of measures to open up the UK cement market including the possible disposal of plants and reduction of capacity, after provisionally finding that the sector's structure and conduct limit competition. The CC has published a summary of its provisional findings in its market investigation into the supply of aggregates, cement and ready-mix concrete in Great Britain. The regulator said on Tuesday that the UK market is highly concent... |
Indian producers directed to pay 10% of CCI penalty17 May 2013, Published under Cement NewsIndia’s Competition Appellate Tribunal has said that cement companies must pay 10 per cent of the INR6307 crore penalty issued to them by the Competition Commission of India (CCI) for cartel practices. Passing an interim order, a COMPAT bench headed by its chairman Justice VS Sirpurkar asked the 11 producers in question along with the Cement Manufacturers Association to pay around INR630 crore within a month, according to reports by the Press Trust of India. The matter is scheduled for a ... |
Argentina’s Supreme Court rejects cartel arguments09 May 2013, Published under Cement NewsThe Argentine Supreme Court rejected Wednesday the arguments provided by the country’s five largest cement companies – Loma Negra, Minetti, Cemento San Martin, Petroquímica Rivadavia, Cement Avellaneda - and its cement association AFCP against a combined ARP310m (US$60m) fine imposed by the state for price and market fixing. The court’s decision draws a line under a legal battle that started eight years ago when the original complaint was made under the Roberto Lavagna administration. The... |
DTI requests further information on Philippine pricing06 May 2013, Published under Cement NewsPhilippine cement producers have until next week to provide the Department of Trade and Industry (DTI) with further information explaining reasons behind their higher selling prices. Last month the DTI asked Holcim Philippines, Lafarge Republic Inc, Cemex Philippines and Eagle Cement Corp to explain why cement is being sold above the recommended retail price of PHP205-PHP210/bag. Trade undersecretary Zenaida Maglaya has since told The Philippine Star that while three of the four cement... |
Barclays lowers China's 2013 pricing forecasts02 May 2013, Published under Cement NewsBarclays has reduced its forecasts for cement prices in China this year to +2 per cent from the previous +5 per cent, according to reports by Dow Jones. It has therefore cut its 2013 earnings per share estimates for cement companies by 1-20 per cent to reflect the lower price realisations, which will be partly offset by lower coal prices and higher sales volumes estimates. Barclays says that its positive view on the improving supply/demand situation in 2013 is unchanged and the near-term po... |
Lucky Cement's nine-month net profit ahead, Pakistan01 May 2013, Published under Cement NewsLucky Cement, has reported a 49 per cent YoY rise in net profit for the first nine months of FY13 as Pakistan’s largest cement producer by capacity is boosted by higher prices. For the nine month period ending March 2013, the company reported a profit of PKR6.98bn. The company's local cement dispatches rose 2.8 per cent YoY to 2.77Mt while export sales declined by 1.1 per cent YoY to 1.66Mt. Total dispatches stood at 4.43Mt, up by 1.3 per cent. Higher retention prices drove the top-lin... |
Venezuela faces irregular cement supply30 April 2013, Published under Cement NewsWhile Venezuela’s authorities claim a rise in cement output, supply of the product on the ground continues to struggle, negatively impacting the implementation of projects, particularly in the private sector. Construction industry sources said that Fábrica Nacional de Cemento (FNC) and Cementos de Venezuela both face operational issues and only Industria Venezolana de Cemento is working at full capacity. As a result, supply of cement has been irregular and builders have noted a reduce... |
Vicat advances in Asia and Americas26 April 2013, Published under Cement NewsVicat's first quarter turnover was ahead by 1.2 per cent to EUR491m, which represents an underlying improvement of 2.7 per cent. Cement turnover was up by 1.8 per cent to EUR304m, with cement shipments advancing by eight per cent to 4.1Mt. Turnover in concrete and aggregates rose by 6.7 per cent to EUR181m as aggregates shipments rose by 10.1 per cent to 4.73Mt and ready-mixed concrete deliveries jumped by 21.7 per cent to 1.8Mm³. Other products and services registered a 0.4 per cent incr... |