Cement News tagged under: Pricing
DG Khan first quarter boosted by prices, Pakistan25 October 2012, Published under Cement NewsPakistan cement producer DG Khan Cement Ltd (DGKC), reported a significant rise in net income in the first quarter of the current fiscal thanks to rising cement prices. Net income increased to PKR1.42bn (US$14.8m) from PKR355.5m, the Lahore-based company said in a filing today. Sales rose 15 per cent to PKR6.1bn. Cement makers have relied on price increases amid stagnant sales in the past five years. |
Buzzi Unicem expected to revise 2012 EBITDA guidance23 October 2012, Published under Cement NewsBrokerage Equita expects Italian cement maker Buzzi Unicem to report a 21 per cent rise in EBTIDA for the first nine months of 2012 to EUR177m. The third-quarter EBITDA will push the management to revise up its 2012 EBITDA target from the current EUR430m to at least the consensus estimate of EUR 455m, Equita said. The broker expects Buzzi Unicem to report sales of EUR828m for the third quarter, up eight per cent YoY. Equita sees the cement maker to have confirmed in the third quart... |
Mozambique prices expected to fall22 October 2012, Published under Cement NewsMozambique’s minister of industry and trade Armando Inroga expects cement prices will fall by year-end as production stabilises. Further reductions are expected next year as competition increases with new facilities coming on-stream. In the capital Maputo prices have climbed from MZN215/50kg bag (US$7.5) to MZN240 (US$8.3). Prices are reported to be much higher in the central and northern provinces. For example, in Sofala, Nampula, Niassa and Cabo Delgado, prices are in excess of MZN350/ba... |
Anhui Conch Cement sees strong September sales and output growth, China17 October 2012, Published under Cement NewsThe start of peak seasonal demand in China has boosted Anhui Conch's September sales and output as average prices register weekly gains. A China Securities Journal report said on Wednesday, which cited a number of brokers, said that subsidiaries of the cement giant have been running at full capacity, and some of their output in September has hit new high. In addition, some subsidiaries have exceeded the target output and sales tasks for September and the third quarter of this year. Its Hu... |
Fitch affirms Societe des Ciments d'Enfidha's long-term rating, Tunisia17 October 2012, Published under Cement NewsFitch Ratings has affirmed Tunisia-based cement manufacturer Societe des Ciments d'Enfidha's (SCE) National Long-term rating at 'BBB(tun)' and National Short-term rating at 'F3 (tun)'. The Outlook is Stable. The affirmation reflects SCE's recovery of an adequate trading performance in the first eight months of 2012 after production recovered to pre-revolution levels at its Enfidha plant. Despite expected lower operating margins in 2012 compared to historical levels due to rising energ... |
Sri Lanka increases cement prices15 October 2012, Published under Cement NewsSri Lanka's consumer affairs authority has raised the price of a 50kg bag of cement by 68 to 85 rupees from midnight Saturday, Sri Lanka's Daily Mirror newspaper said in its online edition. The price of cement made by Holcim, which runs a fully integrated domestic factory, remain unchanged, the report said. Manufacturers of cement from imported clinker as well as importers were hit by price controls, after energy prices rose and the exchange rate depreciated. Earlier amid a gl... |
CCI asked to provide details on cement cartel ruling, India12 October 2012, Published under Cement NewsThe Competition Appellate Tribunal (COMPAT) has asked the Competition Commission of India to submit fresh copies of its order levying over INR 6,300 crore (US$1.1bn)) in penalties on 11 cement companies for cartel practices, providing them with complete details on production, pricing and sales. Hearing the appeals of the cement companies against the Competition Commission order of June 21, COMPAT asked it to issue a fresh copy of the direction to them within a week, according to reports i... |
Construction held by challenging macroeconomic environment08 October 2012, Published under Cement NewsA recent research note by analysts at CM-CIC Securities sees four main themes for the global construction sector in light of a prevailing harsh macroeconomic environment. While diverse trends are being witnessed in the US and Europe and emerging markets are expected to see a slowdown in growth, a turning point could be reached in 2012-13 in terms of margins. Taking a historical look, the France-based research house highlights that today's construction industry crisis, which was fuelled by... |
Andhra Pradesh hit by declining prices and demand, India04 October 2012, Published under Cement NewsCement producers operating in the Indian state of Andhra Pradesh continue to suffer due to lower prices and demand in the region, the Economic Times of India reports. Cement prices have corrected sharply by 10 per cent over the last few weeks and are down 25 per cent on peak levels from INR300/bag. The decline in prices is attributed to new market entrants rather than seasonal effects. For example, JP Cement is selling cement at around INR201-220/bag which is INR20-30 lower than prices by l... |
Cemex sees Malaysian market growth ahead30 September 2012, Published under Cement NewsCemex Concrete (M) Sdn Bhd (Cemex Malaysia) is doubling its capital expenditure this year as the continuation of infrastructure building activities would be sufficient to sustain the demand for building materials, according to country director Fikry El-Kaissouni. "There has been steady growth in the Malaysian construction market. This is something that gives comfort to large companies like Cemex [Malaysia] to enter the market," El-Kaissouni told The Edge Financial Daily. "Malaysia is a ... |