Cement News tagged under: Pricing

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SCG anticipates challenging 2016 start

02 December 2015, Published under Cement News

Next year is expected be challenging for Siam Cement Group’s Cement and Building Materials, as the domestic market is facing the threat of new supply, according to management. Bualuang Securities hosted the SCG Dinner Talk on Friday, the key speakers of which were SCC's next CEO, Roongrote Rangsiyopash (effective January 2016), and CFO, Chaovalit Ekabut. During the event, management said domestic demand for cement in 1H16 is not expected to grow strongly enough to absorb new supply from T...

Italy: price fixing probe opened

27 November 2015, Published under Cement News

Italy's antitrust authority has opened a probe into four cement makers for alleged price fixing, it said in a statement on Thursday. The companies under investigation include Buzzi Unicem, Cementir Italia, Industria Cementi Giovanni Rossi and Holcim Italia, the watchdog said. The authority said it had carried out inspections in the offices of the four firms on 25-26 November. "The case concerns the possibility of an agreement ... to coordinate cement sales price increases," it added. ...

India: waiting for the party

23 November 2015, Published under Cement News

More than a year after the electoral victory of the Bhartiya Janata Party (BJP), expectations for higher cement demand growth rates still have not been met. Growth in the current fiscal year is forecast to be on a par with last year, but the latest data indicate signs of a positive change together with an expected uptake in the much-anticipated government infrastructure spend. Will India’s new, BJP-led government deliver on promises of better times ahead? So far this decade, Ind...

SCCC third-quarter net profit down on weaker demand and pricing

29 October 2015, Published under Cement News

Siam City Cement Co (SCCC) of Thailand posted a 3Q15 net profit of THB823m (US$23.1m), falling 22 per cent YoY. Lower domestic cement demand and selling price led the company's income to fall five per cent YoY to THB7419m. Although exports to neighbouring countries (eg, Cambodia, Myanmar, and Laos) grew, it was not strong enough to offset declining domestic sales as price competition intensified, thus depressing 3Q15 gross margin to 43.1 per cent. During the year, cement demand perform...

ICCI asks cement manufacturers to reduce prices to help quake-hit areas

29 October 2015, Published under Cement News

The Islamabad Chamber of Commerce and Industry (ICCI) has called on Pakistan's cement manufacturers to reduce the price of cement to benefit the millions of people whose homes were damaged after a 7.5 magnitude earthquake hit the Pak-Afghan region earlier this week. Pakistan’s Ministry of Water and Power says early reports indicate the country’s dams and hydropower installations are safe and secure . However, houses and others infrastructure have reportedly been damaged in northern area. ...

Eagle Materials reports record quarterly cement earnings and volumes

27 October 2015, Published under Cement News

Eagle Materials Inc posted yesterday record quarterly Cement and Paperboard division operating earnings as demand for the company's building materials and construction products remained strong in each of its regional markets “Eagle's construction products and building materials businesses continued to perform exceptionally well during the second quarter, with the Cement and Paperboard businesses reporting record quarterly operating earnings and our wallboard and concrete and aggregates b...

Germany's housing benefits

26 October 2015, Published under Cement News

Following last year’s recovery in German cement demand, a subdued start to 2015 means growth is likely to peter out. Housebuilding continues to recover from a low base, but the outlook for industrial construction appears downbeat. On the corporate front, M&A activity and asset swaps by European majors have led to some German plants now being under new management. German housing continues its recovery and increases its share of German construction activity The German economy grew...

ACC sees subdued July-Sept volumes and pricing

21 October 2015, Published under Cement News

LafargeHolcim Indian subsidiary ACC reported flat volumes and subdued selling prices for the July-September 2015 quarter as construction activity and cement demand remained weak during monsoon season. Turnover during the period stood at INR2740 crore, virtually flat from the same period of last year. Operating EBITDA fell to INR313.20 crore versus INR379.08 crores in July-Sept 2014. While sales remained flat, there was a reduction in energy costs. During the quarter, a provision was also m...

Steppe Cement revenue falls on lower pricing

14 October 2015, Published under Cement News

Steppe Cement Ltd Tuesday said revenue in the first nine months of 2015 fell four per cent YoY as increased sales were offset by lower cement prices. Kazakhstan producer said revenue in the third quarter of 2015 experienced a small rise to KZT7.77bn from KZT7.65bn a year previously. That brought revenue for the first nine months of 2015 to KZT16.04bn, down four per cent YoY from KZT16.77bn. Revenue fell in the first nine months as the four per cent YoY rise in sales volumes to 1.34Mt from ...

HSBC lowers China Resources Cement target price

08 October 2015, Published under Cement News

HSBC Global Research lowered its target price for China Resources Cement to HKD4.30 from HKD4.40 and maintained its "hold" rating. CRC recently said that based on the preliminary assessment of the group’s unaudited consolidated management accounts for the nine months ended 30 September 2015, attributable profit during the period is expected to "significantly decrease" as compared with that of 9M14. The decline is primarily attributable to lower selling prices of cement and clinker in ...