Cement News tagged under: Production costs
Ethiopia: talks on 10-year industry development strategy23 December 2014, Published under Cement NewsDiscussions are being held by stakeholders on a draft 10-year cement development strategy for the development of Ethiopia’s cement industry. State Minister of Industry Mebrat Meles said the strategy will be aimed at boosting plant productivity and ensuring the availability of cement at affordable prices for low income earners. Representatives from domestic cement plants share this same view and vowed to realise the strategy, according to local press reports. Problems of limited capacity... |
Pakistan producers bring prices down18 December 2014, Published under Cement NewsPakistan cement producers have reduced prices by PKR5-23/bag, passing on the cut in the prices of petroleum products and coal, according to a recent market survey. Bestway Cement reduced the price to PKR492 from PKR502/bag (US$5), Dewan Cement to PKR490 from PKR510/bag, Cherat Cement to PKR495 and Lucky Cement slashed the price to PKR497 from PKR520/bag, according to a report by local press. The wholesale price of a cement bag has declined to PKR472 and PKR480 in Khyber Pakhtunkhwa and ... |
Lafarge Malaysia's 3Q14 pretax down 54.2%19 November 2014, Published under Cement NewsLafarge Malaysia reported a 54.2 per cent drop in third-quarter pretax profit on lower revenue and higher operating cost arising from the increase in electricity and fuel prices. Pretax profit for the three months to the end of September 2014 plunged to MYR73.9m (US$21.98m) from MYR161.41m a year earlier, the country's largest producer said in a statement released yesterday. Revenues over the three month period fell to MYR664.63m from MYR728.01m in 3Q13. The decline in sales mainly att... |
Bamburi posts first-half pretax profit drop08 August 2014, Published under Cement NewsBamburi Cement posted a 28 per cent drop in first-half pretax profit to KES2.3bn (US$26.2m) from KES3.2bn a year earlier. The Lafarge group company attributed the decline to rising power costs, increased use of imported clinker and the introduction of a mining levy in Kenya. Operating profit fell 27 per cent to KES2.2bn compared KES3bn in the comparative period of 2013. However, turnover rose 9.5 per cent as a result of higher sales volumes in the first half of the year both to domestic ma... |
Trinidad Cement Ltd increases prices02 July 2014, Published under Cement NewsTrinidad Cement Ltd (TCL) has increased its prices as of 1 July 2014 to help counter increases in production costs. The company stated: “TCL Premium Plus, which accounts for 95 per cent of local market share, will be adjusted by nine per cent, which is equal to a five cent increase per pound from US$.53 to $.58 VAT inclusive. Ordinary Portland Cement (OPC), which is used by approximately five per cent of the market, will move by 15 per cent.” TCL added: “These price movements have resul... |
Asia Cement (China) earnings surge30 April 2014, Published under Cement NewsAsia Cement (China) said its profit attributable to owners for the first three months of 2014 was 13.73 times higher YoY at CNY127.7m (US$20.4m). Revenue rose to CNY1.6bn, an increase of 20.6 per cent from a year earlier. The leap in the group’s earnings for the period was mainly attributable to an increase in average selling prices and a decrease in cost of coal over the same period last year, the company said in a statement. During the period the group sold 5.29Mt of cement and clinker,... |
UltraTech Cement quarterly profit rises 15% YoY24 April 2014, Published under Cement NewsUltraTech Cement reported a 15 per cent rise in net profit of INR8.4bn (US$138m) for the first quarter of the year on cost control initiatives. The company said it saw continuing pressure on input and logistic costs due to the increase in railway freight and a continuous hike in diesel prices. Although there was some relief on account of softening prices of imported coal, the impact was negated by the depreciation of the Indian rupee. However, optimisation of its fuel mix and other initiat... |
Siam City double-digit rise in earnings and sales23 April 2014, Published under Cement NewsSiam City Cement Co (SCCC) reported a double-digit rise in earnings and sales during the first quarter of 2014, as higher cement prices and increased exports help offset declines in its domestic market of Thailand. SCCC said yesterday to the Stock Exchange of Thailand that earnings rose 56 per cent YoY to THB1.9bn as net sales rose 14 per cent to THB8.65bn. Thailand’s second-largest cement producer attributed the rise in revenue to higher average selling prices and a rise in exports despit... |
China Resources Cement sees strong growth in attributable profit15 April 2014, Published under Cement NewsChina Resources Cement (CRC) has said it expects profit attributable to shareholders for the quarter ending 31 March 2014 to be significantly higher compared to the corresponding period of 2013. The improvement is mainly attributed to higher average selling prices (ASP) of cement and clinker as well as reduced coal costs compared to 1Q13. The company’s quarterly results announcement will be issued at the end of April. Macquarie Research has slightly lifted its target price for the compa... |
Lafarge Republic boosted by robust demand01 April 2014, Published under Cement NewsLafarge Republic Inc (LRI) reported a 30 per cent rise in net profit last year to PHP3.7bn (US$82.6m) on the back of robust demand from government as well as private commercial sector projects. Revenue increased by 16 per cent to PHP23bn with the company attributed to increased cement demand as well as sales and marketing initiatives. Cost of sales increased mainly due to higher prices for power and raw materials. LRI said it was able to moderate the increase by utilising coal in its ki... |