Cement News tagged under: Production costs

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UltraTech second quarter profit surges, India

22 October 2012, Published under Cement News

India’s largest cement producer UltraTech reported a 97 per cent rise in standalone profit to INR5.5bn (US$102m) for the second quarter of the current fiscal FY12-13 but higher input costs continue to impede the domestic industry. During the July-September 2012 period, net sales rose 20 per cent to INR47bn, as consumption has seen a gradual uptick through the year. Cost cutting measures have helped the cement major achieve better results, the company said in a release. Margins of cemen...

ACC reports 52 per cent rise in 2QFY13 net profit

19 October 2012, Published under Cement News

ACC Ltd reported the growth of 52 per cent in its consolidated net profit for the second quarter of FY12-13 and expects its sales volume to increase in the next quarter as the monsoon season has ended. Net profit during the July-September period was INR2.42bn rupees (US$45m) against INR1.59bn a year ago. Net sales rose 12 per cent to INR25.56bn during July-September 2012 period but sales volume declined five per cent to 5.4Mt. The steep increase announced in the price of diesel during ...

Construction held by challenging macroeconomic environment

08 October 2012, Published under Cement News

A 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...

Indian producers seen posting higher 2QFY13 figures

05 October 2012, Published under Cement News

Indian cement manufacturing companies are expected to put up a robust performance this quarter owing to higher dispatches and lower raw material costs. The Economic Times of India reports that cement demand was higher this quarter on account of the monsoon being slightly weaker than normal. In addition, lower coal prices may lead to improved realisations. As a result, ACC Ambuja Cements and Grasim Industries are expected to double net profits from year-ago levels following double-digit sales...

East African import concerns

03 September 2012, Published under Cement News

The East Africa Cement Producers Association (EAPC) has flagged concerns over the increasing threat of imports to the region. The associaion yesterday warned that cement ports are not being subjected to the same technical standards and regulations as domestic cement, increasing the chance of sub-standard products being used in projects. “Cement is a very sensitive commodity yet the quality issues on imports are not being addressed at such a time when the number of collapsing buildings ...