Cement News tagged under: Volumes
Nigeria: managing the surplus18 February 2013, Published under Cement NewsEarlier this week United Cement Company of Nigeria Ltd (Unicem) became the latest domestic producer to announce a new round of investment as it aims to double capacity by 2016. But with the country's recent drive to increase volumes resulting in the present-day overcapacity situation, particularly in the southwest, how will the market deal with the situation and what measures are producers taking to manage the surplus? The last two years have seen Nigeria come of age, at once becoming sel... |
Brazil: January sales rise 5.9% YoY14 February 2013, Published under Cement NewsLatest data on the Brazilian cement market shows that cement consumption increased by 5.9 per cent in January 2013 to 5.6Mt. Figures released by Sindicato Nacional da Indústria do Cimento (SNIC), show that for the last 12 months (February 2012 to January 2013), domestic sales reached 68.6Mt, representing an increase of 6.5 per cent on the same period a year ago (February 2011-January 2012). In 2012, domestic sales reached 68.3Mta, an increase of 6.9 per cent over 2011 (63.9Mt). Impor... |
Portugal’s cement demand drops 26.9% in 201205 February 2013, Published under Cement NewsCement consumption in Portugal fell by 26.9 per cent last year to lows not seen since 1973. According to a report released today by the Portuguese Federation of Construction Industry and Public Works (Fepicop), consumption last year reached 3.3Mt in 2012. The industry body said the crisis in the construction sector has caused significant reductions in cement consumption, the number of workers and the licences for apartment buildings. The unemployment figures reached 101,449 people by ... |
Pakistan's domestic sales rise 10.1% in January05 February 2013, Published under Cement NewsPakistan’s domestic consumption continues to uphold sales with latest industry data for January show another decline in exports. According to data from the All Pakistan Cement Manufacturers Association, domestic cement sales jumped by 10.10 per cent to 2.135Mt in January 2013. However, exports fell by 11.91 per cent to 522,584t during the month. In the first seven months (July-January) of the current fiscal year, total cement sales rose by 4.02 per cent and reached 18.607Mt. Domestic c... |
Cementir improves profits in spite of lower volumes01 February 2013, Published under Cement NewsCementir Holding saw turnover advance by 4.6 per cent to €976.2m, helped by better prices, and the EBITDA improved by 11.1 per cent to €138.0m. Net debt at the end of 2012 was 4.2 per cent higher at €373m. The number of employees increased by 3.3 per cent to 3307. Group shipments of grey and white cement declined by six per cent to 9.85Mt, reflecting lower volumes in Italy and in Egypt and a decline in exports from Turkey. This was in part offset by higher volumes in the Far East. Aggre... |
Kenya set to see decline in 2012 consumption31 January 2013, Published under Cement NewsKenyan cement consumption is set to register the first decline in three years. Provisional data for 2012 from the Kenya National Bureau of Statistics shows that consumption is unlikely to go over the 3Mt mark surpassed in the previous two years. Over the first 11 months of 2012, demand reached 2.6Mt compared to 3.4Mt in full-year 2011 and 3.1Mt in 2010. On the positive side, consumption in November 2012 saw a MoM gain of six per cent to 337,096t from 318,016t in October 2012. Cement produ... |
Colombia’s cement output drops 1.3% in December 201231 January 2013, Published under Cement NewsColombia’s grey cement production fell 1.3 per cent YoY in December 2012 as output slipped to 948,400t, according to the national statistics agency DANE. In terms of dispatches, some 831,500t were sold on the national market, a 5.9 per cent YoY cut, attributed mainly to the 11.6 per cent drop in retail sales. However, builders and contractors increased their takeoff by 9.9 per cent. The largest contraction in dispatches was noted in Bogotá (-17.7 per cent) while Cundinamarca enjoyed a... |
Holcim Apasco: cement consumption in Mexico expanded 3.5% in 201229 January 2013, Published under Cement NewsHolcim’s Mexican arm, Holcim Apasco, estimates that cement demand in the country grew 3.5 per cent in 2012 compared to 2011. The cement major said the increase in consumption, which reached 35Mt last year, was driven by stronger growth in the infrastructure segment, moderate expansion in self-build housing as well as the construction of industrial buildings, offices and shopping centres. Gustavo Gastelum, the company’s director of external relations and communications, said that recent ... |
Investing in Iranian cement production29 January 2013, Published under Cement NewsIran’s Bank of Industry & Mine, a specialised government-owned bank which aims to increase economic growth through the development of the industry and mining sectors, has allotted around EUR400m to fund 15 cement projects over the past three years, IRNA News Agency has reported. Latest figures on the cement sector show that Iran's cement output will reach 75Mt, by the end of current Iranian calendar year (19 March 2013), according to Deputy Iranian Industry, Mine, and Trade Minister, Vaj... |
Yanbu Cement full-year net profit rises 36% YoY28 January 2013, Published under Cement NewsSaudi cement producer Yanbu Cement Co (YCC) reported a surge in full-year net profit thanks to increased demand and a new production line as top capacity players benefit from the country's boom period. The company's net profit rose 36 per cent YoY in 2012 to SAR720.5m (US$192.1m). Earnings per share (EPS) stood at SAR 6.86, up from SAR 5.04. Local cement producers have been riding high on government projects which puts emphasis on improving education, social services and basic infrastruc... |