Cement News tagged under: Volumes
Italcementi06 December 2012, Published under Cement NewsItalcementi's turnover declined by 4.4% to €3,395.7m during the first nine months of 2012 and the running EBITDA came down by 11.4% to €500.5m. The trading profit fell by 34.0% to €159.8m while the net interest charge rose by 12.5% to €633.8, having come down by 38.6% a year ago. The contribution from associated companies was little changed at €11.5m. The pre-tax profit fell by 51.1% to €93.0m, as the capital gains in Turkey were not repeated this year. The net attributable profit, which ha... |
Lafarge Malayan Cement warns of weak 4Q05 December 2012, Published under Cement NewsLafarge Malayan Cement said it expects the fourth quarter to be weak as demand has been impacted by the rainy season. At a briefing last Friday, the company said its recent unilateral price hike in August 2012 will be dampened somewhat by rebates and discounts. Analysts at CIMB Research had earlier expected the hike in prices to be the key driver in the second half of 2012, and underestimated the impact of the weather patterns on cement demand. Operating costs over the next four quarte... |
Iran’s cement capacity reaches 86Mta05 December 2012, Published under Cement NewsIran’s cement production capacity is currently 86Mta, according to Iranian President Mahmoud Ahmadinejad. Speaking at the sidelines of an inauguration ceremony, Mr Ahmadinejad underlined the cement industry’s strong development in recent times considering that six years ago it was still dependent on imports. The country currently produces some 76Mta of cement. In the first seven months of the current Iranian year (beginning 20 March 2012) cement output amounted to some 43.28Mt, a YoY ... |
Mozambique is Cimpor’s star performer04 December 2012, Published under Cement NewsFor the first nine months of 2012, Cimpor’s cement and clinker shipments were 9.4 per cent lower at 18.82Mt, as volumes dropped by just over one -third both in Spain and China while Mozambique proved to be the company's star performer. The assets to be retained by Cimpor as a result of the agreement between the major shareholders for splitting the Cimpor assets, were actually 0.7 per cent higher at 10.97Mt. Turnover for the nine months to September 2012 was down by 1.6 per cent to €1170.... |
Cemex leads the charge on US pricing03 December 2012, Published under Cement NewsCemex is planning two incremental cement price increases in January and April 2013 in a bid to reverse the "chronic under-pricing of cement in the US", says Karl Watson, president Cemex USA. Speaking at a presentation in Mexico on Tuesday this week, Watson said that the price increases of US$8/t each are integral to the company's goal of achieving an EBITDA of over US$1bn by 2016. "Prices, in real terms, averaged US$154/t in the 1970s. The current industry price of, on average, US$90/t is... |
Vietnam Jan-Nov 2012 production declines30 November 2012, Published under Cement NewsVietnam produced 51.3Mt of cement in the first 11 months of this year, down 5.4 per cent from a year earlier, the General Statistics Office said. The country’s cement output in November is estimated to have increased by nine per cent YoY to 5.3Mt, the government-run office said in a monthly report released Monday. The office revised the country’s cement production in the first 10 months to 46Mt from the earlier estimate of 46.5Mt. In the first 10 months, Vietnam had around 2.6Mt of ... |
Indonesian full-year demand set to beat expectations30 November 2012, Published under Cement NewsIndonesian cement demand is seen closing this year 12 per cent ahead of 2011 figures, above previous expectations of eight per cent, but growth next year is likely to be impeded by capacity constraints, according to analysts at PT Samuel Sekuritas. Domestic cement consumption reached 44.64Mt in the January to October period of this year, an increase of 14.5 per cent compared to 38.98Mt last year, according to data from the Indonesian Cement Association. Next year, PT Samuel Sekurit... |
Gresik sees output rising 18% next year, Indonesia29 November 2012, Published under Cement NewsIndonesia’s leading cement producer PT Semen Gresik expects cement production to increase by 18 per cent next year, however, it has hinted that domestic sales growth could slow next year compared to the robust figures expected in 2012. The company’s president director Dwi Soetjipto said the company’s production growth could rise to 26Mt in 2013 from output of about 22Mt in 2012. In the first 10 months of 2012, the Gresik group sold 18.13Mt, an increase of 13.6 per cent compared to 15.... |
Ecuador October sales advance28 November 2012, Published under Cement NewsDomestic cement sales in Ecuador reached 586,426t in October 2012, 13 per cent ahed of the same month of 2011, according to the latest data from local cement association Instituto Ecuatoriano del Cemento (INECYC). For the first 10 months of the year, accumulated sales have totalled 4.9Mt, representing a 5.2 per cent YoY rise compared to the same period of 2011, INECYC figures shows. |
Cemex sees improved US results going forward28 November 2012, Published under Cement NewsCemex expects improved results at its US operations between 2013 and 2016 as the local market has shown stronger than expected trends, allowing for improved profitability. Karl Watson, president of Cemex USA, told analysts during a presentation on Tuesday the company expects US housing starts to increase 16 per cent next year, reaching 873,000. The company forecast US residential sector cement demand will increase by 14 per cent in 2013. Watson said US annual cement sales are now about... |