Cement News tagged under: Volumes
Philippine nine-month cement sales surge24 October 2012, Published under Cement NewsPhilippine cement sales increased 20 per cent in the first nine months of 2012, the first time such a high growth rate has been achieved for nearly 20 years. Figures from the Cement Manufacturers Association of the Philippines (CeMAP) show that between Jan-Sept 2012, cement sales reached 13.9Mt against 11.6Mt recorded in the same period last year. CeMAP president Ernesto M. Ordonez told reporters the growth was largely fueled by the strong infrastructure expenditures of the Aquino ad... |
Bolivia’s cement sales up 8.5% to September23 October 2012, Published under Cement NewsBolivian cement sales continued their upward trend with deliveries to September increasing 8.52 per cent to more than 2Mt, according to the Bolivian Institute of Cement and Concrete (IBCH). Domestic cement plants registered an increase of 5.47 per cent, but imports also noted a rise of 4.72 per cent. Insumos Bolivia imported 23,000t of cement in the first nine months of last year. This year, the figure increased to 24,100t. In addition, smaller companies imported 58,700t. “Imports have bec... |
Buzzi Unicem expected to revise 2012 EBITDA guidance23 October 2012, Published under Cement NewsBrokerage Equita expects Italian cement maker Buzzi Unicem to report a 21 per cent rise in EBTIDA for the first nine months of 2012 to EUR177m. The third-quarter EBITDA will push the management to revise up its 2012 EBITDA target from the current EUR430m to at least the consensus estimate of EUR 455m, Equita said. The broker expects Buzzi Unicem to report sales of EUR828m for the third quarter, up eight per cent YoY. Equita sees the cement maker to have confirmed in the third quart... |
Eurocement’s Ukraine operations see further market growth23 October 2012, Published under Cement NewsPlants operating under the Eurocement-Ukraina network produced more than 1.2Mt of cement in the first nine months of 2012. More than 1.22Mt of cement have been sold in the reporting period. According to VV Gorgolyuk, CEO of Eurocement-Ukraina, results during the period indicate that the potential for further market growth and the strengthening of leadership position in the market of the plants included in Eurocement-Ukraina still have not been exhausted. |
Iran forecast to produce 75Mt cement by year-end22 October 2012, Published under Cement NewsIran is projected to produce 75Mt of cement by the end of the current Iranian year (March 20, 2013), according to local news reports. ISNA quoted Iranian deputy industry minister, Vajihollah Jafari, as saying that production capacity will be 86Mt by the end of the year. Iran exported over 6.8Mt of cement during the first six months of the current (Iranian) year. |
Argos registers 25% rise in third quarter EBITDA19 October 2012, Published under Cement NewsColombia’s Cementos Argos' third quarter operating revenues reached COP3.2bn as the cement company sold 8.2Mt of cement and 6.4Mm3 of concrete in Colombia, the Caribbean and the USA. The figures represent an expansion in sales of seven per cent for cement and eight per cent for concrete. The company’s EBITDA amounted to COP605,000m, an increase of 25 per cent YoY while its operating profit totalled COP328,000m due to the momentum gained by its US and Caribbean operations. Net profit stood ... |
Spain's cement consumption fall accelerates19 October 2012, Published under Cement NewsThe latest cement sales figures coming out of Spain offer little, if any, hope for the country’s cement producers that business may be picking up. While in August, a 34 per cent drop in sales was noted, September registered a worse contraction. Consumption barely made 1Mt, thus recording a 38 per cent decrease MoM to 1.047Mt. Cement factories noted a 27 per cent fall in output to 1.272Mt in September. For the year to date, national cement consumption fell by 34.6 per cent to 10.61Mt in ... |
ACC reports 52 per cent rise in 2QFY13 net profit19 October 2012, Published under Cement NewsACC 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 ... |
Argentine shipments see MoM gains19 October 2012, Published under Cement NewsIn September 2012, Argentina shipments (including exports) reached 907,186t, representing 5.4 per cent increase compared to August. However, compared to September last year, shipments fell 17.8 per cent. Domestic consumption reached 889,649t, representing a rise of 5.8 per cent from the previous month. However, compared to September 2011 volumes were down 18.7 per cent. Source: Asociación de Fabricantes de Cemento Portland. |
BofAML says China cement industry trends turned positive18 October 2012, Published under Cement NewsChinese cement stocks have rebounded 20 per cent since early September, and Bank of AmericaMerrill Lynch believes the industry outlook tends to turn positive as new production capacity is expected to plunge starting from 2013. The demand for and production capacity of cement are set to be more balanced after excessive production capacity in the third quarter. Moreover, cement demand will recover moderately along with the improvement in property sales. (Source: AA Stocks Financial News). |