Cement News tagged under: Volumes
Holcim’s Indian interests report August declines05 September 2012, Published under Cement NewsHolcim’s Indian group companies, ACC and Ambuja Cements, have reported marginal declines in cement production and dispatches for August 2012. ACC, India’s second largest cement producer, posted a decline of 6.9 per cent in cement production as well as cement dispatches to 1.75Mt last month, compared to 1.88Mt in August 2011. Total cement production between January-August 2012 saw growth of 2.4 per cent to 16.47Mt, against 16.09Mt in the same period of last year. Dispatches for the eigh... |
Lafarge Pakistan Cement swings to profit05 September 2012, Published under Cement NewsLafarge Pakistan Cement reported profit after tax of PKR498.916m (US$5.3m) in the first half of calandar year 2012 compared to losses of PKR17.539m in same period last year, boosted by a rise in domestic sales and cost optimisation. Net sales for the period stood at PKR4.784bn against PKR3.684bn in 2011. Its administrative and financial cost increased to PKR278.6m and PKR604.662m from PKR221.613m and PKR481.564m, respectively 1H11. Distribution costs also increased to PKR115.625m from PKR... |
S&P lowers West China Cement corporate rating, China04 September 2012, Published under Cement NewsStandard & Poor's Ratings Services lowered its long-term corporate credit rating on West China Cement Ltd. (WCC) to 'B+' from 'BB-'. The outlook is negative. The research house also lowered the issue rating on the China-based cement manufacturer's senior unsecured notes to 'B+' from 'BB-'. S&P said in a statement: “We lowered the rating to reflect our view of WCC's weakened liquidity position, given the company's low cash balance and high short-term debt. WCC's cash balance fell to CNY173m... |
East African import concerns03 September 2012, Published under Cement NewsThe 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 ... |
Iberian impairments push Cimpor into a loss31 August 2012, Published under Cement NewsCimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere. EBITDA was down by 15.3 per cent to €267.4m. The deterioration on the Iberian peninsula led to provisions of €270m being taken in respect of the Spanish assets and a further €20m against the downstream assets in Portugal, giving a total value adjustment charge of €407.2m compared with €117m. This led to a trading loss ... |
Tanga Cement profit rises 56 per cent, Tanzania31 August 2012, Published under Cement NewsTanzania-based Tanga Cement, part of the Holcim Group, has posted a 56 per cent YoY rise in net profit to TZS15bn (US$9.5m) due to increased exports and stable electricity supplies. Gross profit was also driven by a 14 per cent rise in domestic sales while exports increased 35 per cent YoY. Commenting on the results, acting Chairman, Prof Samuel Wangwe said: "With substantially reduced maintenance and electricity costs, gross profit for the period increased by 40 per cent to TZS30.25b... |
The US recovery is the one bright spot for Titan30 August 2012, Published under Cement NewsTitan’s first half turnover declined by 1.6 per cent to €547.9m and the EBITDA fell by 21.3 per cent to €112.1m, as the cement producer is caught amid a continued downturn it its domestic market of Greece and US operations prove to be its only bright spot. Titan’s trading profit fell 39.5 per cent to €50.5m, but the net financial charge dropped by 54.9 per cent to €20.5m, reducing the fall in the pre-tax profit to 21.8 per cent to €29.5m. The net attributable profit emerged 65.3 per cent l... |
Vietnam Jan-Aug production falls YoY29 August 2012, Published under Cement NewsVietnam is estimated to have produced 36.9Mt of cement in the first eight months of this year, a fall of 5.7 per cent from the same period of last year, according to the General Statistics Office (GSO). Cement output in August is likely to have increased by 14.29 per cent from July to 5.5Mt, the government office said in a report released on Monday. The GSO has revised down its cement output figures for the first seven months of 2012 to 31.4Mt from the previously-estimated 32Mt. Las... |
China Shanshui Cement first-half net profit falls 41 per cent28 August 2012, Published under Cement NewsChina Shanshui Cement has reported a net profit of CNY728m (US$114m) for the first half of 2012, representing a decline of 41 per cent YoY on the back of a slowing demand. In the period its operating revenue slid 5.8 per cent YoY to CNY7.38bn, with basic earnings per share of CNY0.26. Zhang Bin, Vice Chairman and General Manager of Shanshui Cement, said: “In the first half of 2012, affected by a contraction in China’s macro economy and slowdown in fixed asset investment, industry demand sl... |
Cemex focuses spotlight on Colombia28 August 2012, Published under Cement NewsEarlier this week Cemex announced that its Cemex España subsidiary, Cemex Latam Holdings, presented an application to the Superintendencia Financiera de Colombia to list its shares on the Colombian stock exchange and to offer a minority of Cemex Latam’s shares in a public offering to investors in Colombia and in a concurrent private placement, to eligible investors outside of Colombia. The offer includes all of Cemex's assets in Central and South America but excludes Mexico. The move comes a... |