Cement News tagged under: Volumes
Bolivian first-half sales rise 10.62 per cent09 August 2012, Published under Cement NewsIn the first half of this year, Bolivian sales increased by 10.62 per cent compared to the same period of 2011 and manufacturers expect demand will continue to rise. According to the Bolivian Institute of Cement and Concrete (IBCH), in the first six months of 2012 1,271,069t of domestic cement were sold and 52,382t imported, totaling 1.3Mt. In the same period in 2011, 1,196,312t of domestic and imported were sold, which means an increase of 10.62%. Cement consumptionin the department... |
USA May shipments rise 15.9 per cent09 August 2012, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for May 2012 were 7.5Mt – 15.9 per cent higher than shipments in May 2011. Shipments for the year through May were 29.4Mt, up by about 18 per cent. The leading producing States in May were Texas, Missouri, California, Michigan, and Florida, in descending order, and accounted for 42 per cent of total output. The leading consuming states (Texas, California, Florida, Ohio, and Illinois, in descending order) r... |
TCL doubles losses, Trinidad09 August 2012, Published under Cement NewsTrinidad Cement Ltd (TCL) has doubled its posted a post-tax loss for the first six months of 2012 compared to the same period of last year. TCL’s loss in the period from January 1 to June 30 amounted to TTD169m, compared with the TTD78.2m loss the company reported for the first six months of 2011. For the first six months of 2012, TCL’s group revenue totalled TTD789m, which was 3.7 per cent more than the revenues reported in 2011, mainly “due to higher pricing as domestic and export... |
Vicat first-half 2012 turnover eases08 August 2012, Published under Cement NewsFrance-based Vicat's first half performance improved strongly in Asia but results have mainly deteriorated elsewhere. Turnover for the six months to June 2012 eased by 1.5 per cent to €1128.8m, which represents a 2.4 per cent reduction on a comparative basis. EBITDA declined by 20.8 per cent to €200.6m as the margin narrowed from 22.1 per cent to 17.8 per cent. The trading profit fell by 36.6 per cent to €104.5m. After a net interest charge 1.4 per cent higher at €19m, the pre-tax profit ca... |
Union Cement Company reverses loss, UAE08 August 2012, Published under Cement NewsUnion Cement Company, reported a rise in its net profit for the first six months of 2012 of US$5.6m, reversing the US$2.4m loss reported in 2011. The advance is attributed to higher selling prices of cement and clinker this year which more than compensated for a decline in sales to US$88.3m. The company said that margins had improved as a result of management attempts to reduce overheads both through trimming procurement costs and optimising production capacity. Cost of sales fell t... |
Caribbean Cement outlook cautious08 August 2012, Published under Cement NewsCaribbean Cement has cut losses by some 40 per cent to J$578.1m (US$6.5m) for the second quarter of the year and has outlined plans of a new supply contract but remains cautious on its outlook. "The directors consider that the outlook will remain challenging, despite some recent positive indicators of growth in the domestic market for cement and plans for expansion into more lucrative export markets," said Brian Young, chairman, and Dr Rollin Bertrand, group chief executive officer in a j... |
Pakistan July dispatches decline07 August 2012, Published under Cement NewsPakistan dispatches in the first month of the current fiscal saw a decline of 1.64 per cent compared to July 2011, according to data from the All Pakistan Cement Manufacturers Association (APCMA). Domestic dispatches were down by 1.47 per cent in July 2011 to 2.05Mt compared to 2.02Mt in 2011. However, the decline in exports was steeper at 9.23 per cent to 755,010t from 831,785t in July 2011. Exports to Afghanistan dropped by 10.37 per cent to 455,897t while exports to India were down ... |
Bangladesh industry consolidation gathers pace07 August 2012, Published under Cement NewsCement sector consolidation in the Bangladesh industry is set to gather pace as more than 70 smaller cement factories have folded operations in the past 12 years having lost ground to larger players. According to a report in the Financial Express (Bangladesh) more are on the verge of shutdown as tight bank loans for smaller factories and massive investments by local and global players have accelerated the closure of units with capacity below 6000t. "It's like a story of big fish gobbli... |
Buzzi Unicem improves profit at lower volumes06 August 2012, Published under Cement NewsBuzzi Unicem’s first half turnover edged ahead by 0.9 per cent to €1,350.9m, but the EBITDA recovered by 7.7 per cent to €197.2m. For the full year Buzzi Unicem is maintaining its overall forecast of broadly unchanged numbers overall, but the expected geographical mix has changed. The first half trading profit increased by 34.4 per cent to €84.0m and the interest charge jumped by 35.3 per cent to €62.2m, giving a pre-tax profit still 36.3 per cent higher at €22m. After a tax charge 8.3 pe... |
Siam City Cement 2Q net profit falls, Thailand06 August 2012, Published under Cement NewsSiam City Cement Plc (SCCC), Thailand's second-largest cement producer, reported a 30.5 per cent drop in 2Q net profit although sales increased by more than 12 per cent as operating margins were hurt by lower cement prices and higher energy costs. In a filing to the Stock Exchange of Thailand on 2 August, SCCC said its net profit totalled THB809m in the quarter to June compared to THB1.056bn a year before. Net sales, meanwhile, rose 12.2 per cent to THB6.49bn as domestic cement consumption... |