Cement News tagged under: Weekly Newsletter
Siam City sees weaker domestic demand07 August 2017, Published under Cement NewsSiam City Cement Co recorded an 80 per cent decline in second-quarter net profit with the fall being attributed to rising costs and weaker demand in its home market of Thailand. Revenue during the 2Q17 rose by 39 per cent to THB10.8bn (US$324.4m) compared to the same period of last year but net profit fell to THB246m from THB1.2bn a year earlier. For the first half of the year, total revenue was up by 34 per cent to THB21.4bn. President and chief executive of SCC Siva Mahasandana said the ... |
Martin Marietta modest first half growth03 August 2017, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first half turnover 8.4 per cent ahead at US$1788m while the EBITDA was ahead by five per cent to US$440m. The trading profit improved by 4.7 per cent to US$290m and after a net interest charge that was 11.4 per cent higher at US$44.9m and other items, the pre-tax profit advanced by 4.5 per cent to US$251m and after a lower tax charge, the net attributable profit advanced by 10.5 per cent to US$184.6m... |
MPA: 2Q demand for mineral products declines03 August 2017, Published under Cement NewsConstruction market demand for mineral products was lower in 2Q17 compared with the previous quarter, providing evidence of a more general slowdown in construction activity in recent months, according to the latest data and commentary from the Mineral Products Association. After three quarters of generally positive activity across MPA markets post the EU Referendum, demand for construction mineral products declined in 2Q17 compared to both the previous quarter and 2Q16. Sales of aggregates ... |
PCA expects airports market to help drive demand02 August 2017, Published under Cement NewsIncreased demand for US air travel is expected to help drive increased cement consumption over the next 25 years, according to the Portland Cement Association (PCA). Population spikes, overall economic growth and airport expansion are among the factors driving the demand for more air travel, a recently released report from PCA shows. “With more people traveling by air, you will need more capacity at airports – that means more cement is needed for concrete used in runways, terminals and ot... |
Lucky Cement FY17 profit rises 5.78%01 August 2017, Published under Cement NewsLucky Cement has reported a 5.78 per cent YoY increase in full-year profit of PKR13.69bn (US$129.8m) versus PKR12.94bn in FY16, the company informed the Pakistan Stock Exchange. Gross sales increased to PKR61.6bn during FY17 from PKR 55.92bn in the previous year. The company said it incurred distribution costs of PKR1.703bn and administrative expenses of PKR1.021bn versus PKR2.01bn and PKR1.10bn incurred, respectively in FY16. Sales volumes rose by 3.1 per cent YoY to 7.15Mt. While its... |
Dangote Cement's 1H17 revenues rise by 41%31 July 2017, Published under Cement NewsDangote Cement has released its 1H17 results, announcing group revenues of NGN412.7bn (US$1.31bn), up 41.2 per cent, and an EBITDA of NGN203.7bn, up 53.7 per cent. In Nigeria total cement demand reached 10.2Mt in January-June 2017, according to Dangote estimates. This represents a 23.2 per cent contraction when compared with 1H16, when demand was estimated at 13.3Mt. Of total market sales in the 1H17, just 0.1Mt was imported. As a result of the fall in domestic cement consumption, Dang... |
Cemex Philippines reports drop in net income31 July 2017, Published under Cement NewsCemex Philippines saw its net income fall by 69 per cent in the 2Q17 to PHP136.5m (US$270m) from PHP436.1 in the same period of 2016 as demand softened and cement prices eased. In a disclosure to the stock exchange, the company reported a 12 per cent decline in sales to PHP5.6bn, while cost of sales fell three per cent to PHP3.3bn. Gross profit was down 22 per cent to PHP2.3bn. Sales volume declined three per cent in the second quarter from a year ago, while prices also fell by nine ... |
Colombia sees grey cement sales slip31 July 2017, Published under Cement NewsColombia’s cement sales slipped 1.3 per cent YoY to 0.984Mt in June 2017 when compared with the previous year, according to the country’s statistics office, DANE. Ready-mix company offtake fell by 9.3 per cent and could not be offset by sales in the prefabricated segment, where sales increased 24.1 per cent and the building companies and contractors, which increased purchases by 1.9 per cent. Cement output in the country reached 1.003Mt, 0.9 per cent lower than in 6M16. |
Cemex improves net profit strongly27 July 2017, Published under Cement NewsCemex reported a strong improvement in net profit for the six months to the end of June 2017, but cement volumes eased over the period. First-half turnover was down by 0.2 per cent to US$,703.9m, while EBITDA declined by 6.4 per cent to US$1248.1m.The trading profit, however, improved by 14.2 per cent to US$959.5m while net interest payments increased by three per cent to US$537.5m and the pretax profit improved by 29 per cent to US$451.6m. The net attributable profit rose from US$241.2m ... |
Peru's cement demand edges up in June26 July 2017, Published under Cement NewsPeru’s cement producers dispatched 777,000t of cement in June 2017, representing a 2.2 per cent increase YoY, according to the latest data from Asocem, the country’s cement association. In June 2016, the domestic market required 756,000t. Total dispatches, which include exports, advanced 2.7 per cent YoY from 781,000t to 802,000t in June 2017. Output rose 2.2 per cent from 792,000t in June 2016 to 809,000t one year later. In terms of the rolling year, domestic cement deliveries reache... |