Cement News tagged under: Weekly Newsletter
India: LafargeHolcim merger could harm competition25 November 2014, Published under Cement NewsThe merger between Holcim (Switzerland) and Lafarge (France) is likely to hurt competition in the country, says the Indian Competition Commission (CCI), according to reports in the Indian media. The CCI stated that it ''formed a prima facie opinion that the combination is likely to have an appreciable adverse effect on competition.'' The regulator has now directed both companies to publish details of the merger to the knowledge of the public and rival companies that may be affected or... |
Myanmar: Siam Cement starts work on new plant24 November 2014, Published under Cement NewsThailand's largest cement producer, Siam Cement Group (SCG), has begun work on its greenfield Mawlamyine plant, in Mon State, Myanmar. The new 1.8Mta facility is scheduled to start production in 2Q16. SCG has finished work on an access road and is building a 40MW plant to power the factory. The site for the plant is also being prepared for work. Myanmar country director for SCG Cement-Building Materials, Chana Poomee, said SCG’s sales in the country will reach 2Mta by this year. Currently,... |
PPC full-year cement sales rise 2%20 November 2014, Published under Cement NewsSouth Africa's largest cement producer, PPC, reported a two per cent rise in cement sales for the full year to the end of September 2014, as growth in some of its sub-Saharan markets was offset by challenging operating conditions at home. Group revenue increased by nine per cent to ZAR9.04bn (US$818m), mainly attributable to the consolidation of Safika Cement and Pronto Readymix as well as the full-year impact of Cimerwa. On a like-for-like basis, revenue would have been three per c... |
Peru: exports offset domestic sales slip20 November 2014, Published under Cement NewsPeru’s cement market remained stable in October as domestic sales slipped slightly from 967,000t in October 2013 to 965,000t, according to Asocem, the country’s cement association. However, local producers saw a more marked YoY fall in output from 944,000t to 983,000t. The modest loss in domestic cement sales was successfully compensated for by a 50 per cent YoY rise in cement exports as cement manufacturers delivered 30,000t across the country’s borders. In addition, they also saw clinke... |
Lafarge Malaysia's 3Q14 pretax down 54.2%19 November 2014, Published under Cement NewsLafarge Malaysia reported a 54.2 per cent drop in third-quarter pretax profit on lower revenue and higher operating cost arising from the increase in electricity and fuel prices. Pretax profit for the three months to the end of September 2014 plunged to MYR73.9m (US$21.98m) from MYR161.41m a year earlier, the country's largest producer said in a statement released yesterday. Revenues over the three month period fell to MYR664.63m from MYR728.01m in 3Q13. The decline in sales mainly att... |
US nine-month shipments preliminary data18 November 2014, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico for the first nine months of the year reached 66.292Mt, preliminary data released by the US Geological Survey (USGS) yesterday shows. Of the total figure, domestic shipments accounted for 60.916Mt and imports for 5.376Mt. In September alone, shipments amounted to 9.006Mt, including 8.235Mt of domestic shipments and 770,802t of imports. Domestic clinker production totalled 54.615Mt in the first nine months of the year,... |
Vietnam cement sales exceed 40Mt18 November 2014, Published under Cement NewsVietnam cement companies sold 41.54Mt of cement in the domestic market in the first 10 months of this year, including 4.27Mt in October, the country’s Ministry of Construction (MoC) said. The 10-month figure accounted for 85.6 per cent of the year’s target, the ministry said on its website, giving no YoY comparative figures. Clinker and cement exports were estimated at 11.68Mt over the Jan-Oct 2014 period, including 2.81Mt of cement. The country’s cement sales are predicted to rise... |
Spain’s monthly demand advances 5% YoY18 November 2014, Published under Cement NewsCement consumption in Spain increased by five per cent to 1,037,219t in October when compared with the same period last year, latest data from domestic association Oficemen shows. Despite the industry’s recovery still being far off, October’s advance is the second consecutive monthly rise following September’s 6.1 per cent YoY increase. In the first 10 months of 2014, cement demand slipped 0.5 per cent YoY to 9,116,872t. Figures for the rolling year show a 2.2 per cent fall. |
Titan suffers in Egypt, but improves elsewhere14 November 2014, Published under Cement NewsTitan’s turnover improved by 3.3 per cent to EUR879.7m in the first nine months of 2013, but EBITDA edged ahead by just 0.1 per cent to EUR146.7m. In the third quarter the EBITDA did decline by one per cent. The trading profit for the nine months was 0.7 per cent lower at EUR57.9m and, after a 6.9 per cent reduction in net financial charges and a positive contribution from associates of EUR3.6m, there was a pre-tax profit of EUR47.4m profit compared with a EUR1.1m loss. There was a net at... |
CRH's nine-month results show growth11 November 2014, Published under Cement NewsIn its autumn trading statement, CRH said that turnover improved by three per cent in Europe and by five per cent in the Americas, or four per cent overall. EBITDA should be ahead by around 10 per cent on both sides of the Atlantic, having seen a 27 per cent rise during the first half (+61 per cent in Europe and broadly unchanged in the Americas). Depreciation and amortisation charges are expected to be around five per cent lower than in 2013 and the net interest charge is forecast to be... |