Cement News tagged under: Weekly Newsletter
Pakistan export earnings rise in first two months27 September 2013, Published under Cement NewsPakistan cement exporters have had a good start to the current fiscal, with volumes and earnings up on an annual basis. During July and August 2013, Pakistan exported 1.62Mt of cement on revenues of US$96.79m compared to 1.4446Mt at US$91.55m, representing a rise of 12.03 and 5.72 per cent in volumes and US dollar value, respectively. In terms of the Pakistan rupee, the export value rose 13.79 per cent to PKR9.83bn during the two-month period. However, the average export price was dow... |
Asia Cement sees slower 2014 revenue growth27 September 2013, Published under Cement NewsAsia Cement, the Thai-based subsidiary of Italcementi, expects slower revenue growth next year due to a weaker economy and domestic demand. While this year's revenue is estimated to rise 17.6 per cent to THB10bn, next year revenue growth is expected to slow to four per cent, according to Asia Cement's co-managing director Nopadol Ramyarupa. "The economic slowdown and revised GDP figure have affected our projection," said Mr Nopadol told the Bangkok Post. Thailand's economy fell into r... |
Jaiprakash shortlists new round of divestments26 September 2013, Published under Cement NewsHot on the heels of selling its Gujarat cement facilities to UltraTech earlier this month, Jaiprakash Associates has initiated talks to sell two units in the Indian state of Himachal Pradesh to further trim its debt. According to local press reports who have cited multiple sources familiar with the deal, Jaiprakash is in talks with potential buyers to sell a 2Mta integrated works and a 2Mta grinding unit, both in the Solan district. Preliminary discussions have begun with a few global a... |
August cement demand falls 23% in Spain24 September 2013, Published under Cement NewsCement consumption in Spain continues its freefall with the figure for August down more than 23 per cent to 886,005t. Production fell by 7.7 per cent from 1,308,090t to 1,207,891t in August, according to the latest figures by the country’s cement association, Oficemen. Between January-August, a similar decline has taken place with cumulative consumption at 7,400,946t, over 2Mt less than the equivalent period of 2012. Spanish cement producers have lowered their output by a fifth from over ... |
MPA calls for government to sustain UK industry24 September 2013, Published under Cement NewsThe Mineral Products Association (MPA) of the UK yesterday launched a landmark document for the UK cement industry. The new publication launched on Monday sets out to explain the importance of cement and concrete to the UK economy and society and is entitled ‘Cementing the Future – Sustaining an Essential British Industry’. It further draws attention to the vulnerability of the industry to overseas competition unless the government acts to create a level playing field in terms of the cost of... |
Saudi: strong growth expected to continue23 September 2013, Published under Cement NewsCement sales in Saudi Arabia are expected to rise by 8.2 per cent this year and rise at a CAGR of 6.3 per cent, a recent report by NCB Capital forecasts. However, concerns are raised on capacity constraints and pressures on margins as local producers import clinker to meet booming demand. “We continue to expect a strong demand outlook for cement in Saudi Arabia in the coming few years. This is mainly due to the ongoing and new mega projects announced by the government, coupled with an in... |
Semen Indonesia to launch new packing plant20 September 2013, Published under Cement NewsA new packaging terminal being built by Semen Indonesia in Banjarmasin, South Kalimantan, will be ready in the next quarter and forms part of a strategy to position the company closer to end-markets and reduce logistical costs. Around 80 per cent of the plant’s construction had been completed by August and the new plant is expected to be opened in the fourth quarter of 2013, according to company president director Dwi Soetjipto. The new US$10.4m facility will have a 600,00t silo and i... |
Lucky Cement full-year profit rises 47%18 September 2013, Published under Cement NewsPakistan-based producer Lucky Cement reported a 47 per cent increase in full-year profit and is optimistic on the outlook for domestic consumption but cautions that challenges remain. Net income rose to a record PKR10bn (US$95m) in the 12 months ended 30 June from PKR6.78bn a year earlier. Gross sales rose 63 per cent to PKR63.9bn. The rise in profit is being attributed to an 11 per cent increase in cement prices which climbed to PKR458/50kg bag. “The consumption of cement in the co... |
Vicem eight-month sales rise 9.5%18 September 2013, Published under Cement NewsVietnam Cement Industry Corp (Vicem), domestic market leader, said cement and clinker sales rose by 9.5 per cent YoY to 14.38Mt. Domestic sales accounted for 13.64Mt of the total while 742,000t was exported. The group produced 10.89Mt of clinker and 11.13Mt of cement, up 12.5 and 11.8 per cent YoY, respectively. However, in August 2013 alone, sales fell 9.47 per cent to 1.76Mt from the previous month but were up 5.1 per cent YoY. Domestic shipments accounted for 1.62Mt, down 5.7 per c... |
British Columbia industry reaching milestone18 September 2013, Published under Cement NewsJust two years after its launch in Canada, a new cement type that results in 10 per cent lower CO2 emissions is rapidly becoming the preferred standard for the majority of new concrete construction projects in British Columbia, according to the Cement Association of Canada. The BC cement industry reports that Contempra now accounts for nearly 50 per cent of the domestic cement consumed in the province. This rate will accelerate as more and more developers and builders specify the carbon-r... |