Cement News tagged under: cement demand
Lafarge Malaysia records 3Q18 net loss of MYR109m21 November 2018, Published under Cement NewsLafarge Malaysia recorded a net loss in 3Q18 of MYR109.28m (US$26m) down 160 per cent from MYR42.01m in 3Q17. Revenue fell by 14 per cent YoY to MYR495.1m in 3Q18. The decline in earnings was down to lower cement sale and higher operating expenditure. Higher energy prices, as well as the lower production output and timing of the scheduled plant maintenance put pressure on costs. "The decrease was due to the soft market demand and continuing domestic pricing pressures," said Lafarge Malay... |
APCMA shares mixed figures for 4MFY1908 November 2018, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) while reviewing dispatches, profit and progress of cement industry between July and October 2018 shared mixed figures. APCMA's spokesman said that cement industry's profitability has declined considerably due to an increase in input costs, while the construction sector is not posting the anticipated demand. According to APCMA, local dispatches during first four months of this fiscal July-October 2018 shrank by four per cent to 1... |
Central Bank of Pakistan reviews progress of cement industry in FY1819 October 2018, Published under Cement NewsThe State Bank of Pakistan has released its annual report on Pakistan's economy for the fiscal year 2017-18. According to the report, the growth momentum gained further strength as the economy achieved its 13-year highest real GDP growth of 5.8 per cent in FY18. The GDP growth was also broad-based, as all the three sectors – agriculture, industry (including cement) and services – contributed positively to this acceleration, the report highlights. The cement industry, with more than one-fi... |
Indonesia exports reach 3.62Mt between Jan-Aug 201825 September 2018, Published under Cement NewsIndonesia's cement and clinker exports have reached 3.62Mt in the January-August 2018 period an increase of 95.8 per cent YoY, reports Indonesian Investments. According to the Indonesian Cement Association (ASI), cement and clinker exports are now forecast to reach 5Mt by the end of 2018, which is massively up on the original target of 3Mt. In the month of August cement and clinker exports rose by 31.1 per cent YoY to 541,143t, said ASI. Agung Wiharto, corporate secretary of PT Semen Indon... |
Republic Cement Service's president forecasts 8% cement growth24 September 2018, Published under Cement NewsNabil Francis, president of Republic Cement Services Inc, believes that the cement industry in the Philippines can achieve a growth in cement demand of eight per cent this year. The main reason for the increased demand is coming from infrastructure projects, which are expected to grow at 13 per cent. "We are starting to feel the effect of the 'Build, Build, Build programme'...we are starting to feel the pulse of the market beating," said Nabil Francis. Currently, the residential segment ... |
Large housing scheme to raise Pakistan's cement demand04 September 2018, Published under Cement NewsPakistan's Prime Minister, Imran Khan, has chaired a meeting on construction of the '05 Million Housing programme' for of low-cost/affordable housing. The meeting was attended by Yaqoob Izahar, Najeeb Haroon, Arshad Dad, Secretary Housing & Works Dr Imran Zeb Khan, Secretary Law M Justice (R) Abdul Shakoor Paracha and other senior officers. The Prime Minister said that construction of low-cost and affordable '05 Million Houses' is the foremost priority of the government which would not onl... |
Cemex is working 24/7 to meet Philippine cement demand30 July 2018, Published under Cement NewsCemex president and CEO, Ignacio "Nacho" Mijares, says Cemex's cement plants in plants in Antipolo and Cebu are having to work 24/7, in maximum capacity, to meet the market demand in the Philippines. The government’s PHP8trn (US$150.3bn) infrastructure programme is sending cement demand upward. "We recently were able to 'debottleneck' our dispatch which allows us to increase to half a million tons, the amount we can provide to the market. Going forward we will continue looking for the deb... |
Mindanao region poised for higher cement demand12 July 2018, Published under Cement NewsCurrently in the Philippines, there are about 60 nationwide infrastructure development projects related to Build, Build, Build scheme and about 14 of these are in Mindanao. Most of those in Mindanao are still in the feasibility study stages and may start construction by next year. Mindanao Development Authority (Minda) Assistant Secretary, Romeo Montenegro, said as there are no apparent shortages yet, there is also a continuing rise in the demand for cement and steel. They have yet ... |
Tighter margins forecast for Malaysian cement producers in 2H1804 July 2018, Published under Cement NewsMalaysia cement players are receiving warnings from financial analysts that margins are expected to come under more pressure in the coming months, while a contraction of cement demand is forecast for the second half of the year. According to CIMB Research, this is a potential negative for the earnings outlook of cement companies in the second half of the year. "This makes it unlikely for any cement company to initiate a price hike to cover rising operating costs. "For cement players, margi... |
New Bangladesh budget offers big projects for cement industry08 June 2018, Published under Cement NewsAMA Muhith, Bangladesh Finance Minister, has presented the government budget for 2018-19 in Parliament announcing a long list of mega projects for the construction of hospitals, school, colleges and other infrastructures that would create huge demand for cement in country. The finance minister said: "The country is targeting 7.8 per cent GDP growth in the new fiscal year against target of 7.4 per cent for fiscal 2017-18." Mr Muhith also announced provision of loans to the public for ... |