Cement News tagged under: cement sales

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Oman Cement annual profit up 10% as production rises

22 February 2017, Published under Cement News

Oman Cement has announced that its profits rose by 10 per cent in 2016, to OMR12.87m (US$33.4m). In an earnings statement to the Muscat Securities Market, Oman Cement said that sales revenues rose by 8.5 per cent, but better control of costs produced a greater rise in profitability. The company sold 2.3Mt of cement in 2016, a 10.7 per cent increase on the previous year, which given the slower pace of revenue growth implies lower prices. Profits were also affected by the longer than ...

India: Prism results point to mild demonetisation impact

16 February 2017, Published under Cement News

Prism Cement has released its trading statement for the three months to December 2016, revealing that cement sales volumes have only been slightly harmed by the impact of demonetisation. The firm sold 1.20Mt of cement between September and December, compared with 1.22Mt in the same period the previous year. Revenues for Prism’s cement were even less affected, declining by just 0.8 per cent as the firm successfully reduced costs, particularly for logistics and power. In a forward-lookin...

Saudi Arabian cement sales down 16% in January

15 February 2017, Published under Cement News

Domestic cement deliveries in Saudi Arabia in January 2017 were 15.9 per cent lower than in the same month the previous year, according to statistics released by Yamama Cement. At 4.78Mt, cement sales in the country were significantly below the January 2016 figure of 5.68Mt. Meanwhile, Saudi producers continue to amass clinker stocks, adding another 0.4Mt to their reserves in January. Clinker stocks now amount to 28.5Mt – enough to supply more than six months of Saudi cement demand at ...

Pakistan: capacity utilisation tops 90% in December 2016

02 February 2017, Published under Cement News

According to figures released by the All Pakistan Cement Manufacturers Association (APCMA), cement sales in December 2016 reached 3.56Mt, with capacity utilisation running at 90.9 per cent, the Nation newspaper reports. The first six months of Pakistan’s 2017 fiscal year, which began in June 2016, has seen local cement consumption rise by 11.1 per cent on the same period in 2015. Declining export sales have been more than matched by rising local demand, with the result that total shipm...

Lucky Cement sees half-year profits rise 12.5% to US$67m

27 January 2017, Published under Cement News

Lucky Cement has announced that its profits rose by 12.5 per cent YoY in the last six months of 2016 to PKR7bn (US$67m). In a statement to the Pakistan Stock Exchange, Lucky revealed that it had sold 3.5Mt of cement and 235,000t of clinker during the first six months of FY17. Cement sales improved over the previous year by 5.4 per cent, while no clinker sales at all took place in the corresponding period in FY16. Cement production also rose to 3.5Mt, up six per cent on FY16, while clin...

PT Indocement

25 January 2017, Published under Cement News

Total cement sales in Indonesia, including PT Indocement, fell by 5.4 per cent MoM to 5.7Mt in November 2016. This represents an annual decline of 5.3 per cent. Sales for the first 11 months of the year, however, were up 2.8 per cent compared to the same period in 2015, driven by government-led infrastructure development. The housing market, meanwhile, remained flat and high rainfall has delayed a number of projects. Cement consumption by region showed an 18.2 per cent decline in sales in...

India: Sagar Cements sees sales dip in December

06 January 2017, Published under Cement News

In a trading statement released this week, Sagar Cement has reported a slight decline in cement sales for December compared with a year earlier. Consolidated results – which include the firm’s BMM subsidiary – show cement sales dropping by 0.4 per cent to 154,196t. Sales at Sagar’s core business dropped more appreciably, being down 4.6 per cent at 100,054t. For the nine months from April to December, consolidated sales rose by 17.9 per cent to 1.56Mt, while standalone sales fell by 10....

Pakistan: cement dispatches up but exports decline

06 January 2017, Published under Cement News

During the first six months of current FY16-17, Pakistan's cement industry recorded a growth of 11.07 per cent in local dispatches, while exports declined 3.53 per cent compared during the same period of last year, respectively. The overall situation during July to December 2016 saw 8.65 per cent growth compared to the same period of last fiscal year, according to data released by All Pakistan Cement Manufacturers Association (APCMA). Sayeed Tariq Saigol, APCMA chairman, said that domest...

Costa Rica: Cemex supplying road link upgrade project

06 January 2017, Published under Cement News

Cemex Latam Holdings, subsidiary of Cemex, has supplied cement to a 50km road upgrade project of the Inter-American Highway in Costa Rica. The highway was widened to four lanes, with two in either direction. Some 200,000t of high-strength cement was supplied by Cemex to produce the concrete. The road surface now features a 250mm-thick layer of concrete, which was considered more suitable for the conditions than asphalt. The new dual carriageway connects the towns of Canas and Liberia and ...

Nigeria: BUA Group to offer incentives to cement distributors

03 January 2017, Published under Cement News

BUA Group, the conglomerate which owns the Cement Company of Northern Nigeria, is to offer incentives of NGN100m (US$0.3m) to cement distributors who exceed their sales targets, the Nation reports. “We have embarked on an expansion drive and this will be completed in 2018. Cement business is a very challenging one, because it is a capital intensive business; but I want to assure you that our expansion project will be completed by the end of next year or at the beginning of 2018”, said Alh...