Cement News tagged under: cement sales

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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...

Indonesian cement sales fall 9% in November

14 December 2016, Published under Cement News

The Indonesian cement market is seeing a steep fall in cement sales as the year draw to a close. Cement sales volume during January-November 2016 was almost stagnant with November sales down nine per cent when compared with the same period last year to 5.74Mt, according to the Indonesian Cement Association (ASI). Cement sales volumes during the 11M16 period increased only 0.3 per cent YoY to 56.5Mt. In 2015 sales expanded by 1.8 per cent driven by government spending at the end of the yea...

CRH revenues rise to US$22bn on stronger US construction activity

17 November 2016, Published under Cement News

In a trading update covering the first nine months of 2016, CRH announced that its sales revenues had reached EUR20.4bn (US$21.9bn) with improved performances in its European, Asian and American operations. On a pro forma basis, accounting for new revenues generated by acquisitions from LafargeHolcim, sales were six per cent higher in the year to September 2016 than they had been in the same period in 2015. The firm’s EBITDA improved by a greater margin – 14 per cent – reaching EUR2.4bn f...

Saudi Arabia: cement sales down 7%

14 November 2016, Published under Cement News

A recent report from Al Rajhi Capital Research stated that total cement sales in Saudi Arabia fell 6.8 per cent YoY to 47Mt in the first 10 months of 2016, from 50.2Mt in the same period last year. Clinker production also saw a decline, falling 1.7 per cent YoY. Total cement sector revenues declines 19 per cent YoY as a result of lower sales volume (which was down 10.5 per cent YoY) and a fall in the average realised price/t for most companies. Aggregate net income saw a significant decline ...

Indonesia: September figures weaker

11 October 2016, Published under Cement News

Due to a lower demand from the domestic housing industry, Indonesian cement sales for the month of September fell 3.3 per cent to 5.64Mt compared to September of 2015, according to the Indonesian Cement Association (ASI). Cement sales fell in Java, Sumatra and Kalimantan, while eastern parts of the country including Sulawesi, Maluku and Papua saw growth, reports Widodo Santoso, ASI chairman. Java sales amounted to 3.11Mt for the month, a drop of five per cent YoY, Sumatra saw a decline of...

Vietnam: 9M16 cement sales reach 55.25Mt

05 October 2016, Published under Cement News

According to the Ministry of Construction, Vietnam's cement sales reached 55.25Mt for the period January-September 2016. No YoY comparative figures were given. Of the total, 43.55Mt were sold domestically, a 7.7 per cent increase on the previous year, and 11.7Mt of cement and clinker were exported, representing a -1.3 per cent YoY change. In the month of September Vietnamese companies sold 5.25Mt of cement in the domestic market and exported 1.3Mt of cement and clinker, the ministry added...

Saudi Arabia: sales drop 10%

03 October 2016, Published under Cement News

According to a report quoting Yamama Cement data, total cement sales in Saudi Arabia stood at 4.34Mt for the month of August, registering a 10.3 per cent decrease YoY. However, the figure was up 41 per cent on the previous month. Total inventory reached a high of 26.35Mt, representing 45 per cent of the last 12 month's sales. Inventory grew 11.7 per cent YoY and five per cent on the previous month, according to an Al Rajhi Capital report. For the month of August, cement production in t...

Saudi Arabia cement companies see sales and production fall 10%

20 September 2016, Published under Cement News

Sales of cement by Saudi Arabian companies declined by 9.93 per cent YoY in August, while production dropped by 10.4 per cent, Mubasher reports. Output for August was 4.3Mt, while deliveries were 4.4Mt. The fall in sales was unevenly distributed, with some companies – notably Riyadh Cement and City Cement – seeing double-digit increases. Of the bigger players, Saudi Cement escaped the worst, with its sales falling by 1.5 per cent, while Yanbu fared particularly poorly, with sales dropping...

Uganda: Hima Cement signs supply deal with Guangzhou Dongsong

19 September 2016, Published under Cement News

Uganda's Hima Cement and Guangzhou Dongsong Energy Group have signed a memorandum of understanding for the supply of over 40,000t of cement for the construction of the latter firm’s phosphate and steel projects, Kampala’s Observer newspaper reports. Daniel Pettersson, chief executive officer of Hima Cement, said: "The purpose of this MoU is to establish the relationship between Hima and Guangzhou Dongsong. This cooperation of both parties shall cover the project of construction of the pho...

Zimbabwe: SZCC considers cutting shifts as downturn hits sales

09 September 2016, Published under Cement News

The Sino Zimbabwe Cement Company (SZCC), which operates an integrated plant in Gweru in central Zimbabwe, has said that it is considering reducing the number of shifts at the facility from three to just one in the face of declining sales. Zimbabwe’s economy has suffered from a prolonged drought, while manufacturers have also had to contend with smuggled cement from South Africa. Speaking to the Business Chronicle, SZCC managing director, Wang Yong, said: “We have a significant decrease...