Cement News tagged under: consumption

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Vietnam: cement sales decline

22 August 2012, Published under Cement News

Total domestic cement consumption during the first seven months of this year was 27.6Mt, down by three per cent against the same time last year and 50 per cent of the yearly target, according to the Vietnamese Ministry of Construction. In July alone, only 4.14Mt of cement were sold, 300,000t lower than the previous month. The downturn has been blamed on the gloomy real-estate market. To better deal with cement stockpiles, cement producers have pushed exports. A total of 4.5Mt of clinker an...

The Philippines: 1H12 cement sales up 20%

21 August 2012, Published under Cement News

Philippine cement sales from January to June this year reached 9.54Mt, up by about 20 per cent YoY, according to data from the Cement Manufacturers’ Association of the Philippines (Cemap). Cemap president Ernesto Ordoñez attributed the sales increase to higher infrastructure spending, which was a combination of new infrastructure projects for 2012 and the pent-up demand from last year. The government deferred last year the implementation of various projects for review. This resulted in t...

Peru dispatches rise 16.5%

17 August 2012, Published under Cement News

Shipments of cement in the Peruvian market totaled 5.2Mt between January and July 2012, a 16.53 per cent increase over the figure recorded in the same period in 2011 (4.48Mt), reported the Association of Cement Producers (Asocem). During the same period production was 5.3Mt, representing an increase of 15.55 per cent over the same period of 2011, when it totaled 4.6Mt. Exports reached 76,058t of cement, reporting an increase of 175.99 per cent over the same period in 2011, when they we...

West China Cement net profit drops 65%, China

16 August 2012, Published under Cement News

West China Cement has reported a 65 per cent drop in first-half profit as selling prices declined and production costs increased. Net income dropped to CNY138.5m (US$23m) from CNY419m a year earlier, the cement producer said in a filing to the Hong Kong Stock Exchange yesterday. Sales were down 7.1 per cent to CNY1.59bn. The Shaanxi cement market will gradually recover this year, with pricing power maintained and possibly improved, the company said in a statement. Earlier this week, ...

Lucky Cement domestic sales boost full-year profit, Pakistan

16 August 2012, Published under Cement News

Lucky Cement reported a 71 per cent rise in full year net profit as domestic sales offset a decline in exports. Net income was PKR6.78bn (US$71.8m) in the 12 months ended 30 June with a PKR3.97bn (US$623.5m) a year earlier, the Karachi-based company said in a filing to the stock exchange. Revenue rose 23 per cent to PKR39.1bn while sales were three per cent higher at 5.97Mt. Domestic sales rose seven per cent while exports were down 4.7 per cent to 2.25Mt, the company said. A total ...

ACC sees Indian demand rising 10 per cent YoY, India

16 August 2012, Published under Cement News

Indian cement major ACC has said cement demand may grow at a healthy rate of 10 per cent in 2012 but subdued capacity utilisation and higher raw material costs will keep prices under pressure. "The demand for cement is expected to grow at 10 per cent over 2011. A lower utilisation rate coupled with increase in cost of raw materials and increasing logistics costs are likely to keep overall prices under pressure in all regions," it said in its annual report. "Pressure on costs will continu...

CRH advances strongly in the Ukraine

15 August 2012, Published under Cement News

CRH’s first half turnover improved by 5.2 per cent to €8,588m, but the EBITDA came off by 1.1 per cent to €568m. The better weather conditions in North America were offset by a worse experience in Europe. The trading profit was stable at €184m, while the pre-tax profit improved by 23.2 per cent to €117m, helped by gains on disposal, and the net attributable profit advanced by 36.8 per cent to €104m. Net debt at the end of June was 0.7 per cent lower at €3915m, to give gearing of 37.5 per ce...

Anhui Conch Cement reports 51% plunge in 1H profit

15 August 2012, Published under Cement News

Anhui Conch Cement announced yesterday that its net profit in the first half fell 51.33% YoY to CNY2.92bn (US$462m) under Chinese accounting rules, due to sharp declines in cement prices amid weak demand. Earnings per share were CNY0.55 during the period, down 51.33 per cent YoY, said the company in its interim report. Operating revenue dropped 8.22 per cent YoY to CNY20.3bn in the first half. The company's gross profit margin declined 15.70 percentage points to 27.09 per cent in the p...

Argentina July shipments edge ahead YoY

14 August 2012, Published under Cement News

Argentina cement plants shipped 912,106t in July 2012 - including exports - a rise of 0.7 per cent from June but down two per cent from the same period a year ago. According to provisional data of the Association of Portland Cement Manufacturers (AFCP), dispatches destined for domestic consumption totaled 904,169t, 1.8 per cent more than in June but 0.8 per cent below the July 2011 placement. After a fall of 18 per cent between March and April, sales surged 11.3 per cent in May and 1.9...

July sales rise six per cent YoY, Brazil

14 August 2012, Published under Cement News

The latest preliminary data and market estimates from the Brazilian cement market show that domestic cement consumption in July 2012 reached 5.8Mt, up six per cent on the same month of the previous year. On a month-on-month basis, July 2012 sales were 2.9 per cent higher than June 2012. For the 12 month rolling period (August 2011-July 2012), sales were 67Mta, representing an 8.4 per cent increase compared to the same months of the previous year (August 2010-July 2011). Source: Sind...