Cement News tagged under: consumption
Fitch Assigns Initial 'BBB-' IDR to Cementos Pacasmayo SAA04 February 2013, Published under Cement NewsFitch Ratings has assigned the following initial ratings to Cementos Pacasmayo: Foreign currency Issuer Default Rating (IDR) 'BBB-'; Local currency IDR 'BBB-'. The Rating Outlook is Stable. Fitch says the ratings reflect the company's solid business position, as the only cement producer in Peru's northern region. Pacasmayo's position has resulted in high margins, low leverage and solid liquidity. The small size of the cement market in the north, as well as the difficulty of logistics in t... |
Indian prices see improvements in January01 February 2013, Published under Cement NewsIndian cement prices have improved through January following a sharp fall in December, the Economic Times of India reports. Delhi, Bangalore and Hyderabad proved to be the only exceptions with prices stagnating in the former two and declining in the latter. Prices improved primarily to compensate for declines in November and December. Demand, however, remained weak in all regions causing analysts to state that companies may find it difficult to raise prices in the coming months should con... |
Bolivia expects to double cement imports in 201301 February 2013, Published under Cement NewsState-owned Insumos Bolivia (IB) expects to double the import of Peruvian Yura cement this year from 1.3m bags in 2012 to 2.5m bags, or 5.9Mt, in 2013. IB director general, Oscar Sandy, said there are a number of possible agreements in the pipeline that would require substantial volumes of cement. Firstly, IB hopes to conclude a deal with the Misicuni company to construct a dam in Cochabamba. The project would require 150,000 bags in the first half of the year. In addition, within the fra... |
Kenya set to see decline in 2012 consumption31 January 2013, Published under Cement NewsKenyan cement consumption is set to register the first decline in three years. Provisional data for 2012 from the Kenya National Bureau of Statistics shows that consumption is unlikely to go over the 3Mt mark surpassed in the previous two years. Over the first 11 months of 2012, demand reached 2.6Mt compared to 3.4Mt in full-year 2011 and 3.1Mt in 2010. On the positive side, consumption in November 2012 saw a MoM gain of six per cent to 337,096t from 318,016t in October 2012. Cement produ... |
Holcim Apasco: cement consumption in Mexico expanded 3.5% in 201229 January 2013, Published under Cement NewsHolcim’s Mexican arm, Holcim Apasco, estimates that cement demand in the country grew 3.5 per cent in 2012 compared to 2011. The cement major said the increase in consumption, which reached 35Mt last year, was driven by stronger growth in the infrastructure segment, moderate expansion in self-build housing as well as the construction of industrial buildings, offices and shopping centres. Gustavo Gastelum, the company’s director of external relations and communications, said that recent ... |
Yanbu Cement full-year net profit rises 36% YoY28 January 2013, Published under Cement NewsSaudi cement producer Yanbu Cement Co (YCC) reported a surge in full-year net profit thanks to increased demand and a new production line as top capacity players benefit from the country's boom period. The company's net profit rose 36 per cent YoY in 2012 to SAR720.5m (US$192.1m). Earnings per share (EPS) stood at SAR 6.86, up from SAR 5.04. Local cement producers have been riding high on government projects which puts emphasis on improving education, social services and basic infrastruc... |
Spanish demand sees largest drop for over 70 years21 January 2013, Published under Cement NewsCement consumption in Spain has seen its full-year figures for 2012 fall even further than the pessimistic forecasts predicted by Oficemen in December. Last year, cement demand contracted 34 per cent YoY to 13.5Mt, representing the largest decline in the Spanish cement market’s history for several decades. Only in 1936 a larger drop was found. Full-year output figures registered a fall of just under 29 per cent to 22.18Mt. “We face data that are really symptomatic of the poor state of he... |
Latin America market movements21 January 2013, Published under Cement NewsThree major Latin American countries, Brazil, Peru and Argentina, released full-year consumption figures for 2012 this week with two showing YoY gains while demand in the third faltered. Brazil With Brazil's economy continuing its lull, construction activity is expected to have grown by five per cent last year, thus underperforming its significant potential. Fundamentally, the opportunities for the construction sector are immense given the country's housing and infrastructure needs and... |
Indonesia sales forecast to see double-digit growth hat-trick18 January 2013, Published under Cement NewsIndonesian cement consumption is expected to continue its strong growth trajectory and rise by double-digits for the third year in a row, according to estimates by local analysts. “We’ve seen two years of two digit growth. This year, the cement market remains positive because demand remains strong, particularly in ongoing infrastructure projects,” said Gifar Indra Sakti, an analyst with PT Sucorinvest Central Gani said. Cement demand rose by 17.7 and 14.5 per cent in 2011 and 2012, res... |
PCA revises 2013 consumption outlook upwards18 January 2013, Published under Cement NewsAccording to the latest forecast from the Portland Cement Association (PCA), there will be an 8.1 per cent growth in cement consumption in 2013, significantly higher than the tepid growth projected in its fall 2012 report. The upward revisions reflect adjustments made in light of the recent fiscal cliff accord, recognition of stronger economic momentum, and markedly more optimistic assessments regarding residential construction activity. The January report marked 2012 consumption at 78... |