Cement News tagged under: consumption
Morroco to add 5.9Mta of new capacity by 201714 January 2013, Published under Cement NewsCompetition is intensifying in the cement sector in Morocco, as existing players gear up for another phase of capacity development. While cement demand cooled in 2012 following double-digit growth the year before, the mid-term outlook is positive, and domestic players are now planning new facilities in a bid to maintain market share. Ciments de L'Atlas (CIMAT) has confirmed plans to build a third cement plant close to Nador in the north of Morocco as part of its strategy to maintain a 14 p... |
JP Morgan cautious near term outlook on India cement sector11 January 2013, Published under Cement NewsJP Morgan cautions the near-term outlook for Indian cement companies remains "hazy", in contrast with market consensus for a strong V-shaped recovery in infrastructure spending over the next 12 months. The investment bank says a growth in industry demand of more than eight per cent is unlikely over the next two years, as capacity will continue to outpace demand. (Source: Reuters.) |
Vicem net profit rises 36% YoY11 January 2013, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) said it made a net profit of VND660trn (US$31.62bn) in 2012, rising by 36 per cent from a year earlier, despite a fall in domestic demand and economic difficulties. The corporation sold more than 20Mt of cement in 2012, rising by nine per cent YoY and contributed VND1trn to the state budget, up eight per cent YoY. Vicem has control over production levels at the majority of Vietnam’s cement plants, including many Joint-Stock Companies (JSC) a... |
Swiss cement deliveries see 2012 setback09 January 2013, Published under Cement NewsDomestic cement sales in Switzerland saw a 6.2 per cent decline in 2012, latest data from the domestic cement association, Cemsuisse shows. For full year 2012, domestic sales reached 4.395Mt compared to 4.687Mt in 2011. The country was affected by a long period of adverse weather conditions during the spring which led to first quarter deliveries being down by 22 per cent. In the fourth quarter sales were 1.092Mt, down 1.18 per cent from the 1.105Mt recorded in 4Q11. The proportion o... |
Vietnam 2012 sales fall 3.5% YoY09 January 2013, Published under Cement NewsTotal cement sales in Vietnam (domestic plus exports) in 2012 fell 3.5 per cent YoY to 54Mt. A recent update by the Vietnam Cement Association (VNCA) shows domestic sales were down 7.71 per cent YoY to 45.5Mt during the year as a frozen real estate market hurt local demand. Cement and clinker exports, however, rose by 30 per cent to 8.5Mt. Vietnam’s cement sales are predicted to rise by 5-8 per cent YoY to 48-49Mt in 2013, equal to total sales of 2011. With the country currently fac... |
Tunisia domestic sales rise during Jan-November 201209 January 2013, Published under Cement NewsTunisia has reported a double-digit rise in cement sales for the first 11 months of 2012 while exports saw a significant drop over the same period. Domestic sales rose by 11.6 per cent during January-November 2012 to 6.559Mt from 5.875Mt recorded in the first 11 months of 2011. Production, meanwhile, rose 10.7 per cent to 6.787Mt from 6.13Mt in the corresponding period of 2011. Exports, however, fell 22.4 per cent to 201,000t against the 259,000t registered in the first 11 months of ... |
Philippines: strong cement sales expected in 201308 January 2013, Published under Cement NewsThe Philippine cement sector is looking forward to higher sales this year as private sector projects and increased government spending on infrastructure are expected to continue driving drive demand. “2013 is going to be a strong year for sales,” Ernesto Ordoñez, president of the Cement Manufacturers’ Association of the Philippines told the Philippine Star. Mr Ordoñez said that higher sales would be supported by the government’s plan to spend more for infrastructure projects. “Th... |
Pakistan first-half domestic sales rise, exports remain under pressure07 January 2013, Published under Cement NewsPakistan has recorded a rise in domestic cement sales in the first half of the current fiscal but export levels continue to remain under pressure. Latest data from the All Pakistan Cement Manufacturers’ Association (APCMA) shows that local dispatches in 1HFY12-13 rose by 7.61 per cent to 11.728Mt YoY however exports declined by 5.28 per cent during the period to 4.22Mt. Cement units located in the south registered growth of 7.98 per cent in local dispatches but a 16.34 per cent decli... |
South Africa 9M12 sales rise 2.9%04 January 2013, Published under Cement NewsSouth Africa cement sales for the first nine months of 2012 rose 2.9 per cent to 8.529Mt from 8.290Mt in the same period of 2011, latest data from the Cement & Concrete Institute (C&CI) shows. The moving annual total also rose 3.9 per cent to 11.473Mt from 11.038Mt in the corresponding period a year a go. However, 3Q12 sales were down 3.8 per cent to 2.976Mt compared to 3.092Mt in the 3Q11. |
Nomura initiates Siam Cement coverage with a 'buy'04 January 2013, Published under Cement NewsNomura initiated coverage of Siam Cement Pcl, Thailand's biggest industrial conglomerate with a 'buy' rating, citing strong cement business on the back of infrastructure spending and improving petrochemical cycle. The broker set a price target of THB530, according to reports by Reuters. "The company's cement business has had strong performance in 2012 driven by government's massive infrastructure spending ... However, SCC underperformed Siam City Cement despite SCC's superior earnings ... |