Cement News tagged under: consumption
Sociedad de Cementos y Materiales looks to cut 35 jobs19 December 2012, Published under Cement NewsSpanish cement and building materials producer Sociedad de Cementos y Materiales de Construccion de Andalucia, is reportedly planning to lay-off 35 members of staff. The company, which is controlled by Portuguese cement major Cimpor, is currently negotiating with its employees and trade unions, according to reports by Expansión. The downsizing measure will affect 25 employees at its Cordoba works and 10 employees at the factory in Niebla. The firm currently employees a total 142 people.... |
Spain to see fifth consecutive annual double-digit fall in demand18 December 2012, Published under Cement NewsSpanish cement association Oficemen expects consumption to reduce by 33 per cent in 2012 per cent in 2013 , the fifth double-digit decline in a row. This will take annual demand to a little more than 13Mt, light years away from the 56Mt consumed in 2007, the association highlighted. For the first 11 months of 2012, consumption reached 12.74Mt, down 33.8 per cent YoY, compared to the 19.23Mt achieved in the same period of last year, data from Oficemen shows. Producti... |
Peru Jan-November cement deliveries up 16.62%18 December 2012, Published under Cement NewsDomestic cement shipments in Peru jumped 16.62 per cent to 8.756Mt in the first 11 months of 2012, according to the Peruvian Association of Cement Producers (Asocem). Production followed suit with a 16.72 per cent increase to 8.979Mt. Meanwhile, cement exports in the January-November 2012 period grew by 200.18 per cent YoY to 173,198t. Cement production in Peru reached 8.98Mt in the first 11 months of 2012, rising by 16.7 per cent compared to the same period in 2011. Production in November... |
India cement sector to see recovery in FY13-1418 December 2012, Published under Cement NewsIndia's cement industry is expected to see a sharp recovery in cement prices in FY13-14 with an improving supply and demand scenario, as well as government measures to fast-track infrastructure projects. Reuters reports that Deutsche Bank believes cement companies such as UltraTech Cement and Shree Cement that have potential to increase capacity and have a bigger presence in western and northern India will witness "disproportionate benefits". Meanwhile, Morgan Stanley maintains an 'attra... |
Siam Cement sees strong demand into 201318 December 2012, Published under Cement NewsIncreased demand witnessed over 2012 in Thailand will continue rising well into next year, according to the head of the Siam Cement Group (SCG). "The momentum of demand growth stimulated by infrastructure projects will likely continue well into mid-2013," Kan , president and CEO of SCG, told the Bangkok Post. Recovering from the floods last year, YoY cement demand grew by only six per cent in this year's first quarter before of 2012 picking up with 10 per cent and 16 per cent increases... |
Indonesia Jan-November 2012 sales rise 15%17 December 2012, Published under Cement NewsIndonesia's cement sales have continued their upward trend, with domestic consumption having risen 15 per cent in the first 11 months of 2012, thanks to the country's infrastructure and property sectors. Cement sales rose to 49.9Mt between January-November 2011, state-owned cement producer Semen Gresik reported on its website on Friday citing data from the Indonesian Cement Association (ASI). "Increases in cement consumption were driven by the property and infrastructure sectors, as we... |
Fitch affirms Central Asia Cement rating revises Outlook upward, Kazakhstan17 December 2012, Published under Cement NewsFitch Ratings has affirmed Central Asia Cement's (CAC) National Long-Term Rating at 'BB-(kaz)' and revised the joint stock company's Outlook to Positive from Stable. The agency has also affirmed CAC's senior unsecured KZT1.5bn bond rating at 'B(kaz)'. "The completion of Steppe Cement's capital increae reinforces CAC's financial structure and should allow financing of the investment in the Line 5 refurbishment, while reducing leverage," Fitch said in a statement, adding: "The group is sti... |
Argentina’s cement sales drop in November14 December 2012, Published under Cement NewsArgentine Portland cement shipments, including exports, slipped by 0.9 per cent MoM to 982,116t in November after registering two consecutive months of improvement. Domestic sales advance 0.5 per cent to 959,567t when compared with last month, but fell 8.6 per cent YoY, according to the Association of Portland Cement Manufacturers (AFCP). For 11M2012, total shipments declined 7.4 per cent to 9.878Mt with a similar cut noted in the domestic market, where demand stood at 9.663Mt. As... |
BoA-Merrill upgrades India's cement stocks to 'buy'14 December 2012, Published under Cement NewsBank of America-Merrill Lynch upgrades its rating across cement stocks to 'buy' from 'neutral' or 'underperform', saying capacity will lag demand, while valuations are below previous up cycles. The investment adds general elections in the next 18 months bode well for the Indian cement sector given the demand-GDP multiplier expanded in four out of the five previous election years. Among the major cement manufacturers, Bank of America upgraded UltraTech Cement and Ambuja Cements to 'buy'... |
Brazil Jan-November cement demand rises 7.6%13 December 2012, Published under Cement NewsCement consumption in Brazil for the January-November 2012 period reached 63.2Mt, 7.6 per cent ahead of the same period of last year,latest data from Sindicato Nacional da Indústria do Cimento (SNIC) showed. In November alone, sales totaled 5.8Mta, an increase of 3.8 per cent over the same month of 2011, according to the latest statistics In terms of sales by day, November deliveries rose by 2.3 per cent compared to October 2012 figures. According to data obtained by SNIC from the S... |