Cement News tagged under: consumption
US cement demand to rise or fall depends on resolution timing20 November 2012, Published under Cement NewsAlthough cement consumption and overall US construction activity increased significantly more than expected in 2012, these gains would be immediately erased in 2013 if the fiscal cliff is not resolved in a timely manner, according to the Portland Cement Association (PCA). The PCA expects cement demand to rise 7.5% in 2012, up 50 basis points from its summer forecast. However, the instability of the political landscape makes predicting 2013 consumption more challenging, said the US cement ... |
US cement consumption falters19 November 2012, Published under Cement NewsUnited States cement consumption in September fell 2.3 per cent versus the same month last year, representing a reversal of the growth trend for the first time in 2012. According to preliminary figures released by the USGS, monthly cement consumption reached 6.95Mt in September, versus 7.12Mt in 2011. Nevertheless, year-to-date consumption in 2012 has still outperformed 2011, and reached 59.56Mt in the first nine months, up 10.1 per cent compared to the same period in 2011. |
Adocem reports fall in domestic demand19 November 2012, Published under Cement NewsThe Dominican cement association Adocem reports that this year to date has seen a decline in cement consumption. In the first 10 months of the year, cement demand in the Dominican Republic totalled 2.2Mt, down 8.2% when compared with the equivalent period in 2011. It forecasts a full-year figure of 2.6Mt. The contraction is attributed to several factors, including lower activity in the construction industry, which was down 0.4% in the first half of 2012, according to the Central Bank. ... |
Buzzi Unicem's turnover edges ahead and profit advances09 November 2012, Published under Cement NewsBuzzi Unicem's turnover for the first nine months was up by 1.7 per cent to €2,146.3m and the EBITDA increased by 11.7 per cent to €368.7m. The trading profit rose by 29.6 per cent to €198.9m and net financial charges increased by 25.1 per cent to €85.3m. After an 89.3 per cent higher contribution from associates, the pre-tax profit rose by 33.5 per cent to €116.8m. With charges for tax and for minorities increasing more slowly than the pre-tax profit, the net attributable profit jumped by ... |
Cementos Portland posts EUR83m loss for Jan-Sep 201209 November 2012, Published under Cement NewsCementos Portland of Spain has posted a loss of EUR83m for the first nine months of 2012, almost 10-times the loss posted in the same period of last year, local press have reported. The steep decline is attributed to weaker demand from its domestic market of Spain which could not be offset by activity in USA and Tunisia where the company also operates.. |
SCG's cement division posts 29% revenue rise in 3Q12, Thailand09 November 2012, Published under Cement NewsSiam Cement Group's cement business posted a 29 per cent increase in revenue to THB17.7bn (US$577.6m) in the third quarter of 2012, attributable to a higher domestic sales volume as well as consolidation of the recently acquired ready-mixed concrete business in Indonesia. The cement business also saw a 33 per cent rise in net profit to THB2.45bn. Building materials witnessed 18 per cent growth in revenue to THB10.5bn, thanks to continued domestic market growth momentum. |
Dangote Cement sees 22% rise in 2012 pretax profit, Nigeria08 November 2012, Published under Cement NewsNigeria-based cement producer Dangote Cement said it expects pretax profit to reach NGN143bn (US$910m) for full year 2012 on strong demand, a rise of 22 per cent compared to the NGN118bn achieved last year. The company said forecasts were based on the 2.6Mt of cement it sold in the last quarter of the year and on improved gas supply. The company will spend around NGN110bn in capital expenditure this year. "Nigeria has a low per capita consumption ... so we believe there is a huge pent u... |
Emerging markets, North America drive Holcim performance07 November 2012, Published under Cement NewsHolcim reported a rise in cement deliveries for the first nine months of 2012 supported by pricing improvements. Emerging markets continue to support growth together with stronger demand for building materials in North America, but the Europe and Middle East and Africa divisions register declines. Commenting on its results, the company said in a statement: “Holcim continues to have the advantage of a strong presence in emerging markets, where construction activity remains high. This uniqu... |
Pakistan October dispatches down on falling exports06 November 2012, Published under Cement NewsPakistan cement dispatches in October 2012 fell by 5.87 per cent mainly due to a steep 20.59 per cent drop in cement exports, data from the All Pakistan Cement Manufacturers (APCMA), showed. Dispatches for the month stood at 2.767Mt, down from the 2.939Mt recorded in the same month last year. Local dispatches were 2.086Mt, representing a marginal rise of 0.19 per cent compared to 2.082Mt in October 2011. In the first four months of this fiscal year, total cement dispatches stood at 10.4... |
Taiheiyo Cement sales exceed expectations, Japan06 November 2012, Published under Cement NewsJapan’s leading cement producer Taiheiyo Cement is expected to report a 260 per cent YoY rise in consolidated pretax profit for the six months ended 30 September on earthquake rebuilding. A Nikkei report shows states that cement sales have exceeded targets due to reconstruction efforts relating to the Great Japan Earthquake in March 2011, and costs for coal have also been lower than expected. The cement producer had also projected a net loss of JPY3.2bn in part on the disposal of produ... |