Cement News tagged under: Consumption
Andhra Pradesh hit by declining prices and demand, India04 October 2012, Published under Cement NewsCement producers operating in the Indian state of Andhra Pradesh continue to suffer due to lower prices and demand in the region, the Economic Times of India reports. Cement prices have corrected sharply by 10 per cent over the last few weeks and are down 25 per cent on peak levels from INR300/bag. The decline in prices is attributed to new market entrants rather than seasonal effects. For example, JP Cement is selling cement at around INR201-220/bag which is INR20-30 lower than prices by l... |
South Africa’s second-half sales rise seven per cent03 October 2012, Published under Cement NewsSecond-quarter cement sales in South Africa reached 2.91Mt, a seven per cent increase on the same period of the year before (2.7Mt), the latest data from the country’s Cement and Concrete Association (C&CI) shows. First half sales amounted to 5.55Mt, representing a 6.8 per cent rise on the first half of 2011 when figures reached 5.197Mt. For the 12 months to June 2012, the moving annual total was 11.59Mt, a rise of 6.6 per cent compared to 10.872Mt in the comparable period of the previ... |
Iskitimtsement raises 9M12 output, Russia03 October 2012, Published under Cement NewsIskitimtsement, part of Russia-based RATM Holding, raised cement output by 23.1 per cent YoY to 1.123Mt in January-September, RIA Novosti news reported. Deliveries rose 28.9 per cent to 1.294Mt during the same nine m onth period. For the third quarter of the year, Iskitimtsement produced 535,000t of cement and sold 579,369t. In September alone, the company’s output reached 168,000t and sales amounted to 187,434t. Iskitimtsement has said it plans to boost 2012 production 9.4 per cent YoY to... |
Lafarge divests in US assets to Eagle, market improves01 October 2012, Published under Cement NewsLast week, Lafarge announced the disposal of two cement works and a network of ready-mix concrete plants in Missouri and Oklahoma, USA, to Eagle Materials Inc, adding US$446m (EUR344m) to its coffers. With the deal, Eagle Materials acquires the 1Mta Kansas City (MO) and the 0.6Mta unit in Tulsa (OK) as well as related distribution terminals, two aggregate quarries, eight ready-mixed concrete businesses and a fly ash firm. The move is seen by some as a win-win for both parties. Eagle secures... |
Colombian market update28 September 2012, Published under Cement NewsIn August 2012, grey cement production in Colombia reached 939,600t, representing a growth of 0.2 per cent over the same period of 2011, according to data released by Departamento Administrativo Nacional de Estadistica (Dane). During the month, 906,500t of grey cement was shipped to the domestic market, which represented a decrease of 1.1 per cent. So far this year to August 2012, grey cement production reached 7,247,900t, representing an increase of three per cent over the same period ... |
Exports drive Akmenes’ growth, Lithuania28 September 2012, Published under Cement NewsLithuania’s sole cement producer Akmenes Cementas is operating at almost full capacity as it benefits from its strategy to increase exports, business daily Verslo Zinios reported "Today we rely on exports for growth," it quoted Akmenes Cementas CEO Arturas Zaremba as saying. The company this year is targeting at least a 10 per cent increase in annual sales and a rise of around 15 per cent in revenues thanks to growing exports. Akmenes Cementas expects that its LTLT350m (EUR 101.4m) mode... |
Paraguay’s cement sales pick up in July-August27 September 2012, Published under Cement NewsCement sales in Paraguay increased in July and August, even before the reactivation of public works. In fact, the two months were the first in the year in which Industria Nacional de Cemento had no financial deficit due to the increased commercial activity. A combination of increased output and the recovery of several major customers helped to boost the state-owned firm’s takings. Nevertheless, it is expected that the cumulative loss of the cement producer will stand at around PYG24bn (US... |
UBS: China cement sector to outperform next six months26 September 2012, Published under Cement NewsUBS believes China cement demand has bottomed and cement inventories are falling. Moreover, cement prices have picked up with the national average price rising for the past four weeks after declining for 21 weeks. "We believe there will be more upside in 4Q12 based on an overlap of seasonal strengthen and a recovery in infrastructure spending," says to research house in a report by Dow Jones Global Equities News. Aggressive new capacity additions in the past five years have put pressure o... |
Vietnam cement sales drop 3.38% Jan-August 201221 September 2012, Published under Cement NewsCement sales in Vietnam for the first eight months of 2012 fell 3.38 per cent to 30.58Mt, against the same period of last year and fulfilling 55.6 per cent of the full-year target, the country’s Ministry of Construction said. On a MoM basis, cement sales were down 12.14 per cent from July 2012 to 3.62Mt in August. Cement consumption is forecast to reach between 55-56.5Mt this year, rising 11-12 per cent YoY, the ministry said. Cement output also fell 1.47 per cent in the eight month... |
Higher sales boost Qassim Cement 1H12 net profit, Saudi Arabia21 September 2012, Published under Cement NewsSaudi cement producer Qassim Cement Co (QCC) posted a 5.3 per cent rise in net profit to SAR307.4m (US$82m) for the first half of 2012, up from SAR291.8m a year ago, which the company attributed to an increased rise in sales. Earnings per share (EPS) stood at SAR 3.42, compared with SAR 3.24. QCC registered an operating profit of SAR 315.5m for the six months to June 2012, up from SAR297.2m a year earlier. |