Cement News tagged under: consumption

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Lucky Cement domestic sales boost full-year profit, Pakistan

16 August 2012, Published under Cement News

Lucky Cement reported a 71 per cent rise in full year net profit as domestic sales offset a decline in exports. Net income was PKR6.78bn (US$71.8m) in the 12 months ended 30 June with a PKR3.97bn (US$623.5m) a year earlier, the Karachi-based company said in a filing to the stock exchange. Revenue rose 23 per cent to PKR39.1bn while sales were three per cent higher at 5.97Mt. Domestic sales rose seven per cent while exports were down 4.7 per cent to 2.25Mt, the company said. A total ...

ACC sees Indian demand rising 10 per cent YoY, India

16 August 2012, Published under Cement News

Indian cement major ACC has said cement demand may grow at a healthy rate of 10 per cent in 2012 but subdued capacity utilisation and higher raw material costs will keep prices under pressure. "The demand for cement is expected to grow at 10 per cent over 2011. A lower utilisation rate coupled with increase in cost of raw materials and increasing logistics costs are likely to keep overall prices under pressure in all regions," it said in its annual report. "Pressure on costs will continu...

CRH advances strongly in the Ukraine

15 August 2012, Published under Cement News

CRH’s first half turnover improved by 5.2 per cent to €8,588m, but the EBITDA came off by 1.1 per cent to €568m. The better weather conditions in North America were offset by a worse experience in Europe. The trading profit was stable at €184m, while the pre-tax profit improved by 23.2 per cent to €117m, helped by gains on disposal, and the net attributable profit advanced by 36.8 per cent to €104m. Net debt at the end of June was 0.7 per cent lower at €3915m, to give gearing of 37.5 per ce...

Anhui Conch Cement reports 51% plunge in 1H profit

15 August 2012, Published under Cement News

Anhui Conch Cement announced yesterday that its net profit in the first half fell 51.33% YoY to CNY2.92bn (US$462m) under Chinese accounting rules, due to sharp declines in cement prices amid weak demand. Earnings per share were CNY0.55 during the period, down 51.33 per cent YoY, said the company in its interim report. Operating revenue dropped 8.22 per cent YoY to CNY20.3bn in the first half. The company's gross profit margin declined 15.70 percentage points to 27.09 per cent in the p...

Argentina July shipments edge ahead YoY

14 August 2012, Published under Cement News

Argentina cement plants shipped 912,106t in July 2012 - including exports - a rise of 0.7 per cent from June but down two per cent from the same period a year ago. According to provisional data of the Association of Portland Cement Manufacturers (AFCP), dispatches destined for domestic consumption totaled 904,169t, 1.8 per cent more than in June but 0.8 per cent below the July 2011 placement. After a fall of 18 per cent between March and April, sales surged 11.3 per cent in May and 1.9...

July sales rise six per cent YoY, Brazil

14 August 2012, Published under Cement News

The latest preliminary data and market estimates from the Brazilian cement market show that domestic cement consumption in July 2012 reached 5.8Mt, up six per cent on the same month of the previous year. On a month-on-month basis, July 2012 sales were 2.9 per cent higher than June 2012. For the 12 month rolling period (August 2011-July 2012), sales were 67Mta, representing an 8.4 per cent increase compared to the same months of the previous year (August 2010-July 2011). Source: Sind...

Indonesia’s July sales rise 9.9 per cent

13 August 2012, Published under Cement News

Indonesia's domestic cement sales rose 9.9 per cent in July from a year ago, up from 9.5 per cent in June, data from the country's biggest cement firm PT Semen Gresik Tbk showed on Monday.     Southeast Asia's biggest economy consumed more than 4.8Mt of cement in July, up 7.2 per cent on a monthly basis. The Moluccas islands and Papua led July growth at 51.1 per cent, while main islands Java and Sumatra led sales volumes.     July cement sales volume was boosted by additional supply from...

Middle East market developments

13 August 2012, Published under Cement News

Cement producers in the Gulf Cooperation Council (GCC) nations witnessed a 24.3 per cent increase in revenues in the first quarter of 2012, reaching US$1.26bn (AED4.62bn) as construction picked up in certain parts of the Middle East. Saudi Arabia continues to be the region's strongest market, but improvements are being seen in the UAE and Qatar is gathering pace. However, a challenging operating environment persists in Egypt. According to a report by Global Investment House (GIH), combine...

Bolivian first-half sales rise 10.62 per cent

09 August 2012, Published under Cement News

In the first half of this year, Bolivian sales  increased by 10.62 per cent compared to the same period of 2011 and manufacturers expect demand will continue to rise. According to the Bolivian Institute of Cement and Concrete (IBCH), in the first six months of 2012 1,271,069t of domestic cement were sold and 52,382t  imported, totaling 1.3Mt. In the same period in 2011, 1,196,312t of domestic and imported were sold, which means an increase of 10.62%. Cement consumptionin the department...

USA May shipments rise 15.9 per cent

09 August 2012, Published under Cement News

Total shipments of Portland and blended cement in the United States and Puerto Rico for May 2012 were 7.5Mt – 15.9 per cent higher than shipments in May 2011. Shipments for the year through May were 29.4Mt, up by about 18 per cent. The leading producing States in May were Texas, Missouri, California, Michigan, and Florida, in descending order, and accounted for 42 per cent of total output. The leading consuming states (Texas, California, Florida, Ohio, and Illinois, in descending order) r...