Cement News tagged under: exports
SCC Asean expansion on track18 November 2015, Published under Cement NewsThailand's largest cement producer Siam Cement Co (SCC) said it is on course to bring 6.3Mta of new cement capacity online in its key target markets of Cambodia, Indonesia, Myanmar and Laos between 2015-17. In an update on its strategy for its cement & building materials unit, reported on by SCB Securities in The Nation (Thailand), SCC said the investment programme is expected to not only provide SCC with high demand growth and a good margins but also offer a borderless network, lower logis... |
Pakistan: cement industry demands export incentives13 November 2015, Published under Cement NewsAs Pakistan reports a decline in cement export sales over the first quarter of FY16, the local industry body is calling on the government to provide relief measures and incentives to facilitate exports going forward. During first three months of the current fiscal Pakistan exported 1.52Mt of cement and earned export revenue of at US$87.74m compared to 2.42Mt at US$142.78m. This translated to a fall of 36.91 and 38.55 per cent in terms of quantity and value in dollar respectively over 1QFY... |
Egypt's new-found energy09 November 2015, Published under Cement NewsFollowing its successful navigation of turbulent social and political waters, the Egyptian cement industry has more recently had to face the challenge of overcoming gas shortages and a phase-out of power subsidies. Diversifying energy and power sources has now become a key priority as producers look to secure supplies, stabilise production and serve growing demand. By Shady Sharaf, Aboubakr Emam, CFA & Kamal El-Sheikh, Cairo Financial Holding, Egypt. Arabian Cement Co converted its pl... |
TCL quarterly revenue boosted by higher volumes, clinker exports06 November 2015, Published under Cement NewsTrinidad Cement Ltd's (TCL) revenue rose by seven per cent in 3Q15 to TTD550.1m (US$86.3m) compared to TTD513.7m a year earlier, mainly to increased cement sales volume of 13 per cent in its domestic markets and higher clinker exports. During the second quarter the group was able to successfully refinance the restructured debt with a bridge loan and in so doing, benefitted from prepayment discounts which has been reflected in our Q2 results. In the third quarter, the group successfully... |
Pakistan July-October sales boosted by strong domestic demand growth05 November 2015, Published under Cement NewsPakistan cement dispatches in the first four months of FY16 increased by 3.79 per cent YoY to 11.398Mt, according to the All Pakistan Cement Manufacturer’s Association (APCMA). Domestic sales during the period climbed to 9.37Mt, representing a YoY increase of 14.38 per cent – the fastest growth in the last eight years, the industry body noted. However, exports fell by just over a quarter to 2.028Mt versus 2.79Mt in the comparative period of last year. Regional breakdown Closer anal... |
Argentina’s monthly cement consumption 2.5% ahead04 November 2015, Published under Cement NewsThe Argentina cement market saw increased sales in October 2015, up 2.5 per cent YoY from 1,100,852t to 1,127,869t, according to AFCP, the country's cement association. Export sales, however, fell by 56 per cent from 14,344t to 6342t over the same period. In the year to date, dispatches rose 8.4 per cent to 10,175,570t from 9,383,267t posted in January-October 2014. Exports experienced a 42 per cent fall from 137,249t to 79,602t. |
Vietnam 10-month sales edge ahead03 November 2015, Published under Cement NewsVietnam sold 58.66Mt of cement and clinker in the first 10 months of this year, rising one per cent from a year earlier and fulfilling 80 per cent of the whole-year target, the Building Material Department under the Ministry of Construction said. The total comprised 45.51Mt of domestic sales (+9 per cent YoY), the Xay Dung online newspaper cited the department as saying. In October, the country’s cement sales rose 15 per cent MoM to 6.37Mt, including 5.07Mt of domestic sales, up 14 per ... |
Germany's housing benefits26 October 2015, Published under Cement NewsFollowing last year’s recovery in German cement demand, a subdued start to 2015 means growth is likely to peter out. Housebuilding continues to recover from a low base, but the outlook for industrial construction appears downbeat. On the corporate front, M&A activity and asset swaps by European majors have led to some German plants now being under new management. German housing continues its recovery and increases its share of German construction activity The German economy grew... |
Attock Cement 1Q net profit up 2%26 October 2015, Published under Cement NewsAttock Cement announced a net profit of PKR470m (US$4.5m) in the first quarter (Jul-Sep) of fiscal year 2015-16, up just two per cent compared to the profit it earned in the same period of the previous fiscal year. Earnings per share (EPS) were up to PKR4.20 from PKR4.11 in the period under review. The company registered a 10 per cent YoY decline in sales mainly on the back of a 10 per cent reduction in dispatches, a report by Arif Habib Limited published in the The Express Tribune (Pakist... |
Peru’s demand falls 1.9% in September16 October 2015, Published under Cement NewsCement dispatches in Peru slipped 1.9 per cent in September to 0.887Mt from 0.905Mt in September 2014, according to Asocem, the country’s cement association. Exports declined by 13.9 per cent to 26,000t in September. Cement production increased 4.6 per cent YoY to 0.958Mt as the new plant of Cementos Pacasmayo, located in Piura, came on-stream. However, Asocem said: “The September production [figure] includes several tests at the new plant and therefore the strong rise in output is an anom... |