Cement News tagged under: sales

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Sinai Cement sees net losses widen in 1Q20

16 June 2020, Published under Cement News

Egypt’s Sinai Cement saw its net losses widen 35 per cent YoY to EGP105.44m (US$6.5m) in the first quarter of 2020, compared to a loss of EGP78.16m in the corresponding period of last year. However, the company’s net sales increased 5.3 per cent YoY to EGP211.73m from EGP201.08m in the 1Q19.

Akhangarancement sets record shipment figures in May

12 June 2020, Published under Cement News

Uzbekistan’s Akhangarancement, part of Eurocement, shipped a record monthly shipment of more than 180,000t of cement in May 2020, up 10.6 per cent YoY. Gennady Kulikov, general director of Akhangarancement, praised the contribution of the clinker firing department, automotive workshop, cement shipping and packaging section, and the sales department in reaching the record level. "Despite the special mode of operation associated with the coronavirus pandemic, the enterprise team at all s...

Caribbean Cement forecasts 10-20% sales decline in 2020

03 June 2020, Published under Cement News

Jamaica-based Caribbean Cement expects its annual sales to drop 10-20 per cent this year, due to the effects of the COVID-19 pandemic. "The forecast we are seeing is a 10 to 20 per cent decline in annual terms," said Yago Castro, general manager. "We are factoring the first quarter which was normal, but the second quarter we saw a drop by one-third, and the third quarter we are also expecting a decline when compared with last year," he said. Sales were down 35 per cent YoY in April and...

Semen Indonesia Group sales slip 2% in March

22 April 2020, Published under Cement News

Total sales of Semen Indonesia Group (SIG) fell two per cent in March 2020 to 3,098,449t when compared with March 2019, when sales reached 3,161,373t, according to data released by SIG. Semen Indonesia, including PT Solusi Bangun Indonesia (SBI), reported a 4.9 per cent YoY drop in sales to 2,879,329t  as the domestic market contracted by 9.5 per cent with offtake at 2,490,257t. However, exports advanced by 40.2 per cent YoY to 389,072t in March 2020. Thang Long Cement Co (TLCC) posted a...

Dungsam Cement reports impact of lockdown

16 April 2020, Published under Cement News

Bhutan’s Dungsam Cement Corp has been adversely affected by the lockdown in India, according to Sonam Jigme, CEO. No export volumes or revenue have been recorded from 21 March to 12 April, compared to around 75,000t sold and BTN323m (US$4.2m) of revenue last year. Around 81,280t had been sold domestically from 1 January to 21 March, earning BTN488m. However, only 24,233t has been recorded after 21 March. Mr Jigme said that although there is domestic demand, sales have considerably fall...

US cement sales show modest gain in 2019

11 February 2020, Published under Cement News

Cement sales edged up to US$12.5bn in 2019, according to the US Geological Survey (USGS). Of this total 70-75 per cent of sales were to ready-mixed concrete producers, 10 per cent to concrete product manufacturers, 8-10 per cent to contractors and 5-12 to other customers. Around 100Mt were shipped to final customers, including around 1Mt of exports. In 2018 shipments reached 98.48Mt. The average cement increased from US$121/t in 2018 to US$123.50/t in 2019. The USGS reported that construc...

Semen Indonesia Group sees 29% rise in 2019 sales

20 January 2020, Published under Cement News

The total sales volumes of the Semen Indonesia Group, including Thang Long Cement Co (TLCC) and former Holcim subsidiary, PT Solusi Bangun Indonesia (SBI), increased 36 per cent in December 2019 to 3.93Mt from 2.891Mt (before the group’s acquisition of SBI and therefore, not included in the group’s consolidated numbers), according to a company statement. Semen Indonesia saw sales edge up 4.4 per cent to 2.782Mt YoY, of which 2.564Mt in domestic sales (+8.2 per cent) and 218,678t in export ...

Fancesa to fall short of sales target

20 January 2020, Published under Cement News

Bolivia-based Fábrica Nacional de Cementos SA (Fancesa) will miss its sales and profits targets for the current financial year. The shortfall has been attributed to civic unrest and blockades following the elections that were cancelled due to fraud. “During the 2019 financial year, which closes on 31 March 2020, production was projected at 1,030,000t and the stop will obviously affect production volumes; it will be a success if we produced 900,000t,” said the Government Director of Fance...

Saudi sales increase 24% YoY in November

11 December 2019, Published under Cement News

The sales of 17 cement companies in Saudi Arabia amounted to 4.27Mt in November 2019, a 23.8 per cent YoY increase compared with 3.45Mt in the year-ago period, according to a report by Yamama Cement. Cement production rose by 22 per cent YoY to 4.3Mt during the period, against 3.54Mt in November 2018. Inventories showed modest growth to 1.22Mt from 1.18Mt.  Southern Province Cement Co reportedly recorded the highest sales volume at 613,000t, followed by Saudi Cement Co and Yanbu Cement.

Puerto Rican sales slip 3% in November

11 December 2019, Published under Cement News

Cement sales in Puerto Rico slipped 2.9 per cent to 46,236.3t (1.084m bags of 42.6kg) in November 2019 when compared with November 2018, when 47,630.6t (1.117m bags) were sold, according to data released by the Economic Development Bank of Puerto Rico. Output from Puerto Rican cement plants increased by 27 per cent in November 2019 to 46,760.7t (1.097m bags) from 36,821.9t (0.864m bags) in the year-ago period. In the January-November 2019 period, domestic cement sales decreased 6.3 per ce...