Cement News tagged: International
Steppe Cement profit rises as Kazakh market grows 13%
Kazakhstan-based Steppe Cement Friday reported an increase in profit and revenue in the full year 2013, as domestic demand grew by double-digit figures. Steppe posted pretax profit of US$13m for 2013, up from US$12m a year earlier, as revenue rose to US$123m from US$120.2m in 2012. EBITDA for 2013 rose to US$28.7m compared with US$24.9m in 2012. Steppe said it sold 1.4Mt of cement during...
Lafarge Pakistan hosts groundbreaking ceremony for CSR project
The groundbreaking ceremony of a fully-equipped medical unit and parking complex was held at Lafarge Pakistan’s operations in Kallar Kahar, Chakwal district, earlier this week. Among those in attendance were Philippe Thiébaud, Ambassador of France to Pakistan and Malik Tanveer Aslam Awan, Pakistan’s Minister for Housing, Urban Development & Public Health Engineering. “The medical unit aims ...
Asia Cement expects rise in shipments following Sichuan acquisition
Asia Cement Corp expects a strong rise in shipments from its Chinese unit during the second quarter of 2014 compared to the same period a year ago, as it is set to benefit from the acquisition of two production lines in Sichuan province. Deliveries are expected to increase to 8Mt this quarter, compared with 5.29Mt a quarter ago, following the recent acquisition by subsidiary Asia Cement (Chin...
Siam Cement Group plans greenfield Laos plant
Siam Cement Group, Thailand's largest industrial conglomerate, is set to construct a greenfield cement factory in Laos, president and chief executive Kan Trakulhoon, has revealed. The Bangkok Post reported that the board of directors have approved a plan to build the works with a cement capacity of 1.8Mta. The new plant, to be located in Khammouane province, will become operational in the sec...
MPA: strong first-quarter points to positive start to 2014
MPA results for 1Q14 indicate significant increases over the same period of 2013 for the British minerals products and construction sectors, albeit lower than the last quarter of 2013. Aggregates and asphalt sales volumes were about 17 per cent higher and ready mixed concrete sales five per cent up in 1Q14. These strong volumes need to be put in the context that 1Q volumes in 2013 were histor...
Pakistan export volumes and revenues fall
Pakistan export volumes have seen a decline in the first nine months of the current fiscal both in terms of volumes and dollar value. However, latest monthly figures show a significant increase in exports to India. For the July 2013 – March 2014 period, Pakistan exported 6.123Mt of cement on revenues of US$374.78m compared to 6.522Mt at US$421.12m in the comparative period of the previous ye...
JK Lakshmi explores further avenues of growth
JK Lakshmi Cement, part of the HS Singhania Group, is looking to lift capacity to around 20Mta over the next five years after its latest round of expansion is complete. By end-March 2016, the company will have a total cement manufacturing capacity of 11Mta with units across Durg in Chhattisgarh, Sirohi in Rajasthan and grinding facilities in Kalol (Gujarat) and in Jharli (Haryana). Speaking...
Chinese sector set for turbulent ride – MS
The Chinese cement industry is in for a turbulent ride, according to analysts at Morgan Stanley, as falling construction starts and infrastructure investment affect demand. "Slower sales momentum, rise in inventory and tighter credit conditions will drive developers to start destocking, which would undermine new construction starts in 2014 and even into 2015," the investment bank said. Fewer...
Cemex LatAm Holdings sees growing cement shipments in Colombia
Cemex Latin American Holdings' turnover increased by 10.3 per cent in first quarter of the year to US$422.8m, but the EBITDA was just 0.2 per cent ahead at US$141m. The increase at the trading level was 2.4 per cent to US$118.1m. After a net interest charge 17 per cent lower at US$24.4m, the pretax profit did improve by 13.3 per cent to US$94.3m and the net attributable profit more than dou...
Peru: Pacasmayo 1Q net income down
Peruvian producer Cementos Pacasmayo reported a drop in net income of 11.8 per cent YoY to PEN39.8m (US$14.1m) in the first quarter of 2014. EBITDA came in at PEN80.7m compared to PEN81.3m in the corresponding period of 2013. However, cement sales volumes grew by four per cent YoY, exceeding market growth, with cement net sales improving by 5.9 per cent YoY and total sales by three per cent ...
Philippine sales climb in first three months
Sales of local cement manufacturers grew by 8.6 per cent to 5.2Mt in the first three months of the year, on the back of continued growth in the construction and real estate industries. Cemap president Ernesto Ordoñez told the Philippine Inquirer that the increase in sales could be attributed to the hike in infrastructure spending by the government, as well as the continued spending and the ...
Russia’s cement industry gathers in St Petersburg
Cement producers from Russia, CIS countries and Eastern Europe have gathered in St Petersburg, Russia, for the 8th Petrocem international cement conference and exhibition. Addressing delegates on the first day of the meeting, Mikhail Skorokhod, president of Eurocement Group, the leading cement producer in Russia, heralded the emergence of a modern and more efficient cement industry in the reg...
Full-year Iranian exports reach 18Mt
Iran exported around 18Mt of cement in the Iranian calendar year that ended on 20 March 2014, IRNA cited a report published by the Iranian Ministry of Industry, Mines and Trade on Sunday. The Tehran Times noted that the country’s annual cement output is currently about 80Mt, of which 50Mt is used domestically. In August 2012, former Iranian Industry, Mines and Trade Minister Mehdi Ghazanf...
Vietnam April output estimated to have increased 12.65% YoY
Vietnam is estimated to have produce 6Mt of cement in April, up seven per cent from March and 12.65 per cent from a year ago, the government’s General Statistics Office (GSO) said. In the four months to the end of April 2014, domestic cement output rose 7.6 per cent YoY to 19.4Mt, the office said in a monthly report. The office revised down the country’s cement output in the quarter to 13...
Mykolaivcement posts 2013 loss, Ukraine
CRH group company Mykolaivcement reported a loss of UAH63.234m (EUR4m) for 2013, with net revenue down by 10 per cent, or UAH61m, to UAH538.8m. In 2012, the Mykolaiv-based company suffered a loss of UAH66.9m. CRH acquired Mykolaivcement from Lafarge in April 2013 for EUR96m, a deal which made the Irish building materials major the leading cement producer in Ukraine. CRH also owns Podilsky Ce...
Price increase for Karachi market, Pakistan
Pakistan cement producers have increased the price of cement by PKR5/bag to PKR220-235/bag in Karachi, according to local retailers. “The latest increase is made after a gap of six to eight weeks,” vendor Muhammad Sohail told News International (Pakistan), adding that the previous increase of PKR5 per bag was made sometime in March. Commenting on the increase, an analyst said that the surg...