Cement News tagged under: Asia
Philippines: double-digit rise in cement sales04 February 2016, Published under Cement NewsCement sales in the Philippines increased by a strong 14.4 per cent YoY in 2015 to 24.36Mt, according to figures by the Cement Manufacturers' Association of the Philippines (CeMAP). CeMAP president Ernesto Ordoñez said the increased sales was brought about by the large budget by Public Works Department for infrastructure development, private sector confidence in government and new housing projects with low interest rates. Favourable weather conditions with reduced rains during the year a... |
LafargeHolcim planning potential disposal in South Korea22 January 2016, Published under Cement NewsGlenwood Private Equity is in talks to buy South Korea-based Lafarge Halla Cement in cooperation with Eugene Group, the country’s largest ready-mixed concrete manufacturer, and Sungshin Cement, another Korean cement maker. According to sources on Wednesday, LafargeHolcim Ltd, the majority shareholder of Lafarge Halla Cement, recently named Glenwood Private Equity as a preferred bidder for the cement business. The deal is estimated to be valued at somewhere between KRW500-600bn (US$417m-500... |
Taiheiyo Cement's Singapore additions10 June 2015, Published under Cement NewsTaiheiyo Cement, which operates a cement terminal in Singapore through Singapore Cement Manufacturing (SCMC), a joint venture with Singapore-based Hong Leong Asia Ltd, announced the completion of a new 24,000t cement silo at SCMC's cement terminal. Infrastructure investment, including subway and highway construction, is driving the robust cement market in Singapore and fueling demand for low-heat-type cement as a way to prevent thermal cracking in concrete structures with large cross-sect... |
PCA: 'global cement consumption on the rise'04 June 2015, Published under Cement NewsGlobal cement consumption is expected to grow through 2015 and 2016, with North America leading recent gains in the developed world, according to a report released by the Portland Cement Association (PCA). According to forecasts by the association, cement consumption among developed economies increased by roughly 9.2Mt in 2014, followed by another 9Mt increase in 2015. "Most of the gains in developed world cement consumption is attributed to North America," said Edward J Sullivan, chief ec... |
Indian output down 2.4% in April03 June 2015, Published under Cement NewsThe output of eight core industries in India contracted for the second consecutive month in April, on poor performances by the cement, electricity, natural gas refinery products and fertiliser sectors. In April 2015, output by the eight industries fell by 0.4 per cent. The output of the cement sector declined by 2.4 per cent, with falls in production also sen in natural gas (3.6 per cent), electricity (1.1 per cent), refinery products (2.9 per cent) and fertiliser output (0.04 per cent). C... |
Domestic demand buoys Pakistan dispatches in first 10 months01 June 2015, Published under Cement NewsA total of 29Mt of cement was dispatched during the first 10 months (July 2014 - April 2015) of the current Pakistan versus 28Mta in the same period of last year due to a rise in domestic demand, the All Pakistan Cement Manufacturers Association (APCMA) said. Total dispatches in April 2015 were 3.29Mt compared to 3.21Mt during the same month last year, up by 2.62 per cent. Monthly domestic dispatches increased by 4.57 per cent to 2.65Mt. Meanwhile, exports fell by 4.72 per cent to 0.64Mt ... |
Cemex improves first-quarter trading profit24 April 2015, Published under Cement NewsCemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the depreciation and amortisation charge, the trading profit rose by 25.3 per cent to US$335.32m. The net interest charge declined by 15.3 per cent to US$338.08m, to give an 82 per cent drop in the pre-tax loss from US$167.88m to US$30.86m. The effective net debt was 3.4 per cent lower at US$15,769m, of which 86 per cent was in... |
Japan: positive export pricing & volume trends continue20 April 2015, Published under Cement NewsFiscal 2015 export price negotiations between major Japanese cement producers and customers in Asia have concluded with prices remaining virtually unchanged from the high level of fiscal 2014 on the back of robust demand, according to a Nikkei report. Annual contract prices are negotiated each spring by cement producers led by Ube-Mitsubishi Cement, Taiheiyo Cement and SumitomoOsaka Cement. This year's round of negotiations has resulted in a contract price of US$40-45/t, an increase of US$1... |
Semen Padang posts 1Q sales decline, Indonesia14 April 2015, Published under Cement NewsPT Semen Padang, part of the Semen Indonesia group of companies, reported a 6.8 per cent decrease in sales volumes in the first quarter of this year to 1.5Mt. "The poor sales of cement were attributed to the sluggish domestic demand," said Semen Padang president director Benny Wendry told local press on Monday. However, the company does not intend to rein in production levels and maintains its target of 7.6Mt, according to Wendry. It plans to offset the slump in domestic sales by stepping... |
Cemex’ US EBITDA rises by 65% and trading loss almost eliminated06 February 2015, Published under Cement NewsCemex' turnover improved by 3.2 per cent in 2014 to US$15,708.5m and the EBITDA advanced by 3.7 per cent to US$2740.5m, while the trading profit rose by 12.3 per cent to US$1275.6m. The net interest charge rose yet again and was up by 4.3 per cent to US$1608.4m, while the pre-tax loss was reduced by 53.2 per cent to US$124m and the net attributable loss emerged 39.8 per cent lower at US$507.3m. Net debt, including perpetual notes, declined by 6.7 per cent during the year to US$16,291... |