Cement News tagged under: Pricing
Indian cement capacity seen reaching 349.6Mt in FY1304 September 2012, Published under Cement NewsIndian cement production capacity is expected to rise to 349.6Mt in the current fiscal year (FY13) from 336.1Mt reached in the last fiscal. "The projected demand and capacity to be created during 2012-13 are 265.4Mt and 349.6Mt, respectively," Minister of State for Commerce and Industry Jyotiraditya Scindia said in a written reply to Parliament According to the report of the working group on cement industry for the 12th Five Year Plan, the installed capacity of cement production during... |
China Shanshui Cement first-half net profit falls 41 per cent28 August 2012, Published under Cement NewsChina Shanshui Cement has reported a net profit of CNY728m (US$114m) for the first half of 2012, representing a decline of 41 per cent YoY on the back of a slowing demand. In the period its operating revenue slid 5.8 per cent YoY to CNY7.38bn, with basic earnings per share of CNY0.26. Zhang Bin, Vice Chairman and General Manager of Shanshui Cement, said: “In the first half of 2012, affected by a contraction in China’s macro economy and slowdown in fixed asset investment, industry demand sl... |
India: builders protest against high cement prices23 August 2012, Published under Cement NewsIn a statewide protest organised by the Builders’ Association of India, builders in Coimbatore voiced their opinions on a protest rally on Tuesday, demanding measures by the state government to bring down cement prices and calling for a regulatory cement authority to be formed at the national level. Cement prices are INR330 (US$5.98)/bag now as against INR275/bag six months ago. Though the Tamil Nadu Cements Corporation was supplying cement at INR 260/bag even now, the cement companies ha... |
Indian prices seen declining17 August 2012, Published under Cement NewsCement prices in July have declined in most Indian states. A drop has been recorded in Andhra Pradesh where a 50kg bag of cement was down by about INR20-25, meanwhile in Hyderabad, prices have gone from INR320-330 in the Rayalseema districts to INR27-275 in the last week. Even in the states of Karnataka, Maharashtra and Tamil Nadu, prices have seen a comparative fall of INR15-20. According to local press, there has been a sudden excess capacity created in the market with the launch of new... |
West China Cement net profit drops 65%, China16 August 2012, Published under Cement NewsWest China Cement has reported a 65 per cent drop in first-half profit as selling prices declined and production costs increased. Net income dropped to CNY138.5m (US$23m) from CNY419m a year earlier, the cement producer said in a filing to the Hong Kong Stock Exchange yesterday. Sales were down 7.1 per cent to CNY1.59bn. The Shaanxi cement market will gradually recover this year, with pricing power maintained and possibly improved, the company said in a statement. Earlier this week, ... |
ACC sees Indian demand rising 10 per cent YoY, India16 August 2012, Published under Cement NewsIndian 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... |
HSBC lifts Lafarge share price target, France14 August 2012, Published under Cement NewsHSBC has lifted the share price target of Lafarge to EUR55 from EUR52 and reiterated its "overweight" recommendation. Analysts with HSBC revised up by three per cent their expectations for the EBITDA of the company, due to the increase in cement prices. The broker considers that in the first half of 2012, the building materials producer laid the foundations of good financial performance for the entire year. Lafarge booked a EUR13m (US$16.02m) net attributable profit for the first half of ... |
Indonesia’s July sales rise 9.9 per cent13 August 2012, Published under Cement NewsIndonesia'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... |
Fujairah Cement reverses loss, increases sales, UAE13 August 2012, Published under Cement NewsFujairah Cement reported increased sales in the six months to June 2012 of 16 per cent to US$$83.6m in the six months to June 30 and it reversed a $2.4m loss last year into a $5.5m profit. Earnings per share also climbed to 1.55 cents (5.7 fils), compared to a loss of 0.68 cents (2.5 fils) last year. Despite this, however, the company said that the recession that has been felt in the construction sector is "continuing". A statement accompanying the firm's results from general manage... |
JK Cement reports YoY gains, India10 August 2012, Published under Cement NewsJK Cement reported a healthy growth in earnings on the back of both higher volumes and realisations in the first quarter of the current fiscal. In the June 2012 quarter, the company reported 38 per cent YoY growth in net profits, the Economic Times of India reports. Revenues grew by 21 per cent YoY to INR736 crore mainly due to 15 per cent growth in dispatches and a five per cent increase in realisation per ton. However, on a sequential basis, dispatches were 11 per cent lower compared to... |