Cement News tagged under: Volumes
Investing in Iranian cement production29 January 2013, Published under Cement NewsIran’s Bank of Industry & Mine, a specialised government-owned bank which aims to increase economic growth through the development of the industry and mining sectors, has allotted around EUR400m to fund 15 cement projects over the past three years, IRNA News Agency has reported. Latest figures on the cement sector show that Iran's cement output will reach 75Mt, by the end of current Iranian calendar year (19 March 2013), according to Deputy Iranian Industry, Mine, and Trade Minister, Vaj... |
Yanbu Cement full-year net profit rises 36% YoY28 January 2013, Published under Cement NewsSaudi cement producer Yanbu Cement Co (YCC) reported a surge in full-year net profit thanks to increased demand and a new production line as top capacity players benefit from the country's boom period. The company's net profit rose 36 per cent YoY in 2012 to SAR720.5m (US$192.1m). Earnings per share (EPS) stood at SAR 6.86, up from SAR 5.04. Local cement producers have been riding high on government projects which puts emphasis on improving education, social services and basic infrastruc... |
Congo’s SONOCC aims for 300,000tpa output24 January 2013, Published under Cement NewsSociété Nouvelle des Ciments du Congo (SONOCC) plans to increase its annual output after completing an expansion project last week which is expected to alleviate a cement shortfall and help bring down prices. The cement producer plans to lift output from 72,000t to 300,000t. The higher volumes are forecast to reduce the cement deficit in the country as well as support national construction efforts. It is also expected to bring down the price of a bag of cement, which currently stands at X... |
Spanish demand sees largest drop for over 70 years21 January 2013, Published under Cement NewsCement consumption in Spain has seen its full-year figures for 2012 fall even further than the pessimistic forecasts predicted by Oficemen in December. Last year, cement demand contracted 34 per cent YoY to 13.5Mt, representing the largest decline in the Spanish cement market’s history for several decades. Only in 1936 a larger drop was found. Full-year output figures registered a fall of just under 29 per cent to 22.18Mt. “We face data that are really symptomatic of the poor state of he... |
Latin America market movements21 January 2013, Published under Cement NewsThree major Latin American countries, Brazil, Peru and Argentina, released full-year consumption figures for 2012 this week with two showing YoY gains while demand in the third faltered. Brazil With Brazil's economy continuing its lull, construction activity is expected to have grown by five per cent last year, thus underperforming its significant potential. Fundamentally, the opportunities for the construction sector are immense given the country's housing and infrastructure needs and... |
Indonesia sales forecast to see double-digit growth hat-trick18 January 2013, Published under Cement NewsIndonesian cement consumption is expected to continue its strong growth trajectory and rise by double-digits for the third year in a row, according to estimates by local analysts. “We’ve seen two years of two digit growth. This year, the cement market remains positive because demand remains strong, particularly in ongoing infrastructure projects,” said Gifar Indra Sakti, an analyst with PT Sucorinvest Central Gani said. Cement demand rose by 17.7 and 14.5 per cent in 2011 and 2012, res... |
Vietnam output reaches 47Mt in 201218 January 2013, Published under Cement NewsVietnam-based cement manufacturers produced more than 47Mt of cement in 2012, meeting 85.5 per cent of their full year target, according to an announcement by the Ministry of Construction (MoC) on its website. Total dispatches for the year were 53.61Mt, including domestic sales of 45.5Mt – down 7.1 per cent YoY. Cement and clinker exports, however, rose by 30 per cent to 8.1Mt. The MoC underlined the challenges faced by the local cement sector this year including a huge cement inventor... |
Peru’s cement shipments increase 15% in 201216 January 2013, Published under Cement NewsCement deliveries in the Peruvian market reached 9,571,920t in 2012, a 15.4 per cent rise when compared with 2011, according to cement manufacturers’ association Asocem. Exports more than doubled from 67,512t to 200,485t despite a buoyant domestic market. As a result, total cement dispatches expanded by 16.9 per cent to 9,772,404t from the previous year’s 8,361,633t. Senior analyst at the Economic Research Department of Scotiabank, Pablo Nano, said the increased sales of cement in Per... |
Argentina’s 2012 cement shipments fall 7.8% YoY15 January 2013, Published under Cement NewsTotal shipments (domestic and exports) from Argentine cement producers fell 7.8 per cent YoY, according to the latest update from the Asociacion de Fabricantes de Cemento Portland (AFCP). For the 12 months to December 2012, total shipments reached 10.69Mt compared to 11.6Mt achieved in 2011. Sales to the domestic market were down by 8.16 per cent last year to 10.46Mt, compared to 11.39Mt in the previous year. Exports, remained stable in 2012 at 236,807t compared to 235,412t in 2011. ... |
Brazil's domestic dispatches rise 6.9% YoY14 January 2013, Published under Cement NewsPreliminary data and market estimates indicate that in 2012, total sales by Brazilian producers to the local market reached 68.3Mta, representing an increase of 6.9 per cent over 2011 (63.9Mt), latest figures from Sindicato Nacional da Indústria do Cimento (SNIC) show. Imports for the year, according to data obtained from the SECEX / MDIC, totaled 977,000t, down 10.4 per cent on 2011 figures (1,091,000t). Total domestic cement consumption in Brazil in December 2012 reached 5.1Mt, ... |