Cement News tagged under: Volumes
Argentina’s cement sales drop in November14 December 2012, Published under Cement NewsArgentine Portland cement shipments, including exports, slipped by 0.9 per cent MoM to 982,116t in November after registering two consecutive months of improvement. Domestic sales advance 0.5 per cent to 959,567t when compared with last month, but fell 8.6 per cent YoY, according to the Association of Portland Cement Manufacturers (AFCP). For 11M2012, total shipments declined 7.4 per cent to 9.878Mt with a similar cut noted in the domestic market, where demand stood at 9.663Mt. As... |
BoA-Merrill upgrades India's cement stocks to 'buy'14 December 2012, Published under Cement NewsBank of America-Merrill Lynch upgrades its rating across cement stocks to 'buy' from 'neutral' or 'underperform', saying capacity will lag demand, while valuations are below previous up cycles. The investment adds general elections in the next 18 months bode well for the Indian cement sector given the demand-GDP multiplier expanded in four out of the five previous election years. Among the major cement manufacturers, Bank of America upgraded UltraTech Cement and Ambuja Cements to 'buy'... |
Brazil Jan-November cement demand rises 7.6%13 December 2012, Published under Cement NewsCement consumption in Brazil for the January-November 2012 period reached 63.2Mt, 7.6 per cent ahead of the same period of last year,latest data from Sindicato Nacional da Indústria do Cimento (SNIC) showed. In November alone, sales totaled 5.8Mta, an increase of 3.8 per cent over the same month of 2011, according to the latest statistics In terms of sales by day, November deliveries rose by 2.3 per cent compared to October 2012 figures. According to data obtained by SNIC from the S... |
Iranian cement production reaches 49Mt mark12 December 2012, Published under Cement NewsIn the first eight months of the Iranian calendar year (beginning 20 March) the country’s cement production rose six per cent YoY to 49.14Mt against 46.34Mt in the same period of last year. However, cement production in the period fell short of the 5.09Mt anticipated as output in the month of Aban (the eighth month) missed expectations. Production during the month reached 5.87Mt – less than the 6.42Mt that had been forecast but ahead of the 5.2Mt produced in the period of the previous yea... |
Senegal’s cement output impacted by Mali12 December 2012, Published under Cement NewsThe prevailing socio-political situation in Mali has had a negative impact on cement production in Senegal. In 3Q12, cement output in Senegal fell by 19 per cent QoQ, according to the Dakar-based Directorate of Forecasting and Economic Studies (DPEE). The situation in Mali resulted in an 11 per cent drop of local sales and a 5.7 per cent cut in exports during the period. YoY figures also show a six per cent contraction. ''However, accumulated over the first nine months of 2012, the pro... |
Coboce: Bolivia’s demand growth requires further investment11 December 2012, Published under Cement NewsWithout new investment in the cement industry, Cochabamba and Bolivia as a whole could face new supply shortages by 2016. In the past two years, the country has seen demand growth double from seven to 14 per cent and in some cases, growth peaks of up to 26 per cent were recorded. In 2013, a new plant will be launched but the growing demand, fuelled by the growth of public and private works will require further investment. This year the government announced a US$2bn injection in infrastruc... |
Ecuador November sales advance 11.1 per cent YoY10 December 2012, Published under Cement NewsDomestic cement sales in Ecuador reached 561,534t in November 2012, an increase of 11.1 per cent compared to the same month of 2011, according to the latest data from the Instituto Ecuatoriano del Cemento (INECYC). For the first 11 months of the year, accumulated sales totalled 5.5Mt, representing a 5.8 per cent YoY rise compared to the same period of 2011, INECYC figures shows. |
Angola expansion points to fast growing market10 December 2012, Published under Cement NewsPortugal’s Secil leapt on to the African cement news pages this week with its announced intention to increase production at its Lobito plant in Angola from 0.28Mta to 1.8Mta. This will be a significant boost to the Angolan cement capacity, which currently stands at around 5Mta. The US$150m Secil Lobito expansion project will take three years to complete. The plant is 51 per cent owned by Secil and the Angolan state cement company holds the remaining 49 per cent of shares. After years of ci... |
Cimpor06 December 2012, Published under Cement NewsCimpor's turnover came off by 1.6% to €1,170.6m in the first nine months, and the EBITDA eased by 0.9% to €355.4m, while the trading profit (EBIT) declined by 1.2% to €247.3m. Net financial charges jumped by 185.3% to €83.4m, as change of control clauses led to debt repayments, giving a pre-tax profit 25.9% lower at €163.9m. The tax charge was 2.7% higher at €55.4m. The profit after tax on a continuing basis fell by 35.1% to €108.5m. Net debt at the end of September was 0.3% lower than a ye... |
Buzzi Unicem06 December 2012, Published under Cement NewsBuzzi Unicem's turnover for the first nine months was up by 1.7% to €2,146.3m and the EBITDA increased by 11.7% to €368.7m. The trading profit rose by 29.6% to €198.9m and net financial charges increased by 25.1% to €85.3m. After an 89.3% higher contribution from associates, the pre-tax profit rose by 33.5% to €116.8m. With charges for tax and for minorities increasing more slowly than the pre-tax profit, the net attributable profit jumped by 49.6% to €57.7m. Net debt at the end of Septembe... |