Cement News tagged under: Weekly Newsletter
PPC sees volumes improve and price rises stick19 March 2020, Published under Cement NewsCement-maker PPC said lower levels of capital expenditure has helped offset lower earnings during the 11 months to end-February, with its southern African business starting to show signs of stabilisation even as it continues to face price pressures from increasing exports. The South African coastal business is experiencing a downturn in volumes affected by imports, while inland volumes are showing signs of improvement, the group said in a trading update. It has experienced average price inc... |
Sino Zimbabwe Cement challenged by export competition17 March 2020, Published under Cement NewsSino Zimbabwe Cement has been forced to restrict its business after being outcompeted in export markets by Dangote Cement. Sino Cement has faced stiff competition in the export markets of Zambia and Tanzania. Andrew Gona, Sino Zimbabwe Cement's export manager, said: "We used to export, but the growth of Dangote in the region has pushed us out on competitive grounds. They have built modern plants that are low cost right in the heart of what used to be our export market. "We can supply and s... |
Coronavirus likely to affect Pakistani cement exports to Afghanistan16 March 2020, Published under Cement NewsPakistan's export of cement to Afghanistan through land routes will be affected from today following Islamabad's decision to close the borders with Kabul as preventive measures to curb the spread of coronavirus. According to an official statement, Prime Minister Imran Khan while chairing the National Security Committee meeting on 13 March, had especially requested to review the current status of and Pakistan's response to the coronavirus pandemic. He also called upon the entire nation t... |
Cementarnica Usje sees profit up 22%16 March 2020, Published under Cement NewsNorth Macedonia’s Cementarnica Usje (Titan Cement) has reported a 21.5 per cent YoY rise in profit to MKD1.27bn (US$23.15m) in 2019. Domestic sales advanced 8.2 per cent to MKD3.15bn, while international sales climbed 8.7 per cent to MKD1.64bn. Operating revenue increased by 9.5 per cent to MKD5.03bn. |
Brazilian cement sales stable in February13 March 2020, Published under Cement NewsCement sales in Brazil remained stable at 4.1Mt in February 2020 when compared with February 2019, according to the country’s cement association, SNIC. When compared with January 2020, when sales were weak, there is a 0.5 per cent drop. Sales in the north and southeast continue to impact negatively on the country’s total as heavy rains affect construction activity. In terms of the number of working days, sales rose 7.4 per cent YoY and 5.8 per cent MoM in February 2020. "We had fewer wo... |
Russian market expands 8% in 201911 March 2020, Published under Cement NewsCement consumption in Russia increased eight per cent to 57.8Mt in 2019, according to the country’s cement association, Soyuzcement. Exports by Russian producers expanded by 9.6 per cent YoY to 1.1Mt in 2019 on the back of rising volumes to export markets, which include Azerbaijan, the Baltic states, Belarus and Kazakhstan. However, according to industry sources the unfavourable exchange rate of the rouble is affecting the competitiveness of Russian producers when exporting cement and may ... |
Loma Negra sees net profit advance 35% in 201911 March 2020, Published under Cement NewsArgentina’s Loma Negra has reported a 5.5 per cent YoY decline in revenue to ARS38.95bn (US$660m) for the full-year 2019 period, compared with ARS41.24bn in the previous year. However, net profit surged 34.8 per cent YoY to ARS4.04bn from ARS3bn. Adjusted EBITDA also climbed 2.3 per cent YoY to reach ARS11.21bn. The company’s sales volumes of cement, masonry and lime fell 9.7 per cent overall to 6.04Mt in 2019. Argentina contributed 5.47Mt (-10.6 per cent YoY), while Paraguay saw sales of ... |
Taiwan's cement manufacturers record mixed results10 March 2020, Published under Cement NewsTaiwan’s major cement manufacturers have reported mixed results in the first two months of 2020. Taiwan Cement Corp Taiwan Cement Corp has seen a 1.7 per cent decline in February revenue to TWD5bn (US$166.8m) from TWD5.09bn a year earlier. In the first two months of 2020, total revenue was down 13.7 per cent YoY to TWD12.5bn from TWD14.5bn. Asia Cement Corp Asia Cement Corp has also recorded a 9.9 per cent fall in sales to TWD2.85bn in February, compared with TWD3.17bn in the year-ago... |
Cemex and Buzzi Unicem complete Kosmos Cement sale to Eagle Materials Inc09 March 2020, Published under Cement NewsCemex has divested its 75 per cent share in its partnership with Buzzi Unicem of Kosmos Cement in Louisville, Kentucky, USA, to Eagle Materials Inc. The divestment is for an aggregate amount of US$665m, of which Cemex will receive approximately US$499m. Meanwhile, Buzzi Unicem has sold its 25 per cent share in Kosmos Cement to Eagle Materials Inc. The deal includes the divestment of the Louisville cement plant and seven terminals and raw material reserves. |
LafargeHolcim Bangladesh profits grow in 201909 March 2020, Published under Cement NewsLafargeHolcim Bangladesh has posted profit after tax of BDT1.737bn (US$16.24m) in 2019 as compared to BDT1.115bn in 2018. This represents a growth of 56 per cent in profit after tax YoY, says the cpmany. The company recorded a growth of seven per cent in sales during 2019, which rose to BDT17.840bn from BDT16.632bn during this period. The company also declared 10 per cent cash dividend for 2019, which is the same as in the previous four years, as the cement maker continues to hold steady ... |