Cement News tagged under: Weekly Newsletter
Geopolitics and tightening supply to impact oil prices in 2018-1918 May 2018, Published under Cement NewsGlobal oil supply and demand balances are expected to tighten over the next 18 months, driven by the continued collapse of Venezuelan output, according to Bank of America Merrill Lynch (BOAML). A collaboration between OPEC and Russia to set a floor on oil prices with a reduction of oil output cuts by these countries of 450,000bpd from 3Q18 to 4Q19 is also expected to play its part in squeezing availability. In addition, higher interest rates and a stronger US dollar are forecast provide near... |
JK Lakshmi reports 62% rise in standalone net profit17 May 2018, Published under Cement NewsJK Lakshmi Cement reported a 62.3 per cent YoY rise in standalone net profit to INR338.4m (US$4.99m) in the 4Q18. The company’s total income saw a slight decrease of 0.8 per cent to INR9.23bn, compared with INR9.31bn seen in the year-ago period. However, the company has stated the results in the two periods are not comparable. "With introduction of GST, revenue from operations for current quarter and year are not comparable with corresponding quarter and year, since sales in current ye... |
US and Puerto Rican cement markets contract in February16 May 2018, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto rico in February contracted by 3.6 per cent YoY to 5.8Mt, according to the US Geological Survey (USGS). The leading cement-consuming states – Texas, California, Florida, Georgia and Arizona – received about 50 per cent of total shipments. The leading producing states were California, Texas, Florida, Missouri and Alabama (in descending order). Masonry cement shipments declined by 6.5 per cent YoY to 169,000t in Februar... |
Peru's cement demand up 14% in April16 May 2018, Published under Cement NewsPeru’s cement market expanded by 13.5 per cent YoY in April 2018 as cement deliveries reached 0.817Mt, according to the latest data from the country’s cement association, Asocem. When compared with the previous month when 0.816Mt was dispatched, a more stable picture emerges. Deliveries by domestic producers rose by 8.6 per cent YoY in April 2018 as they reached 0.759Mt. However, when compared with the previous month, such dispatches slipped one per cent from 0.767Mt. Domestic supply w... |
CMS sees 51% rise in profit15 May 2018, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Bhd (CMS) has reported a 15.4 per cent rise in unaudited revenues to MYR354.987m (US$89.7m) in the quarter ended 31 March 2018 from MYR307.679m in the corresponding quarter of 2017. Profit before tax rose 27.8 per cent from MYR44.852m in 1Q17 to MYR56.958 in 1Q18 while profit attributable to ordinary shareholders of the parents advanced by 50.7 per cent to MYR38.977m from MYR25.864m in 1Q17. “For FY2018, we also expect to see upsides for quarry produc... |
Spanish cement demand growth decelerates15 May 2018, Published under Cement NewsCement demand in Spain saw its growth slow to 7.6 per cent in March 2018, when compared with the previous month, according Oficemen’s Cement Demand Index (IDC). For the rolling year, from April 2017 to March 2018, consumption rose to 12.4Mt, an increase of 0.9Mt when compared with the same period in the previous year. While the latest market expansion represents 13 months of growth, the March data point to a strong deceleration of growth. Oficemen has attributed this slowdown to the effe... |
Buzzi Unicem hit by poor weather and early Holy Week11 May 2018, Published under Cement NewsBuzzi Unicem's first-quarter turnover declined by 8.4 per cent to EUR539.1m as a harsh winter took its toll in many countries. Net debt at the end of March was 3.9 per cent higher at EUR896.2m, while capital expenditure was increased by 6.3 per cent to EUR52.3m. Cement deliveries eased by 1.6 per cent to 5.1Mt, while group ready-mixed concrete deliveries declined by 6.3 per cent to 2.4Mm³. The Italian turnover improved by 8.3 per cent to EUR103m, thanks to the inclusion of the former Cem... |
Siwertell AB under new ownership11 May 2018, Published under Cement NewsIn a new agreement Cargotec and JCE Invest AB have established a new joint venture, Bruks Siwertell Group (BSG), specialised in dry bulk handling. BSG will own Siwertell AB, which was previously part of Kalmar Business Area within Cargotec, and BRUKS Holding AB, previously part of JCE Group. Both companies are world-leading suppliers of bulk materials handling solutions. Cargotec will own 48 per cent of the shares in Bruks Siwertell Group with the balance of shares owned by JCE Invest AB.... |
Kyrgyzstan produces 1.503Mt of cement in 201710 May 2018, Published under Cement NewsKyrgyzstan produced 1,503,400t of cement in 2017, according to data of the country’s National Statistics Committee.This represents a 16.6 per cent YoY rise. Cement production in 2016 reached 1,289,000t, a 13.9 per cent drop following an output of 1,496,400t in 2015. The top three companies contributing to the country’s treasury were CJSC South-Kyrgyz Cement (KGS420.9m/US$6.1m), JSC Kant Cement Plant (KGS62.4m) and LLC Southern Combine of Building Materials (KGS115.6m). Retail price... |
Sumitomo Osaka Cement sees 4% revenue rise in FY17-1810 May 2018, Published under Cement NewsJapan-based Sumitomo Osaka Cement Co reported a 4.4 per cent rise in group revenues to JPY244.93bn (US$2.23bn) for FY17-18 ending March 2018 from JPY234.06bn in the previous financial year. Operating profit fell -11.8 per cent from JPY21.53bn in FY16-17 to JPY18.99bn in FY17-18 while pretax profit slipped 9.6 per cent to JPY20.15bn from JPY22.63bn in the same period. The company’s net profit was 9.6 per cent lower at JPY14.66bn in FY17-18 from JPY16.21bn in FY16-17. Sumitomo Osaka Ceme... |