Cement News tagged under: Weekly Newsletter
Argentina’s cement market expands 23% in October 201706 November 2017, Published under Cement NewsIn October Argentina cement producers delivered 1,150,386t of cement, including exports, according to the Argentine cement producers association, AFCP. This represents a two per cent rise MoM and 23.2 per cent YoY. Of this total, domestic deliveries stood at 1,141,190t, up 23.3 per cent YoY, while exports increased 14.5 per cent YoY to 9196t. When compared with September 2016, domestic dispatches were up 1.8 per cent from 1,121,423t and exports 41.1 per cent from 6517t. Domestic demand ed... |
ASI: Indonesia cement sales up 7%02 November 2017, Published under Cement NewsFor the first nine months of 2017, cement consumption in Indonesia rose 6.6 per cent to 47.432Mt from 45.504Mt, according to the Indonesian Cement Association (ASI). The data reflects sales by ASI members only. Demand in Java increased 11.3 per cent to 26.962Mt YoY while the off-take from ASI members in Sumatra showed a 4.2 per cent rise to 9.988Mt and in Nusa Tenggara, ASI members supplied 2.687Mt (+2.1 per cent) in 9M17. The Kalimantan market contracted by 5.8 per cent in the period to 2... |
August cement shipments in the US up 3%02 November 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in August 2017 reached 9.7Mt, an increase of 3.1 per cent when compared with August 2016, according to the latest data from the US Geological Survey (USGS). The leading cement-consuming states – Texas, California, Florida, Ohio and Illinois (in descending order) – accounted for a 37 per cent of August 2017 shipments. The leading producing states during this period were Missouri, Texas, California, Florida and Michigan... |
Siam Cement Pcl sees 16% fall in profit01 November 2017, Published under Cement NewsSiam Cement Pcl reported a 16 per cent fall in 3Q17 net profit on Wednesday due to weak demand and lower margins in its chemical and packaging segments. According to a poll by Thomson Reuters, the net profit for the third quarter was THB11.84bn (US$357.06m) thereby missing expectations of THB14bn. Revenue from sales rose seven per cent to THB112.43bn. Domestic cement volume sales were also down two per cent YoY. Revenue from Vietnam, Indonesia and the Philippines helped by increasing profi... |
Pacasmayo reports 6.7% rise in 3Q income01 November 2017, Published under Cement NewsCementos Pacasmayo increased its deliveries of cement, concrete and blocks by 4.8 per cent YoY in 3Q17 due to a higher level of self-construction activity and the recovery in public spending towards the end of the quarter. The Peru-based cement producer reported a 6.7 per cent YoY advance in income to PEN334.7m (US$103m) as a result of increased sales volumes and higher prices. Consolidated EBITDA increased 38.9 per cent QoQ to PEN107.2m and the EBITDA margin rose from 27.6 per cent in 2Q1... |
Loma Negra sets its IPO at US$19/ADS01 November 2017, Published under Cement NewsLoma Negra Cia Industrial Argentina SA said on Tuesday its initial public offering was priced at US$19 per American Depository share (ADS), raising about US$954m (US$40.4m). The US$50.2m ADS offering was priced at the top of the proposed range of US$15 to US$19, with each ADS representing five common domestic shares. Most of the proceeds will go to InterCement Brasil SA, Brazil’s second-largest cement producer, which owns 99 per cent of Loma Negra. The rest will go to Loma Negra, the c... |
Holcim Philippines breaks ground on Kalayaan project30 October 2017, Published under Cement NewsHolcim officials broke ground at its Davao plant, where two major projects are being undertaken to raise the works’ production capacity from 1.4Mta to 2.2Mta. The PHP1.5bn (US$29m) Kalayaan project will see the automation of loading of its products from ship-to-dock and an increase in grinding project. The Davao expansion is part of Holcim Philippines’ PHP2.7bn investment to raise its domestic cement capacity to 12Mta from the current 10Mta. The increased capacity will allow the compan... |
Cemex 3Q17 net sales total US$3.5bn27 October 2017, Published under Cement NewsCemex announced that its consolidated net sales reached US$3.5bn during the 3Q17, representing an increase of two per cent, or an increase of one per cent on a like-to-like basis, versus the comparable period in 2016. Operating EBITDA decreased by eight per cent during the quarter to US$702m versus the same period in 2016. Fernando A Gonzalez, Cemex Chief Executive Officer, said: "We are pleased with the double-digit, year-to-date growth in operating EBITDA in our two largest markets: Mex... |
Eagle Materials Inc 2Q fiscal 2017 cement volumes rise26 October 2017, Published under Cement NewsEagle Materials Inc reported that in its financial results for the 2Q fiscal 2017, ended 30 September 2017, cement volumes were up 12 per cent, including the Fairborn business, while the Texas Lehigh cement joint venture volumes were down six per cent. The company also benefitted from cement prices being up seven per cent overall. Second-quarter EBITDA increased five per cent, reflecting the financial results of the recently-acquired cement plant in Fairborn, Ohio, and related assets (the... |
GCC reports 16% sales boost in 3Q results25 October 2017, Published under Cement NewsGrupo Cementos de Chihuahua announced its results for the third quarter of 2017, which reflect the successful integration of the operations acquired in Texas and New Mexico late last year as well as favourable pricing in the US and Mexico, and progress in implementing the company’s growth strategy. Total sales increased 15.9 per cent YoY to MXN4.968bn (US$258.8m) in 3Q17 from MXN4.288bn. The company’s 3Q EBITDA saw a similar rise to MXN1.421bn, up 14.2 per cent from MXN1.245bn. Margins sli... |