Cement News tagged under: Weekly Newsletter
Philippines: Cemex Holdings Philippines IPO will raise US$526m20 June 2016, Published under Cement NewsCemex Holdings Philippines (CHP), a subsidiary of Cemex, will on Tuesday launch an initial public offering to raise up to US$526m, reports Reuters. The offering would mark the Southeast Asian nation's second and biggest IPO so far this yea r. Cemex Holdings Philippines has secured US$125m from seven cornerstone investors for the IPO, IFR said. Cemex aims to invest US$300m to open additional capacity in the Philippines in 2019. “The new capacity will become operational by the second hal... |
PPC planning for the long term17 June 2016, Published under Cement NewsSouth Africa's cement market expanded 7.7 per cent in 2015, but a more competitive environment including new entrants and imports has placed pressure on incumbents, not least the market leader PPC. The company is now facing short-term funding issues as it seeks to execute new projects in Ethiopia, DR Congo and Zimbabwe, but in the long term a more diversified portfolio will strengthen the company. Updating shareholders this week, PPC reported that operating profits fell by three per cent ... |
Cembureau: European cement output up 0.9% in 201515 June 2016, Published under Cement NewsAccording to the latest figures available, European cement production recorded a moderate growth of 0.9 per cent in 2015, compared to the previous year. This translates into 248Mt of cement in the Cembureau member countries. When put into a global context, of the 4.6bnt produced, Cembureau members accounted for 5.4 per cent. China remained the world’s largest cement producing country, accounting for just over 51 per cent of global production. Individual European markets recorded a mixe... |
PPC sees six-month revenues and volumes flat14 June 2016, Published under Cement NewsIn its trading figures for the six months to 31 March 2016, PPC saw its operating profits fall by three per cent to ZAR733m (US$48m). Revenues were flat at ZAR4501m (US$294m), down one per cent on the same period in 2015. Likewise, volume sales were down one per cent overall, although in South Africa volumes rose by one per cent. Despite higher volumes, revenues in South Africa fell due to lower prices, while in the rest of Africa revenues rose by six per cent to ZAR1367m (US$89m). This f... |
Shipping market set for multi-year recovery13 June 2016, Published under Cement NewsDespite bouncing back from the historic lows seen in February 2016 (290 points on 10-11 February), the Baltic Dry Index (BDI) continues to experience downward trends, as seen in the three-year trend shown in Figure 1. Figure 1: Baltic Dry Index, 6 June 2013-6 June 2016 Under these challenging conditions, some ship owners have resorted to chartering their vessels for less than one third of their operating expenditure (not including financing). This downward pressure since end 201... |
LafargeHolcim plans further asset sales13 June 2016, Published under Cement NewsIt has been revealed that LafargeHolcim is under pressure to find further synergies for the newly-formed cement major. LafargeHolcim was created by a EUR41bn merger last year but is stepping up its post-deal disposal programme with planned asset sales in an another nine countries, claims the Financial Times. Eric Olsen, LafargeHolcim's chief executive, has been prompted by investors to boost the group's performance, which has been hit by severe global pricing pressures and weak economic gr... |
Venezuela: output at 16% of year forecast13 June 2016, Published under Cement NewsVenezuelan cement producers have manufactured around 112,000t of cement in May, according to El Mundo or some 16 per cent of the forecast year total. Industria Venezolana de Cemento (Invecem) reported an output of 52,522 while Venezolana de Cementos (Vencemos) produced 42,200t of its planned 266,000t. At Cement Andino some 29 per cent of the year total, or 16,273t. Fábrica Nacional de Cemento y Cerro Azul represent eight per cent of the month’s production. In the January-April period... |
Semen Indonesia to sell 49% stake in unit13 June 2016, Published under Cement NewsIndonesia's largest cement producer, Semen Indonesia, plans to sell a 49 per cent stake in one of its units to help fund the company's future expansion, according to Investor Daily quoting the firm’s Finance Director, Darmawan Junaidi. The strategic investor will hold the stake for a limited period, tentatively 10 years. However, which subsidiary's stake will be sold remains currently undisclosed. Semen Indonesia has four subsidiaries – PT Semen Gresik, PT Semen Padang, PT Semen Tonasa and... |
Pakistan: producers eye northern construction growth10 June 2016, Published under Cement NewsThis week saw further evidence of resurgent growth in Pakistan’s cement industry as dispatches rose 10.6 per cent YoY. With the All Pakistan Cement Manufacturers Association (APCMA) relating that the growth in cement sales was solely down to higher domestic demand, there is much for the country’s cement producers to be enthusiastic about going forward, especially if they have strong representation in the north. Overall, per capita cement consumption is one of the lowest in Asia at 166kg, off... |
Pakistan: cement dispatches rise 10.6% YoY in year to May 201608 June 2016, Published under Cement NewsCement dispatches in Pakistan totalled 35.5Mt in the period July 2015 to May 2016, up 10.55 per cent on the corresponding period of last fiscal year, the All Pakistan Cement Manufacturers Association (APCMA) has announced. The APCMA reports that the growth in consumption is solely due to higher domestic demand. Overall domestic dispatches from plants in northern Pakistan increased by 16.6 per cent to 24.7Mt. Dispatches from southern plants rose more quickly – by 23.7 per cent – but volume... |