Cement News tagged under: Weekly Newsletter
PPC reports 3% decline in first-quarter sales26 January 2016, Published under Cement NewsSouth African cement producer PPC reported a three per cent sales decline in its trading update for the October-December 2015 quarter, citing weak demand and tough competition. Cement sales in the South African business were down by 1.6 per cent while the international businesses recorded an eight per cent drop including low margin cement exports to other African countries, the company said in a first-quarter trading statement released today. Despite the tough South African operating en... |
PCA Regional Forecast: coasts to see strongest cement consumption growth26 January 2016, Published under Cement NewsPCA's recently released Winter 2015-16 State Forecast maintains expectations for the strongest rates of cement consumption growth to occur in the West with YoY growth of six per cent. The South (4.3 per cent) and Northeast (4.2 per cent) are expected to grow roughly in line with national averages for 2016. The Midwest (2.0 per cent), undermined by weak commodity prices, is projected to expand at a sub-national rate. On a Census Division basis, the Pacific (6.5 per cent), South Atlantic (6.3... |
Indonesia: exports offset slower domestic sales22 January 2016, Published under Cement NewsCement industry statistics show that full-year 2015 consumption in Indonesia increased by 0.8 per cent YoY to 60.4Mt, while including exports, sales were up by 2.1 per cent to 61.448Mt. While December 2015 showed a rise in Indonesian sales (+2 per cent including exports) the full-year figures are only modestly higher due to the poor sales in the earlier months of 2015. Exports (with a full-year increase of +209.9 per cent) offset relatively slow domestic sales. The country's largest c... |
Construction output 0.8% in euro area21 January 2016, Published under Cement NewsIn November 2015 compared with October 2015, seasonally-adjusted production in the construction sector increased by 0.8 per cent in the euro area (EA19) and by 0.7 per cent in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In October 2015 production in construction grew by 0.6 per cent in the euro area and by 0.2 per cent in the EU28. In November 2015 compared with November 2014, production in construction expanded by 2.1 per cent in the ... |
UltraTech 3Q revenues rise 5%20 January 2016, Published under Cement NewsIndian cement major UltraTech Cement reported five per cent revenue growth for the 3QFY15-16, driven by seven per cent volume growth while the cement pricing environment remained subdued. During the September-December 2015 period, consolidated net sales increased to INR61.08bn (US$898m) versus INR58.32bn in the corresponding period of the previous year. EBIT stood at INR12.45bn, up by 18 per cent YoY from INR10.58bn. Profit after tax soared by 36 per cent compared to last year (INR5.46bn... |
Holcim Indonesia completes acquisition of Lafarge Cement Indonesia20 January 2016, Published under Cement NewsHolcim Indonesia Tbk has acquired Lafarge Cement Indonesia, following the merger of the two parent companies. The company has signed a conditional purchase agreement with respect to the purchase of all the shares owned by Financière Lafarge SA of Lafarge Cement Indonesia on 29 December 2015. Closing of the transaction is dependent on the fulfillment of several conditions, including approval by relevant authorities. The company received funds from Holderfin BV – SMCB's controlling... |
Vicem sales climb 4.2% in 201519 January 2016, Published under Cement NewsState-owned Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, said it sold about 22.97Mt of cement and clinker in 2015, rising 4.2 per cent from a year ago and fulfilling 96.3 per cent of the whole-year’s target. Of the volume, 20.87Mt of cement and clinker were sold in domestic market, up 11.2 per cent YoY, and 2.1Mt were exported, down 35.9 per cent. In 2015 Vicem’s clinker production climbed 3.8 per cent YoY to 17.12 Mt, while its cement output rose ... |
Egypt’s IDA invites new plant tenders18 January 2016, Published under Cement NewsEgypt’s Industrial Development Authority (IDA) has invited tenders by local and international companies interested in constructing cement plants with a capacity of 2Mta in various governorates. The new production licences are for the construction of new facilities in Beni Suef, Minya, Qena, Sohag, Aswan, El-Wadi el-Gedid, Suez, Marsa Matrouh and South Sinai, according to a report published by Ahram news yesterday. The tender documents are to be issued from 20 January 2016 until 10 Febru... |
HeidelbergCement issues EUR625m of debt certificates15 January 2016, Published under Cement NewsHeidelbergCement has successfully issued debt certificates in the amount of EUR625m, thereby further strengthening its financing structure. Due to high demand, it was possible to significantly increase the issue volume from initially EUR400mto EUR625m, the German building materials major highlighted. The newly-issued debt certificates, with a maturity date of 20 January 2022, consist of two tranches: one tranche with a floating rate and the other with a fixed rate. The fixed rate tranche yi... |
Vietnam sales up three per cent in 201515 January 2016, Published under Cement NewsCompanies in Vietnam sold 72.71Mt of cement and clinker in 2015, rising three per cent from a year earlier and exceeding the whole-year target by one per cent, the country's Ministry of Construction said. Of the total, 56.5Mt of cement were sold at the domestic market, up 11.1 per cent YoY, while 16.25Mt were exported, falling 17.3 per cent YoY and failing to realise the full-year export target of 20Mt. During the year the two cement plants were inaugurated, raising the total number of ... |