Cement News tagged under: Weekly Newsletter
Spanish consumption sees October drop18 November 2015, Published under Cement NewsCement demand in Spain fell by 2.4 per cent in October 2015 to 1.025Mtt, or 23,716 below the October 2014 level. In the first 10 months of 2015, domestic cement consumption increased 4.3 per cent YoY to 9.56Mt. "The latest data is a significant setback for our industry, which has seen the growth rate of 8.6 per cent noted in the first half year halve in just four months, " said the CEO of Oficemen, Aniceto Zaragoza. |
Infrastructure pick up boosts Indonesia sales16 November 2015, Published under Cement NewsIndonesia's cement sales climbed 10.7 per cent YoY to 6.4Mt in October 2015 as government-related infrastructure development has picked up in the second half of the year, according to the latest data from the Indonesian Cement Association (ASI). Widodo Santoso, Chairman of the ASI, said various infrastructure projects – such as regional government projects as well as smelter and power plant construction – have started and are therefore boosting cement sales. Cement sales only contracted on... |
FLSmidth 3Q order intake increases 16%13 November 2015, Published under Cement NewsFLSmidth reported that its overall order intake increased 16 per cent to DKK5151m in the third quarter of 2015. Meanwhile the order backlog decreased 16 per cent to DKK16,666m. Revenue fell by seven to DKK4609m while EBITA was down by 27 per cent to DKK 358m. Net profit amounted to DKK -84m (3Q14: DKK 215m) The Danish equipment supplier highlighted that reported numbers in 3Q were impacted by strategic changes: Bulk material handling activities to be divested - reported as discontinued a... |
Pakistan: cement industry demands export incentives13 November 2015, Published under Cement NewsAs Pakistan reports a decline in cement export sales over the first quarter of FY16, the local industry body is calling on the government to provide relief measures and incentives to facilitate exports going forward. During first three months of the current fiscal Pakistan exported 1.52Mt of cement and earned export revenue of at US$87.74m compared to 2.42Mt at US$142.78m. This translated to a fall of 36.91 and 38.55 per cent in terms of quantity and value in dollar respectively over 1QFY... |
Morocco: September 2015 sales drop 21%13 November 2015, Published under Cement NewsThe Moroccan cement market contracted by 21 per cent YoY in September as sales fell to 1,029,736t. As a result, total cement sales for the year to date reached 10,508,851t, down 1.4 per cent YoY. The drop in sales is due to the close of construction sites for the Aïd El Kebir holiday as well as the downturn in the real estate sector, which is the largest cement consumer. In terms of regions, Taza-Al Hoceima-Taounat, Rabat-Sale, Greater Casablanca and Tangier-Tetouan recorded declines... |
Cementos Portland to refinance EUR817m debt, reports 9M15 results12 November 2015, Published under Cement NewsCementos Portland is currently analysing “various alternatives” to refinance EUR817m of debt, 59 per cent of its total liabilities, which expires in 2016. "The debt refinancing of the syndicated loan that matures in 2016 is ongoing and the company works in different scenarios with FCC in a coordinated way," said the cement maker on the occasion of the presentation of its quarterly results. Cementos Portland’s debt restructuring process runs in parallel with the plan of FCC to repay EUR45... |
Cemex recognised for environmental disclosure12 November 2015, Published under Cement NewsCemex announced that it was ranked second in the Latin American Climate Disclosure Leadership Index, a ranking compiled by CDP that recognises leading companies in the disclosure of data related to environmental and CO2 emissions performance. Cemex earned this honour for its sound sustainability practices and its comprehensive disclosure, which earned a score of 99 out of 100 for the transparency and completeness of information provided. This is the fourth consecutive year that Cemex was i... |
Bestway Cement 1QFY16 turnover jumps 38%11 November 2015, Published under Cement NewsPakistan's largest cement producer, Bestway Cement Ltd, announced financial results for first quarter from July to September 2015. Turnover on a consolidated basis jumped by 38 per cent from PKR6.8bn to PKR9.4bn (US$89m). This was largely attributed to the acquisition of Pakcem Ltd, an increase in domestic demand and stable retention prices during the quarter. Gross margin of PKR3.7bn grew by more than 50 per cent over the same period last year. Profit before tax for the quarter amounte... |
Titan performs strongly in the USA06 November 2015, Published under Cement NewsTitan's turnover improved by 18.9 per cent to EUR1029.5m in the first nine months of 2015 and EBITDA was up by 12.6 per cent to EUR165.2m, though in the third quarter EBITDA was ahead by just 3.8 per cent, reflecting the weakness in Greece. The trading profit for the nine months was 17.9 per cent higher at EUR80.5m and, after a 14.6 per cent increase in net financial charges and a positive contribution from associates of EUR3.8m as well as a reduced foreign exchange gain, the pre-tax prof... |
Vicat advances well in the USA but France, Italy and Africa weaken04 November 2015, Published under Cement NewsVicat's turnover for the first nine months of the year improved by 1.9 per cent to EUR1883m, which represents an underlying decline of 5.3 per cent. The gearing level was reduced from 46.8 per cent at the end of September last year to 43.7 per cent this time. Turnover in cement was 2.5 per cent higher at EUR1,157m, which represented 53.9 per cent of the group total. Cement deliveries declined by 4.4 per cent to 15.13Mt. The aggregates and concrete turnover improved by 1.8 per cent to EUR6... |