Cement News tagged under: Weekly Newsletter
DG Khan eyes new Pakistan plant construction20 February 2015, Published under Cement NewsDG Khan plans to build a US$300m near Karachi as economic growth boosts cement demand in Pakistan. “There will be a shortage domestically in three years if there is 10 per cent growth in demand each year,” Inayat Ullah Niazi, CEO of DG Khan, told Bloomberg in an interview. The new plant near Hub, a city west of Karachi will produce about 2-2.5Mta of cement, Niazi said. Construction is slated for completion in late 2018. Some 40 per cent of the project will be financed through internal... |
US December shipments – preliminary data19 February 2015, Published under Cement NewsPortland and blended cement shipments in December 2014 reached 6.24Mt, preliminary data from the US Geological Survey (USGS) shows. This takes full-year shipments to 88.53Mt, according to the initial indicators. Imports during December amounted to 545,259t, while for the full year they reached 7.31Mt. Clinker production for the final month of the year was 6.46Mt. For the full year clinker output totalled 74.93Mt. The full monthly report will be published in approximately two weeks. |
Peru cement dispatches down 1.7% but 2015 forecast up17 February 2015, Published under Cement NewsPeru’s cement dispatches fell 1.7 per cent in January due to an unfavourable construction climate and the change of local and regional governments, according to the country’s cement association, Asocem. In the first month of this year, 816,000t of cement was delivered – some 14Mt less than the year-ago period. Strong rains impacted on Peru’s building sector. However, cement production increased three per cent YoY as did exports, which saw a 126 per cent rise when compared with January ... |
Oman Cement 2014 profit declines on weaker sales, clinker imports17 February 2015, Published under Cement NewsOman Cement reported a 12.8 per cent decline in net profit on account of weaker sales, lower clinker production and higher volumes of imported clinker, the company said on Monday. Clinker imports were brought in by the company during the year due to one of its kilns being closed temporarily for capacity enhancement. Oman Cement sold 2.078Mt of cement through 2014, down 1.1 per cent compared to 2.1Mt in the same period of last year. In revenue terms, sales were down 2.05 per cent YoY to OM... |
Spain’s cement demand expands 5.2% in January17 February 2015, Published under Cement NewsSpain’s cement consumption rose by 5.2 per cent YoY to 769,838t in January 2015, according to Oficemen, the domestic cement association. The latest figures show an acceleration in growth, which at the end of 2014 stood at 0.4 per cent and noted the first annual increase since 2007. Spanish cement consumption has now registered five consecutive months of YoY increases since September 2014. Industry commentators believe the country has finally turned a corner as improved economic conditions... |
Japanese producers increase exports13 February 2015, Published under Cement NewsJapanese cement producers have increased export levels in a bid to help offset a slowdown in domestic consumption due to a slump in housing investment. According to the Japanese Cement Association, the country’s exports rose by four per cent to 9.11Mt in 2014, marking the first increase in six years. A Nikkei Report stated that Japanese cement makers are heightening exports to tighten the supply-demand balance. Local producers had initially expected domestic demand would increase due to ... |
Indonesia's January sales decline12 February 2015, Published under Cement NewsIndonesian cement sales fell by 2.9 per cent YoY to 4.5Mt in January 2015, as heavy rains affected construction activity in several areas. Most region of the country registered a drop in demand during the month. Widodo Santoso, head of the Indonesia Cement Association (ASI), said that the largest declines were recorded in Kalimantan (-12.9 per cent) and Sumatra (-9.6 per cent). Sales on the main island of Java remained stagnant at 2.55Mt. There was, however, a large rise recorded in the M... |
Australia: Boral swings to profit11 February 2015, Published under Cement NewsBoral Ltd today reported a 23 per cent increase in profit after tax (before significant items) to $112m in the six months to the end of December 2014. After significant items, net profit was $104.5m, compared to a loss of $26.3m in the first half of the 2014 financial year. But turnover for the six months to the end of December declined by 20.5 per cent to AUD22285m (€1561m), largely reflecting the transfer of the plasterboard business to joint venture status. EBITDA was off by 5.5 per ce... |
Martin Marietta Materials boosted by Texas Industries11 February 2015, Published under Cement NewsMartin Marietta Materials, including Texas Industries from mid-2014, saw turnover increase by 34.2 per cent in 2014 to US$2958m and the EBITDA of US$631.2m was 59.9 per cent higher than the figure shown a year ago. The trading profit rose by 44.4 per cent to US$314.9m while the net attributable profit it improved by 12.8 per cent to US$155.6m. Aggregates Martin Marietta's aggregates production rose by 15,3 per cent in 2014 to 134.31Mt (148.0543Mst) while the original business showed a ... |
Cemex may sell parts of business to pay down debt11 February 2015, Published under Cement NewsCemex could sell part of its business in northern Europe, the Mediterranean and Asia as it seeks to pay down debt, the company’s CEO told Reuters on Tuesday. Fernando Gonzalez said the firm could also sell 5-10 per cent of its subsidiary Cemex Latam Holdings, and set aside half of its earnings from asset sales to lower its debt burden. In addition to streamlining the asset portfolio and cutting debt and costs, the measures are aimed at stepping up efforts to recover its ratings in 2015. Th... |