Cement News tagged under: Weekly Newsletter
Indonesia: January sales decline on floods10 February 2014, Published under Cement NewsCement sales in Indonesia declined by 0.3 per cent to 4.64Mta as heavy rains triggered extensive flooding, causing disruption to construction activity and distribution networks. Cement sales in Java fell by two per cent to 2.5Mt, state-owned Semen Indonesia announced on its website, citing data from the Indonesian Cement Association. Sales in Sumatra, Indonesia's second-largest market, dropped by one per cent to 1.02Mt. Semen Indonesia maintained its market share of 44 per cent. Its sub... |
US Jan-November cement shipments up 4% YoY07 February 2014, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico in November 2013 were 6.56Mt, down slightly from the same month of the year before. The latest data from the US Geological Survey shows shipments for the year through November were 76.9Mt, up by about four per cent YoY. The leading Portland cement producing states in November were Texas, California, Missouri, Florida and Pennsylvania in descending order, receiving about 37 per cent of the November total ship... |
Eurocement eyes Belarus cement investment06 February 2014, Published under Cement NewsThe Eurocement Group of Russia is ready to invest US$70-80m to upgrade cement production facilities in Belarus, Minister of Architecture and Construction, Anatoly Chernyi, told a press conference. "Eurocement Group suggested helping us to switch the cement production plants from the wet-process of cement production to the dry-process,” the minister said. Further negotiations will be held between the participants of the project to upgrade the facilities until 2017 with the use of the Russia... |
China prices seen rising over 2014-1506 February 2014, Published under Cement NewsCement prices in China are expected to increase by 10 and five per cent in 2014 and 2015, respectively, according to research report by HSBC. As a result, higher prices as well as lower coal costs may offset rising costs from environmental protection monitoring, the bank expects. It expects gross profit in 2015 for cement companies to rise by 59 per cent compared to 2012. Over the next two years, the bank predicts the compound earnings growth of the cement sector would reach 35 per cent. C... |
Eagle Materials boosted by acquisition05 February 2014, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2013 rose by 37.2 per cent to US$757m. The trading profit before corporate overheads increased by 67.5 per cent to US$184.7m, of which cement contributed 41.9 per cent. The trading profit advanced by 96.8 per cent to US$166.3m. After a net interest charge 27.6 per cent higher at US$14.2, the pre-tax profit jumped by 107.3 per cent to US$152m and the net pr... |
Pakistan: cement exports drop05 February 2014, Published under Cement NewsPakistani cement exports to Afghanistan dropped to 202,000t in January 2014, the lowest monthly level since July 2013 when they reached 441,412t. Previous data by the All Pakistan Cement Manufacturers' Association (APCMA) shows that in September 2013, exports rose to 426,804t before falling to 287,598t in November and then increasing again in December to 314,329t The decline in exports to Afghanistan, traditionally Pakistan's main export market, has been attributed to looming uncertai... |
Philippines: cement prices start to rise04 February 2014, Published under Cement NewsLocal cement manufacturers raised prices from 1 February 2014 by an average of PHP8/40kg (US$0.17/40kg) bag of cement to PHP220 (US$4.85) from PHP212 (US$4.67) per bag amid strong demand for cement on huge government infrastructure projects on top of buoyant construction activities from the private sector. Cemex Philippines was the first to implement the price increase as part of its scheduled annual price rise. The two other multinational players, Lafarge Republic Inc and Holcim Philipp... |
Namibia: Ohorongo sees output rise in 201331 January 2014, Published under Cement NewsThe Ohorongo cement works in Namibia saw its output rise by 23 per cent in 2013 after a muted 2012 production. While the company experienced a difficult business environment in 2012 with imports from Asia capturing a large share of the market, last year saw an improved scenario. The cement producer supplied product to multibillion dollar construction projects such as the Husab uranium mine and the Grove shopping centre. The outlook for 2014 continues to be positive. "In the future, la... |
Philippine cement sales advance 6% in 201330 January 2014, Published under Cement NewsPhilippine cement sales increased by 5.9 per cent YoY on the back of increased infrastructure activity, the Cement Manufacturers Association of the Philippines (CeMAP) has said. Local cement producers saw sales grow to 19.4Mt from 18.4Mt the year before, according to Ernesto M. Ordoñez, president of CeMAP. In the fourth quarter alone, cement sales advanced by 2.1 per cent to 4.5Mt from 4.4Mt a year earlier. Mr Ordoñez attributed the increase to “continued confidence in government and la... |
Port-Daniel cement investment, Canada30 January 2014, Published under Cement NewsCanada is expected to contribute CAD350m (US$313m) to build a 2Mta cement plant in Port-Daniel. The investment, will take the shape of repayable loans and participation, Pauline Marois, premier of the Québec government, is expected to announce on Friday. The balance of the CAD1bn project will be financed by Ciment McInnis and the Beaudier group. Construction work is expected to start later this year. It is envisaged that the construction will employ 2000 people while the plant will offe... |