Cement News tagged under: Weekly Newsletter
Argos sees higher volumes in 1H1323 July 2013, Published under Cement NewsCementos Argos has reported a rise in cement volumes for the six months to the end of June 2013 and expects activity in its domestic market of Colombia to accelerate after a slow start in the first three months. In the 1H13, Argos reported consolidated EBITDA of COP476bn (US$253m), representing an increase of 25 per cent compared to the same period in 2012, while revenues rose nine per cent YoY. During the period cement dispatches increased by one per cent to 5.5Mt while concrete volumes ... |
Spain registers further market contraction17 July 2013, Published under Cement NewsThe Spanish cement market registered a 24 per cent YoY drop in the first half of 2013 and the decline is expected to continue through the remainder of the year. In the first six months of 2013 domestic cement sales were 5,472,933t, latest data from local cement association Oficemen shows. On the supply side, Spain produced 6,459,917t of cement, representing a fall of 22.2 per cent. In June 2013 alone, Spanish consumption fell a further 23 per cent YoY to 972,421t in the same month of... |
CSI reports encouraging carbon reduction data16 July 2013, Published under Cement NewsThe World Business Council for Sustainable Development (WBCSD)’s Cement Sustainability Initiative (CSI) has published the latest update to the ‘Getting the Numbers Right’ database, which shows significant CO2 emissions reductions and improved efficiency. As the cement industry’s global database of CO 2 emissions and performance, the latest ‘Getting the Numbers Right’ (GNR) data for 2011 shows that the industry has reduced its specific net CO 2 emissions per tonne of cementitious product ... |
Prosperity Minerals confirms merger offer, China16 July 2013, Published under Cement NewsProsperity Minerals Holdings Ltd confirmed that it has received an initial approach from Prosperity International Holdings Ltd with a view to a possible offer being made for the company at a price no higher than 130 pence per ordinary Prosperity share. Prosperity International stated that it will, by not later than the 28th day following its announcement on 15 July either, confirm its intention to make an offer, or state that it does not intend to make an offer. Prosperity International hol... |
Indonesia sales reaccelerate in June15 July 2013, Published under Cement NewsCement sales in Indonesia have reaccelerated in June following a slowdown in the previous month as demand recovers outside of Java. However, a more reduced growth rate is expected through the second half of the year due to a decline in infrastructure development. Industry sales rose 9.2 per cent to 4.Mt in June, according to the latest data from the country’s leading cement producer Semen Indonesia, citing data from the Indonesian Cement Association. This was compared to growth of just 2.... |
US April shipments decline marginally15 July 2013, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico in April 2013 were about 6.7Mt, slightly down from the same month of the previous year, latest data from the US Geological Survey shows. Shipments for the year through to April were 22Mt, essentially unchanged on an annual comparative basis. The leading Portland cement-producing states in April (in descending order) were Texas, California, Missouri, Florida and Pennsylvania and these shipped about 46 per cent of the t... |
Fitch affirms Lafarge's BB+ rating, France15 July 2013, Published under Cement NewsFitch has affirmed at BB+ the long-term issuer default rating (IDR) of Lafarge as well as its senior unsecured rating. The long-term IDR's outlook is stable. The affirmation reflects Fitch's expectation that Lafarge will be able to deleverage quickly in 2013 reaching credit metrics in line with the current rating, despite debt in 2012 being higher than Fitch's expectations and leverage being stretched for the current rating level. Recovery in the US, positive trends in emerging markets and... |
Siam Cement 2Q13 earnings growth forecast12 July 2013, Published under Cement NewsSiam Cement Co is expected to report YoY robust earnings growth thanks to impressive performances from its three core businesses including its cement division. KGI Securities expect SCC to report a 2Q13 net profit of THB8.8bn, up 106 per cent YoY and 0.2 per cent QoQ. ? In terms of its cement division, concerns about a delay to the government's THB2tn borrowing bill would impact sentiment for the cement unit but not the actual demand for building materials. This is thanks to steady sp... |
Vietnam first-half sales update11 July 2013, Published under Cement NewsFor the first six months of the year, Vietnam sales were 22.68Mt, according to latest data from the Ministry of Construction (MoC). The amount represents 46.8 per cent of the full-year target, the MoC added. Output stood at 24.7Mt, making up 44.1 per cent of its whole year target. In June, Vietnam’s cement output stood at 4.3Mt, down 14.51 per cent from May. The country’s domestic cement sales also plunged in the period due to the rainy season in the southern region. With overcapacit... |
ARM's 1H13 pretax profit rises 28%, Kenya10 July 2013, Published under Cement NewsAn increase in sales has helped ARM Cement, Kenya's second-largest cement producer, to achieve a double-digit rise in pretax profit. Pretax profit for the six months ended June jumped to KES1bn (US$11.51m), a rise of 28 per cent YoY, the company said in a statement. Cement sales rose by 28 per cent YoY in the reporting period. The company, which operates a 0.75Mta clinker plant at Kaloeni, near Mombasa, and a 1Mta grinding works in Athi River, has a total grinding capacity of 1Mta. It... |