Cement News tagged under: Weekly Newsletter
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... |
Sino-Zimbabwe kicks off upgrade project10 July 2013, Published under Cement NewsSino-Zimbabwe Cement Company has started the first phase of an upgrade and refurbishment project at its factory situated 40km southwest of Gweru. Work is currently being undertaken on the cement mill and the kiln and is expected to be completed by the end of the year. Following completion of this first phase, clinker production capacity will raise to 0.2Mta. The second phase will focus on upgrading the warehouse and storage facilities and will be completed in the fourth quarter of... |
Pakistan hits domestic dispatch record09 July 2013, Published under Cement NewsPakistan achieved record domestic dispatches in the fiscal year 2012-13 (July-June) as sales crossed the 25Mt mark, 1.1Mt higher than last year’s 23.95Mt. Stagnant exports, however, held back the sector’s overall full-year performance. Accumulated data from the All Pakistan Cement Manufacturers Association (APCMA) showed that total dispatches during the fiscal (including exports) reached 33.43Mt, representing YoY growth of 2.82 per cent. Domestic dispatches accounted for 25.06Mt while 8.37... |
Iranian exports surpass 5Mt mark08 July 2013, Published under Cement NewsIran cement and clinker exports for the first three months of the current Iranian calendar year crossed the 5Mt mark. Exports for the period stood at 5.075Mt, which represented a 50 per cent increase compared to the same period of last year. Cement exports represented 4.21Mt of the total. The country plans to export over 18.5Mt of cement, Mohammad Fatemian, an official with the Industry, Mine, and Trade ministry, had previously said. In the Iranian year ended 20 March, Iran’s cement... |
Indonesia sales growth slows03 July 2013, Published under Cement NewsIndonesian cement sales during the month of May rose at their slowest pace for 17 months as all regions outside Java and Sulawesi registered declines. Following an 8.6 per cent rise in April, nationwide sales during May increased by 2.1 per cent to 4.7Mt, latest data from the country’s leading cement producer Semen Indonesia shows. Sales in Java, which accounts for 55 per cent of the local market, rose by 5.3 per cent to 2.8Mt. On the island of Sulawesi dispatches also increased 12 per... |