Cement News tagged under: cement demand
SCG Cambodia's revenues rise 15% on strong construction actvity07 February 2019, Published under Cement NewsSCG Cambodia, a subsidiary of the Siam Cement Group, yesterday announced that revenue from sales in 2018 grew by 15 per cent, rising to US$396m. Revenue from sales in 4Q18 reached US$96m, SCG Cambodia said. Cambodia Constructors Association General Manager, Chiv Sivpheng, said demand for construction materials has been rising annually as the kingdom's construction industry grows. With increasing population and urbanisation, Mr Sivpheng said the construction industry is expected to continue ... |
APCMA releases dispatch data for January and 7MFY1907 February 2019, Published under Cement NewsThe Pakistan cement sector posted a double-digit decline of 10.7 per cent in the month of January compared with corresponding month last year, raising alarm bells among producers with a large production capacity, reports the All Pakistan Cement Manufacturers Association (APCMA). The cement industry dispatched 3.646Mt in January 2019 against 4.083Mt in January 2018, says APCMA. The buoyancy in exports stayed on course, increasing by a healthy 67.3 per cent. The industry exported 0.579Mt o... |
Pakistan cement companies expect mixed results for 6MFY1914 January 2019, Published under Cement NewsPakistan cement companies are scheduled to announce their financial results for the second quarter and six months of FY18-19 in coming months. Top cement companies are expected to post a growth of over two per cent QoQ, or 37 per cent YoY decline for 1HFY19. According to a research report of IGI Finex Securities Ltd, based on provisional numbers, volumetric sales depict a modest four per cent YoY growth during 1HFY19, primarily owing to healthy exports growth of 48 per cent YoY, while loca... |
Saudi Arabia's cement sales in October fall 1.8% YoY22 November 2018, Published under Cement NewsSaudi Arabia's cement sales in October, including exports, dropped to 4.03Mt, compared to 4.1Mt in October 2017, a fall of 1.8 per cent YoY. For the first 10 months of the year, cement dispatches slipped to 37.25Mt including exports, compared to 39.96Mt in 10M17, down 5.4per cent, said Al Jazira Capital. Meanwhile, inventories of clinker in the kingdom rose by 19.8 per cent during October 2018 to 41.57Mt YoY. The falling cement demand is largely due to the weaker contract awards in const... |
Lafarge Malaysia records 3Q18 net loss of MYR109m21 November 2018, Published under Cement NewsLafarge Malaysia recorded a net loss in 3Q18 of MYR109.28m (US$26m) down 160 per cent from MYR42.01m in 3Q17. Revenue fell by 14 per cent YoY to MYR495.1m in 3Q18. The decline in earnings was down to lower cement sale and higher operating expenditure. Higher energy prices, as well as the lower production output and timing of the scheduled plant maintenance put pressure on costs. "The decrease was due to the soft market demand and continuing domestic pricing pressures," said Lafarge Malay... |
APCMA shares mixed figures for 4MFY1908 November 2018, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) while reviewing dispatches, profit and progress of cement industry between July and October 2018 shared mixed figures. APCMA's spokesman said that cement industry's profitability has declined considerably due to an increase in input costs, while the construction sector is not posting the anticipated demand. According to APCMA, local dispatches during first four months of this fiscal July-October 2018 shrank by four per cent to 1... |
Central Bank of Pakistan reviews progress of cement industry in FY1819 October 2018, Published under Cement NewsThe State Bank of Pakistan has released its annual report on Pakistan's economy for the fiscal year 2017-18. According to the report, the growth momentum gained further strength as the economy achieved its 13-year highest real GDP growth of 5.8 per cent in FY18. The GDP growth was also broad-based, as all the three sectors – agriculture, industry (including cement) and services – contributed positively to this acceleration, the report highlights. The cement industry, with more than one-fi... |
Indonesia exports reach 3.62Mt between Jan-Aug 201825 September 2018, Published under Cement NewsIndonesia's cement and clinker exports have reached 3.62Mt in the January-August 2018 period an increase of 95.8 per cent YoY, reports Indonesian Investments. According to the Indonesian Cement Association (ASI), cement and clinker exports are now forecast to reach 5Mt by the end of 2018, which is massively up on the original target of 3Mt. In the month of August cement and clinker exports rose by 31.1 per cent YoY to 541,143t, said ASI. Agung Wiharto, corporate secretary of PT Semen Indon... |
Republic Cement Service's president forecasts 8% cement growth24 September 2018, Published under Cement NewsNabil Francis, president of Republic Cement Services Inc, believes that the cement industry in the Philippines can achieve a growth in cement demand of eight per cent this year. The main reason for the increased demand is coming from infrastructure projects, which are expected to grow at 13 per cent. "We are starting to feel the effect of the 'Build, Build, Build programme'...we are starting to feel the pulse of the market beating," said Nabil Francis. Currently, the residential segment ... |
Large housing scheme to raise Pakistan's cement demand04 September 2018, Published under Cement NewsPakistan's Prime Minister, Imran Khan, has chaired a meeting on construction of the '05 Million Housing programme' for of low-cost/affordable housing. The meeting was attended by Yaqoob Izahar, Najeeb Haroon, Arshad Dad, Secretary Housing & Works Dr Imran Zeb Khan, Secretary Law M Justice (R) Abdul Shakoor Paracha and other senior officers. The Prime Minister said that construction of low-cost and affordable '05 Million Houses' is the foremost priority of the government which would not onl... |