Cement News tagged under: consumption
Jaiprakash Associates downgraded, India31 July 2013, Published under Cement NewsTwo brokerages have downgraded Jaiprakash Associates Ltd, days after Deutsche Bank also cut its ratings and earnings estimates for the India-based cement producer. Morgan Stanley has downgraded Jaiprakash to "equal-weight" from "overweight", citing worsening headwinds for cement profitability, a reduced likelihood of the Reserve Bank of India (RBI) cutting interest rates and a lack of asset sales so far to meaningfully reduce debt levels. Citigroup, meanwhile, has cuts the company to "... |
Philippine 2Q13 cemend demand increases 8.8%30 July 2013, Published under Cement NewsPhilippine cement sales rose 8.8 per cent in the second quarter of 2013, data from the Cement Manufacturers Association of the Philippines (CeMAP) showed yesterday. Sales in the second quarter increased to 5.349Mt sold from 4.915Mt in the same period last year. Cement sales in the first half of the year also rose by 6.2 per cent to 10.136Mt from 9.546Mt in the corresponding period of the year before. |
Bali APEC construction projects boost Holcim Indonesia sales25 July 2013, Published under Cement NewsDespite some parts of Indonesia recently witnessing a slowdown in sales this year, Holcim’s local sales have been boosted by construction growth in Bali ahead of the Asia Pacific Economic Cooperation (APEC) conference to be held on the island later this year. “Nationally, this year’s cement sales growth has tended to slow down but we have been able to take advantage of construction growth in Bali,” Holcim vice president Juhans Suryantan, told Antara news agency. He said the company wou... |
Jordanian producers strive to increase competitiveness22 July 2013, Published under Cement NewsOvercapacity in the Jordanian cement market is forcing local firms to increase competitiveness amid a challenging operating environment, according to the general manager of Jordan's most recent market entrant. Speaking to the Jordan Times, Basem Zabian of Northern Cement Co, said that cement capacity currently stands at about 10.5Mta while cement consumption is 3.7Mt. and is expected to rise to 4Mta this year. This 6-7Mta of demand-supply imbalance is leading to cost cutting measures a... |
Brazil’s first half-sales edge ahead18 July 2013, Published under Cement NewsBrazilian cement sales in the first half of 2013 rose 1.6 per cent to 33.6Mt, latest data from local association Sindicato Nacional da Indústria do Cimento shows. In June 2013, sales reached 5.5Mt, representing a rise of three per cent compared to the same month of last year. Cumulative sales for the 12 months between July 2012 and June 2013 reached 68.9Mt, representing a growth of 3.2 per cent over the previous period (July 2011-June 2012). |
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... |
Supplying Africa16 July 2013, Published under Cement NewsThe Nigerian cement industry is developing at breakneck speed, with a drive that reaches beyond the country’s borders. At the forefront of this trend is locally-based Dangote Cement. Speaking at the Cemtech Middle East and Africa Conference held earlier this year, CEO DVG Edwin highlighted the company’s track record and its plans to expand its operations not only in Nigeria, but further afield in other west and central African markets. Dangote invested heavily in truck haulage and mod... |
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.... |
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... |
Searching for Mediterranean sun03 July 2013, Published under Cement NewsThe Mediterranean delivered a mixed bag of results in 2012. While southern Europe (France, Greece, Italy and Spain) tightened their belts as the eurozone crisis hit home and recorded an average 21 per cent drop in cement consumption, the Egypt and Levant area fared better. The two heavyweights in the eastern Mediterranean, Egypt and Turkey, noted five and 3.8 per cent demand increases, respectively. The Maghreb countries of Algeria, Libya, Morocco and Tunisia recorded an overall 8.7 per cent... |