Cement News tagged under: exports
Lafarge Pakistan Cement swings to profit05 September 2012, Published under Cement NewsLafarge Pakistan Cement reported profit after tax of PKR498.916m (US$5.3m) in the first half of calandar year 2012 compared to losses of PKR17.539m in same period last year, boosted by a rise in domestic sales and cost optimisation. Net sales for the period stood at PKR4.784bn against PKR3.684bn in 2011. Its administrative and financial cost increased to PKR278.6m and PKR604.662m from PKR221.613m and PKR481.564m, respectively 1H11. Distribution costs also increased to PKR115.625m from PKR... |
Tanga Cement profit rises 56 per cent, Tanzania31 August 2012, Published under Cement NewsTanzania-based Tanga Cement, part of the Holcim Group, has posted a 56 per cent YoY rise in net profit to TZS15bn (US$9.5m) due to increased exports and stable electricity supplies. Gross profit was also driven by a 14 per cent rise in domestic sales while exports increased 35 per cent YoY. Commenting on the results, acting Chairman, Prof Samuel Wangwe said: "With substantially reduced maintenance and electricity costs, gross profit for the period increased by 40 per cent to TZS30.25b... |
The US recovery is the one bright spot for Titan30 August 2012, Published under Cement NewsTitan’s first half turnover declined by 1.6 per cent to €547.9m and the EBITDA fell by 21.3 per cent to €112.1m, as the cement producer is caught amid a continued downturn it its domestic market of Greece and US operations prove to be its only bright spot. Titan’s trading profit fell 39.5 per cent to €50.5m, but the net financial charge dropped by 54.9 per cent to €20.5m, reducing the fall in the pre-tax profit to 21.8 per cent to €29.5m. The net attributable profit emerged 65.3 per cent l... |
Vietnam Jan-Aug production falls YoY29 August 2012, Published under Cement NewsVietnam is estimated to have produced 36.9Mt of cement in the first eight months of this year, a fall of 5.7 per cent from the same period of last year, according to the General Statistics Office (GSO). Cement output in August is likely to have increased by 14.29 per cent from July to 5.5Mt, the government office said in a report released on Monday. The GSO has revised down its cement output figures for the first seven months of 2012 to 31.4Mt from the previously-estimated 32Mt. Las... |
Improved outlook for Omani cement companies29 August 2012, Published under Cement NewsOman cement companies are set for brighter times ahead as inflows of cheap cement from the UAE decline and demand picks up both in the UAE and the sultanate, according to a report by Global Investment House (GIH). In its GCC cement sector report released on Tuesday, GIH said that Omani cement firms are set for steady growth in the coming quarters as growth in the construction sector leads to a higher cement demand. “The inflow of cheap cement from UAE, which earlier roughly catered to... |
Thang Long Cement plans to increase exports, Vietnam29 August 2012, Published under Cement NewsVietnam-based producer Thang Long Cement JSC plans to double monthly cement exports to Cambodia from its Hiep Phuoc grinding plant to 10,000 due to increased demand in the neighbouring market. Since the start of this year, the company has shipped around 5000t and 2000t of cement to Cambodia and Indonesia, respectively from the grinding facility, according to the company’s director Mai Anh Tai. Thang Long Cement plans to export around a further 150,000t of cement to these two markets betwe... |
Pakistan cement industry earns US$46m from exports in July 201224 August 2012, Published under Cement NewsPakistan's cement manufacturers and exporters exported 545,125t of cement and earned US$46.197m in the first month of current FY12-13, ie July 2012, compared to 612,500t at US$52.064m in June 2012. This reflects a fall of 11 per cent and 11.27 per cent in terms of quantity and value in dollar, respectively, on a MoM basis, according to data released by the government’s Federal Bureau of Statistics. Furthermore, if compared with July 2011 data of 740,592t cement at a value of US$39.074m... |
Argentina July shipments edge ahead YoY14 August 2012, Published under Cement NewsArgentina cement plants shipped 912,106t in July 2012 - including exports - a rise of 0.7 per cent from June but down two per cent from the same period a year ago. According to provisional data of the Association of Portland Cement Manufacturers (AFCP), dispatches destined for domestic consumption totaled 904,169t, 1.8 per cent more than in June but 0.8 per cent below the July 2011 placement. After a fall of 18 per cent between March and April, sales surged 11.3 per cent in May and 1.9... |
Pakistan government urged to facilitate exports09 August 2012, Published under Cement NewsThe Islamabad Chamber of Commerce and Industry (ICCI) has said that Non-Tariff Barriers (NTB) are hampering cement exports and has urged the government to explore new markets for the growth of the industry in the country. Speaking to the Nation, ICCI president Yasir Sakhi Butt, said: “The local cement industry needs attention as its growth is considered a major indicator of economic activity," with regard to decreasing exports. He believes that new export destinations should be explored and... |
Caribbean Cement outlook cautious08 August 2012, Published under Cement NewsCaribbean Cement has cut losses by some 40 per cent to J$578.1m (US$6.5m) for the second quarter of the year and has outlined plans of a new supply contract but remains cautious on its outlook. "The directors consider that the outlook will remain challenging, despite some recent positive indicators of growth in the domestic market for cement and plans for expansion into more lucrative export markets," said Brian Young, chairman, and Dr Rollin Bertrand, group chief executive officer in a j... |