Cement News tagged under: international
Cemex UK closes old Thorpe HQ building05 July 2018, Published under Cement NewsThis week Cemex UK's former office headquarters in Thorpe, Surrey, closes after 28 years and Cemex UK's HQ will now be run from Cemex House Rugby. The company has had close links with Rugby for nearly 150 years and today operates one of the most modern cement plants in the world located in the town. The new HQ was the former global head offices for the Rugby Group plc until 2000 and today, the legacy of the company is continued with the brand, Rugby Cement, one of most well-known brands in ... |
Argentine domestic dispatches down 4% YoY in June04 July 2018, Published under Cement NewsArgentina’s cement market contracted by 3.5 per cent to 970,978t in June 2018 from 1.007Mt in June 2017, according to the latest data from AFCP, the country’s cement association. Output from the country’s cement plants slipped 2.8 per cent to 973,743t from 1.002Mt in June 2017. Of this total, 968,676t was delivered to domestic customers, down three per cent when compared with 998,478t in June 2017. However, exports were up 35.7 per cent to 5067t in June. In June 2017 the country’s ceme... |
Tighter margins forecast for Malaysian cement producers in 2H1804 July 2018, Published under Cement NewsMalaysia cement players are receiving warnings from financial analysts that margins are expected to come under more pressure in the coming months, while a contraction of cement demand is forecast for the second half of the year. According to CIMB Research, this is a potential negative for the earnings outlook of cement companies in the second half of the year. "This makes it unlikely for any cement company to initiate a price hike to cover rising operating costs. "For cement players, margi... |
Saudi cement sector expected to record revenue decline in 2Q1803 July 2018, Published under Cement NewsSaudi Arabia’s cement sector is expected to record a fall in revenue in the 2Q18, according to Al Rajhi Capital. The companies monitored by Al Rajhi are expected to announce a revenue decline of around six per cent YoY for the period, while earnings could decrease by approximately 10 per cent. The sector’s sales volume fell 16.7 per cent in the first two months of the second quarter. Across the country, 15 companies have recorded a decline in sales volume, led by Riyadh Cement (-44.1 per c... |
Colombian dispatches slip 2% in May02 July 2018, Published under Cement NewsGrey cement dispatches in Colombia edged down 1.6 per cent in May 2018 to 0.984Mt from 0.999Mt in May 2017, according to the country’s statistics office, DANE. Cement sales were particularly strong in Valle del Cauca, where they rose by 8.3 per cent. However, in Bogotá they declined by 7.5 per cent and in Bolívar by 17.2 per cent. In Antioquia, another key domestic market, dispatches fell by 3.2 per cent. Of the 0.984Mt total, around 51.3 per cent was delivered to the retail market, wh... |
Pakistan: positive expectations for FY1802 July 2018, Published under Cement NewsThe Pakistan cement industry is likely to wrap up FY18 on a positive note. Provisional data show that cement dispatches for June 2018 increased three per cent YoY to 2.81Mt, when compared with 2.73Mt in June 2017, according to a report of IGI Finex Securities Ltd. This brings FY18 dispatches to date to 45.72Mt, up 13 per cent YoY. In the equivalent period of FY17, deliveries reached 40.32Mt. However, MoM a fall of 28 per cent was noted, which was mainly attributed to the holy month of Ram... |
Vietnam’s cement market expands 29% in June27 June 2018, Published under Cement NewsVietnamese cement producers have sold 8.71Mt in June, up 30 per cent YoY, said the Vietnam Building Material Association. Domestic demand reached 6.91Mt, representing a 29 per cent increase when compared with June 2017, including 2.18Mt sold by Vietnam Cement Industry Corp (Vicem). Exports surged by 35 per cent YoY in June to 1.8Mt. In the 1H18 Vietnam’s total cement sales are estimated to have advanced by 25 per cent YoY to 51.42Mt, or 61 per cent of the 2018 target. Vicem sales reached... |
ICRA: India’s FY19 cement output to rise 6% YoY27 June 2018, Published under Cement NewsWith a recovery in the affordable and rural housing markets and infrastructure construction picking up, India’s domestic credit rating agency ICRA expects cement production in India to rise by six per cent in FY19. However, rising input costs will continue to dampen company profits. Output from India’s cement plants reached 298Mt in FY18, a 6.3 per cent rise when compared with the 280Mt. The main share of this growth took place in the second half of the financial year as key markets regi... |
Pakistan Cement industry export revenue rises 9% in May27 June 2018, Published under Cement NewsAccording to Pakistan's Federal Bureau of Statistics, the Pakistan cement industry earned a foreign exchange revenue of US$20.78m by exporting 446,741t of cement in May 2018 compared to US$19.147m on 404,898t of cement in previous month. This represents a MoM growth of 8.6 per cent and 10.3 per cent in terms of value and quantity, respectively. When compared with the figure of May 2017 – earning US$14.863m on 283,193t of cement – cement exports advanced YoY at 39.9 per cent and 57.8 per cen... |
Vietnam's Ministry of Construction develops 2030 industry strategy; country targets 5Mt annual growth26 June 2018, Published under Cement NewsIn his keynote address at Cemtech Asia 2018, Dr Nguyen Quang Cung, President of the Vietnam National Cement Association, highlighted the road ahead for the Vietnam cement industry The government in Vietnam has initiated a comprehensive industry review in an effort to kick-start a step change in efficiency and environmental performance of the industry, as the country targets a domestic consumption growth of 5Mta. “The Vietnam government has instructed the Ministry of Construc... |