Cement News tagged under: international
China: first half profit concerns09 July 2012, Published under Cement NewsWith disappointing economic data emanating from China recently, a number of domestic cement producers have issued profit warnings for the first half of 2012 of between 30-50 per cent. While some of these manufacturers have reported improving market demand since the second quarter, pressure on cement prices is likely to persist. An increasing number of Chinese companies across the board are feeling the pinch of a slowdown in the overall economy as investment, factory output and retail sale... |
Pakistan’s full-year domestic dispatches rise 8.84%06 July 2012, Published under Cement NewsPakistan has closed fiscal year 2011-12 (FY11-12) with an 8.84 per cent YoY rise in local dispatches, however exports for the year have seen their third successive year of decline and capacity utilisation remains under pressure. Domestic dispatches for the fiscal year, which ended on 30 June 2012, reached a record 23.947Mt, data from the All Pakistan Cement Manufacturers Association (APCMA) shows. However, exports declined by 9.12 per cent to 8.568Mt, marking the third consecutive yea... |
Swiss second quarter deliveries fall06 July 2012, Published under Cement NewsIn the second quarter of 2012, Swiss deliveries fell by 3.2 per cent when compared with the previous year, figures from local cement association Cemsuisse show. Deliveries for the year to June are 11.4 per cent lower than the same period of last year. This value can be attributed to a fall of around 22 per cent in the first quarter; due to a prolonged cold spell. |
Thang Long Cement sales reach 1.3Mt in 1H1206 July 2012, Published under Cement NewsVietnam-based producer Thang Long Cement JSC sold almost 1.3Mt of clinker and cement in the first six months, Thanh Nien reports. The firm has exported over 5000t of cement to Cambodia this year. |
Cementir entering Britain05 July 2012, Published under Cement NewsThe Italian cement and aggregates group Cementir is entering the British market – not in cement or aggregates, but in waste management through its Turkish subsidiary Recydia. In Turkey, Recydia collects refuse to burn in its immediate parent's cement kilns. Recydia has invested GBP8.9m (€11m) in buying a company collecting and recycling municipal and industrial waste in Manchester, Liverpool and Lancashire in the north of England. The burning of waste in Britain's cement kilns has, ... |
Egypt set to resume cement license programme05 July 2012, Published under Cement NewsThe Egyptian government is to start resuming its cement licensing programme to attract investment, particularly foreign interest, according to an official at the Ministry of Finance. Reports in the Daily News, Egypt, state that the source noted that the “economic group of ministers prepared a plan to offer new cement licenses. The plan is the same prepared by the Industrial Development Authority (IDA) which was never implemented. The source estimated that the plan aims to yield EGP400m in... |
Argentina’s June shipments rise MoM05 July 2012, Published under Cement NewsDuring June 2012, Argentina shipped 906,263t of cement, including exports, representing an increase of 1.9 per cent compared to May 2012, data from the Asociación de Fabricantes de Cemento Portland (AFCP) showed. However, compared to June 2011, volumes were down 1.3%. Domestic consumption was 888,146t, a rise of 1.9 per cent over the previous month and an increase of 0.1 per cent compared with June 2011. |
UBS initiates Italcementi with ‘Sell’05 July 2012, Published under Cement NewsUBS has initiated Italcementi at sell with a target of EUR3.40, reports from Dow Jones show. UBS cites a negative view of the cement maker's core Italian market, underwhelming cash flow generation, among other factors. "We expect Italian cement volumes to fall 20% in FY12," it says. "Italcementi is trading at a near 15-year low, following a peak-to-trough EBITDA decline of circa 52%. The shares are highly leveraged (financially and operationally) to a stronger economic environment." UB... |
Vietnam first-half output seen down04 July 2012, Published under Cement NewsVietnam produced 27.3Mt of cement in the first half of this year, down 5.9 per cent from a year earlier, the government’s General Statistics Office (GSO) showed. During June, the country produced 5.5Mt, an increase of 15.8 per cent YoY, the GSO said in its monthly report. The office has also revised down the country’s output during the January-May period to 21.8Mt from a previously-estimated 22.5Mt. Last year Vietnam produced and sold 49.3Mt of cement. It imported 1.15Mt of clinker ... |
South Africa’s first-quarter sales rise 6.7%04 July 2012, Published under Cement NewsSouth African cement sales rose 6.7 per cent YoY in the first quarter of 2012 to 2.64Mt, data by the Cement and Concrete Association (C&CI) showed. Average daily sales for the 1Q12 were 41,863t, up 6.7 per cent on the same quarter as last year. The moving annual total (April 2011-March 2012) reached 11.4Mt, up 5.6 per cent on the same period of the previous year. Up until April this year the C&CI reported monthly data a few days after the end of the month‚ but the Competition Commission... |