Cement News tagged under: international
Mixed results for Chilean producers06 June 2012, Published under Cement NewsTwo of Chile’s top cement producers have reported mixed results for the first quarter of 2012. Cementos Bío Bío (CBB) posted a net loss of CLP408m (US$787,000) in the first quarter, compared with a net profit of CLP204m in 1Q11. The results were due to non-operational charges related to foreign exchange effects, the firm said in a research note. First-quarter sales were up 4% to CLP84.8bn from the year-ago period, and EBITDA increased 29% YoY to CLP11.7bn. Meanwhile, Cementos Melón repo... |
Indian producers consider early price reduction on monsoon06 June 2012, Published under Cement NewsIndian cement companies are considering a reduction of INR8-10/bag later this month in anticipation of a slowdown in construction activities due to the arrival of monsoon season. The price correction during monsoon is seasonal but this year it has come little earlier due to subdued demand, writes Realty Plus. "The price correction has started from the month of May and this month cement companies are contemplating to reduce prices on an average of INR10/50kg across the country," said the ... |
Mozambique reaches cement production record05 June 2012, Published under Cement NewsDomestic cement production in Mozambique reached a record 277,000t in 1Q12 with imports falling to 79,000t. The commissioning of new factories across the country was the main driver to this growth, according to National Director of Industry Sidonio dos Santos. A new cement plant, Cimento Nacional, was recently commissioned, adding 0.25Mta to the national capacity figure. In addition, Cimentos de Mocambique, the largest works in the country, inaugurated a new 0.4Mta mill, which enabled the... |
UltraTech Cement reports rise in May dispatches04 June 2012, Published under Cement NewsUltraTech Cement Ltd dispatched 3.59Mt of cement in May, up 10.6 per cent YoY, according to a company statement. Dispatches higher than the 3.2Mt recorded in April. The country’s largest cement producer by capacity produced 3.5Mt during April, up 7.7 per cent from a year ago. |
Pakistan cement industry pins hopes on Federal Budget 2012-1301 June 2012, Published under Cement NewsThe Pakistan cement industry has surplus capacity and the key factors hindering overall production capacity are rises in energy and the demand and supply mechanism, says the pre-budget document, Economic Survey 2011-12. D. Abdul Hafeez Shaikh Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Planning & Development is scheduled to present the 2012-13 Federal Budget at the National Assembly today. The cement industry is pinning its hopes on the government announcing a ... |
Lafarge Cement revises full-year revenue target upwards, Zimbabwe01 June 2012, Published under Cement NewsRising cement demand in the Zimbabwe market has resulted to Lafarge Cement Co upgrading its revenue forecast for full year 2012 to US$62m, from an initial forecast of US$60m. During a trading update at the company’s AGM, Jonathan Shoniwa, said increased capacity utilisation and cement demand had resulted in Lafarge reviewing its initial revenue target upwards by US$2m. "The level of operation has allowed us to review revenue targets for the full year to US$62m, from the initial US$60m,"... |
Caribbean Cement Company price hiked 9.2%01 June 2012, Published under Cement NewsCaribbean Cement Company Limited has increased the price of bagged cement by 9.2 per cent, according to reports in the Jamaican Gleaner. Effective today, June 1, the ex-factory price of Carib Cement Plus will be increased from J$705 to J$761.91. The new price is inclusive of the new 16.5 per cent GCT rate. In a statement to the Jamaica Stock Exchange yesterday, Caribbean Cement advised shareholders that the rebound in sales seen towards the end of last year has not been maintained and the ... |
Vietnam facing 6Mt surplus by year-end01 June 2012, Published under Cement NewsVietnam is projected to face a surplus of 6Mt of cement this year, the Vietnam Cement Association (VNCA) said. Domestic output is expected to reach between 60-62Mt, outstripping forecasted full-year domestic sales of 47-48Mt and exports 7-8Mt forecasts, the association was quoted by the financial website CafeF as saying Tuesday. Do Duc Oanh, general secretary of the association, saying that the industry’s high inventory is its biggest challenge. It has resulted in producers cutting pri... |
New cement plant opened in Azerbaijan01 June 2012, Published under Cement NewsPresident Ilham Aliyev of Azerbaijan has opened a new cement plant in Nakhchivan Autonomous Republic. The 800tpd cement plant by LLC Nakhchivan Cement will serve domestic requirements and some volumes could be sent to exports, local press reports. |
Philippine cement prices edge towards peak levels31 May 2012, Published under Cement NewsPhilippine cement prices are edging up to highs last seen in 2010 of PHP215-220/40kg bag due to higher input costs and increasing demand. Data from the Philippine Department of Trade and Industry showed that the price of cement is PHP205/40kg bag for the Republic and Rizal brands, higher than the PHP185-190 price range in May 2011. “We have managed to increase prices but current level is still lower by 3-5 per cent compared to 2010 suggested retail price due to high input costs and in... |