Cement News tagged under: international
New Diamond works receives investment boost, Niger16 June 2011, Published under Cement NewsThe West African Development Bank (BOAD) has announced a contribution of XOF12.5bn (US$27m) to finance the construction of the new cement plant in Niger (NCN-Diamond), whose construction began recently Malbaza (400km northeast of Niamey), APA reported from official sources. A funding agreement has already been ratified by the President of the BOAD, Christian Adoveland, and the Niger authorities, it was pointed out by sources familiar with the Niger Ministry of Commerce. From a total co... |
Brazil five month sales rise 7.1% YoY16 June 2011, Published under Cement NewsRecent preliminary industry and market estimates from the Brazilian cement sector show that sales for the first five months of 2011 (January-May) reached 24.6Mt, up 7.1 per cent in the same period of last year. In May 2011 alone, sales reached 5.4Mt – 10.9% up on the same month of 2010. For the 12 months between June 2010 and May 2011, sales reached 60.8Mt, 11.2 per cent up on a like-for-like basis (June 2009-May 2011). Source: Sindicato Nacional da Industria do Cimento (SNIC) |
Spanish demand continues downward trend16 June 2011, Published under Cement NewsSpanish cement consumption in May was 2.1Mt, down 11.6 per cent compared to May 2010, continuing the negative trend experienced by the market the first months of the year. Cement production fell by 19 per cent, reaching 2.1Mt. For the last 12 months, (June 2010-May 2011) cement production was down by 7.9 per cent and consumption by 12.1 per cent to 23.8Mt. With this volume, per capita demand is currently at levels registered in 1987. Exports, meanwhile, have increased by 23% to 3.9Mt but ... |
Hugarian April construction output falls16 June 2011, Published under Cement NewsHungarian construction output decreased by 6.0% MoM in April, following a 3.2% decline in March, the Central Statistics Office (KSH) reported. The orders figures are still causing concern and are much worse than forecasts made at the start of 2011. The volume of output is at levels last seen 12 years ago, without any sign of recovery. The sector has been in recession for the sixth year in a row. Last year construction activity was 10.1% lower compared to the previous year. Output from both ... |
Contrasting 1Q for Arabian Cement and Eastern Province16 June 2011, Published under Cement NewsTwo of Saudi Arabia’s leading cement producers have reported mixed first quarter 2011 results, with one exceeding and the other missing estimates by Global Investment House (GIH). Arabian Cement Company (ACC) posted 1Q net profit of SAR116.6m, considerably higher than GIH estimates of SAR70.2m. On a YoY basis net profit was up by 42% due to lower production costs and higher revenues. In addition, 1Q10 results suffered from major maintenance shutdowns. Sales revenue was up by a healthy 4.1... |
India: May demand remains sluggish15 June 2011, Published under Cement NewsCement demand in India remained sluggish in May 2011 due to slowdown in infrastructure and real estate sectors. However, cement major ACC reported a 14% increase in sales for May 2011, mainly due to lower base in May 2010. The company recorded a 10% increase in production for May 2011. Ambuja Cements produced 1.74Mt of cement and sold 1.76Mt in May 2011 (production of 1.9Mt and sales of 1.89Mt in May 2010). UltraTech Cement produced 3.25Mt and sold 3.24Mt in May 2011 as against a production ... |
Lafarge new Ewekoro set for August commissioning15 June 2011, Published under Cement NewsLafarge Cement WAPCO Nigeria says it is set to double its production capacity in August with the commissioning of a new cement factory in Ewekoro, Ogun state. Announcing this during a media tour of the new cement factory in Ewekoro, recently, the Managing Director and Chief Executive Officer of the company, Mr. Samy Abdelkader said with work approaching completion at the new cement plant, the plant is expected to double the current production capacity of the company with 2.5Mt when it comme... |
South India’s ‘should explore export opportunities’15 June 2011, Published under Cement NewsIIFL Institutional Equities, a part of the IIFL Group believes that an increase in exports will be the key for south India’s cement industry’s volume growth in the medium term, given the dwindling demand in the domestic market. "The south region’s export volume was a mere 0.1Mt in FY11 despite a capacity surplus of 30Mta. Demand in the south is declining and there is poor visibility of an improvement in the near term," IIFL says. "The current demand-supply situation in south India region m... |
Indian cement prices dip on weak demand15 June 2011, Published under Cement NewsHopes of revival in cement prices ahead of the monsoon have been dashed with top dealers reporting a decline of INR5-10/50kg across regions during the last fortnight, as there was no turnaround in demand either from the infrastructure or real-estate sectors. Cement companies in their race to hold market share have been offering special discounts to big dealers and created a glut in the market, resulting in the current drop in prices, said one dealer. The western region, including Maharasht... |
Egypt’s Suez Cement 2011 1Q profit down 10%15 June 2011, Published under Cement NewsEgypt’s Suez Cement posted a 10 per cent decline in 2011 first-quarter net profit to EGP277.4m (US$46.68m), the stock exchange said on Tuesday. Suez Cement reported EGP307.8m of net profit for the same period in 2010. The firm, Egypt’s largest listed cement maker by market value, is a subsidiary of Italcementi |