Displaying items by tag: Results

Russia: Siberian Cement reduced its cement production by 3% year-on-year to 3.1Mt 2017. Production at its subsidiary Topkinsky Cement fell by 4% to 2.06Mt and at Krasnoyarsk Cement by 10% to 0.65Mt, according the Kommersant newspaper. Production at its Timluysky cement plant rose by 26% to 0.34Mt. Siberian Cement’s vice-president Gennady Rasskazov forecast that demand for its products will remain similar to 2017 in 2018. However, demand is anticipated to fall in some regions of the Siberian Federal District.

Tunisia: Carthage Cement’s turnover fell by 12% year-on-year to US$72.8 in 2017 from US$82.6m in 2016. Clinker production dropped by 17% to 1.3Mt and cement production by 12% to 1.4Mt. Local sales of cement decreased by 2% to US$52.7m and exports by 80% to US$1.9m. The cement producer blamed its poor sales on a decline in the export market.

Thailand: SCG Cement’s sales revenue rose by 3% year-on-year to US$5.5bn in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 6% to US$705m. The cement producer reported that overall domestic Ordinary Portland Cement demand fell by 5% in 2017 due to a slow recovery in the private sector. Total domestic consumption of cement was around 37.5Mt 2017 and exports rose to 4Mt from 3.7Mt in 2016.

Tunisia: Ciments de Bizerte’s cement and lime deliveries rose by 3% year-on-year to 0.63Mt in 2017 from 0.61Mt in 2016. Overall the cement producer’s turnover increased by 3.74%, according to African Manager. It reported a total turnover of US$25m in 2016. Upgrade work to the plant’s wharf is expected to increase exports in 2018 as well as receives petcoke supplies.

India: Jaiprakash Associates has narrowed its loss to US$23m in the third quarter of its financial year from US$171m in the same period in 2016. Despite this its income fell by 30% year-on-year to US$178m from US$258m, according to the Press Trust of India. The company has sold its assets, including a large number cement plants to UltraTech Cement, to reduce debt.

India: UltraTech Cement’s profit after tax has dropped in the third quarter of its financial year that ends on 31 March 2018 due to rising costs of petcoke and coal. It also blamed a ban on petcoke usage in some states. Overall, its consolidated profit after tax for the first nine months of its financial year rose by 10% year-on-year to US$3.58bn from US$3.25bn in the same period in 2016. Its profit after tax fell by 10.5% to US$278m from US$311m.

The cement producer said that it had successfully launched the ‘UltraTech Brand’ in all the markets served by the plants it acquired from Jaiprakash Associates in 2017. It reported that production capacity utilisation is at 60% from a low of 18% at the time of the purchase. It is currently appointing new dealers and retailers in its new territories.

Kazakhstan: Steppe Cement’s revenue rose by 20% year-on-year to US$65.6m in 2017 from US$54.9m in 2016. Its sales volumes of cement rose by 4% to 1.63Mt from 1.57Mt. The cement producer says that its market share remained at 17% in the reporting period. Overall the country consumed 9Mt of cement in 2017. Steppe Cement’s exports doubled to 146,000t from 73,000t. Kazakhstan imported 0.7Mt of cement in 2017 compared to 0.5Mt in 2016. It exported 0.9Mt in 2017 compared to 0.4Mt in 2016.

Oman: Raysut Cement’s revenue fell by 22% year-on-year to US$187m in 2017 from US$240m in 2016. Its profit after tax fell by 66.6% to US$18m from US$53.8m. In November 2017 the cement producer blamed its falling profit on lower sales due to competition locally and in export markets, disruption to its export market in Yemen resulting from the on-going civil war and increased energy prices.

Vietnam: The Vietnam Cement Industry Corporation’s (Vicem) cement sales rose by 3% year-on-year to 26.6Mt in 2017. 23.6Mt of cement and clinker were sold locally and 3Mt were exported, a drop of 3%, according to the Viet Nam News newspaper. In 2018 the state-owned cement producer plans to produce 19.7Mt of clinker, a rise of 2%, and to sell over 28Mt of cement and clinker, a rise of 4%. The company intends to focus on ‘high-efficiency’ products to reach this target.

India: The credit agency ICRA forecasts that rising energy and freight costs due to higher pet coke, coal and diesel prices during the first half of 2017 – 2018 financial year may hit the profits of cement producers. Petcoke prices grew by 32% year-on-year in the first half of the year and coal prices rose by 44%, according to the Press Trust of India. Sabyasachi Majumdar, an analyst at ICRA, said that higher power, fuel and freight costs were likely to continue. He added that the ability of cement companies to raise their prices was crucial to maintaining profit levels.