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Semen Indonesia’s cement production to reach 30Mt in 2016 30 October 2015
Indonesia: PT Semen Indonesia's CEO Suparni has predicted that company production will reach 30Mt in 2016 and is optimistic that sales performance will improve in the fourth quarter of 2015 until next year.
"In 2016 we will increase the number by 5%. This year is at 28.6Mt, so it's almost 30Mt," said Suparni. "Starting in August 2015, we recorded an increase that has continued to rise until this day." Since August 2015, the company's plant in Padang, Gresik and Tonasa have begun to achieve maximum utilisation. Suparni also said PT Semen Indonesia has started to supply some infrastructure projects whether for both the government and private companies. "Those projects include tolls, dams and others," said Suparni.
Looking by the numerous infrastructure projects that have been worked on, Suparni predicts that next year's company expenditure will rise by 20 – 25%. He also expects PT Semen Indonesia's earnings to increase by 5 – 6% as prices will increase.
China: Anhui Conch Cement's operating profit fell by 31% year-on-year to US$1.1bn in the first nine months of 2015 as weak demand and price competition took a toll. Its revenue dropped by 13% to US$5.96bn.
Chinese demand for cement has languished following a rush of infrastructure building. Domestic cement production shrank by about 5% year-on-year to roughly 1.7Bnt during the first nine months of 2015, according to the National Bureau of Statistics.
Ambuja Cements’ third quarter 2016 net profit falls by 36% 29 October 2015
India: Ambuja Cements reported a 36% decline in its standalone net profit at US$23.6m for the third quarter of its 2016 fiscal year, which ended on 30 September 2015, due to an additional depreciation charge, among other factors. Its total standalone income fell by 4% to US$324m during the quarter.
Holcim more than doubles profits in the third quarter of 2015 29 October 2015
Philippines: Holcim Philippines' profits more than doubled in the third quarter of 2015 due to strong sales from sustained construction activity into the rainy season. Its net income grew to US$32.5m from US$15.3m in the same period of 2014. Its net sales rose by 23.2% year-on-year to US$212m.
Holcim Philippines' profits for the first nine months of 2015 grew by 12.7% to US$96.7m. This brings the company's sales for the first nine months of 2015 to US$595m, some 9.44% higher than in same period of 2014. Cement demand was healthy nationwide and strongest in Visayas and Mindanao, with no let-up in the building activity by both the private and public sectors.
Holcim Philippines Country CEO Eduardo A Sahagun said that the company's third quarter results were made possible by the improved performance of the plants, which can now operate longer before maintenance activities. "Demand usually dips during the rainy season but this time, we experienced even stronger demand in the third quarter. Under these conditions, it is critical to sustain operations to support the market and we did so due to the steady investments for better plant performance," said Sahagun. Sahagun said that logistics operations also improved with more flexibility to supply the National Capital Region through its newly-acquired Holcim Manila Terminal.
Vietnam: Vietnam is estimated to have produced 54.8Mt of cement in the first ten months of 2015, up by 10.4% year-on-year, including 6.1Mt in October 2015, up by 10.8% year-on-year, according to the government-run General Statistics Office. Vietnam currently has 76 cement production lines with a combined output of 81.6Mt/yr.