Displaying items by tag: Q3

Indonesia: Indonesia's largest cement producer PT Semen Gresik has reported income of USD1.28bn in the first nine months of 2011. This represents an increase of 12% over the same period of 2010. The net profit of the state company rose by 10% to USD305m, according to its president Dwi Soetjipto.

The rise in income and profit followed was attributed to a 10% increase in sales to 14.5Mt in the nine month period. This represents 74.3% of the company's sales target for the whole of 2011.

According to Dwi, the increase in net profit would have been even higher if it had not been for increased production costs. Dwi reported that the company had experienced a particular rise in fuel and electricity costs.

China: China's building materials industry recorded USD29bn in net profit in the first nine months of 2011, up by 59.5% compared to the same period of 2010 according to data from the National Development and Reform Commission (NDRC). Of the total, the cement manufacturing industry contributed USD10.2bn, up by 150% on the year.

The NDRC also revealed that China's cement output in the first nine months of 2011 amounted to 1.51Bnt, up by 18.1% year-on-year. The output growth rate was up by 2.2% compared to that of 2010.

Brazil: Domestic demand for cement in Brazil is leading to an increase of imports. Imports of cement and clinker reached 2.2Mt from January to September 2011, an increase of 74% from the same period in 2010. The total value of imported cement cost USD135m from January to September 2011, compared with USD80m from the same period in 2010.

From 2007 to 2010 Brazilian per capita consumption rose from 224kg to 310kg while production rose from 40Mt/yr to 59Mt/yr. The country has 70 plants to meet this growing demand. Exports have fallen from 515,000t/yr in 2008 to 36,000t/yr in 2010.

Votorantim Cimentos leads the market with 40 plants and a production of 21Mt/yr. It currently plans to build eight plants by 2014 with investments of USD1.4bn, a sum that includes concrete units as well. CSN Cimentos is an emerging player in the market and it is planning to meet a production level of 8.4Mt/yr by 2013. Camargo Correa Cimentos runs 5.2Mt/yr and Joao Santos 5.9Mt/yr.

Saudi Arabia: Saudi Cement Co has reported a 39% rise in its third quarter net profit. The rise was attributed to increased efficiency and higher local demand. The firm made a net profit of USD52m in the three months ending 30 September 2011, compared with USD37m in the same period in 2010. The company said it had raised efficiency by using new production lines and that local demand had grown. It attributed the fall in profits from the second quarter to a seasonal decline in sales. The company posted a second quarter net profit of USD57m.