admin管理员组文章数量:1558069
Cement plant is strong by domestic fundamentals
The Zurich-based cone crusher group said in May it would take out costs and improve efficiency to boost profit by at least 1.5 billion Swiss francs ($1.5 billion) by the end of 2014.
The Saudi cement sector is fuelled by strong domestic fundamentals, namely:
(1) the government’s continued high expenditure on physical and social infrastructure, driven by positive oil price movements, and buoyed by a young demographic structure;
(2) relatively low fuel and raw material costs as a result of the subsidized power/ gas, and minimal royalty mining fees, sustaining domestic producers’ competitive advantage;
(3) new market entrants, leading to an influx in capacity dispersed geographically in areas of concentrated demand, the National Commercial Bank said in its latest "Saudi Economic Review" released Tuesday.
Analysts at Bank Vontobel said that while Holcim's overall outlook was almost unchanged, the contribution of Europe compared with North America was three times bigger, making this effectively a "reduction of the outlook". Holcim stock was down 0.4 percent at 0923 GMT, after initially falling more than 2 percent. The Stoxx 600 European construction index was down 0.7 percent.
Second-quarter net profit rose 9.2 percent to 379 million Swiss francs on slightly higher sales of 5.6 billion francs, which was chiefly due to strong demand from emerging markets in Asia, Latin America and Russia. Analysts in a Reuters poll had forecast on average a net profit of 377 million Swiss francs and sales of 5.69 billion francs.
The size of the current cement market can be determined using the Kingdom’s construction activity as a proxy. Given the recent spike in construction, it is important to differentiate between core demand and transient demand for cement. Core is identified as the 2002-2006 CAGR demand for cement, which was equivalent to 5 percent.
This period is generally representative of a natural business cycle for the Kingdom, excluding the intermittent construction boom. Transient is that generated from ongoing mega-project construction activity which we have identified as commencing in 2007.
Looking ahead, Holcim said it will "accord cost management the closest attention" and that planned spending would result in an additional operating income of at least 150 million francs this year.
Selected iron mining machinery into dry magnetic Magnetic Separator and water Magnetic Separator selected, the main use of magnetic iron, is also part of weakly magnetic minerals can be magnetic, which is mine and battle the most widely used, the sand contains Magnetic iron magnetic key requirements to improve quality and increase production, sand magnetic separator adapted to this demand, divided into the feeding system, sub-screen systems and magnetic systems, the bottom of the hull can be mobile, easy to use. For mobile jaw crusher, you can directly drag the loader.
转载于:https://wwwblogs/cathyma/archive/2012/08/18/2645234.html
本文标签: plantCementStrongFundamentalsDomestic
版权声明:本文标题:Cement plant is strong by domestic fundamentals 内容由热心网友自发贡献,该文观点仅代表作者本人, 转载请联系作者并注明出处:https://m.elefans.com/dongtai/1727371719a1111252.html, 本站仅提供信息存储空间服务,不拥有所有权,不承担相关法律责任。如发现本站有涉嫌抄袭侵权/违法违规的内容,一经查实,本站将立刻删除。
发表评论