[原创]马来西亚:未来水泥行业前景不明朗

2015-06-03 14:50:10

马来西亚水泥市场2015年预计是健康运行的,但是如果企业持续面临激烈的价格竞争、产能过剩、煤炭价格上涨和其他税收方面的风险,它们能否维持长期的利润增长值得商榷。

  水泥行业主要依赖于建筑业。因而当马来西亚政府在2015年第二季度公布“第十一个马来西亚计划”(该计划包含大型重点项目,如地铁2号线,轻轨3号线,独立遗产大厦和双溪伯西乌鲁-巴生高架快速路)后,水泥行业将收益。

  然而,现在担心的是弱势的马币和低石油价格,以及它们对政府发展费用支出的影响。此外,由于抵押贷款紧缩的财政政策和对建筑材料如水泥征收6%的产品和服务税,房地产市场预计保持温和发展。

  虽然水泥行业是一个强周期行业,然而一位业内人士表示,水泥行业参与者之间是一场销量的较量。

  “如果没有销量,你无法进入行业,并且随后你无法轻易脱身”。

  他表示,“‘第十一个马来西亚计划’”持续的基础设施投资将给建筑业一个良好的前景,然而问题是这些项目落实下来的时间有多长。”。同时他补充,行业的其他风险包含能源(尤其煤炭和电力)价格上涨以及企业间激烈的竞争。

  考虑到这个,他进一步认为行业的前景将有弹性。

  石油价格的下滑可能是水泥行业的一个阻尼器,资本支出可能会减少。

  他指出,政府收入下滑可能通过取消补贴来抵消一部分。随着建筑材料(如钢铁)价格的下降以及产能过剩压力下水泥企业积极稳价,建筑企业在商品及服务税前已经锁定了较低的建材成本。

  去年第二季度,多数国内排名前列的水泥企业提高了他们的价格,幅度在7%~9%,由Holcim (M) Sdn Bhd带头,Lafarge Malaysia Bhd、Tasek Corp Bhd和Hume Cement Sdn Bhd紧随其后。回顾行业可以看到,很多企业对他们的价格和扩张计划相当保守。

  水泥与混凝土协会会长Grace Okuda表示,今年由于政府持续的基建项目,水泥行业总体上还是乐观的。“我们的分析显示,行业拥有充足的产能来满足额外的水泥需求”。

  “然而,我们对2016及之后的预期不确定,但是如果项目按照计划执行,水泥的需求将继续保持增长”,Okuda表示。不过他不愿就定价和商品服务税对行业的整体影响发表评论。

  对于去年二季度水泥企业在充满挑战和竞争的背景下提高价格,很多企业还增加了它们的产能,业内人士表示,这将导致供大于求的局面。

  去年8月9日《StarBizWeek》杂志的报告显示,拉法基的水泥产能是1295万吨,YTL水泥以595万吨紧随其后,CIMA是340万吨,Tasek Corp的产能是230万吨,Hume Cemnet和Holcim Malaysia的产能则分别为200万吨。

  马来西亚银行投行部的最新报告显示,受去年CIMA新产能及今年二季度即将投产的YTL产能的影响,马拉西亚水泥平均销售价格竞争激烈。

  Research house预计今年水泥行业增长5%左右,2014年在8%~9%。

  据传,Lafarge Malaysia的水泥厂扩张正在继续,今年底拉法基集团产能将增加5%。Lafarge Malaysia是边佳兰(Pengerang) 地区Rapid(炼油和石化产品集成开发计划)和其他马来西亚石油公司相关项目的混凝土独家供应商,五年项目价值超过2.54亿马币。

  马来西亚银行投行部表示,如果拉法基2014年的盈利部分地受到生产问题的影响,这些问题导致低的销量和高的维修/维护成本,那么今年由于生产恢复,预计它的盈利将改善。

  “我们调低2015财年预期每股收益11%,这主要是基于市场份额下降1%至38%的假设(考虑来自YTL的新产能)”,它们表示。此外它对2016年2017财年的每股收益预期并没有改变。

  然而,Research house依然预期拉法基和豪瑞的合并将在今年的六月完成,它们表示马来西亚的合并将在后续展开,可直接提高5%的盈利。扩大后的集团能长期从柔佛州强大的销售网络获利,它们维持Lafarge Malaysia持有评级和原有的9.3马币的目标价。

  此外,MIDF Research维持Lafarge Malaysia“中性”评级,指出Lafarge Malaysia水泥2014年的盈利低于它们及市场的预期。

  拉法基的EBITDA利润率和扣除税、摊销、少数股东权益后利润率分别缩小到18.4%和9.3%。

  除了激烈的竞争,拉法基去年第四季度业绩下滑主要是由于电费、燃料和工厂维护成本上涨导致营运成本增加,

  它们相信,马来西亚产能过剩将继续存在(目前总产能2980万吨)从而影响水泥的平均销售价格和拉法基的盈利水平。

  此外,虽然Tasek Corp公司2014财年收入增长13.7%至6.56亿马币,归属股东的利润增长11.9%至1.05亿马币,但是它在年度报告中表示,对今年的前景保持谨慎乐观。去,高销售年公司每股收益从77.29毛上升至86.46毛,它将其归功于本国上半年强劲的需求,高销售收入和良好的定价。然而,2014年下半年,尽管净收益增长,但由于激烈的价格竞争,利润同比2013年更低。

  总体而言,国内水泥市场今年预计是健康运行的,但是如果企业持续面临激烈的价格竞争、产能过剩、煤炭价格上涨和其他税收方面的风险,他们能否维持长期的利润增长值得商榷。

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According to the information from China Cement Market Data Center, the price of cement in Chongqing in the southwest region is pushed up by 50-100 yuan/ton, and the implementation is to be observed; the price in Zhaotong in Yunnan is pushed up by 50 yuan/ton, and the implementation is to be observed; the price in Nanchong, Guang'an and Suining in Sichuan is pushed up by 50 yuan/ton, and the price in Yibin and Luzhou is partially dropped.

2024-11-08 17:19:35

According to the statistics of Pakistan Cement Manufacturers Association, in October 2024, Pakistan's domestic cement sales volume was 3.276 million tons, a slight decrease of 0.49% compared with 3.292 million tons in October 2023. The slowdown of domestic private sector construction industry led to the stagnation of cement demand in Pakistan's domestic market, but the export increased by 51.29%.

2024-11-05 15:40:06

Nowadays, with the rise of local enterprises, such as Ningbo Yiyu Environmental Protection Co., Ltd. and other high-tech enterprises, relying on their professional R & D and production capacity in the field of dust removal products and pneumatic components, they provide cement plants with reliable and cost-effective localization alternatives.

2024-11-05 13:54:53

Recently, at the invitation of Heidelberg Materials Group, Executive Director Tong Laigou, accompanied by Deputy General Manager and General Counsel Ma Aiguo and Deputy General Manager Wang Bin, went to Brevik of Heidelberg Materials Group. Factory survey and high-level meeting with Heidelberg Materials Group. Axel Conrads, Chief Technology Officer, Heidelberg Materials Group Warmly welcome Tong Laigou and his delegation to visit, comprehensively introduce the development plan of Heidelberg Materials Group, share its carbon emission reduction targets and CCUS planning, and point out that Sinoma Construction is an international company worthy of trust and trust, and hope that Sinoma Construction will extensively participate in the group's low-carbon development.

2024-11-05 13:07:08

At 9:58 on November 1, a truck loaded with 53.5 tons of glue powder, with a long whistle, slowly left the north of Baicheng in the morning light and headed for Mongolia! This is the first time that Northern Cement and Changsha Mining Research Institute of China Minmetals have joined forces to produce glue powder independently and successfully with the help of the "the Belt and Road" Dongfeng, and the first order has been shipped to Mongolia. It marks that Northern Cement has thoroughly implemented the spirit of the Third Plenary Session of the Twentieth Central Committee of the Communist Party of China, actively practiced the "the Belt and Road" initiative, centered on the strategic goal of internationalization of China Building Material Group, vigorously exploited the international market, entered the ranks of foreign trade business, and enhanced its core competitiveness.

2024-11-05 10:58:48

At the meeting, Yan Haochun brought the theme report "Dream of Blue Sky: Exploring the Green Footprint of Cement Industry in the Context of Carbon Market". She pointed out that the cement industry faced the risk of rising costs in the context of the carbon market.

2024-11-01 16:10:56

The incorporation of the cement industry into the national carbon market will have a significant impact on cement enterprises in terms of production and operation, data control, transaction costs, energy saving and carbon reduction investment. With the carbon quota from basic satisfaction to tight reduction, it will effectively promote production reduction, thereby affecting competitiveness and supply and demand pattern.

2024-11-01 09:52:46

Based on the market situation of the cement industry and the demand for high-quality and low-carbon development of Conch Cement, Conch will strengthen the research and development of technologies such as energy saving and carbon reduction, green environmental protection, clean energy and low-carbon cement. The main research directions of Conch's scientific and technological innovation in the future are as follows: 1. Research and development project of raw material and fuel substitution in the cement industry; 2. Research and development project of cement clinker quality improvement; 3. Energy-saving and carbon-reducing technical equipment R & D project; 4. Clean and green energy R & D and manufacturing project; 5. Future carbon technology industry exploration project.

2024-10-29 16:34:25

Looking forward to the future, we still need to continue our efforts in breaking through the existing clinker system, innovating the design of new low-carbon clinker (new clinker), breaking through the time lag and multi-scale barriers, building a digital system without "gap" in the whole process, maximizing the value of data, and supporting low-carbon in the whole process (time-sharing power consumption, coal consumption, low-carbon ratio, etc.).

2024-10-29 14:07:23

By 2025, the national and provincial carbon emission annual report and express report system will be fully established, a number of industry and enterprise carbon emission accounting standards and product carbon footprint accounting standards will be issued and implemented, positive progress will be made in the construction of product carbon footprint management system, and the national greenhouse gas emission factor database will be basically completed and regularly updated. The ability of measurement, detection, monitoring and analysis of carbon emissions has been significantly improved.

2024-10-25 10:05:07

What is happening in the cement industry?

2024-10-21 07:01:25

Let us work together to practice the concept of green development with practical actions and contribute our strength to the realization of the country's "double carbon" goal. Look forward to your participation and jointly create a bright future for the cement industry!

2024-10-18 13:57:30

Enterprises also need to understand the operation process of the carbon emission trading market, including the declaration, verification and reporting of carbon emission data, the allocation, trading and clearance of quotas, especially the accuracy of carbon emission data will directly affect the quota allocation and transaction costs of enterprises. Enterprises also need to pay attention to the dynamics and trends of the carbon emissions trading market, understand the market price fluctuations, trading activity and other information, in order to formulate reasonable trading strategies and risk management measures.

2024-10-17 11:20:09

Every employee should know what emission sources are available in his position, what emission reduction measures are available, and how much emission reduction can be achieved by these measures, so that they can understand the principle of emission, learn the method of accounting, use the carbon management platform, and improve the carbon management ability of each position, so as to achieve "carbon management in the whole process".

2024-10-16 13:15:57

According to the China Cement Market Data Center, the price of cement in Lanzhou-Baiyin area of Gansu Province has risen by 10 yuan/ton; the prices in Qinghai, Ningxia, Xinjiang and Shaanxi are stable. Affected by the big drop in temperature, rain and snow before the festival, the market demand in Qinghai has declined significantly. As the weather cleared up, cement sales in the region rebounded, and the market showed signs of warming up.

2024-10-12 17:29:56

At the upcoming conference, the leaders of Conch Cement will deliver welcome speeches, share the experience and achievements of Conch Cement's low-carbon development with the participants, and inject new impetus into the green upgrading of the industry.

2024-10-12 16:29:42

However, it should be noted that brand promotion is not achieved overnight, but requires years or even decades of efforts. Our primary service offering is pricing strategies for large and mid-sized businesses to improve margins and achieve growth. The profit is equal to the price times the sales volume minus the cost. According to our research, there is a tenfold relationship between pricing and profit, while there is only a sixfold relationship between cost and sales volume, because when sales volume increases, the corresponding cost will also rise. We support Chinese enterprises to improve their profits, because only profits are the key to the survival of enterprises.

2024-10-12 13:16:50

Key carbon emission units may use carbon emission reduction to offset part of their carbon emissions, and the proportion of use shall not be higher than 5% of the annual carbon emissions of the unit confirmed by the municipal ecological environment department in that year. The offset ratio of national greenhouse gas certified voluntary emission reductions generated by key carbon emission units using projects outside the municipal administrative region shall not exceed 2.5% of the annual carbon emissions of the unit confirmed by the municipal ecological environment department.

2024-10-11 13:17:07

The ultra-low emission transformation of cement industry should be carried out from the perspective of the whole process. According to the characteristics of production and pollutant emission, enterprises should carry out all-factor and all-round upgrading and transformation of organized emission, unorganized emission, material and product transportation, monitoring and control, environmental management, pollution reduction and carbon reduction, each of which is very important.

2024-10-09 10:17:40

From September 23 to October 5, at the invitation of Saudi Aramco, Holcim Group, Dangote Group, GPC Group and other enterprises, Zhou Yuxian, Secretary of the Party Committee and Chairman of China Building Materials Group, went to Saudi Arabia, Germany, France and Nigeria to attend the group's promotion meeting in Saudi Arabia. He witnessed the signing of strategic cooperation agreements with Saudi Aramco, GPC Group and Dangote Group and the signing ceremony of China-Africa Green Building Materials Joint Laboratory, met with relevant government agencies and well-known enterprise groups in four countries, and investigated local enterprises.

2024-10-08 09:10:31

On October 2, China Building Materials Group and Dangote Group formally signed a comprehensive strategic cooperation agreement in Lagos, Nigeria. Zhou Yuxian, Chairman of China Building Material Group, and Aliko, Chairman and Chief Executive Officer of Dangote Group Dangote attended the signing ceremony and delivered a speech. Zhi Xiao, Assistant General Manager of China Building Material Group and Chairman of China Building Material Institute, and Olakunle Alake, Vice President of Dangote Group Sign the agreement on behalf of both parties. Looking back on the 16-year cooperation between the two sides, China Building Materials Group and Dangote Group have signed more than 20 contracts with a total contract value of more than 5 billion US dollars.

2024-10-05 13:56:18

Strictly implement the policy of capacity replacement, strengthen the control of excess capacity, resolutely curb illegal new capacity, build new cement projects according to ultra-low emission level, eliminate backward capacity according to law and regulations through comprehensive means, give full play to the standard role of energy consumption, environmental protection, quality, safety, material consumption and water consumption, and guide high energy consumption. Conditional areas can formulate plans for the withdrawal of restricted capacity.

2024-09-29 10:25:13

On September 27, the Ninth General Election Congress of Shanghai Cement Industry Association was successfully held in Qingpu District, Shanghai. The General Assembly elected the Ninth Council, the Board of Supervisors and the head of the Association. Kong Xiangzhong, Executive Chairman of China Cement Association, Zhang Lijie, Researcher of Policy Research Office of Shanghai Municipal Housing and Construction Commission, and Wang Bo, Chief of Social Management Department of Civil Affairs Bureau attended the meeting.

2024-09-28 16:19:44

As the world's largest manufacturer of building materials and the world's leading developer and integrated service provider of new materials, China Building Materials Group is not only a technology-based company, but also an industrial company serving the world, as well as an international company with deep cooperation and win-win future, and is currently striving to build a world-class industry. It is willing to contribute the wisdom, plan and strength of Chinese building materials to the development of Saudi Arabia.

2024-09-27 15:17:29

At present, there are nine regional carbon emission trading markets and corresponding exchanges in China. These exchanges are located in different regions, covering a wide geographical range from north to south, aiming to promote the development of carbon emissions trading and green finance throughout the country.

2024-09-27 11:11:58

Calculate clinker production process emissions, fuel combustion emissions, electricity & heat consumption emissions, total carbon emissions & carbon intensity and other related data. For more cement industry carbon emission policies and data, please visit: Cement Industry Carbon Emission Calculation Center.

2024-09-26 16:58:15

According to the Plan, by the end of 2025, more than 50% of the cement clinker production capacity in the province will have been basically transformed, and the clinker production capacity of large cement group companies such as Huaxin, Gezhouba and Yadong over 2500 tons per day (excluding) will have been basically transformed into organized and unorganized ultra-low emissions, with 30 enterprises of B level and above or performance-leading enterprises. The proportion of performance-leading enterprises in independent grinding stations has reached more than 30%.

2024-09-26 15:14:47

Promoted by the "policy combination boxing" of the state adopting mandatory standards to promote the withdrawal of low-quality and low-efficiency production capacity and strengthening the supervision of new and stock projects, cement enterprises are promoting joint restructuring through m & a, equity participation and other forms, curbing new production capacity from the source, reducing and eliminating backward production capacity from the stock, and adjusting the structure. Promote the sustainable development of the industry.

2024-09-26 14:10:42

According to the Announcement of Chongqing Municipal Bureau of Ecology and Environment on Adjusting the Inclusion Standards of Chongqing Carbon Market (Yuhuan [2023] 55), the original list of Chongqing Carbon Market is updated according to the inclusion standards of industrial enterprises whose annual greenhouse gas emissions reach 13000 tons of carbon dioxide equivalent (about 5000 tons of standard coal for comprehensive energy consumption) and above. A list of key emission units (hereinafter referred to as key emission units) in Chongqing carbon market in 2023 has been formed, and 334 key emission units have been included in the quota management in 2023.

2024-09-25 14:44:14

The circular calls for the implementation of ultra-low emission transformation of cement clinker production enterprises (excluding mines), independent grinding stations (including cement enterprises producing special cement and co-disposing solid waste) and coking enterprises (including semi-coke production). By 2028, the province's cement industry will strive to complete the transformation of 80% clinker production capacity. Cement enterprises that have completed the ultra-low emission transformation should check and fill in the gaps according to the scheme to ensure that the corresponding processes meet the requirements of the scheme on schedule.

2024-09-25 11:21:09

The cement industry has been clearly included in the carbon emissions trading market in 2024. Cement enterprises need to comprehensively and accurately understand the relevant regulations and guidelines. According to the actual situation of the enterprises themselves, they should seek advantages and avoid disadvantages, turn inward, practice hard, continuously reduce their carbon emissions per ton of clinker, reduce the production cost of clinker, and win in the current industry trend. So that their enterprises can survive and develop better.

2024-09-25 09:05:05

By integrating Asment de T Témara and Grabemaro, expanding Heidelberg Materials Morocco's cement national coverage, while expanding concrete and aggregate systems, can strengthen Heidelberg Materials'position in the Moroccan market for building materials and sustainable solutions..

2024-09-24 16:33:19

Although the road of carbon emission reduction in the cement industry is full of challenges, through continuous technological innovation and industry practice such as "steel slag phase-separated clinker", we have reason to believe that the cement industry can surpass the "face-saving project", realize the real green transformation, explore a sustainable road of cement concrete development, and leave a cleaner and sustainable earth for future generations.

2024-09-24 14:31:59

The Antimonopoly Committee of Ukraine (AMCU) approved the acquisition of Dyckerhoff Cement Ukraine by CRH Ukraine on 5 September 2024. 99.9775% equity interest. This will make CRH the largest cement producer in Ukraine.

2024-09-24 14:08:32

Faced with the current difficult situation faced by the basic building materials industry and the foreseeable development trend in the future, Liu Yan pointed out that the company should not only base itself on the present, withstand the pressure, reverse the target and sprint with all its strength, but also adhere to the concept of system, do a good job in strategic planning, reform and innovation, especially in upgrading the three modernizations and talent team construction, so as to lay a solid foundation for the development of the next ten years or even longer.

2024-09-24 10:59:20

At present, Sichuan is speeding up the development of green low-carbon new productivity and promoting the transformation and upgrading of the cement industry. In recent years, Sichuan's industrial sector has vigorously promoted the construction of a full-cycle and full-process green manufacturing system, and continued to carry out the gradient cultivation of green manufacturing demonstration units. The province's cement industry has created a total of 11 national green factories and 35 provincial green factories. One cement enterprise has successfully entered the national energy efficiency "leader" and two cement enterprises have been rated as provincial energy saving and carbon reduction benchmarking enterprises.

2024-09-23 11:02:17

By 2027, the energy consumption of more than 30% of cement production lines will be better than benchmark level, and all production lines in the industry will reach the benchmark level of energy efficiency standards. More than 70% of cement enterprises have achieved a high degree of automation in the whole production process, and the proportion of enterprises with digital transformation maturity level 3 or above has reached more than 20%, and the level of greening and digitalization of the industry has been significantly improved.

2024-09-23 10:29:16

It is reported that Conch Material Technology is a fine chemical material supplier that produces and sells cement admixtures, concrete admixtures and related upstream raw materials. Conch Kechuang is the largest shareholder of Conch Material Technology, holding 48.62% of the shares, while Conch Kechuang is 100% controlled by Anhui Conch Group.

2024-09-23 10:00:08

Municipal ecological environment departments timely publicize and interpret the requirements of inefficient and ineffective pollution control facilities and monitoring and control systems for enterprises within their jurisdiction, and organize enterprises to complete self-examination by the end of October 2024. In view of the problems found in the self-examination, enterprises should formulate rectification measures and actively promote rectification.

2024-09-20 11:34:21

In the long run, the core factor restricting the rise of cement price lies in the serious overcapacity. At present, the real utilization rate of clinker production capacity has reached a new low level in recent years, and the problem of excess contradiction is extremely acute. Only by taking effective measures to resolutely reduce production capacity and solve the persistent illness, can cement price be guided to return to the normal level.

2024-09-20 11:03:39

Looking forward to the future, Anhui Province will implement the special action of upgrading the energy level of the comprehensive hub to create a strategic link of domestic and international double circulation. It is mainly to build a comprehensive transportation hub city with Hefei, Wuhu and Bengbu as the core and linkage support, to build an airport system of "two wings flying together" for civil and general airports, to build a coordinated and efficient port group of "two hubs and one center", and to vigorously develop low-altitude economy and port-vicinity economy.

2024-09-19 14:59:12

Tianfeng Securities Research Report shows that with the arrival of the peak season in September, the progress of special bonds and special bonds at the infrastructure end has been accelerated and major local projects have been started, and the demand for cement is expected to pick up. Recently, the cement shipment data continued to recover, and the price side also rose synchronously. At present, most cement enterprises are still in a state of loss. With the strengthening of industry supply self-discipline, the superimposed demand is expected to improve marginally, and the industry profit center is expected to be lifted.

2024-09-19 10:18:37

This article is selected from Song Zhiping's book "Reform Heart Road", which describes his motivation and effect of restructuring cement in those years, and has been published by China Cement Network. Recently, there has been a call for restructuring and mergers and acquisitions in the cement industry. Reviewing this old article may have the effect of reviewing the old and learning the new, encouraging the industry to promote a new round of restructuring, and solving the persistent problems of the industry.

2024-09-16 10:19:30