Wednesday, 27 January 2010

Kampot Cement saw sales fall 15pc in 2009



Photo by: Heng Chivoan
Trucks wait in line at Kampot Cement's factory in Kampot province at the end of October. The firm saw demand fall last year but a company stakeholder said Tuesday sales were expected to pick up in 2010 as construction activity begins to recover.

--------------------------------------------------------------------------------
We hope this year's sales will increase by 10 percent, as construction seems to be more active than before."
--------------------------------------------------------------------------------

via CAAI News Media

Wednesday, 27 January 2010 15:03 Chun Sophal

Cambodian subsidiary of Siam Cement reports light activity in construction sector led to low demand for building materials

KAMPOT Cement Co, a joint venture with Thailand’s Siam Cement Group, said Tuesday that sales slumped 15 percent last year compared to 2008 as construction activity dropped following the onset of the economic crisis in the Kingdom.

Khaou Phallaboth, president of Cambodia’s Khaou Chuly Group, a stakeholder in the company, said that Kampot sold just 1.02 million tonnes of cement in 2009 compared to 1.2 million the previous year.

He did not give a revenue or profit figure, but the company sells cement at US$87 to $90 a tonne, which would place revenues between $88.74 million and $91.8 million.

“The fall in sales last year stemmed from bank restrictions on the disbursement of loans to trading bodies and building developers which were affected by the global financial crisis,” said Khaou Phallaboth.

According to a report by the Ministry of Land Management, Urban Planning and Construction, in the first 10 months of last year, total investment in the construction sector dropped 19.6 percent to just $1.89 billion from $2.35 billion over the same period the previous year.

Cement imports fell even more over the first three quarters of last year, by just over 23 percent, according to figures released by Sihanoukville Autonomous Port.

The last quarter of 2008 saw construction activity nosedive in Cambodia as foreign developers pulled out, capital dried up and demand for building materials plummeted.

Thai Mengly, manager of construction projects at New World City which builds residential property in Phnom Penh, said Tuesday that construction activity at his firm was hampered in 2009 because of a backlog as buildings stalled at the end of 2008.

“We cannot compare our construction in 2009 to that of 2008 because things stagnated by the global economic crisis,” he said. He declined to give construction data for last year.

In 2009, total demand for cement in Cambodia was reportedly 2 million tonnes in total, a 20 percent drop from 2.5 million tonnes in 2008, meaning that Kampot Cement beat the decline to capture a greater share of the overall market.

Khaou Phallaboth said that Kampot Cement’s operations had not been badly affected last year, despite the slump in only its second year of operations since its January 2008 start-up.

“We hope this year’s sales will increase by 10 percent, as construction seems to be more active than before,” said Khaou Phallaboth, adding that the firm would produce about 1 million tonnes this year and import a further 200,000 tonnes from its parent in Thailand.

His prediction echoed that of Siam Cement Pcl’s President Kan Trakulhoon, who told Bloomberg Thursday that sales for the whole group would expand at least 10 percent, a projection made on rising prices for cement. Still, higher oil prices would likely raise production costs, he added.

Kampot Cement said in late October that it was holding plans to double production capacity by the end of 2012 due to falling demand last year. Khaou Phallaboth told the Post at the time that demand for cement was unlikely to start to recover until 2011 into 2012, and that Kampot Cement will stall plans for a $200 million upgrade that would have seen production capacity jump to 2 million tonnes per year.

Siam Cement holds a 90 percent stake in Kampot Cement. Khaou Chuly’s stake is scheduled to rise to 20 percent following the expansion, for which there is currently no schedule.

5 comments:

Anonymous said...

Luckily, there are many methods in safely removing unwanted hair.
Right away register your GHD curly hair straightener concerning the GHD webpage so that you just can enact
the 2-year ensure as well as to look at to make
certainyours is genuine. The professional hair merchandise of
Loreal are effectively currently being sold all
more than the world in about one hundred thirty different countries.


Feel free to visit my webpage ... hair products

Anonymous said...

” The stepmother went over to the young “Jessie James,” placed her hand under
his chin, tilted his head upward, looked him
squarely in the eyes for a moment, and then turned to her husband and said, “You are wrong.
Andrews allegedly sold apartments of for a non-existent Turkish Mediterranean resort in partnership with his brother
Nigel and sister-in-law Margaret. Her book doesn't just give a temporary quick fix, but provides all the information necessary for understanding, combating and ultimately curing yeast infection. Walk ins are always welcome, or patients can obtain same day appointments easily. ’ ”   The final breaking point, she says, was when he said he wanted to move his ex-stripper girlfriend in with them.

Take a look at my blog :: legislative branch powers

Anonymous said...

Make sure to evenly cover your hair, especially the tips.
As we know that our bodys natural structure and physique
also contains the wax esters which helps as natural moisturizer on the skin and prevents from
multiple environmental problems. There are organic oils in your hair that are there for a cause.
When choosing a treatment for your own hair, pick something organically grown
or natural as opposed to something fabricated. These resources side
by side also promote healthy hair growth and hair growth which
are preferable to other medications.

Feel free to surf to my site: celebrity hairstyles

Anonymous said...

With the ability to actually alter the texture and condition of the hair with clever and fashion-forward hair styling products, Rusk Being
products are sure to intrigue the hair product lover in all of us.
s Therapy Treatment line, which is a lightweight replenishing treatment that protects and
maintains hair condition. A well groomed woman will look to her
hair and makeup first and a poll of 3,000 females across the UK revealed that about 44% feel attractive if they are having a good hair day, this compares to 16% who felt pleased with their
appearance if good teeth gave them that winning smile.


My website hair products

Anonymous said...

s the only thing that can tell you with any assurance that a project
can move ahead and make money. As adults riding
motorcycles, we usually don't even think about steering. If you choose an activity that the both of you enjoyed together, this will aid remind your ex of how pleasurable it was spending time with you, bring back the good days.

Feel free to visit my webpage :: mining