SOURCE: The Bedford Report

The Bedford Report

December 01, 2011 08:16 ET

Cement Stocks on the Upswing as Demand Gains Traction

The Bedford Report Provides Equity Research on CEMEX SAB de CV & Eagle Materials

NEW YORK, NY--(Marketwire - Dec 1, 2011) - Shares of Cement companies with a heavy presence in emerging markets have performed well of late as they have been able to offset areas where construction operations are depressed with activity in expanding markets. The Bedford Report examines investing opportunities in the Cement Industry and provides equity research on CEMEX SAB de CV (NYSE: CX) and Eagle Materials, Inc. (NYSE: EXP). Access to the full company reports can be found at:

Last month CRISIL Research reported that cement demand grew at a tepid 3 percent pace during the April - October 2011 period. The average pan-India retail cement price increased by about 6 percent month-on-month in October 2011, according to CRISIL, on increased construction activity.

"After the festive season, construction activity and consequently, cement demand will gain traction, which could lead prices to rise by one-two per cent on a month-on-month basis in November," said Ajay D'Souza, head, CRISIL Research. D'Souza says he expects the overall growth in demand for 2011-12 to be around six per cent.

The Bedford Report releases regular market updates on the Cement industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

CEMEX, S.A.B. de C.V. engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, and other construction materials worldwide. The company said that consolidated net sales increased by 5 percent during the third quarter of 2011 to approximately US$3.9 billion versus the comparable period in 2010. The company's operations in Asia reported a 5 percent increase in net sales for the third quarter, to $130 million, versus the third quarter of 2010.

Eagle Materials Inc. produces building materials and construction products used in residential, industrial, commercial, and infrastructure construction in the United States. The company said earnings from Cement for its fiscal second quarter were $15.1 million, an impressive 25 percent increase from the same quarter a year ago.

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