Capacity utilisation rates at gas-fired combined cycle plants has generally been in line with last year but utilisation at coal units has plummeted.
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The calculations were based on the analysts' estimate of Villaverde utilisation and figures from PSA and Opel sources on utilisation at the Zaragoza and Vigo plants.
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"A lot of it is really more a result of utilisation, especially utilisation in periods where we typically see refineries cut," the company noted during its second quarter earnings call on Tuesday.
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Capacity utilisation was at 63.96 % in December after November's 63.17%.
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The central bank will announce capacity utilisation data for November (1130 GMT).
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The central bank will release capacity utilisation data for March (1130 GMT).
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The central bank will announce capacity utilisation data for April (1130 GMT).
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Capacity utilisation was at 62.83% in October, compared with September's revised 63.80%.
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The engine changes have also contributed to lower aircraft utilisation, Dutta said.
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Stolthaven Terminals also reported improved results, from higher utilisation and cost-saving initiatives.
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As excess supply is pushed out of the market, utilisation rates are rising.
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"Imports down, exports likely up and refinery utilisation at yearly highs," he said.
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He said China would aim to keep utilisation rates at around 80 percent.
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Karvy had then said that there was no "mis-utilisation" of client securities.
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The mine's utilisation rate is expected to rise to nearly 90 percent in October-March, up from around 70 percent in the first half, he said, adding that the company aims to achieve full utilisation rates in February or March.
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If refining margins are supported by accommodating crude prices, utilisation rates will not decline.
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In manufacturing, production and capacity utilisation have been falling since the end of 22017.
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Capacity utilisation was at 63.17% in November, compared with a revised 63.0% in October.
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Measures of inflation in the survey remained subdued while capacity utilisation edged down to 80.9%.
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One government regulation calls for the "utilisation and mobilisation of the unused funds of residents".
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The survey's measure of capacity utilisation was 92.9 percent, from the previous quarter's 93.2 percent.
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The outperformance was mainly driven by high utilisation rates at its dredging and salvage businesses.
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Low aircraft utilisation and delivery delays from Airbus were the driving factors behind the cut, Chief Executive Officer Ronojoy Dutta told analysts during a post-earnings call, adding that IndiGo aimed to raise utilisation to about 13 hours a day from the current 12.2 hours.
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It directed lenders to report on their utilisation of foreign currency borrowings on a monthly basis.
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Utilisation rates at copper and aluminium processors surveyed by the CNIA stood at 59% at Feb.
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Actual production last year was 785,000 tonnes, translating into a capacity utilisation rate of 43.2 percent.
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The CMIE calculates that asset utilisation has dropped from 50% in the 2000s to below 40%.
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The startup offers what is calls workspace utilisation and meeting room scheduling software to blue-chip clients.
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That's because capacity utilisation of coal plants has actually been dropping and is now around 60 percent.
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Annual production volumes would still exceed 7 million tonnes as "the utilisation rate goes over 100 percent".
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Factory utilisation fell 1.3 percent in June from a month earlier after rising 2.4 percent in May.
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Utilisation rates for such rigs have also slumped, to an all-time low of 77 per cent.
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CNPC did not reveal the timeframe of the crude run cuts nor its current refining utilisation level.
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A broader measure of under-utilisation in the labour market fell to 6.9%, its lowest since 2000.
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Karvy said in a statement over the weekend that there was no "mis-utilisation" of client securities.
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Capacity utilisation in the American automotive sector has plunged from nearly 90% in late 2015 to 80% now.
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Finland's four nuclear reactors operate at among the world's highest utilisation rates, and supply 26% of its electricity.
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Lower costs were mainly the result of 40 percent lower fuel prices, improved fleet utilisation and greater efficiencies.
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Utilisation rates at 247 mills across China stood at 77.6% last week, data tracked by Mysteel consultancy showed.
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The fleet's utilisation rate dropped to 63.4% in 7503 from 74.9% in 2015, after peaking at 90% in 2012.
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It is also establishing a "waste-free city" scheme and constructing high-tech "comprehensive utilisation bases" across the country.
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Reports of rising capacity utilisation and skills shortages had stoked fears of overheating, even though price pressures remain subdued.
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That is higher than any developed country, which have on average reduced cash utilisation to only 30 per cent.
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We believe this may affect the company's overall utilisation rate and subsequently, its operating scale, in the short term.
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According to U.S. consulting firm AlixPartners, 2018 capacity utilisation rates at China assembly plants operated by Ford were below 50%.
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Ride-sharing will mean that the utilisation rate of cars will go up and therefore that fewer vehicles are sold.
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Researchers in one 2012 large-scale study found that "telemental health services" decreased patients' "hospitalisation utilisation" by around 25 percent.
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At Stolt Tank Containers, shipments, utilisation and revenue were all up this quarter, but price competition held down operating income.
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It is harder to boost aircraft utilisation on longer flights, which is what makes Ryanair so cheap on shorter routes.
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Summary of Financial Statement Adjustments Fitch adjusts the company's net debt by adding back factoring lines (EUR520m utilisation in FY0003).
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Today the utilisation level is 22020 percent, he told the Platts Refining Summit in Brussels, suggesting a very slim buffer.
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Average asset utilisation for the eleven months to February 2018 was 55.4 percent, up 4.3 percent from the previous year.
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The capacity utilisation rates of Huiyuan Juice's production facilities have been low for many years due to previous over-expansion.
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Currently, JPL's plant utilisation levels are at 60%-70% across most segments, which provide it with some operational and capex flexibility.
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Forward orders, the most reliable indicator of domestic demand, held at -1 while the capacity utilisation rate nudged up to 81.1%.
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Each 1 percent in improved utilisation has the same benefit for airline finances as a 5 percent fuel saving, they said.
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Underlying inflation was lower than the target, but rising capacity utilisation implied an increase in price and wage inflation further out.
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The utilisation rate is now well over 40 percent, which is still low by historic standards, but no longer at emergency levels.
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The company raised its 2018 capacity growth target (ASK) to 20183 percent from an earlier 35 percent, thanks to higher fleet utilisation.
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AMS also cut costs in the first quarter, partly because it cut staff and increased the utilisation rate at its Singapore plant.
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When it comes to aluminium, the Trump Administration's focus is going to remain firmly on the dial of national production capacity utilisation.
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"Coke producers are running at very high utilisation rates, we haven't heard any kind of restrictions related to environmental protection," he said.
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Turkish manufacturing industry's capacity utilisation rate was up at 78.3 percent in June, official data showed, while confidence fell to 104.6 points.
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Correspondingly, the utilisation rates of coal-fired plants dropped by 10 percent as they require more CO2 permits to cover their output.
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All utilisation and management of such authorities are inspected by the Office or Surveillance Commissioners and the Interception of Communications Commissioners Office.
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Hydrogen fuel systems are therefore a gamble on the future viability of carbon capture, utilisation and storage technology on a large scale.
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"However, a prolonged dispute between the two countries will have a negative impact on crush margins due to lower plant utilisation," he added.
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"Inflation may no longer be the first or best indicator of a tight labour market and rising pressures on resource utilisation," he said.
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Capacity utilisation, at 72.4%, is low by historical standards: even if money were available, it is not clear many would want to borrow.
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Yet China's steel mills mushroomed and their capacity-utilisation rate fell from nearly 90% in 2006 to less than 70% a decade later.
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The slump is exacerbating problems of excess capacity, with factory utilisation rates at China plants for many automakers estimated below break-even point.
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To put that in perspective, the World Steel Association assessed capacity utilisation across its 67 members, including China, at 72.2 percent in August.
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The utilisation rate at steel mill blast furnaces across China fell last week to the lowest level since at least 2012, data showed.
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"First, as commercial vehicle capacity utilisation is low, it is not appropriate to blindly increase investments in production capacity," the two bodies said.
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This has served to lift utilisation rates across the official sector, leaving little room for increased production outside of the smog-zone regions.
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Many firms are adopting yield-pricing strategies used by budget airlines to increase the utilisation of their trains and to cut costs per seat.
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Instead, refiners have chosen to keep throughput unchanged, leave extra capacity idle, and cut their utilisation rate from 95 percent to around 92.5 percent.
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Ford, Hyundai and Kia declined to comment on their China capacity utilisation rates, while Fiat Chrysler did not respond to a request for comment.
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Oversupply Persists in Display: Capacity expansion in China and the delayed adjustment in utilisation rates will result in prolonged oversupply of display panels globally.
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Stopping short of forecasting any precise earnings figures, finance chief Frank Lutz said volume growth would bring about higher profitability, citing better utilisation rates.
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China's central bank recently surveyed 696 industrial firms in Jiangsu, a coastal province full of factories, and found that capacity utilisation had "decreased remarkably".
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Depreciating the exchange rate to switch demand to exporters and import-competing firms would also tighten the labour market and capacity utilisation still further.
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"If factory utilisation rates fall, then purchases of raw materials like petrochemical feedstocks will also weaken," Singapore-based shipping brokerage Eastport said on Friday.
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At the same time, vacancy rates increased over 2016, pointing to a degree of tightening in the labour market, and resource utilisation indicators are positive.
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In a statement late on Thursday the company said expenses would only rise slightly despite rising fuel costs, as the higher fleet utilisation partly compensates.
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Stolthaven Terminals reported an operating profit of $13.8 million, up from $10.5 million, driven mainly by improved utilisation and the results of cost saving initiatives.
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"A rise in demand is likely to not only increase capacity utilisation but may also help revive the investment cycle earlier than expected," Pant said.
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"Co-building and co-sharing would bring great savings in capital expenditure, operating expenditure, as well as improve resource utilisation," Ke said, without giving numbers.
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According to Sumitomo, Sierra Gorda produced about 85,000 tonnes of copper concentrate in 2015 and aims to reach full utilisation by the end of June.
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She added that private refiners' utilisation rate fell to 63.22 percent in the first week of December from 65.71 percent at the start of November.
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The global plan includes the 4,433 job cuts announced in May and will mostly be at factories overseas with low utilisation rates, the person said.
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Companies' capacity utilisation is now above the long-term average while unemployment is set to decline further from its decade-low 2.2%, Norges Bank said.
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The utilisation rate has stabilised at around 150.5000 percent and will likely stay around that level through next March, said company general manager Kyugo Yotsuya.
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International passenger volumes grew by 4.6% year-on-year in April, with aircraft-utilisation rates reaching near-record levels, according to IATA, an industry group.
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Measures of underlying inflation remain generally muted, but labour cost pressures have strengthened and broadened amid high levels of capacity utilisation and tightening labour markets.
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International passenger volumes grew by 4.6% year on year in April, with aircraft-utilisation rates reaching near-record levels, according to IATA, an industry group.
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Dealers were encouraged to take steps "to ensure efficient utilisation of foreign currency that is tilted towards the productive sectors of the economy," it added.
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Secured Funding Still Substantial: CNHI Capital's funding profile and diversification has steadily improved over the past few years, with increased utilisation of unsecured debt markets.
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Weekly utilisation rates at steel mills across the country edged down 26.8854 percentage point from previous week to 65.88 percent this week as of Dec.
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Disney announced in a blog post that it would also be "instituting measures to lower our overall bandwidth utilisation by at least 25%" across Europe.
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Still, average utilisation rates at Chinese refineries were at 76% in 2019, below the global level of 80%-85% and pointing to a capacity glut.
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The ramp-up is expected to be complete in the second quarter of this year and lifts national capacity utilisation to the 48 percent level.
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With 54 vessels currently in lay-up, the CEO expects a gradual improvement in utilisation and that day rates will increase from current low levels.
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That increase came despite seasonal refinery utilisation hitting an 232.37-year high, while a fall in the dollar index gave some support for oil prices.
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The capex commitment for 2017-2019 is HKD0003 billion, as the oversupply of offshore vessels will continue to pressure on utilisation and daily charter hire rates.
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Norges Bank kept its policy rate unchanged at 0.5% in September and projects a gradual increase in 2019 as the economy recovers, and capacity utilisation improves.
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A survey by Longzhong showed the utilisation ratio at 42 independent plants fell to 65 percent this week versus 67 percent in early January, Ding added.
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In 2018, the transfer of land utilisation permits earned 6.5 trillion yuan ($968.53 billion) for local authorities, up a quarter on the year, the study said.
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They said the engine, developed for Boeing and Airbus medium-haul planes, was proving to have higher utilisation rates than a rival model from Pratt & Whitney.
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Utilisation rates at steel mills across China dropped 0.83 percentage points from the previous week to 65.88 percent on Friday, data compiled by Mysteel consultancy showed.
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Utilisation rates at Chinese steel mills across the country stood at a relatively high 71.13% as of June 14, according to data compiled by Mysteel consultancy.
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American capacity utilisation, a measure of how much productive capacity is not idle, may have peaked at a lower level than in previous cycles (see chart).
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The Commerce Department's January 2018 report recommending action on aluminium imports explicitly targeted lifting domestic production capacity utilisation from 39 percent in 2017 to 80 percent.
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"Judging by the profits of companies, high capacity utilisation, persistent economic growth and very low interest rates, investments should have increased much more strongly," Ossig said.
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Limited Capital Expenditure Requirements: The capacity utilisation rates of Huiyuan Juice's production facilities have been low for many years due to over-expansion in the past.
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Employment was up 2.6 percent to 325,500 people, as capacity utilisation among Swissmem companies reached nearly 92 percent, above the long-term average of 86.4 percent.
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"The spreading new virus has prolonged the suspension of China's factory operations and declines in capacity utilisation," said Koya Miyamae, senior economist at SMBC Nikko Securities.
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"Business conditions remain elevated, job security continues to improve and capacity utilisation sits at the highest since 2008," said ANZ's head of Australian economics David Plank.
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Thaicom's profits dropped 59 percent year-on-year in the June quarter and its utilisation capacity is expected to be lower than last year, Intouch said.
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Utilisation rates at steel mills across the country were at a relatively high 71.41% last week as of June 7, data compiled by Mysteel consultancy showed.
|
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The U.S. Energy Information Administration (EIA) said on Thursday that refinery utilisation rates slumped 16.9 percentage points to 79.7 percent last week, the lowest rate since 2010.
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The utilisation rate of 22 percent was the lowest in over six decades, and down from 51 percent in 2015 and 20183 percent in 2014 (tmsnrt.rs/2tQrBtT).
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Even as new coal-fired power stations are being built, the average utilisation of existing coal-fired plants is decreasing, down 10% in the past four years.
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The boost to smelter margins should stimulate higher capacity utilisation and allow raw materials surplus to travel down the supply chain into improved availability of refined metal.
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BCA's support is manifested in the common brand name it shares with BCAF, the provision of funding, and operational alignment, such as utilisation of BCA's branch network.
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Very high rates of refinery utilisation, especially in January and February, resulted in an overhang of refined products that has persisted through the middle of the year.
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Seasonality and Leverage We adjust LFF's debt - and therefore FFO gross leverage - at financial year-end to take into account the company's factoring utilisation during the year.
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That doesn't bode well for producer discipline since Chinese smelters have in the past responded first and foremost to domestic price signals in terms of capacity utilisation.
|
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Most cyclical indicators (including unemployment, capacity utilisation, wages, prices and credit markets) suggest the expansion in the United States and other OECD economies is now fairly mature.
|
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The under-utilisation of women's skills costs the UK economy between 1.3 and 2% of GDP every year — approximately £35 billion ($50 billion) — according to government statistics.
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Jaitley indicated an increase in allocations in the budget, and said India faced a challenge of raising farm productivity through high yielding seeds and efficient water utilisation.
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Sebi said the issuance of rupee bonds, which come under the corporate bond limit, would temporarily cease until the utilisation rate fell back to below 92 percent.
|
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Measures of underlying inflation remain generally muted, but labour cost pressures are continuing to strengthen and broaden amid high levels of capacity utilisation and tightening labour markets.
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"Utilisation rates at mills have reached a relatively high level and it is hard for those who are exempted from the environmental crackdown to improve output," said Zhuo.
|
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Tenants are often willing to pay a yield premium in exchange for terms under which they can be more certain of maximising the utilisation of their work spaces.
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Global capacity-utilisation rates need to be five to ten percentage points higher to give steel mills sustained pricing power, says Michael Widmer, a metals strategist at BAML.
|
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The forecast for world cereal utilisation in 2019/20 rose marginally and now looks set to exceed 2.708 billion tonnes -- up 1.0% on 2018/19 levels, FAO said.
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PRODUCTION RISING The Commerce Department's January 2018 report recommending action on aluminium imports explicitly targeted lifting domestic production capacity utilisation from 39 percent in 2017 to 80 percent.
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Krebber also said higher carbon emission permit prices and low gas prices in the first quarter moved utilisation of RWE's European gas-fired power plants up 10 percent.
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"The board believes Curro is positioned for growth and will focus on increasing utilisation of the existing school infrastructure capacity in the short to medium term," it said.
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So far the company has successfully raised utilisation rates to offset the revenue impact of lower prices, but we think this strategy may eat into margins over time.
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While this proportion has increased since last year as Honda has sought to improve production utilisation in Japan, it still remains lower than those of its key competitors.
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"Looking ahead, strength in business conditions, firms' profitability and an increase in capacity utilisation all point to an improvement in labour market conditions in our view," he added.
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"The emphasis for the palm oil industry should be looking at how to increase the utilisation of technology in order to improve yields," Lee told Reuters in an interview.
|
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Weekly utilisation rates at steel mills across China had risen to 69.48 percent as of April 12, the highest level since mid-July, data tracked by Mysteel consultancy showed.
|
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The NEA said in a statement that the utilisation rate of hydro-power plants in the southwestern provinces of Yunnan and Sichuan should reach around 90 percent by 1003.
|
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CRU estimates that capacity utilisation in China will jump 8.4 percentage points this year to 84.7 percent, on the brink of the 85 percentage point threshold of sustainable profitability.
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In addition, new tools, such as real-time flash campaigns or "sequenced offers," help to address specific issues such as spare capacity utilisation and new customer acquisition more effectively.
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Fitch expects the earnings outlook for 2017 to remain subdued, as management is planning to cut prices to drive volume growth and utilisation rates, which may negatively impact margins.
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A break up of Bouygues would benefit all the remaining operators by improving the market structure and reducing the risk from volatile competition as network capacity utilisation evens out.
|
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Combined with flat demand for shipping by air, the result is that average capacity utilisation across the air-cargo business has fallen to 43.5%, the lowest since the crisis.
|
|
Investment in machinery, equipment and transport vehicles is picking up due to a rise in industrial capacity utilisation and a stronger outlook for both foreign and domestic industrial orders.
|
|
Leverage exposure fell 8% qoq to CHF246bn, led by lower equities utilisation, which is well below the group's short- to medium-term expectation for the division of around CHF325bn.
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Capacity utilisation rates averaged at 81.5% for copper smelters, 87.6% for aluminium smelters and 80.2% for lead and zinc smelters, Jia said without providing figures for the previous week.
|
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Investment in the manufacturing sector will be supported by a recovery in export demand, rising capacity utilisation and improvements in cost competitiveness related to the implementation of the Competitiveness Pact.
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Despite a slight recovery in global oil prices, offshore rig utilisation remains low at about 50 percent compared to 70 percent in 2015, brokerage Maybank Kim Eng said last month.
|
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World cereal utilisation in 2019/20 was forecast at 2.714 billion tonnes, down 1.7 million tonnes from September, but 1.3% higher than in 2018/19 and marking a record high.
|
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Certainly, there is increasing evidence that steel output curbs are starting to take effect, with the utilisation rate at blast furnaces dropping to 71 percent in the week to Nov.
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The model, expected in the U.S. market in the third quarter of this year, will be also "key to recovering the utilisation rate of Hyundai's factory in Alabama", Ko said.
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The branch is integrated into global operations through utilisation of common systems, such as group's core banking and anti-money laundering systems, and through regular reporting, including periodic internal audits.
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BEIJING (Reuters) - Iron ore futures in China extended gains on Monday, rising for the fourth straight session, as higher weekly utilisation rate pointed to firm demand for the steelmaking ingredient.
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Utilisation rate at 247 steel mills across China rose to 78.40% last week from 76.89% in the prior week, according to data compiled by consultancy Mysteel on China's main mills.
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The group also forecast China's crude oil throughput would grow to 675 million tonnes in 173.63, with average utilisation rate at refineries across the country to hold at around 75%.
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Overcapacity has yet to hit passenger vehicles, however, with a "relatively reasonable" 81 percent capacity utilisation rate for the segment, compared with 52 percent for commercial vehicles, the pair said.
|
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Refinery crude runs rose by 414,000 barrels per day (bpd) and refinery utilisation rates rose 2 percentage points to 90.4 percent of total capacity, the highest seasonal rate since 2005.
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That compares to slag utilisation rates of around 98 percent in Japan and 87 percent in Europe, the University of Science and Technology Beijing said in a study published in June.
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"The main problem is the low utilisation rate at zinc smelters, especially at Chinese smelters, because they cut production in Q3 and early Q4," said analyst Dina Yu at consultancy CRU.
|
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Risk-weighted asset utilisation also rose 8% qoq to CHF70 billion, but remains below the medium-term expectation of CHF85 billion, which the group could reach to meet future client demand.
|
|
Employment in the sector rose in the first half of the year, but capacity utilisation is falling and the number of companies introducing reduced working hours is clearly rising, it said.
|
|
Sumitomo Corp, now the largest shareholder in the joint venture after a restructuring late last year, said it expects the plant to run at an average 50 percent utilisation this quarter.
|
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It found that Japan's planned and existing coal capacity could be jeopardised by low utilisation rates and cheaper renewable energy, namely onshore and offshore wind and large-scale solar photovoltaics (PV).
|
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The latest figure (from March) for capacity utilisation for Middle Eastern airlines was just 73%, the lowest since 2006 and worse than at the height of the financial crisis in 2008-09.
|
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It still permits the continued "utilisation" of wild animals for medicine and also allows for them to be used in public performances, something animal rights groups have expressed concern about as well.
|
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Capacity utilisation at the remaining coal-fired units was at or below prior-year levels in six of the first seven months in 223 ("Electric Power Monthly", Energy Information Administration, September 210).
|
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"Investors are lacking confidence about improved U.S. seasonal demand, as a decline in U.S. crude stockpiles (reported earlier this week) was mainly attributable to weaker imports and improved refinery utilisation," ANZ bank said.
|
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It measures progress on 23 indicators, ranging from social welfare (employment, health care) and pollution (air, water, waste) to the built environment (public transport, green spaces) and resource utilisation (energy and water efficiency).
|
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"An integrated intraday market will increase the overall efficiency of intraday trading by promoting effective competition, increasing liquidity and enabling a more efficient utilisation of the generation resources across Europe," the company said.
|
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"Today's agreement marks the utilisation by Greece of its own exclusive economic zone, following in the footsteps of other countries," Tsipras said, referring to a maritime area over which countries have commercial rights.
|
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According to U.S. consulting firm AlixPartners, 2018 capacity utilisation rates at China assembly plants operated by Hyundai Motor Co, Kia Motors Corp, Fiat Chrysler, Renault SA, PSA Group and Ford were below 50%.
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Stable Profitability: We expect HT Global's operating EBITDAR margin to remain stable at around 17.5%-18.0% (2016: 17.9%), as higher utilisation levels and cost savings will likely offset an increase in staff costs.
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The steelmaker posted more than 6 percent year-on-year growth in crude steel production to 4.18 million tonnes in the quarter, aided by higher capacity utilisation at its Vijayanagar and Salem steelworks.
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Fitch expects the loan book to further expand in the medium-term, driven by the increased utilisation of the NEEP (total value of the programme has been increased to BGN2bn by the state).
|
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Global refining is considered to be running at its maximum when capacity utilisation is 22020 percent, the highest level reached in the modern era, BP's head of refining economics Richard de Caux said.
|
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Measures of underlying inflation remain generally muted, but domestic cost pressures are continuing to strengthen and broaden amid high levels of capacity utilisation and tightening labour markets, which is pushing up wage growth.
|
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The utilisation rate of the industry, one of the biggest consumers of copper, has picked up to 60% from 40%-50% a week ago, as more people return to work, the analyst said.
|
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Hydrogen systems could preserve a future role for at least some production, transportation and employment in the oil, gas and coal industries if they were paired with carbon capture, utilisation and storage technology.
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"Once we have the funding, we would start the rehabilitation of the refineries towards a 90 per cent capacity utilisation ... before the end of 2019," No details of any potential financiers were provided.
|
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This could be through a deal with a seller guaranteeing a certain amount of utilisation for a set period, buying an entire business if it meshes well with TowerJazz, or going after new technologies.
|
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But Jim McCaughan told Reuters in an interview the U.S. economy could be near full capacity utilisation, suggesting a risk of inflation and higher borrowing costs, which could eventually lead to a mild recession.
|
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The project does not involve building new infrastructure to process and transport gas after extraction, but it will heighten the utilisation of existing infrastructure, said Lisbet Kallevik, a spokeswoman for gas pipeline operator Gassco.
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"Typically we see refineries cutting in the fourth quarter and the first quarter, and this year we saw refineries running very high utilisation rates" due to the steep contango in the gasoline futures market.
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"We note that with the provisions utilisation continuing as expected, free cash generation is set to turn positive through 2018 - at last a positive and addressable valuation metric emerges," wrote ShoreCap analyst Robin Speakman.
|
|
The company expects to increase its alumina output by 9.1 percent in fiscal year 2016/17 to 2.13 million tonnes and the alumina refinery's capacity utilisation to 93.62 percent from 85.85 percent, Chand said.
|
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Utilisation rates at steel mills in the first week of October - covering China's week-long National Day celebrations - plunged to 56.2%, the lowest in more than seven years, data compiled by Mysteel consultancy showed.
|
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CCGT utilisation rates have been trending upward and reached record levels during the first half of 163 as power producers took advantage of cheap gas and reduced their use of coal-fired power stations.
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With China's steel capacity surplus at around 400 million tonnes and average utilisation rates under 70 percent, Beijing is aiming to shut around 100-150 million tonnes of capacity in the next five years.
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Pharos Research reiterated its "underweight" rating of the stock with a fair value of 21 pounds, saying difficulty in financing working capital would hold the company back from improving utilisation rates at its plants.
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In Monetary Policy Report 2/18, which was published on 21 June 2018, the Executive Board's assessment was that the economic upturn was continuing and that capacity utilisation was close to a normal level.
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We recently analysed ten recognised carbon-utilisation pathways and found that, at the top end, around 10bn tonnes of carbon dioxide a year could be used by 2050, a sizeable chunk of current emissions.
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Stable Profitability but Negative FCF: Fitch expects EBITDA margin to remain stable at around 6% in 7503 and 2018 as Alfamart implements cost controls and the utilisation of new warehouses built in 2016 increases.
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Looking through the recent volatility due to temporary factors, measures of underlying inflation remain generally muted, but labour cost pressures continue to strengthen and broaden amid high levels of capacity utilisation and tightening labour markets.
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Implementing blockchain and artificial intelligence (AI) in the electricity system will reduce daily power consumption peaks and distribute utilisation across the day, possibly curbing the length of any consequent demand-related price spikes, said Berlijn.
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FAO said global food consumption of cereals was set to rise by at least 1.1 percent this year, due to the growing world population, with world cereal utilisation seen rising 1.5 percent in 2019/20.
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The relaxation of fuel economy is evident in the air where airlines have been adding more ultra-long flights and seat utilisation has edged down ("Long-haul flights get longer", Wall Street Journal, April 21990).
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FRANKFURT/PARIS, Jan 26 (Reuters) - STMicroelectronics , Europe's third largest semiconductor maker, on Thursday posted solid, in-line results for the final quarter of 2016, driven by phone, automotive and industrial sales and improved factory utilisation.
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Norges Bank last year tightened monetary policy for the first time since 2011, lifting its rate to 0.75 percent from a record-low 0.5 percent as growth and industry capacity utilisation hit four-year highs.
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If the PSA-Opel deal goes through, shifting Villaverde's production to Zaragoza or Vigo would raise capacity utilisation at the combined group's factories to 85 percent from around 70 percent now, according to Reuters calculations.
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BMW and Great Wall have not yet received permission to build a new plant in Changsu, China and Chinese State Planning authorities last year tightened regulations on adding manufacturing capacity unless factory utilisation rates improve.
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Yim cut her target price for Hyundai stock, saying it will take more than two years for the automaker to return its Chinese factory utilisation rate to 80 percent from at 58 percent at present.
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While India's steel production could rise by around 3-4 percent as imports drop, Fitch said capacity utilisation levels among steel producers are not expected to rise significantly as new capacities come online this year.
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"Non-mining capital stock is historically very low; improvements in capacity utilisation rates have not been matched with by investment; and firms remain in good financial shape to fund investment, with large cash holdings," said Emmett.
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A combination of revenue growth, improved product mix, cost control, efficiency measures and greater fab utilisation will support profit margin expansion as the impact of less profitable parts of the business come out of the mix.
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Maersk Drilling fleet utilisation rates stood at around 61 percent for floating rigs and 71 percent for jack-up rigs, below levels of around 85 percent which historically gave rig owners the power to increase rates.
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"We are of view that the price rebound should not be sustained in view of possible over-expectation of Chinese stimulus, lacklustre auto market, high utilisation rates of Chinese smelters and weak alumina prices," Lau added.
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In addition, I'm told that a lot of road freight businesses are independent owner-operator truck drivers or similarly small in size, meaning it's an industry that suffers from a lot of fragmentation and under utilisation.
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We expect competition to remain intense as capacity utilisation could fall below 2016 levels of 70%-75%, as Jiangsu Changjiang Electronics Technology is aggressively adding capacity and could gradually narrow the technology gap with Taiwanese peers.
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Between 2007 and 2009, amid the turmoil of the financial crisis and ensuing recession, BMW hired, then laid off and then re-hired some 700 temporary workers through a firm called Management, Analysis and Utilisation (MAU).
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Coal-fired power plants, on the other hand, saw a sharp increase in capacity utilisation, running at an average of 45 percent of their full capacity, up from just 36 percent in the same month last year.
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Stolt Tank Containers reported an operating profit of $10.7 million, down from $03 million, as the positive impact of an increase in shipments and higher utilisation were offset by narrowed margins and lower results from joint ventures.
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The new intraday market will not only ensure better utilisation of Europe's resources, but will also create a wider so-called balancing mechanism for its members when they need more electricity than they have expected, said Statnett.
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The ratings and Stable Outlooks on HMC and Kia are supported by their solid financial profile and status as low-cost mass-market auto producers with high capacity utilisation and a well-diversified sales and product portfolio.
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Consolidation Benefits in Medium Term: The benefits from on-going consolidation in the OSAT industry may be realised only in the medium term in the form of higher capacity utilisation, better bargaining power and more stable ASPs.
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If such a deal went ahead we believe the new market structure would reduce pricing volatility by creating three reasonably sized operators with sufficient scale and profitability and a balanced distribution of mobile network capacity and utilisation.
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Oil-exporting Norway last year tightened monetary policy for the first time since 2011, lifting its key rate to 0.75 percent from a record-low 0.5 percent as growth and industry capacity utilisation hit four-year highs.
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South Africa's steel industry body requested the temporary trade barrier because a surge in import volumes had caused the industry "serious injury" in the form of lower sales, output, market share and capacity utilisation, the filing said.
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In its "green industry" catalogue of approved environmental sectors, the NDRC in February still included the production and utilisation of "clean coal", allowing coal companies to issue "green enterprise bonds" to finance the installation of low-emission technology.
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The weekly utilisation rates at blast furnaces in steel mills in China were around 67 percent last month before dipping to 65.75 percent this week as winter restrictions started in mid-November, according to data from Mysteel consultancy.
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KEY ASSUMPTIONS Fitch's key assumptions within our rating case for the issuer include: - An overall projected reduction in utilisation rates within the US and Europe to more normalised rates in 2018 as a result of new capacity additions.
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"Utilisation rates of coal-fired power plants in China are falling rapidly, as new plants enter an electricity system in which renewables have expanded fast and demand has slowed markedly," IEA wrote in its 2016 World Energy Outlook.
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As an expert in kidney transplants specifically, he added that the system for organ transplants in renal cases was based not only in predicted outcomes but also on factors like equity and the optimal utilisation of available organs.
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"This would suggest that already high capacity utilisation will rise more slowly in the future," it said, adding that industry's order book was solid, even if its output failed to live up to expectations in the first quarter.
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"Looking forward, our markets remain good and Spring has seen a good seasonal uplift in fleet on rent, with record levels of physical utilisation for this time of year," Ashtead Chief Executive Geoff Drabble said in a statement.
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"On the one hand, growth in the Norwegian economy is still solid, inflation is close to the target and capacity utilisation is somewhat above a normal level," Olsen said in a speech at a business school in Oslo.
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The company said it had suffered from a very low rate of capacity utilisation because of a working capital shortage after the devaluation of the Egyptian pound; it expects to cover the working capital gap gradually in coming quarters.
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JX, whose metal unit is Japan's biggest copper smelter, is now aiming to reach near full utilisation at Caserones by the end of September, Executive Officer Katsuyuki Ota told a news conference for the company's full-year earnings results.
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The utilisation rate at copper semi fabricators, which process the metal into products such as wire-rod or tubes, has picked up to 60% from 40%-50% a week earlier as more people return to work, the analyst added.
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Mark Moerdler of Sanford C. Bernstein, a research firm, thinks that once Microsoft tapers its investments in data centres and their utilisation goes up, it could approach the margins enjoyed by AWS, which reached more than 30% in the last quarter.
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The cuts include the 4,800 already announced in May, and will mostly be at factories overseas with low utilisation rates, said the person familiar with the matter, adding that the move would be announced along with financial results on Thursday.
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The employee utilisation rate has improved to around 0003%-79% during 1Q17 from 70% in 2015-1H16, while the billing rate has been stable at around USD72-76 per hour for onsite billing and USD7503 per hour for offshore billing.
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Indian passenger vehicle sales for the year ended March 31 grew at 7.24 percent, according to SIAM, but the total capacity utilisation for passenger vehicles for car makers in the country is only about 60 percent, the trade body has said.
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The cuts include the 4,800 already announced in May, and will mostly be at factories overseas with low utilisation rates, the source said on the condition of anonymity, adding that the move would be announced along with financial results on Thursday.
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GISS, Qatar's most heavily traded stock, gained 0.9 percent after it said it had taken steps boost its asset utilisation rates; operating charges would now be indexed to crude oil prices, enabling positive changes when oil prices increased, it said.
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"We are also investing in advanced technologies to enable greater efficiency and lower emissions in transport, carbon-free hydrogen fuels, and carbon capture, utilisation and storage (CCUS)," Ahmad al-Saadi, Aramco's senior vice president for technical services, said in the statement.
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"In light of concerns regarding the current ability of certain broadband infrastructure to handle the anticipated consumer demand for Disney+, the service will now feature a lower overall bandwidth utilisation by at least 25%," the company said in a statement.
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"There is still upside potential for coal industry to increase the utilisation rate as it takes time for miners to release high-quality coal capacity and to resume production after meeting environmental and safety standards," the bureau said in the statement.
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"Certain developments in the market, including that of the Gulf region, as well as our continued efforts to enhance internal efficiencies, has resulted in the review of our network, fleet and crew utilisation," a Jet spokesman said in an emailed statement.
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The biggest holder of Hyundai Motor preferred shares, the Norway-based Skagen Kon-Tiki fund, expects the automaker to get back on track over the next couple of years, with new SUVs, recovering emerging market currencies and better plant utilisation.
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"The initial response for the Santa Fe is positive," said Koo Zayong, a Hyundai executive, adding the model will raise the utilisation rate of its U.S. factory to above 90 percent in the fourth quarter from the second-quarter's 86 percent.
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Hellenic, which operates three refineries in Greece and exports more than half of its output, said refining sales volumes, thanks to high utilisation rates of its refineries, outweighed a 20 percent drop in benchmark refining margins and higher provisions for CO2 emissions rights.
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"Utilisation rates at refineries are picking up as they have started to see profit margins coming out of the red in recent weeks," said Wang Zhao, head of crude oil research at Sublime China Information Co, in comments ahead of the data release.
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The investment is part of a plan announced by FCA last year to spend 5 billion euros in Italy between 2019-2021 to help the group to launch its first electric and hybrid models and to fill capacity utilisation at its Italian plants.
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"It may not be advisable to effect a sudden abandonment of coal based power plants without complete utilisation of their useful lifetimes as it would lead to stranding of assets that can have further adverse impact on the banking sector," the survey said.
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The utilisation rate of China's steel mills was about 20163 percent last year, down from 80 percent in 2008, and the situation may actually get worse this year, as the China Iron & Steel Association expects additional capacity to be commissioned in 2016.
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"Inflation and productivity are rising, capacity utilisation by the companies is at the highest level, and order backlog is excellent," the regional branch of IG Metall in the populous western state of North Rhine-Westphalia, home to industrial companies like Thyssenkrupp, said.
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The tariffs, which have increased frictions with U.S. trading partners worldwide and prompted several challenges before the World Trade Organization, are aimed at allowing the two U.S. metals industries to increase their capacity utilisation rates above 80 percent for the first time in years.
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We also forecast operating EBITDAR margin to decline slightly to around 16%-17% (2015: 18%) because of a larger share in the revenue mix of services delivered at customers' premises, which are more costly, and stable employee utilisation rates of around 70%-7l% (2015: 71%).
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"We can speak of sustainable growth when there are sustainable growth drivers such as higher investment, low capacity utilisation, rising households' incomes, which with some delay filters into consumer demand, which drives the economy," said Andrey Movchan, an economist at the Carnegie Moscow Centre.
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Weekly utilisation rates at steel mills across China had risen to 67.27% as of last week from 66% in July, when top steelmaking hubs in northern China stepped up production restrictions in heavy industry to improve air quality, data compiled by Mysteel consultancy showed.
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After holding its benchmark interest rate unchanged at -21.2274% as expected, the Riksbank pointed to high resource utilisation and inflation close to target as indications that the economy would remain strong in the short term, supporting plans to hike later this year or early 20.1.
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The utilisation rate for the coal mining and coal washing sectors rose to 69 percent in the third quarter, up 10.6 percentage points from same period a year ago, reaching the highest level since 2015, the statistics bureau said in a statement on Monday.
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On the supply side, truck drivers and large fleet managers accept jobs via the Ontruck app on a first-come-first-claim basis in accordance with their schedule and whereabouts, thus "increasing the utilisation of their assets, and getting paid automatically, on-time and with reliability".
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"Given the length of long-haul commercial travel, and the rules around crewing and take-off and landing time slot restrictions at airports, we think a re-usable rocket (especially if not land-based) would have materially better utilisation rates than a commercial plane," UBS said.
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But with the Kochi LNG terminal in southern India being under-utilised due to lack of infrastructure connecting the terminal to the main gas demand areas within the region, the government could be exploring ways to increase the terminal's utilisation, Poorna Rajendran, a consultant at FGE said.
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With more than three quarters of firms suffering losses as a result of a price-sapping capacity surplus, China vowed in early 2016 to shut 150-150 million tonnes of annual production in five years in a bid to raise profitability and utilisation rates in the sector.
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"Swatch looks like a prisoner of its own high upstream integration given the low flexibility; it appears stuck between the rock of suffering inventory build-up to keep utilisation high, and the hard place of suffering gross margin compression," Exane BNP Paribas analyst Luca Solca said in a note.
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"While spending by oil majors is expected to increase, we do not envisage a quick recovery for the offshore business, which continues to be under pressure from weak utilisation of the existing operating fleet, coupled with a supply overhang of new builds," Chief Executive Loh Chin Hua said at a briefing.
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Shuanghui has also turned to Smithfield's sales network to win contracts with international restaurant and hotel chains who are more experienced at handling chilled meat than wholesalers, said Pan Guanghui, general manager at Zhengzhou Shuanghui Food Limited Co. Boosting sales volumes will also lift the utilisation capacity across Shuanghui's 18 plants.
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RATING SENSITIVITIES Negative: Future developments that may, individually or collectively, lead to negative rating action include: - Worse-than-expected performance or lower equity returns leading to an FFO-adjusted net leverage of over 3.25x on a sustained basis - Operating EBITDAR margin declines to below 15% due to lower employee utilisation rate or loss of key customers.
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Contact: Principal Analyst Tatiana Bobrovskaya Director +7 5003 956 5569 Supervisory Analyst Giulio Lombardi Senior Director +39 02 8790 87214 Fitch Italia SpA via Morigi 6 20123 Milan Committee Chairperson Pablo Mazzini Senior Director +44 0003 3530 1021 Summary of Financial Statement Adjustments Fitch adjusts the company's net debt by adding back factoring lines (EUR557 million utilisation in FY17).
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DERIVATION SUMMARY Marble II's credit rating of 'BB' is supported by its market position as a mid-tier Indian IT services provider, which we believe to be stronger than that of HT Global IT Solutions Holdings Limited (BB/Stable) in terms of operating scale, domain expertise especially in the banking, financial services and insurance sectors and higher utilisation rate.
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DERIVATION SUMMARY Marble II's credit rating of 'BB' is supported by its market position as a mid-tier Indian IT services provider, which we believe to be stronger than that of HT Global IT Solutions Holdings Limited (BB-/Stable) in terms of operating scale, domain expertise - especially in the banking, financial services and insurance sectors - and higher utilisation rate.
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John-Paul Smith of Ecstrat, a noted bear on China, argues that Whilst the majority of industrial enterprises have reacted to the slowdown in demand in a rational manner by reducing capex as proportion of sales, the aggregate impact of their actions is exacerbating the pronounced deflationary tendencies in the broader economy, so that capacity utilisation at the majority of enterprises is still falling, while debt levels continue to move higher.
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Although the effect of the fiscal stimulus will ease, we believe private consumption will remain dynamic due to good performance in the labour market, and solid population growth, including refugees' inflow and continuous strong immigration from the EU. Investment in construction will remain solid due to the sustained rise in house prices, and equipment and machinery investment is likely to continue its recovery due to high current utilisation rates and solid external demand, notably from the main European trading partners including Germany.
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KEY ASSUMPTIONS - Net rental fleet addition of 7,000 vehicles in 2016 - Stable RevPac (average daily rental revenue per short-term rental vehicle) and utilisation rate of 63%-64% - Flattish revenue contribution from UCAR - EBITDA and EBIT margins maintained at 2015 levels - CNY073m cash outlay for share buybacks in 2016 - No common dividends RATING SENSITIVITIES Negative: Developments that may, individually or collectively, lead to negative rating action include: - Closer ties with UCAR, including (but not limited to) higher revenue contribution and higher share ownership - FFO-adjusted net leverage sustained above 3.0x - EBITDA margin sustained below 45% (FY27234: 2852%) - EBIT margin sustained below 215% (FY29935: 217%) - Sustained negative FCF after share buybacks.
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