Indocement, part of HeidelbergCement and the company's largest source of profit in emerging countries, increased its first-quarter turnover by 15.5% to IDR2943.9bn (€231.6m) and the trading profit improved by 8.2% to IDR1060.8bn (€83.5m) while the net attributable profit rose by 10.3% to IDR867.5bn (€68.3m). In the three months, cement accounted for 90.1% of turnover, ready-mixed concrete for 8.7%, aggregates for 0.8%, with other activities representing less than 0.5%.
The upgrading of the No. 2 kiln line at the Gorazdze Cement works in Silesia was completed in April and represents the biggest investment undertaken by the Polish cement producer.
Ghana Cement is investing US$26m in its cement works at Tema to raise the annual cement capacity from 1.2Mt to 2.2Mt. Work is just starting and completion is scheduled for the third quarter of next year.