Corporate

06 May 2015

CRH four-month sales in line with expectations

CRH group sales from continuing operations in the first four months of 2015 increased by 2.5 per cent YoY, in line with the company's expectations. This performance was largely driven by continued positive momentum in the Americas, where the economic and business environment remains up...

06 May 2015

Semapa acquires 50% stake in Supremo Cimentos, Brazil

Semapa and Secil, through its Brazilian subsidiary, entered into an agreement for the acquisition of a 50 per cent stake of the Brazilian company Supremo Cimentos. With this acquisition, the companies now indirectly ...

06 May 2015

Raysut reports sharp fall in operating profit on rising costs

Oman-based Raysut Cement Co said operating profit fell sharply by 26.7 per cent in the first quarter of 2015 due to a doubling of the price of natural gas supplied by the government and rising transportation costs. ...

06 May 2015

Mexico: Elementia plans 1.5Mta plant expansion at Atotonilco

Mexico’s Elementia conglomerate announced it will invest US$250m to expand capacity at its Atotonilco de Tula plant in Hidalgo, operated by Cementos Fortaleza. Following completion of the project in 2017, the plant...

06 May 2015

South Africa: PIC increases stake in PPC

The Public Investment Corporation (PIC) had increased its investment in PPC to 15.165 per cent, the South African cement producer yesterday. The PIC confirmed in December when the AfriSam Group made a non-binding ...

05 May 2015

Vicat sees growth in USA but weak volumes in Europe & Turkey

Vicat's first quarter turnover emerged 0.1 per cent ahead at €537m, which represents an underlying decline of eight per cent. The cement turnover improved by 5.9 per cent to €341m, as cement shipments declined by 7.7...

05 May 2015

Holcim and Lafarge obtain merger clearances in the United States and Canada

Lafarge and Holcim have received final approval for their proposed merger from the competition authorities in the USA and Canada. All competition approvals necessary for closing the transaction have now been obtai...

05 May 2015

Buzzi Unicem’s bid for bankrupt Sacci expires upon creditors’ rejection

Buzzi Unicem’s offer to buy Sacci SpA has expired after being rejected by the banks and creditors and the bidder is no longer bound to any commitment, the Italian cement major announced. “We inform that the populati...

05 May 2015

Holcim Indonesia's 1Q15 revenue declines on weak demand

Holcim Indonesia recorded a decline in sales revenue of five per cent to IDR2.25trn in the first three months of the year, as volumes were down by seven per cent, reflecting the contraction in domestic demand over t...

05 May 2015

Martin Marietta first-quarter sales up 66%

Martin Marietta reported consolidated first quarter net sales of US$631.9m compared with US$379.7m a year earlier, an increase of 66 per cent. Aggregates product line volume increase of 17.1 per cent, aggregates pro...

01 May 2015

Argos acquires Puerto Rico operations

Argos acquired a stake of 60 per cent in Wetvan Overseas, a company that controls a terminal for receiving, storing, selling and distributing cement in Puerto Rico, for an amount of more than US$18m. The remaining 40...

01 May 2015

Egypt: Suez Cement sees 3% fall in 1Q15 revenues

Suez Cement Group of Companies (SCGC), part of the Italcementi Group, saw revenues decline three per cent in the first three months of the year versus the same period of 2014. EBITDA for the quarter also fell by 4...

01 May 2015

Holcim Philippines has PHP2bn capex plan

Holcim Philippines Inc will set aside PHP2bn (US$44.8m) for its capital expenditures (capex) this year to boost capacity in a bid to meet rising demand amid sustained construction activity nationwide. The company not...

01 May 2015

Oman Cement’s new mill on target for 4Q15

The installation of a new cement mill at the Rusayl complex of Oman Cement Company will be completed by the fourth quarter of this year, chairman of the board, Dr Abdullah Abbas Ahmed, told the Oman Daily Observer. ...

30 April 2015

Holcim 1Q15 net income boosted by Thai divestment

Holcim reported a significant rise in net income for the first quarter of 2015, largely as a result of the divestment of its shareholding in Siam City Cement. Adjusted operating profit and margins also increased desp...

30 April 2015

Eurocement backs Holcim-Lafarge merger

Eurocement Holding AG, Holcim Ltd's second-largest shareholder, said it supports the Swiss cement maker's planned merger with Lafarge SA . "Having analysed all advantages and disadvantages of a possible creation of ...