Cement News: Corporate

24 October 2016

India: ACC commissions Sindri grinding unit

ACC Ltd's 1.35Mta Sindri cement grinding unit in Jharkhand, which is a part of the Jamul Integrated project, has also been commissioned and commercial production has commenced with effect from 22 October 2016. The company's two cement grinding units in Jamul and at Sindri, totalling ...

24 October 2016

Van Aalst and Heila Cranes sign cooperation and distribution aggreement

Agreement signing between Van Aalst Bulk Handling and Heila Cranes Van Aalst Bulk Handling and Heila Cranes have signed an exclusive cooperation and distribution agreement. Giampiero Traetta, CEO of Heila ...

24 October 2016

Qalaa Holdings to sell stake in ASEC Algeria Cement

Egypt-based Qalaa Holdings has signed a preliminary agreement to sell its entire 100 per cent stake in ASEC Algeria Cement for some US$60m, according to Reuters.

24 October 2016

Egypt: mixed 9M16 results for Suez and Tourah

Suez Cement reported a net profit of EGP49.6m (US$5.59m) for the first nine months of 2016. For the third quarter the company saw losses of EGP-66.9m, an increase from EGP-63.3m the previous year. Tourah Cement im...

China: Gansu Qilianshan Cement  9M16 net profit up 223% 24 October 2016

China: Gansu Qilianshan Cement 9M16 net profit up 223%

Gansu Qilianshan Cement Group Co Ltd, a subsidiary of Sinoma, reported a net profit hike of 223.3 per cent YoY to CNY204m for the first nine months of 2016.

21 October 2016

China Resources Jan-Sep net profit declines 35%

China Resources Cement reported a 35 per cent fall in net profit for the first nine months of 2016 as weaker revenues impacted profits of the Hong Kong-listed cement producer. Net profit in Jan-Sep declined to HKD8...

Indonesia: new Indocement plant commissioned 21 October 2016

Indonesia: new Indocement plant commissioned

Indonesia’s Minister of Industry, Erlangga Hartarto has commissioned a new cement plant of PT Indocement Tunggal Prakarsa Tbk in Cileungsi, Bogor District, West Java. "The government appreciates the use of high te...

21 October 2016

HeidelbergCement appoints new Board of Directors for Italcementi

The HeidelbergCement 19 October shareholder meeting establisheda new Board of Directors for Italcementi. The new members are Luca Sabelli (chairman), Dominik von Achten (executive vice president), Lorenz Näger (execu...

21 October 2016

Saudi Arabia: Eastern Province and Tabuk Cement see fall in 3Q16 profits

Eastern Province Cement Co and Tabuk Cement are the latest Saudi cement producers to post a fall in third-quarter profits amid lower sales and higher production costs. Eastern Province Cement Co posted a 35.8 per ...

21 October 2016

Myanmar: June Cement project to continue despite local opposition

The management of June Cement has said that the firm has no plans to return land to local communities and will instead press on with its project to construct a new plant in Kyaikmayaw township in the southeast of the...

20 October 2016

Argos Honduras to add capacity at San Lorenzo

Colombia’s Cementos Argos has announced plans to construct a new cement plant in San Lorenzo, Valle, southern Honduras. The project represents an investment of US$25m. “Argos will consolidate its presence in the c...

20 October 2016

India: JSW Cement to go public by FY19

Parth Jindal, managing director of JSW Cement, has told the Deccan Herald newspaper that his company will issue its first public shares when it reaches 20Mta capacity. “We will go for IPO once we reach a capacity ...

21 October 2016

LafargeHolcim Côte d'Ivoire to double capacity in 2017

LafargeHolcim Côte d’Ivoire has announced it will double its capacity in the west African country to over 2Mta in 2017. The capacity increase will take place as the company’s sixth grinding unit enters service at ...

21 October 2016

Saudi Arabia: Northern Cement sees 43% profit fall in 3Q16

Northern Region Cement Co reported a 42.83 per cent decline in net profits to SAR30.09m (US$8m) in 3Q16 from SAR52.64m a year earlier.  Profits also decreased 38.16 per cent QoQ, according to the company's statement ...

20 October 2016

Saudi Arabia: Yanbu, All Jouf and Saudi Cement see fall in 3Q16 profits

More Saudi cement producers have reported a fall in profits for the third quarter of 2016. The decline in profits were attributed to lower sales and a drop in average selling prices as competition intensified amid we...

21 October 2016

Tunisia: Carthage Cement increases domestic market share

Carthage Cement's turnover for the first nine months ended 30 September 2016 grew 17 per cent, compared to the same period in 2015. It sold cement to the value of TND149m (US$66.2m) compared to TND125.5m (US$55.7m)  ...