Cement News: Corporate

26 August 2016

India Cements to develop Coromandel limestone

India Cements has proposed the development of the Coromandel limestone mine in Chilamkur and Kalamalla, Mandal Yerraguntla, Andhra Pradesh. The project represents an investment of INR1650m (US$24.6m), including the cost of the land. The 413ha site would yield around 3Mta of limeston...

26 August 2016

Cherat Cement posts FY16 results, plans second line

Pakistan's Cherat Cement Company Ltd (CHCC) has announced its FY16 results, which saw the company reporting a profit after taxation of PKR1.405bn (US$13.4m) compared to PKR1.288bn in last corresponding financial year...

26 August 2016

Kenya: Bamburi reports KES4.27bn profit

For the 1H16 Bamburi Cement Ltd reported a pre-tax profit of KES4.27bn (US$42.12m), compared to KES4.5bn achieved in 1H15. Turnover for the six months stood at KES19.11bn (US$188.5m) versus KES19.32bn for the same...

26 August 2016

Belarusian Cement to merge with Minsk Silicate Materials

Belarusian Cement Plant, located in the Kostiukovichi Mogilev region, is set to incorporate OAO Minsk Silicate Materials Plant. The merger is due to be finalised by December 2016. The Belarusian Cement Plant will ...

CRH more than doubles EBITDA to EUR1.12bn in 1H16 25 August 2016

CRH more than doubles EBITDA to EUR1.12bn in 1H16

CRH plc announces that its 1H16 sales increased by 35 per cent to EUR12.7bn and EBITDA more than doubled on the same period a year ago to EUR1.12bn. Building material sales rose on a proforma basis by eight per cent ...

25 August 2016

Aalborg Portland close to sealing Belgian acquisition

Danish cement company Aalborg Portland has acquired Belgian cement company Compagnie des Ciments Belges (CCB) for DKK2.30bn (US$349.81m). The acquisition increases Aalborg Portland's operations by 20 per cent and ...

Bolivia: Soboce receives new kiln 25 August 2016

Bolivia: Soboce receives new kiln

Bolivian cement company Sociedad Boliviana de Cemento (Soboce) has received a vertical kiln, the first to will installed in Bolivia, as part of Illimani LP12 project. An FLSmidth OK 36-4 mill will also be fitted...

25 August 2016

Pakistan: Cherat Cement sees FY1516 profits rise 9%

Cherat Cement Company has reported a rise in net profits of 9.1 per cent for the year ending June 30, 2016, Pakistan's The News reports. Profits reached PKR1.4bn (US$13.3m) on sales revenues of PKR7.1bn – the latter ...

24 August 2016

Cemex to commission new 1Mta Colombian plant in December

Cemex expects to bring its new cement plant in Maceo, Antioquia, Colombia online at the end of this year, according to Carlos Jacks, president of the Mexico-based cement producer. The new works will have a capacit...

25 August 2016

Egypt: South Valley profits up 33%

South Valley Cement announced a net profit increase of 33 per cent for the 1Q16. A net profit of EGP42.85m (US$4.82m) was registered in the quarter compared to EGP32.35m for the same quarter in the previous year. ...

25 August 2016

Argos Board approves sale 20% stake in Argos Panamá

The Board of Cementos Argos has approved the sale of 20 per cent of shares of Argos Panama for the sum of US$126m. Buyer is the Grupo Provivienda, controlled by Federico Salazar, a Colombian-Panamanian investor. T...

23 August 2016

China: Anhui Conch profits down 29% for 1H2016

In its trading statement for the first six months of 2016, Anhui Conch has reported that its net revenues fell one per cent YoY to CNY24bn (US$3.6bn), while profits slipped further, falling by 28.8 per cent to CNY3.4...

23 August 2016

Peru: Cementos Pacasmayo to split operations

Cementos Pacasmayo SAA and subsidiaries announced that its Board of Directors have approved the separation of its phosphate operations Fosfatos del Pacifico (FOSPAC) from its cement operations. Ownership of FOSPAC wi...

25 August 2016

Birla completes acquisition of Reliance Cement

Birla Corporation announced that is has completed the acquisition of Reliance Infrastructure subsidiary, Reliance Cement. The deal was valued at about INR48bn (US$715.6m). Reliance Cement becomes a wholly-owned subsi...

23 August 2016

Cementos Avellaneda to invest in Canuelas logistics centre

Argentina’s Cementos Avellaneda will invest in a logistics centre in Canuelas. The company, which is a joint venture between Votorantim Cimentos and Cementos Molins, acquired a 9000m 2 plot in an industrial complex ...

25 August 2016

Peru: Votorantim to buy assets of Cementos Orotongo

Votorantim Cimentos has made an agreement with Concesur (Consorcio Cementero del Sur) to purchase the cement assets of Cementos Orotongo acquired by Votorantim in 2012 from Cimpor. The deal is worth US$4m and incl...