Cement News: Corporate

24 February 2017

USA: Summit cement profits rise 45% on back of higher volumes and prices

In a trading statement for 2016, Summit Materials has announced that profits at its cement business rose by 45.1 per cent YoY, with volumes rising by 37 per cent and prices increasing by 7.5 per cent. Summit’s cement segment produced revenues of US$250m in 2016, with profits reachin...

24 February 2017

South Korea: Sungshin Cement back in the black in 2016

South Korean cement producer Sungshin Cement Co Ltd improved its revenues by 1.2 per cent to KRW686.6bn in 2016 from KRW678.7bn, according to the country’s Financial Supervisory Service. The company’s operating pr...

24 February 2017

Holcim to invest EUR900,000+ in Carboneras in 2017

Holcim has earmarked EUR900,000 to carry out a series of capex projects in 2017 at its Carboneras plant in Spain. Projects will include a system for collecting and treating rainwater and improve the roofing on some m...

24 February 2017

Brazil: Votorantim/ArcelorMittal to combine steel businesses

ArcelorMittal Brasil SA and Votorantim SA announced the signing of a definitive agreement, which will see Votorantim's long steel businesses in Brazil, Votorantim Siderurgia, become a subsidiary of ArcelorMittal Bras...

ARM cement plans Kenya capacity boost 24 February 2017

ARM cement plans Kenya capacity boost

Kenya's ARM Cement plans to expand its grinding capacity at its Athi River plant in Kenya to add 0.5Mta of cement to the company's production. "We are completing a grinding plant expansion in Athi River which will...

23 February 2017

Mexico: Elementia 4Q16 and 12M16 results

Elementia announced its financial and operating results for the 4Q16 and 12-month period ended 31 December 2016 with net sales increasing by 36 per cent in 4Q16 and 12 per cent in 12M16, reaching US$5.45bn and US$19...

Pakistan: Kohat Cement earnings up 4% YoY 23 February 2017

Pakistan: Kohat Cement earnings up 4% YoY

Kohat Cement reported earnings of PKR2.2bn (US$20.98m) in 1HFY17 compared to PKR2.1bn reported in the same period last year, up four per cent YoY.   The result accompanied a second interim cash dividend of PKR8/shar...

23 February 2017

Pakistan: Bestway Cement to acquire Dewan Cement

Dewan Cement Ltd and Bestway Cement Ltd have both separately informed the Pakistan Stock Exchange (PSX) that they are signing a memorandum of understanding (MoU), wherein Bestway will acquire Dewan Cement, subject to...

22 February 2017

Peru: Cementos Yura Q4 profit falls by 20%

Cementos Yura has announced that its profits for4Q16 were down by 20.1 per cent YoY to PEN40.2m (US$12.4m), reports Business News Americas. The firm saw sales revenues fall by 3.3 per cent, while administrative co...

22 February 2017

Lucky Cement: Karachi expansion scheduled for end-2017

Lucky Cement Ltd is currently undergoing a series of investments in capex projects. Its 1.25Mta Karachi plant expansion poject is scheduled to be operational by the end of 2017, while the company is still in the pro...

22 February 2017

Oman Cement annual profit up 10% as production rises

Oman Cement has announced that its profits rose by 10 per cent in 2016, to OMR12.87m (US$33.4m). In an earnings statement to the Muscat Securities Market, Oman Cement said that sales revenues rose by 8.5 per cent,...

23 February 2017

UK: Hanson reopens GGBS grinding plant

Hanson has re-opened its ground granulated blast furnace slag (GGBS) grinding plant at Teesport Docks in Middlesbrough, UK, creating 20 new jobs. The plant was mothballed during the recession in 2009, but the upturn...

21 February 2017

India: Ambuja net profit leaps 85% in 4Q16

LafargeHolcim-owned Ambuja Cement reported a 85.2 per cent rise in its consolidated net profit to INR2.057bn (US$30.7m) for the fourth quarter ended 30 December 2016 from INR1.11bn in 4Q15. Ambuja’s total income f...

21 February 2017

Pakistan: Gharibwal Cement's energy-generating conveyor is operational

Gharibwal Cement Ltd informed Pakistan Stock Exchange (PSX) that its downhill conveyor belt project has now started commercial operations. The 3.15km-long conveyor belt can transport 1200tph raw material (crushed li...

21 February 2017

Indonesia: Kupang Cement to start work on new Kupang plant

Kupang Cement Indonesia's third factory in Kupang will soon be realised, according to the Governor of East Nusa Tenggara, Frans Lebu Raya. "The preparation phase has been completed. The groundbreaking ceremony is ...

21 February 2017

India: Burnpur Cement to launch new PPC product

Burnpur Cement Ltd has informed BSE that the management has decided to launch new Pozzolan Portland Cement (PPC) from its Patratu plant by the third week of April 2017. After the production of PPC, the capacity ut...