Corporate

12 February 2016

India: Ambuja Cements reports flat growth in full-year volumes

Ambuja Cements, part of the LafargeHolcim group, reported flat sales growth for the 12 months ending 31 December 2015. The company underlined that during the year the Indian cement market largely remained subdued although there was a 5.2 per cent rise in volumes during the final quar...

12 February 2016

Suez Cement results impacted by lower selling prices, higher energy costs

Suez Cement Co, part of the Italcementi group, reported an 8.3 per cent drop in consolidated revenues for 2015 to EGP5.64bn (US$720m) from EGP6.15bn a year earlier. It recorded a net loss after non-controlling intere...

12 February 2016

Gulf Cement Co returns to profit, UAE

Gulf Cement Co reported net profits of AED24.54m (US$6.7m) in the fourth quarter of 2015, against losses of AED13.3m (US$3.62m) in the same quarter of 2014, according to a bourse filing on Thursday. Profits reached ...

12 February 2016

Pakistan: Cherat Cement 1HFY16 profit rises 6%

Pakistan producer Cherat Cement Co reported a profit after tax of PKR676.2m (US$6.48m) in the first half of FY16 versus PKR639.8m a year earlier, which translates to a six per cent YoY rise. The company reported s...

12 February 2016

Southern Province Cement Line 2 due for end-June completion

Work on Southern Province Cement's second production line at its Bishah plant in Saudi Arabia has been delayed, according to a company statement to the Saudi bourse. The company added that 83 per cent of the proje...

12 February 2016

Cuba: Mártires de Artemisa to produce 142,000t in 2016

Empresa de Cemento Mártires de Artemisa in Mariel, Cuba, is  expected to produce 142,000t or some 30 per cent of total domestic cement output this year. Mártires de Artemisa produces P-225 cement and also has start...

12 February 2016

Cementir boosted by Scandinavia and Italy

Cementir reported yesterday in its 2015 preliminary figures that improved performances in Scandinavian countries and Italy, plus a stable contribution from the Far East group area offset lower earnings in Turkey and ...

11 February 2016

Boral reports increase in underlying net profit after tax

Boral reported a 23 per cent increase in net profit after tax before significant items to AUD137m (US$97m) for the six months ended 31 December 2015, reflecting improvements in margins, stronger housing activity in t...

11 February 2016

Attock Cement first-half profits up by 12.5% YoY

Pakistan-based Attock Cement earned a 12.5 per cent rise in profit after tax of PKR1152m (US$11m) in the first half of 2016 compared to PKR1024m reported in the comparative period of the previous year. Net sales w...

11 February 2016

Algeria: Aïn Kebira receives stock exchange go-ahead

Aïn Kebira, a subsidiary of Groupe Industries de Cimenterie d’Algerie (GICA), has received the approval of the Algerian Commission of Stock Exchange Organisation and Surveillance (COSOB) to list its shares on the Alg...

11 February 2016

Martin Engineering names new COO

Robert Nogaj has been named Chief Operating Officer (COO) of Martin Engineering. Mr Nogaj will be responsible for all facets of the company’s business, including R&D, manufacturing, sales, marketing and finance. W...

10 February 2016

Change in LafargeHolcim leadership in India

LafargeHolcim announced yesterday that Martin Kriegner, currently Area Manager Central Europe, will be appointed Head of India, effective 1 March 2016. He will report to Eric Olsen, Group CEO, and succeed Bernard Ter...

10 February 2016

Fitch affirms Siam Cement at 'A(tha)', Outlook Stable

Fitch Ratings (Thailand) Ltd has affirmed The Siam Cement Public Co Ltd's (SCC) National Long-Term Rating at 'A(tha)', National Short-Term Rating at 'F1(tha)' and its senior unsecured debentures at 'A(tha)' with a 'S...

10 February 2016

Martin Marietta Materials reports record full-year net sales and profitability

Martin Marietta Materials Inc reported its results for the 12 months to the end of December 2015 with record full-year net sales and profitability. Consolidated net sales in 2015 reached US$3.3bn from US$2.7bn a ye...

10 February 2016

New Holcim Romania CEO appointed

Sofiane Benmaghnia has been appointed the new CEO of Holcim Romania, effective 1 April 2016. He replaces François Petry who took over as CEO of Aggregates Industries, the UK subsidiary of the recently-formed LafargeH...

10 February 2016

Mexico: Holcim launches new cement

Holcim México has launched a new cement, Holcim Fuerte, on the local market. The product is targeted at the self-construction and housing sector. The new product offers a 30 per cent improvement in terms of mixing...