Cement News: Corporate

18 August 2016

Dalmia quarterly results

Dalmia Bharat announced its unaudited consolidated financial results for the quarter ended 30 June 2016. Dalmia performed well in the period, achieved through a focus on branding, customer centricity and cost optimisation. The company reported that it achieved an EBITDA margin of 29...

18 August 2016

Sagar Cement to invest US$22m in new capacity

India-based cement producer Sagar Cement has announced that it plans to spend INR1.45bn (US$22m) over the next two years to expand its operations, the Hindu reports. The sum includes INR660m (US$10m) to purchase a 1....

17 August 2016

US: HeidelbergCement moves closer to acquiring Essroc

HeidelbergCement AG and its Italian rival Italcementi SpA, the owner of Nazaerth-area Essroc operations have agreed to divest certain assets to settle the Federal Trade Commission's charge that the proposed US$4.2bn ...

19 August 2016

Cementos Argos 2Q16 US results remain strong

For the second quarter Cementos Argos' cement volumes decreased by 1.9 per cent, totalling 3.5Mt, as a result of a challenging market environment in Colombia. These results were compensated by the US regional divisio...

Philippines: Republic Cement confident despite environmental crackdown 17 August 2016

Philippines: Republic Cement confident despite environmental crackdown

Republic Cement has vowed to continue with its expansion plans and has said that it is "ready" to face an environmental audit from the Filipino government, ABS-CBN News reports. The Department of Environment and N...

17 August 2016

India: JK Lakshmi to expand Rajasthan mine

JK Lakshmi Cement has received environmental clearance for expansion of its limestone mine output in Rajasthan, entailing an investment of INR1.20bn (US$17.94m). The mined limestone will be supplied to a cement plant...

Egypt: Siemens to launch Sicement Electrification system 17 August 2016

Egypt: Siemens to launch Sicement Electrification system

Siemens Egypt will on Thursday launch its new Sicement Electrification System at the “Bringing Power to Cement Industry” forum in Cairo, Daily News Egypt reports. Egyptian cement manufacturers have been hit by ris...

19 August 2016

Denmark: FLSmidth 2H16 revenues fall 19%

FLSmidth's revenue decreased 19 per cent to DKK4135m (US$620.7m) in 2Q16 (2Q15: DKK5093m  or US$764.5m). The revenue improved sequentially from 1Q16 but was nevertheless lower than expected in 2Q16. The gross prof...

16 August 2016

United States: Sunrise reports progress on Pozz Ash project

Sunrise Resources has said that it has made “positive progress” in the development of its natural pozzolan Pozz Ash cement, Proactive Investors reports. Based on preliminary results from a concrete producer testin...

19 August 2016

Germany: KHD suffers 1H16 revenue fall by 25.5%

KHD's 1H16 revenue amounted to EUR66.6m, considerably lower than the figure for the previous year (EUR89.4m). Reasons for the decrease of 25.5 per cent are the relatively low order backlog at the beginning of the yea...

16 August 2016

Magnesita reports US$45.4m net income in 1H16

Brazil-based Magnesita Refratários SA registered net income of US$45.4m between January and June of 2016, after a US$5m loss in the first half of 2015. The performance was driven by better operational results and for...

16 August 2016

USA: Martin Marietta elects new Board members

Martin Marietta Materials Inc has appointed a new independent director to its Board of Directors. John J (Jack) Koraleski, former chairman of the Board of Directors and CEO of Union Pacific Corporation, was elected t...

15 August 2016

India: Shree Cement profits hit US$76m in 1QFY16-17

In its trading results for the first quarter of FY2016-17, Shree Cement has seen its profits improve to INR5.1bn (US$76m). This represents an increase of 388 per cent on the same period last year. Cement sector re...

18 August 2016

Krasnoselskstroymaterialy chases profits in Poland and Russia

Belarus cement producer Krasnoselskstroymaterialy is optimistic that its finances will return to the black by the end of 2016, reports BelTA news agency. The enterprise will seek to boost its exports to Russia and P...

15 August 2016

Nepal: Arghakhanchi Cement to expand capacity to 1Mta

Arghakhanchi Cement is to spend NPR4.13bn (US$38.6m) expanding the output of its cement plant from 1200tpd to 3000tpd, giving it a nominal capacity of around 1Mta. The Kathmandu Post reports that the company has also...

15 August 2016

UAE: Fujairah Cement sees 48% drop in revenues

Fujairah Cement Industries saw its revenues fall by 48 per cent to AED164.2m in 1H16 from AED315m in 1H15. The UAE-based company saw its profit for the period ended 30 June 2016 more than halve from AED33.3m to AED1...