Corporate

31 July 2015

Tororo cement invests US25m in expansion

Uganda’s largest cement manufacturer has earmarked UGX86bn (US$25m) towards the plant expansion. Tororo Cement Ltd will upgrade its cement plant at Tororo, northeast of Kampala, from 1.8Mta to 3Mta with new grinding capacity Brij Mohan Gragrani, Tororo Cement's executive director, sai...

30 July 2015

Holcim's profits hurt by the strength of the Swiss currency

Holcim's cement deliveries declined by two per cent to 67.6Mt in the first six months, and the underlying advance was 2.1 per cent. Shipments of aggregates rose by 3.4 per cent to 72Mt and ready-mixed concrete delive...

31 July 2015

Nigeria: BUA's 3Mta Obu plant to start operations

BUA Group is about to release cement from its newly-built US$600m Obu plant in Okpella, Edo State, with clinker production already operational. Cement should be dispatch from the 3Mta facility in the first week of Au...

30 July 2015

HeidelbergCement benefits from strong North American improvement

HeidelbergCement's first-half results show an 11.2 per cent increase in turnover to EUR6470m. EBITDA improved by 22.3 per cent to EUR1052m, while the trading profit advanced by 27.5 per cent to EUR672m. The net inter...

30 July 2015

Zambia has potential for Dangote Cement

Dangote Group of companies has continued its expansion plans in the cement industry with another plant target in Lusaka. Dangote will officially launch its Masaiti cement plant project on 4 August. The official comm...

30 July 2015

Italcementi aims to sell out to HeidelbergCement as consolidation gathers pace

Italcementi's first-half turnover recovered by 5.8 per cent to EUR2167.5m and the running EBITDA improved by 5.3 per cent to EUR324.5m. Helped by a reduction in the impairment charge, the trading profit improved by 9...

04 August 2015

Brazil: Cade issues fines of US$934m

Brazil's antitrust watchdog, Cade, has ordered six cement makers named in a price-rigging case to pay a combined BRL3.1bn (US$934m) in fines within a month in a landmark decision that also orders asset disposals. U...

30 July 2015

Thailand: Siam Cement raises net profit

Siam Cement PCL, Thailand's largest industrial conglomerate, beat market expectations with a 63 per cent rise in quarterly net profit, boosted by better petrochemical margins and a pick-up in domestic cement demand. ...

31 July 2015

China: Shanshui Cement turn down share disposal offer

Shanshui Cement's chairman and general manager, Zhang Bin, has told the press that in response to the possible acquisition of company shares from CNBM and Asia Cement China, company shareholders have decided to decli...

31 July 2015

HeidelbergCement to acquire Italcementi

Eleven days after the completion of the acquisition of Lafarge by Holcim to form LafargeHolcim, HeidelbergCement has agreed to acquire Italcementi, with a combined cash and share issue for the 45 per cent controlling...

30 July 2015

LafargeHolcim 2H15 roadmap released

LafargeHolcim has announced its roadmap for the second half of 2015 as it releases half-year results for Lafarge SA as well as Holcim Ltd, the predecessor company of LafargeHolcim Ltd. Eric Olsen, CEO of LafargeHolc...

29 July 2015

Lafarge EBITDA up EUR52m in 1H15

Lafarge's cement volumes for the second quarter of 2015 were down three per cent due to a fall in export sales as the two per cent volume rise in domestic markets could not entirely offset the decline overseas.  Volu...

30 July 2015

Morocco: Cimar sees 10% net profit rise in 1H15

Ciments du Maroc (Cimar) reported a 7.6 per cent YoY rise in turnover to MAD1.93bn (US$197m) for the first half of 2015. The positive sales figures in Doukkala-Abda region, which advanced by 20.4 per cent,  contribut...

29 July 2015

USA: Essroc acquires slag cement grinding unit from Holcim

Essroc has signed an agreement to acquire the slag cement grinding facility located in Camden, New Jersey, US from Holcim (US). As part of the transaction, Essroc will also obtain Holcim’s cement terminal in Everett,...

28 July 2015

Ambuja cement 2Q15 profit declines 45%

Ambuja Cements Ltd reported a 45 per cent drop in net profit for the quarter ended June on account of a lower operating profit and a INR220m (US$3.4m) depreciation charge. The company posted a net profit of INR2.26...

28 July 2015

Vietnam Yen Binh Cement posts VND278bn revenue in 1H15

Yen Binh Cement JSC reported revenues of VND278bn (US$12.74m) in the first half of this year, thanks to its expanding markets. In the period, the firm sold 308,000t of cement and exported 480,000t of clinker, fulfi...