Corporate

25 July 2014

Pacasmayo cement volumes rise 3.5% in first six months

Peruvian producer Cementos Pacasmayo reported a 3.5 per cent increase in cement sales volumes for the first six months of the year, exceeding the national average of 0.84 per cent. Consolidated sales increased 2.9 per cent YoY in the first half of 2014. Higher cement sales and a 57.2...

25 July 2014

Paraguay: INC to increase output by 25% by March 2015

Following the upgrade of its cement mill at Villeta, Paraguay's Industria national de Cemento (INC) expects to increase its production by 25 per cent from March 2015, according to the company's president, Jorge Mende...

25 July 2014

Jaiprakash considers restructuring operations

Jaiprakash Associates plans to consolidate its entire cement manufacturing operations under one company that it will eventually list on the stock exchanges, according to local press reports. An official source famil...

25 July 2014

Lafarge sells Pakistan cement operations

Lafarge announced the sale of its cement operations in Pakistan for an enterprise value of US$329m to local producer Bestway Cement. Lafarge Pakistan Cement Ltd, in which Lafarge owns a 75.86 per cent stake, operate...

25 July 2014

National Cement Co to receive IFC cash injection

Kenya-based National Cement Co Ltd (NCCL), a member of the Devki Group of Companies, is to receive a KES5.9m (US$70m) cash injection from the International Finance Corp (IFC) to fund its two-phase expansion project. ...

25 July 2014

Eurocement faces losing Uzbekistan unit

Russian cement major Eurocement is facing the loss of its facility in Uzbekistan in a nationalisation drive by the central Asian country. An Uzbek economic court in Tashkent has annulled Eurocement's 2006 acquisiti...

24 July 2014

Egypt: Qena Cement 1H profit rises 14% YoY

Egyptian cement producer Qena Cement’s first-half net profit increased by 14 per cent YoY to EGP165.3m (U$23m) compared with EGP144.9m a year earlier. The company’s sales for the six months to the end of June 2014...

24 July 2014

Holcim (Russia) new CEO appointed

Guillermo Brusco has been appointed CEO of Holcim (Russia), effective 1 July 2014. He replaces Gustavo Navarro.  Mr Brusco’s responsibility will cover the strategic development of Holcim Group companies in Russia. ...

24 July 2014

Eagle advances cement volumes by 4%

In the first quarter of its financial year to 31 of March 2014, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 17 per cent to US$298.8m.  The trading profit a...

24 July 2014

Suez Cement 1H earnings rise on cost control efforts

Suez Cement Group of Companies (SCGC) posted an increase in revenues and earnings for the first half of 2014 which it attributed in part to cost control measures. While the outlook for cement demand is more encouragi...

24 July 2014

Al-Jouf Cement returns to quarterly profit

Al Jouf Cement has posted a 16.4 per cent rise in second-quarter net profit following five consecutive quarterly declines. A gradual improvement in shipments for the three-month period is also leading the Saudi-based...

24 July 2014

SCCC second-quarter net profit down, Thailand

Siam City Cement Co (SCCC), Thailand's second-largest cement producer, posted a nine per cent YoY decline in 2Q14 net profit to THB1.47bn (US$46m) due to foreign exchange losses and declining equities revenue from as...

23 July 2014

Vecoplan names Eschenhorst VP of cement unit

Uwe Eschenhorst has been named VP – Cement Business Unit at Vecoplan LLC.   Eschenhorst joined Vecoplan in 2012 as vice president of its Alternative Fuels and Energy Competency Center. Prior to that he was environmen...

23 July 2014

Loesche delivers slag mill to Taigang Group

Loesche has delivered the world’s largest slag mill to Taigang Group International Trade Co, Ltd, German equipment specialists have said in a statement. Loesche received the order for a vertical mill type LM 63.3+3 ...

22 July 2014

RAK Cement swings to first-half net profit, UAE

Preliminary first-half results for Ras Al Khaimah Cement (RAK Cement) show that the UAE-based producer achieved a net profit of AED3.2m (US$871,198) compared to a loss of AED1.6m in the equivalent period of last year...

22 July 2014

Oman: OCC profit rises despite drop in sales

Oman Cement Co (OCC) posted a 4.3 per cent rise in net profit before tax for the first six months of this year, despite a drop in sales. The sultanate’s second-largest cement producer by capacity reported a pretax p...