Corporate

20 May 2016

USA: Lafarge cancels Joppa expansion

Lafarge North America has put an end to expansion plans at the Joppa Cement Plant, Massac County, Illinois. A spokeswoman for Lafarge, Robin De Carlo, said that the cancellation of plans to install a third kiln at the Illinois plant was due to the two kilns already in operation meeting...

20 May 2016

Tanzania: Tanga Cement seeks to cut costs as profits fall

Tanga Cement has said that it will concentrate on cutting costs in an effort to counteract falling revenues, the Citizen reports. The company, whose profit fell to TZS8.24bn (US$3.8m) in 2015, held its annual gene...

17 May 2016

Brazil: Magnesita 1Q16 income

Magnesita Refratários SA announced a net income of US$22.7m between January and March of 2016. The publicly-traded Brazilian Corporation focusses on mining and the production and sale of refractory materials and indu...

17 May 2016

Rizkan Chandra new Semen Indonesia President Director

Semen Indonesia's Board has elected Rizkan Chandra as new President Director at its Annual General Director. The current term of his appointment runs until 2020. Mr Chandra was born in Jakarta on 27 January 1969. ...

20 May 2016

Barbados: Arawak reports improved performance

Arawak Cement Co Ltd of St Lucy, Barbados, announced a turnaround in its finances in 2015. While it did not release any hard data, it described 2015 as a “very encouraging” year. The company reported improved operati...

16 May 2016

Zimbabwe: Sino Zimbabwe sales decline

Sales for Sino Zimbabwe Cement Company (SZCC) have declined by 15 per cent in the first quarter, in comparison with the same period last year. A further decline in sales this quarter has been projected by the company...

20 May 2016

Semen Indonesia to invest US$2.2bn over next five years

Semen Indonesia President Director, Rizkan Chandra, has announced that his company is to invest IDR30tn (US$2.2bn) over the next five years. The funding will be split between existing operations, entry into new marke...

16 May 2016

Zimbabwe: Dangote investment

Nigerian billionaire Aliko Dangote has said he will not rescind on the decision to invest in Zimbabwe, despite negative reports concerning the country’s economy. Mr Dangote said in an interview that he currently ha...

20 May 2016

Bolivia: Yacuses expected to produce cement in December

Work on the 0.87Mta Yacuses cement plant, owned by Itacamba Cemento, in the Germán Busch province of Bolivia, 590km from Santa Cruz, has been completed by 70 per cent, according to the latest reports in the local pre...

20 May 2016

Cementos Argos reports 1Q16 EBITDA up 38%

Cementos Argos reports that 1Q16 volumes across all regional divisions represent healthy dynamics in all the markets where the company is present, especially in the US, where cement dispatches increased 47 per cent. ...

13 May 2016

Negative order intake of EUR1.1m for KHD in 1Q16

Order intake in the first quarter of 2016 was negative at EUR-1.1m. This is due to the low level of new business (EUR12.8m), order cancellations and reductions (EUR-9.1m) the company stated as well as the effects of ...

13 May 2016

ThyssenKrupp Industrial Solutions set for 'planet' reorganisation

The Industrial Solutions business area, the engineering and construction arm of the thyssenkrupp Group, is being reorganised as part of the transformation programme “planets”. The aim is to secure growth, enhance per...

20 May 2016

Titan 1Q16 results boosted by US growth

Titan Group posted robust growth in sales and operating performance in 1Q16, primarily on the back  of the US market, as well as the improved operation of the plants in Egypt. Consolidated turnover reached EUR337.8m,...

20 May 2016

Suez Cement hit by Egyptian pound devaluation

In its quarterly earnings statement for 1Q2016, Suez Cement announced that it has seen cement volumes rise 15.6 per cent YoY. However, net profits for the quarter have fallen to just EGP2m (US$0.2m), down from EGP58m...

13 May 2016

LafargeHolcim: cement volumes up 1.4% but revenues flat

In its results for 1Q16, LafargeHolcim announced that cement volume sales rose by 1.4 per cent YoY with the Asia-Pacific region accounting for most of the improvement. Like-for-like revenues were almost unchanged on ...

13 May 2016

Cementir's 1Q16 revenue falls 1.1% to EUR218.9m

Cementir has announced that its results for the 1Q16, despite being lower than the previous year, are in line with management expectations and show a strong performance of operations in the Scandinavian countries, Ma...