Corporate

22 October 2014

Lafarge Pakistan launches new precast cement

Lafarge Pakistan held a launch ceremony for its new specialised OPC, Stallion, an early-setting cement formulated to meet the needs of the precast industry. Marketing director, Rizwan Jamil,  said, “Pakistan’s cement industry remains quite basic due to lack of initiatives by the pla...

21 October 2014

Trinidad Cement 9M14 revenues rises TTD97.2m

Trinidad Cement Ltd (TCL) has seen its revenues rise by TTD97.2m (US$15.4m) in the first nine months of 2014. Revenues increased to TTD1.587bn from TTD1.49bn when compared with the same period last year. Profit after...

24 October 2014

Thailand: Siam Cement suffers market dip

Thai domestic cement demand dipped around three per cent YoY in 3Q14, as no new infrastructure projects broke ground during 9M14, while many old projects were completed, claims the Nation paper. The weaker demand pro...

20 October 2014

UltraTech sees 47% rise in net profit

UltraTech Cement reported a 47 per cent YoY increase in its consolidated net profit to INR4.16bn (US$67.9m) for July-September, driven by a strong volume growth of 11 per cent and additional volumes from Jaypee’s cem...

20 October 2014

TPI Polene to invest THB3bn to double WtE power plant capacity

TPI Polene, Thailand’s third-largest cement producer intends to spend THB3bn (US$93m) to double the capacity of its waste-to-energy (WtE) power plant in Saraburi to 120MW. Pakkapol Leoprirut, assistant vice-presid...

20 October 2014

Sagar Cement posts INR2.82 net profit

India-based reported a net profit of INR2.82bn in the quarter ended 30 September 2014, compared with a INR115m loss the previous year. The cement maker’s revenues rose by 23.6 per cent to INR1.25 in the July-Septe...

17 October 2014

Cemex Lloseta completes environmental upgrade

Cemex’s 0.804Mta Lloseta plant in Mallorca, Spain, has concluded its US$16m environmental upgrade. The work included noise abatement systems, paving roads for heavy traffic as well as erecting covered raw material an...

17 October 2014

Maruxa Suarez is new Lafarge Villaluenga plant director

Maruxa Suarez has been appointed as the new plant director of Lafarge’s Villaluenga de la Sagra works in Toledo, Spain. She replaces Mariano Garcia Hoyos, who was appointed industrial director of Lafarge Malaysia. ...

17 October 2014

Matteo Rozzanigo new FYM CEO

Matteo Rozzanigo has been appointed as CEO of FYM, Italcementi’s Spanish subsidiary. He is tasked with positioning the company in a cement market, which is expected to stabilise and recover slowly after a prolonged c...

16 October 2014

Holcim and Lafarge to identify non-core assets in India for divestment

Holcim and Lafarge have begun an internal process in India to identify assets which have to be divested to adhere to the requirements of the country’s Competition Commission. Two sources familiar with the matter t...

16 October 2014

Siam Cement 3Q earnings’ outlook

Siam Cement is expected to post a weak net profit for the third quarter of 2014, down 29 per cent YoY and 18 per cent QoQ, according to analysts at SCB Securities. The YoY drop reflects: no extra gain from the rev...

15 October 2014

UltraTech to bid for Lafarge Holcim assets?

UltraTech Cement is reportedly eyeing cement assets being put on the block by Holcim and Lafarge ahead of their planned merge Local press have speculated that the Aditya Birla group company is more interested in Hol...

15 October 2014

Oman Cement nine-month net profit declines

Oman Cement Co (OCC) made a net profit of OMR11.4m in the first nine months of 2014, down 8.1 per cent from OMR12.4m in the same period last year, the producer said in a bourse statement on Tuesday. In third quarter...

15 October 2014

Yanbu Cement 3Q profit up 16.4%, Saudi Arabia

Saudi-based Yanbu Cement net earnings grew by 16.43 per cent YoY in the third quarter of 2014 to SAR163m, but declined by 32.37 per cent compared to 2Q14. The company said the third quarter annual increase was was ...

16 October 2014

Raysut posts 8.9% increase in 9M13

Oman-based Raysut Cement said in a bourse filing that it made a net profit after tax of OMR20.9m (US$54.3m) in the first nine months of 2014, up 8.9 per cent from OMR19.2m in the year-ago period. The company poste...

14 October 2014

Barclays raises target price for CRC, maintains rating

Barclays Research raised its target price for China Resources Cement to HK$5.91 (US$0.76) from HK$5.79 and maintained its "equal weight" rating. Despite the strong cement price in southern China so far this year, t...