Cement Industry News tagged under: Corporate

16 May 2017

Raysut receives offer for its share in Oman Portuguese Cement Products

Raysut Cement has received an offer for its share in Oman Portuguese Cement Products from a local company, the producer disclosed in a filing to the Muscat Securities Market on Monday. As part of a diversification strategy, in 2001 Raysut moved into ready-mix concrete and other ceme...

16 May 2017

China Resources Cement expects significant increase in 1H attributable profit

China Resources Cement said it expects he Group's profit attributable to the owners for the six months ended 30 June 2017 to significantly increase as compared with that of the corresponding period in 2016. The expe...

16 May 2017

RAK Cement Co 1Q profit down 70%

Ras Al Khaimah Cement Co reported a decline in profits by 69.8 per cent YoY during the first quarter of 2017, according to a bourse filing. Profits reached AED1.38m (US$38,110) in 1Q17, compared to AED4.57m (US$1.2...

16 May 2017

Paolo Zugaro appointed general manager of Cementir Holding

The Board of Directors of Cementir Holding SpA on 11 May 2017 appointed Paolo Zugaro as General Manager of the company. Effective 1 May, Mr Zugaro is also Chief Operating Officer for the entire group. Paolo Zu...

Graymont completes sale of New York Materials business to Upstone 16 May 2017

Graymont completes sale of New York Materials business to Upstone

Graymont, supplier of lime and limestone products, has completed the transaction to sell its New York Materials business to Upstone Materials Inc. The New York Materials business is focussed on providing constructi...

15 May 2017

Saudi Cement net profit down 37%

Saudi Cement has registered a 37 per cent drop in its net profit for the first quarter of SAR165m (US$44m) versus SAR265m (US$70.5m) attributed to lower volumes and selling prices amid slugglish demand. Despite wea...

Buzzi Unicem first quarter volumes ahead 18 May 2017

Buzzi Unicem first quarter volumes ahead

Buzzi Unicem's first-quarter turnover improved by 8.9 per cent to EUR588.5m. Net debt at the end of March was 4.1 per cent higher at EUR979.9m, while capital expenditure was reduced by 29 per cent to EUR49.2m. Cement...

15 May 2017

Nevada Cement Co to reduce emissions, upgrade pollution controls

The US Environmental Protection Agency announced an agreement with the Nevada Cement Company to install new air pollution control technology at its Nevada facility and replace a heavy-duty diesel truck and a diesel r...

15 May 2017

Eagle Cement Corp prices IPO at PHP15

Eagle Cement Corp has priced its initial public offering (IPO) at PHP15 (US$0.30)/share, following the recent approval of its public listing by the Philippine Stock Exchange (PSE), to raise up to PHP8.63bn. The fi...

15 May 2017

National Cement post 1Q loss

National Cement Co of Egypt reported losses of EGP40.4m (US$2.2m) in the first quarter of fiscal year 2016-17 against profits of EGP19.7m for the same period that year before, as shown by the company’s unaudited fina...

12 May 2017

Cementos Argos 1Q revenues impacted by Colombia

Cementos Argos posted a 6.1 per cent decline in consolidated revenues for the first three months of the year, citing a challenging first quarter affected mainly by Colombia. Over 70 per cent of revenues and EBITDA ...

12 May 2017

Cementir benefits from acquisitions

Cementir's first-quarter turnover rose by 33 per cent to EUR279.9m while on a like-for-like basis the improvement was just 0.5 per cent. EBITDA improved by 7.9 per cent to EUR23m, with only the Nordic countries showi...

12 May 2017

Tunisia: Bizerte sees turnover up 7.5% but loss aggravates

Tunisia’s Ciments de Bizerte has reported a TND22.179m (US$9.175m) loss in 2016, increasing the loss from TND6.61m the previous year. Turnover reached TND61.451m, a YoY increase of 7.5 per cent when compared with ...

12 May 2017

Lafarge France to modernise Martres-Tolosane unit

Lafarge France will invest EUR100m in the modernisation of its cement plant at Martres-Tolosane in Haute-Garonne, France. The company is currently selecting a contractor to carry out the work, which is scheduled t...

12 May 2017

Raysut Cement Co net profit down 62%

Raysut Cement Co reported a 61.76 per cent decline in its net profit in 1Q17 impacted by lower sales volume and increased tax rate, according to its quarterly report submitted to the Muscat Securities Market on Tuesd...

11 May 2017

Titan 1Q results driven by US market

Financial results for Titan Group in the first quarter of 2017 recorded an improvement, primarily due to the continued recovery of the US market. All geographic regions where the group operates recorded higher sales ...