Cement News: Corporate

21 February 2017

Paraguay: INC's Vallemi dryer online in March

Paraguay’s Industria Nacional de Cemento (INC) expects to commission the new pozzolana dryer at its Vallemi plant next month. In addition, work on the plant’s fuel conversion is also progressing well, having been completed 80 per cent, according to INC CEO, Jorge Méndez. The i...

20 February 2017

Kuwait: Gulf Cement Co to produce oil well cement

Gulf Cement Co was granted a permit for the production of oil well cement from the American Petroleum Institute. Gulf Cement reported a 27.1 per cent fall in profits to KWD4.141m (US$13.56m) in FY16 from KWD5.683m...

17 February 2017

South Korea: preferred bidders named in US$567m Hyundai deal

Hanil Cement Company and LK Investment Partners have been named as the preferred bidders to acquire Hyundai Cement, reports South Korea's Pulse. The two firms submitted a bid of KRW650bn (US$567m) for an 84.56 per...

17 February 2017

UAE: Arkan’s profits fall by 25% in 2016

Arkan Building Materials has seen its annual profits fall by a quarter to AED75.7m (US$20.6m), according to reports in Construction Week Online. The company, which is the UAE’s single largest cement producer by in...

Saudi Arabia: Southern Province reports 48% fall in 4Q profits 17 February 2017

Saudi Arabia: Southern Province reports 48% fall in 4Q profits

Southern Province Cement reported a decline of 48 per cent in its profits for the fourth quarter of 2016. Profits in 4Q16 fell to SAR156m (US$41.6m) from SAR300m in 4Q15. Southern Province Cement is part of a tren...

17 February 2017

Kazakhstan: Rudny cement plant online in 2017

Rudny Cement Factory LLP is scheduled for commissioning in Rudny, Kostanai region, later this year, according to the town’s mayor, Bakytzhan Gayazov. The 0.5Mta plant represents an investment of KZT14.8bn (US$46.4...

Saudi Arabia: Najran Cement receives export licence 17 February 2017

Saudi Arabia: Najran Cement receives export licence

Najran Cement obtained an export licence from the Saudi Ministry of Commerce and Investment. The licence was received on 15 February 2017 and is valid for one year, according to the company’s statement to the Tadaw...

17 February 2017

Turkey: Akcansa Çimento sees 1.8% rise in FY16 net profit

Akcansa Çimento reported largely-stable revenues of TRY1.46m (U$398.1m) for 2016, when compared with TRY1.46bn in 2015. FY16 net profit increased to TRY286.4m in 2016, up 1.8 per cent YoY. in 2015, the company reco...

23 February 2017

PPC will strengthen its hand with AfriSam merger

The focus of a potential merger in South Africa between two major cement producers caught the eye this week. PPC and AfriSam already have a significant stake in the country’s cement market and by merging PPC would ex...

16 February 2017

Boral's Australian cement turnover declines

Boral's turnover for the six months to the end of December declined by 4.6 per cent to AUD2093m (EUR1497m), largely reflecting the transfer of US Bricks to joint venture status and the completion of two LNG projects ...

16 February 2017

Mixed 1HFY17 results for Pakistani cement producers

The latest series of business results of Pakistani cement producers show a mixed performance during the first half of the 2017 financial year. DG Khan Cement Company DG Khan Cement Company Ltd (DGKC) has announ...

16 February 2017

India: NTPC seeks partnership for new plant

NTPC Ltd, India’s largest energy conglomerate, plans to expand its business interests into the cement industry, with a view to manufacture cement using fly ash from its power stations and create captive demand for el...

16 February 2017

Eurocement signs LoI for Uzbek cement plant

Russia’s Eurocement and Uzbekistan’s Uzqurilishmateriallari have signed a letter of intent (LoI) to build a cement plant in Uzbekistan. The new 2.4Mta works is expected to raise Eurocement’s production capacity in...

16 February 2017

India: Prism results point to mild demonetisation impact

Prism Cement has released its trading statement for the three months to December 2016, revealing that cement sales volumes have only been slightly harmed by the impact of demonetisation. The firm sold 1.20Mt of ce...

16 February 2017

Qatar: QNCC invites BoD applications

The Board of Directors of Qatar National Cement Company (QNCC) is welcoming applications from its shareholders to apply for nomination of the Board of Directors as representatives of the private sector for next three...

17 February 2017

USA: Martin Marietta 4Q16 and full-year results

For the 4Q16 Martin Marietta achieved net sales of US$889m compared with US$780.8m in the 4Q15. EBITDA was US$229.7m compared with US$204.4m in 4Q15. For the full year, net sales were US$3.58bn, compared with US$3....