International

06 March 2015

Titan Egypt's profits decline, but Greece and the USA recover

Titan's turnover improved by 2.7 per cent in 2014 to EUR1158.4m but the EBITDA emerged 2.6 per cent lower at EUR181.6m. Following an 8.5 per cent reduction in the depreciation charge, the trading profit advanced by 7.0 per cent to EUR76.6m. The net financial charge increased by 6.2 ...

06 March 2015

Bamburi Cement pretax profit grows by 5.5%

Bamburi Cement of Kenya yesterday announced a 5.5 per cent increase in pretax profit from KES5.5bn (US$1.8bn) to KES5.8bn in its full-year results for 2014. Group’s turnover increased by six per cent from KES34bn in ...

06 March 2015

Pakistan shipments advance over first eight months

Total cement shipments over the first eight months of the current Pakistan fiscal (July-February 2015) rose eight per cent YoY, according to data by the All Pakistan Cement Manufacturers’ Association. The advance was...

06 March 2015

Yanbu Cement Co signs contract for WHR plant

Yanbu Cement Company (YCC), one of Saudi Arabia’s leading cement companies and a major player in the western region of the kingdom, has signed a contract for the establishment of a 34MW waste heat recovery (WHR) powe...

05 March 2015

SCG Indonesia on course to launch operations in 3Q15

SCG Indonesia, part of SCG Cement is set to launch operations of its first cement plant in Indonesia during the third quarter of the year. The US$356m cement plant, situated in Sukabumi, West Java, is slated to prod...

05 March 2015

Lafarge told to suspend operations in Slovenia over enviro permits

Slovenian producer Lafarge Cement said on Wednesday that the country’s environment inspectorate has ordered the plant to suspend operations for lacking environmental permits. The inspectorate acted following a rece...

05 March 2015

Semen Indonesia targets higher 2015 revenue and profit

Semen Indonesia is targeting a 2015 profit of IDR5.93trn (US$456m), up from IDR5.56trn in 2014, the Kontan newspaper reported, quoting Ahyanizzaman, Semen Indonesia's finance director. The country’s largest cement m...

05 March 2015

Iran 11-month export update

Iran exported 17.5Mt  of cement and clinker in the first 11 months of the current Iranian fiscal year (21 March  2014-19 February 2015), according to the industry's association. Secretary of Iran's Cement Industry ...

04 March 2015

Tunisia: Bizerte cuts cement price

Ciment de Bizerte is lowering its whole-sale cement price from MAD149.9/t to MAD147.9/t for bagged cement while bulk cement will cost MAD127.4/t to MAD130.4/t. Earlier Carthage Cement had announced a drop in its pric...

05 March 2015

Vietnam monthly sales remain flat

Vietnam’s cement sales remained flat at 5.87Mt in January compared to the month before, the Ministry of Construction said on its website Tuesday. Of the sum, 4.37Mt were sold in the domestic market, while 1.5Mt were ...

05 March 2015

Cimpor sales rise 6% in 2014

Cimpor’s turnover eased by 0.8 per cent in 2014 to EUR2603.7m while the EBITDA declined by 6.7 per cent to EUR645.6m. The trading profit emerged 7.9 per cent lower at EUR448.8 and the net financial charge declined b...

03 March 2015

Pakistan sales seen rising 8% in FY15 on higher domestic demand

Pakistan cement sales are expected to rise by six per cent in the first eight months of the current fiscal, The Express Tribune reported citing provisional data compiled by Topline Securities. However, monthly ceme...

03 March 2015

Shree commissions cement mill at Chhattisgarh, India

Shree Cement has commissioned a 2.6Mta cement mill at Baloda Bazar near Raipur in Chhattisgarh, India, on 24 February 2015, the company informed the Bombay Stock Exchange. Shree Cement’s eight cement plants in Raja...

02 March 2015

Northern Cement Jordan to install new line

Saudi Arabia's Northern Cement Co said Thursday that Jordan-based Northern Cement-Jordan, in which it holds 99.35 per cent, has decided to install an additional clinker production line. In preparation for the expan...

02 March 2015

Russian demand expected to fall 15% YoY

Russian cement demand is expected to decline by 15 per cent this year on the back of a reduction in housing and infrastructure development, according to forecasts by CMPRO. A recent note by the research house states...

27 February 2015

Indonesian demand forecasts

Indonesian cement market growth could reach 10 per cent this year driven largely by government infrastructure projects, according to forecasts by the country’s Ministry of Industry. Toeti Rahajoe, the ministry's dir...