02 August 2017

Cemex - July 2017

Cemex' first-half turnover eased by 0.2 per cent to US$6703.9m, while EBITDA declined by 6.4 per cent to US$1248.1m. The trading profit, however, improved by 14.2 per cent to US$959.5m, while net interest payments increased by three per cent to US$537.5m. The pretax profit improved by ...

02 August 2017

Titan - July 2017

Titan's first-half turnover improved by 6.9 per cent to EUR773.8m and EBITDA advanced by 18.9 per cent to EUR142.1m. Following a 5.3 per cent reduction in the depreciation charge, the trading profit rose by 43.7 per ...

02 August 2017

HeidelbergCement - July 2017

HeidelbergCement Bangladesh's 1H results show an 11.7 per cent reduction in turnover to the equivalent of EUR613m while the net attributable profit dropped by some 34 per cent to EUR7.47m, or BDT718.34m. The compa...

02 August 2017

LafargeHolcim - July 2017

LafargeHolcim’s Kenyan subsidiary Bamburi Cement is expanding the capacity of its Athi River grinding centre by 0.9Mta. The work should be completed by the middle of 2018. Meanwhile, in India ACC’s first-half ceme...

24 July 2017

China National Building Materials (CNBM) - July 2017

CNBM has said that it expects its net profit for the 1H17 to increase substantially, compared to the same period last year. According to press reports, building activity in the country remains strong with new cons...

24 July 2017

PPC - July 2017

Darryll Castle is stepping down as CEO of PPC. Johan Claasen, managing director, has stepped into the role as an interim measure. Mr Castle has said he is leaving to pursue other interests but will be available to th...

24 July 2017

PT Indocement - July 2017

October last year saw PT Indocement add 4.4Mta of production capacity at a new plant in Citeureup, West Java, taking the company’s total capacity to 25Mta. June this year saw cement consumption on West Java fall by 3...

24 July 2017

Anhui Conch - July 2017

China’s Anhui Conch is to build a new cement plant in the Terengulsky district of the Ulyanovsk region, Russia. The plant is believed to have a cement production capacity of 5000tpd. Work on the new facility is expec...

24 July 2017

UltraTech Cement - July 2017

As part of its ongoing expansion plans, and hot on the heels of its acquisition last month of Jaiprakash Associates Ltd and Jaypee Cement Corporation Ltd, UltraTech cement has announced it is to build a new integrate...

24 July 2017

Dangote Cement - July 2017

Two global ratings agencies have rated Dangote Cement high for its financial strength, describing its outlook as stable. Moody’s has assigned three high ratings to the cement producer, including a first time Ba3 corp...

24 July 2017

Cementos Argos - July 2017

The US Federal Trade Commission (FTC) has finally approved Argos USA’s purchase of the Essroc cement plant in Martinsburg, eight cement terminal in the mid-Atlantic and related assets from HeidelbergCement and Italce...

24 July 2017

Semen Indonesia - July 2017

Semen Indonesia saw its total cement sales volume fall by 18.3 per cent in June this year to 1.82Mt, compared to 2.23Mt in the same month in 2016. Domestic sales volumes slipped by 29 per cent to 1.54Mt, while export...

03 July 2017

Votorantim - June 2017

Votorantim has started operations at its Sivas works in Turkey. The plant recently trebled its capacity to 1.8Mta and now represents 42 per cent of the group’s Turkish capacity. Some US$150m was invested by Votoranti...

03 July 2017

Buzzi Unicem - June 2017

Buzzi Unicem is expanding its position in northen Italy with the acquisition of Cementizillo SpA. The acquisition entails 47.9 per cent of Cementizillo’s share capital and the remaining 52.1 per cent will be purchase...

03 July 2017

HeidelbergCement - June 2017

The HeidelbergCement group has extended its activities in the Pacific Northwest by spending some US$150m on acquiring downstream assets in Oregon and Washington from Cemex. The assets purchased include seven quarr...

03 July 2017

LafargeHolcim - June 2017

LafargeHolcim is expanding its construction materials operations in the Middle East and Africa by launching the ‘Binastore’ brand in Algeria, Cameroon, Iraq and Lebanon. Other markets where the group is active are to...

26 June 2017

Anhui Conch - June 2017

Building on its eight per cent sales volume growth in 2016, Anhui Conch’s plan for this year is to continue setting up cement activities abroad while concentrating on its M&A activities at home, according to the late...

26 June 2017

PT Indocement - June 2017

Indonesia’s cement producers, including PT Indocement, saw total domestic cement sales rise by seven per cent YoY in May 2017 to 5.47Mt, according to the Indonesian Cement Association (ASI). This is being attributed ...

26 June 2017

China National Building Materials (CNBM) - June 2017

This month saw the Chinese government commit US$2bn to Ghana’s ‘One District, One Factory’ programme, an initiative designed to establish at least one viable factory in all 216 districts in Ghana as part of a drive t...

26 June 2017

UltraTech - June 2017

UltraTech Cement will be bracing itself for the impact of the new Goods and Services Tax (GST) on the price of Indian cement. The new GST regime, which is due to be introduced on 1 July, will see the price market cha...