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Holcim 1H Net profit down 56% on items; cuts guidanceHolcim lowered its full-year outlook after reporting a 56% decrease in first-half net profit on special factors, high raw material costs and currency-exchange rate effects. The company said it i...News - 21 August 2008 |
South Africa: economy pushes cement sales downThe slowdown in economic growth is seen as the main cause for the decline in the sales of cement. According to the Cement and Concrete Institute, the sales of cement fell by 0.9 per cent in July c...News - 12 August 2008 |
Binani Cement plans international armBinani Cement, the Braj Binani-backed cement manufacturer, will set up an international subsidiary for its overseas operations and may list it at the London Stock Exchange’s Alternative Investment...News - 29 July 2008 |
South Africa: new Randfontein plant on trackLafarge SA said yesterday the building of its Randfontein plant, a key part of its plans to increase production by about a quarter, was on track to meet its October completion deadline, despite po...News - 28 July 2008 |
Mexico’s Cemex 2Q net profit down 27% to US$444mCemex said Tuesday its net profit fell 27% in the second quarter to $444m, while higher sales and operating gains helped the company cut debt following athe Rinker acquisition. Cemex said sales ...News - 23 July 2008 |
Aditya Birla eyes coal minesIndia’s Aditya Birla Group Friday said the group is looking to buy coal mines overseas to lower input costs, just as one of the group companies, Ultratech Cement Ltd reported flat first quarter pr...News - 21 July 2008 |
Pakistan cement exports hit record highPakistan cement exports after earning a historical level of US$435m foreign exchange during financial year 2007-08, is all set to touch US$1bn-mark by 2010, industry sources told Daily Times Thurs...News - 18 July 2008 |
Pakistan’s private sector facilitated to export bulk cementThe Karachi Port Trust, as part of its landlord port strategy, has facilitated the private sector to export bulk cement. The bulk cement exporters would directly pump and load bulk cement in shi...News - 11 July 2008 |
India: rising coal import bill to make cement dearerThe continuous rise in international coal prices and an anticipated increased supply may cause further increase in cement prices in near future, industry sources said. Increase in world coal price...News - 27 June 2008 |
Panamax freights subject to downward pressuresWith dry bulk shipowners continuing to make substantial profits, it is not surprising that a number of industrial groups mulling a move into shipowning continues to grow. India’s Tata Power is rep...News - 26 June 2008 |