PT Indocement
Government spending on infrastructure is expected to drive up cement demand in Indonesia in 2016, according to PT Indocement. Following consumption growth of 3.4 per cent in 201...
Business Results
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Kazakhstan: devalued tenge affects Steppe Cement
The sharp devaluation of the Kazakh tenge saw the 2015 results of Steppe Cement affected as import pressures waned. Until August 2015 local producers had to lower their selling ...
India: Prism Cement 4QFY16 profits fall 95% YoY
Prism Cement’s net profits for the quarter to 31 March 2016 fell to just INR30m (US$445,000), down 95.2 per cent YoY, reports India Infoline. Net revenues at the company rose by...
FLSmidth records 19% rise in 1Q order intake
FLSmidth reported a 19 per cent increase in order intake for 1Q16 to DKK5.281bn (US$797m), mainly due to the receipt of a large order in a quarter which is usually quiet. Revenu...
India: JK Lakshmi Cement 4Q net profit soars
JK Lakshmi Cement’s net profit soared in the quarter ended 31 March 2016 from INR60.5m (US$ 0.90m) to INR483.8m YoY. Total 4Q revenues of the company jumped 27 per cent from INR...
Pakistan prepares for positive future
The outlook for the Pakistan cement industry is positive with expansion expected over the next few years. Key reasons include improved sector fundamentals backed by higher deman...
Barbados: Arawak reports improved performance
Arawak Cement Co Ltd of St Lucy, Barbados, announced a turnaround in its finances in 2015. While it did not release any hard data, it described 2015 as a “very encouraging” year...
Titan 1Q16 results boosted by US growth
Titan Group posted robust growth in sales and operating performance in 1Q16, primarily on the back of the US market, as well as the improved operation of the plants in Egypt. Co...
Martin Marietta reports strong Q1 profit advance
Martin Marietta Materials, one of the top five US aggregates producers, has announced a first-quarter turnover 16.2 per cent ahead at US$734.0m and EBITDA rose by 67.3 per cent ...
LafargeHolcim
The Indian Holcim subsidiary ACC Ltd has completed the expansion of its Wadi works in the southern Indian state Karnataka to 13,000tpd. ACC Ltd delivered 9.3 per cent more cemen...