Anhui Conch Cement posts 13% increase in net profit for 2019
China’s Anhui Conch Cement has announced a 13 per cent increase in net profit to CNY33.59bn (US$4.73bn) for 2019, compared with CNY29.81bn in the previous year. EBITDA advanced...
Covid-19
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Holcim, Cemex suspend Luzon output
Holcim and Cemex have suspended production at their operations in Luzon, the Philippines, to comply with social distancing and quarantine measures put in place by the country’s...
Coronavirus uncertainty likely to flatline Indian cement prices
Due to the uncertainty caused by the coronavirus in the Indian construction industry, cement prices are likely to stagnate in the country, according to industry sources and sec...
Clinker imports into Bangladesh up 4%
The import of clinker into Bangladesh has increased by 3.6 per cent in the first seven months of the FY19-20, according to data released by the Central Bank of Bangladesh. Clin...
Cement industry and the COVID-19 crisis
This week has seen growing action and concern from the construction and cement sectors on how best to fight off the coronavirus (COVID-19), which was declared a pandemic on 11 ...
Titan records 8% advance in revenue for 2019
Greece-based Titan Cement has seen its group consolidated revenue advance eight per cent to EUR1.609bn in 2019, compared with EUR1.49bn in the previous year. EBITDA also increa...
Indonesia: sluggish local demand in February as export conditions to China deteriorate
The Indonesian Cement Association (ASI) noted the rate of YoY decline in national cement consumption has slowed to -0.1 per cent in February from January's position, which was ...
HeidelbergCement confirms positive 2019 results
HeidelbergCement has confirmed the positive preliminary results for 2019 it published last month , thereby concluding the business year successfully. "Although the environme...
Cevian Capital increases stake in CRH
Cevian Capital, Europe’s largest activist investor, has increased its stake in CRH to above three per cent for the first time. "As a long-term investor, we are pleased to be...
HeidelbergCement and Italcementi donate to northern Italy's fight against COVID-19
To alleviate the extremely tense situation of the local community and to support the fight against the coronavirus, HeidelbergCement and its Italian subsidiary Italcementi are ...