PCA: as oil prices fall, cost of asphalt is on the rise
Despite falling oil prices, the cost of paving with asphalt continues to rise across the US. A recent analysis from the Portland Cement Association (PCA) shows that asphalt pric...
Energy Fuel & Power
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Oman Cement 2014 profit declines on weaker sales, clinker imports
Oman Cement reported a 12.8 per cent decline in net profit on account of weaker sales, lower clinker production and higher volumes of imported clinker, the company said on Monda...
Beni Suef begins construction of coal mill, Egypt
Beni Suef Cement has began the construction of the coal mill worth EGP200m (US$26.3m), to be used as an alternative to natural gas and heavy fuel oil at its cement plant in Egypt.
Raysut full-year profit dips, Oman
Raysut Cement reported full-year net profit of OMR27.42m (US$71.22m), 0.4 per cent lower than the OMR27.52m posted in the previous year.
PCA: oil prices could lead to strong near-term US economic growth
Low oil prices are beneficial to US economic growth and are expected to add 20 to 30 basis points to real GDP growth rates during 2015-2016, Edward J Sullivan announced during r...
Semen Indonesia targets seven per cent sales growth
Semen Indonesia is targeting sales growth of around seven per cent this year, despite a cut in the price of the construction material for state-run enterprises initiated by the ...
US recovery on a roll
Continued, steady improvements are anticipated for US cement volumes and pricing through 2015. A widespread increase in construction activity is anticipated, but falling energy ...
Sanghi Industries invests in energy, port development
Sanghi Industries is to invest in a 15MW waste heat recovery (WHR) system at its cement plant in Kutch, Gujarat, as part of the company’s drive to enhance efficiency and reduce ...
HeidelbergCement expects positive earnings impact on falling prices
HeidelbergCement AG expects the falling oil prices to have a positive effect on the company`s earnings in 2015, a company spokesperson told German weekly Euro am Sonntag. The lo...
Lucky Cement gets go-ahead for coal power plant investment
Lucky Cement Ltd's Board of Directors has approved the investment of around PKR27bn (US$268.4m) to set up a 660MW coal-based power plant in Karachi, Pakistan. Under the name of ...