Madras Cement quarterly net profit down 44%
Madras Cement’s net profit for the first quarter of 2013-14 dropped by 44 per cent compared to the corresponding quarter of last year.
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Jordanian producers strive to increase competitiveness
Overcapacity in the Jordanian cement market is forcing local firms to increase competitiveness amid a challenging operating environment, according to the general manager of Jord...
Indocement to raise prices, Indonesia
PT Indocement Tunggal Prakarsa is planning to raise its cement prices in an effort to help offset an increase in subsidised fuel prices. Indocement’s director, Kuky Permana, tol...
Shanshui Cement 1H hit by pricing pressures
China Shanshui Cement said it expects to record a significant YoY decrease in net profit for the six months ended 30 June 2013 of not less than 40 per cent
BBMG Corp issues profit warning, China
BBMG Corp announced yesterday that it expected its net profit to fall not more than 15 per cent YoY in the first six months of this year, due to pricing pressures.
Cemex to raise Mexican cement prices by 4%
Cemex said Thursday it plans to raise prices of grey cement in Mexico by about four per cent starting next Monday. The increase will compensate for higher raw material costs the...
Steppe Cement 1H turnover boosted by higher prices
In the first half of the year, Kazakhstan-based cement producer Steppe Cement reported an eight per cent decline in volumes YoY but turnover rose by six per cent thanks to highe...
Indian producers forced to make 10% provision of CCI fine
The 11 cement companies fined by the Competition Commission of India (CCI) last year will be forced pay 10 per cent of the total amount levied in the June quarter of this year. ...
Caribbean Cement to increase prices, Jamaica
Caribbean Cement Company Ltd (CCCL) is set to increase cement prices for the third time in 2013, this time due to the depreciation of the Jamaican dollar against the US dollar.
UltraTech to take tribunal plea to Supreme Court on Monday
India’s Supreme Court will hear UltraTech Cement's plea challenging an order issued by the Competition Appellate’s Tribunal (COMPACT) on 17 May 2013 instructing the cement compa...